Cimpress plc (NASDAQ:CMPR) Shares Purchased by Millennium Management LLC

Millennium Management LLC boosted its position in shares of Cimpress plc (NASDAQ:CMPR) by 331.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 110,872 shares of the business services provider’s stock after purchasing an additional 85,201 shares during the period. Millennium Management LLC owned approximately 0.44% of Cimpress worth $7,952,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of CMPR. ArrowMark Colorado Holdings LLC increased its holdings in shares of Cimpress by 30.0% during the 4th quarter. ArrowMark Colorado Holdings LLC now owns 884,076 shares of the business services provider’s stock worth $63,406,000 after buying an additional 203,806 shares during the last quarter. Janus Henderson Group PLC grew its position in Cimpress by 6.8% in the fourth quarter. Janus Henderson Group PLC now owns 3,041,361 shares of the business services provider’s stock worth $218,126,000 after acquiring an additional 194,034 shares during the period. Diamond Hill Capital Management Inc. increased its stake in Cimpress by 31.5% during the fourth quarter. Diamond Hill Capital Management Inc. now owns 592,195 shares of the business services provider’s stock worth $42,472,000 after acquiring an additional 141,942 shares during the last quarter. Norges Bank purchased a new stake in Cimpress in the fourth quarter valued at $3,544,000. Finally, Connor Clark & Lunn Investment Management Ltd. raised its position in Cimpress by 39.1% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 136,724 shares of the business services provider’s stock valued at $9,806,000 after purchasing an additional 38,402 shares during the period. 77.64% of the stock is currently owned by institutional investors and hedge funds.

Cimpress Stock Down 1.9%

NASDAQ:CMPR opened at $42.23 on Monday. Cimpress plc has a 52 week low of $35.21 and a 52 week high of $104.92. The stock’s fifty day moving average is $43.09 and its two-hundred day moving average is $58.65. The stock has a market capitalization of $1.05 billion, a price-to-earnings ratio of 6.99, a price-to-earnings-growth ratio of 0.50 and a beta of 1.82.

Cimpress (NASDAQ:CMPR) last posted its earnings results on Wednesday, April 30th. The business services provider reported ($0.33) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.61 by ($0.94). Cimpress had a negative return on equity of 27.64% and a net margin of 4.75%. The firm had revenue of $789.47 million for the quarter, compared to analyst estimates of $798.02 million. On average, sell-side analysts expect that Cimpress plc will post 3.69 EPS for the current fiscal year.

Insider Transactions at Cimpress

In related news, CFO Sean Edward Quinn acquired 5,000 shares of Cimpress 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 completion of the purchase, the chief financial officer now owns 20,224 shares in the company, valued at approximately $839,296. The trade was a 32.84% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 17.80% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on CMPR shares. Barrington Research cut their price objective on Cimpress from $95.00 to $65.00 and set an “outperform” rating for the company in a research report on Friday, May 9th. Wall Street Zen cut shares of Cimpress from a “strong-buy” rating to a “buy” rating in a research report on Monday, May 5th. Finally, Truist Financial reduced their price target on shares of Cimpress from $87.00 to $60.00 and set a “buy” rating on the stock in a research note on Monday, May 5th.

Cimpress Company 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.