Bank of America Corp DE Decreases Position in Cimpress plc (NASDAQ:CMPR)

Bank of America Corp DE trimmed its holdings in Cimpress plc (NASDAQ:CMPR) by 20.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 167,960 shares of the business services provider’s stock after selling 43,549 shares during the quarter. Bank of America Corp DE owned approximately 0.67% of Cimpress worth $12,046,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of CMPR. Vestcor Inc purchased a new stake in shares of Cimpress in the fourth quarter worth approximately $144,000. Ameriprise Financial Inc. purchased a new stake in shares of Cimpress in the fourth quarter worth approximately $228,000. Prudential Financial Inc. raised its holdings in shares of Cimpress by 36.4% in the fourth quarter. Prudential Financial Inc. now owns 3,707 shares of the business services provider’s stock worth $266,000 after buying an additional 990 shares during the period. KLP Kapitalforvaltning AS purchased a new stake in shares of Cimpress in the fourth quarter worth approximately $287,000. Finally, Grantham Mayo Van Otterloo & Co. LLC raised its holdings in shares of Cimpress by 9.0% in the fourth quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 4,112 shares of the business services provider’s stock worth $295,000 after buying an additional 341 shares during the period. 77.64% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, CFO Sean Edward Quinn purchased 5,000 shares of the business’s stock in a transaction dated Friday, March 14th. The shares were acquired at an average cost of $41.50 per share, for a total transaction of $207,500.00. Following the acquisition, the chief financial officer now owns 20,224 shares of the company’s stock, valued at $839,296. The trade was a 32.84% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 17.80% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. Truist Financial reduced their price target on Cimpress from $87.00 to $60.00 and set a “buy” rating on the stock in a report on Monday, May 5th. Wall Street Zen downgraded Cimpress from a “strong-buy” rating to a “buy” rating in a report on Monday, May 5th. Finally, Barrington Research reduced their price target on Cimpress from $95.00 to $65.00 and set an “outperform” rating on the stock in a report on Friday, May 9th.

Cimpress Stock Up 0.6%

CMPR opened at $43.06 on Friday. The stock’s fifty day moving average is $43.14 and its two-hundred day moving average is $59.19. The company has a market capitalization of $1.07 billion, a P/E ratio of 7.13, a PEG ratio of 0.50 and a beta of 1.82. Cimpress plc has a 52 week low of $35.21 and a 52 week high of $104.92.

Cimpress (NASDAQ:CMPR) last released its quarterly earnings data on Wednesday, April 30th. The business services provider reported ($0.33) EPS for the quarter, missing the consensus estimate of $0.61 by ($0.94). The firm had revenue of $789.47 million for the quarter, compared to analysts’ expectations of $798.02 million. Cimpress had a negative return on equity of 27.64% and a net margin of 4.75%. Equities analysts anticipate that Cimpress plc will post 3.69 earnings per share for the current year.

Cimpress Profile

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.