Daiwa Securities Group Inc. Has $468,000 Stock Position in Cimpress plc (NASDAQ:CMPR)

Daiwa Securities Group Inc. lowered its holdings in shares of Cimpress plc (NASDAQ:CMPR) by 4.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 5,843 shares of the business services provider’s stock after selling 300 shares during the period. Daiwa Securities Group Inc.’s holdings in Cimpress were worth $468,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the business. DekaBank Deutsche Girozentrale bought a new position in Cimpress in the third quarter worth approximately $88,000. Contravisory Investment Management Inc. bought a new position in Cimpress in the fourth quarter worth approximately $185,000. Crestwood Advisors Group LLC bought a new position in Cimpress in the third quarter worth approximately $210,000. VELA Investment Management LLC bought a new position in Cimpress in the fourth quarter worth approximately $239,000. Finally, Grantham Mayo Van Otterloo & Co. LLC bought a new position in Cimpress in the third quarter worth approximately $240,000. Institutional investors and hedge funds own 77.64% of the company’s stock.

Cimpress Stock Up 0.5 %

CMPR stock opened at $89.08 on Friday. Cimpress plc has a twelve month low of $42.84 and a twelve month high of $100.01. The stock’s 50 day moving average is $91.41 and its 200-day moving average is $79.76. The firm has a market capitalization of $2.37 billion, a PE ratio of 58.99, a P/E/G ratio of 1.18 and a beta of 1.97.

Cimpress (NASDAQ:CMPR) last posted its earnings results on Wednesday, January 31st. The business services provider reported $2.14 earnings per share for the quarter, beating analysts’ consensus estimates of $1.24 by $0.90. Cimpress had a negative return on equity of 10.76% and a net margin of 1.31%. The company had revenue of $921.36 million for the quarter, compared to analyst estimates of $901.13 million. On average, equities research analysts anticipate that Cimpress plc will post 3.16 earnings per share for the current fiscal year.

Insider Activity

In related news, CEO Florian Baumgartner sold 4,433 shares of the stock in a transaction that occurred on Monday, April 8th. The stock was sold at an average price of $97.88, for a total transaction of $433,902.04. Following the completion of the sale, the chief executive officer now directly owns 29,360 shares of the company’s stock, valued at $2,873,756.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CEO Florian Baumgartner sold 4,433 shares of the stock in a transaction that occurred on Monday, April 8th. The stock was sold at an average price of $97.88, for a total transaction of $433,902.04. Following the completion of the sale, the chief executive officer now directly owns 29,360 shares of the company’s stock, valued at $2,873,756.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Sean Edward Quinn sold 6,959 shares of the stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $90.00, for a total value of $626,310.00. The disclosure for this sale can be found here. Insiders have sold 28,841 shares of company stock worth $2,656,348 over the last 90 days. 17.90% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on CMPR. Barrington Research increased their price target on Cimpress from $100.00 to $113.00 and gave the stock an “outperform” rating in a report on Monday, February 5th. Truist Financial increased their price target on Cimpress from $90.00 to $110.00 and gave the stock a “buy” rating in a report on Friday, February 2nd.

About Cimpress

Cimpress plc provides various mass customization of printing and related products in North America, Europe, and internationally. The company operates through five segments: Vista, PrintBrothers, The Print Group, National Pen, and All Other Businesses. It offers printed and digital marketing products; internet-based canvas-print wall décor, business signage, and other printed products; business cards; and marketing materials, such as flyers and postcards, digital and marketing services, writing instruments, decorated apparel, promotional products and gifts, packaging, design services, textiles, and magazines and catalogs.