Cimpress plc (NASDAQ:CMPR) Shares Sold by California State Teachers Retirement System

California State Teachers Retirement System cut its holdings in Cimpress plc (NASDAQ:CMPR) by 1.9% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 15,405 shares of the business services provider’s stock after selling 298 shares during the period. California State Teachers Retirement System owned 0.06% of Cimpress worth $1,105,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Hillsdale Investment Management Inc. grew its stake in shares of Cimpress by 0.5% during the 4th quarter. Hillsdale Investment Management Inc. now owns 43,500 shares of the business services provider’s stock valued at $3,120,000 after buying an additional 200 shares during the period. Rhumbline Advisers grew its stake in shares of Cimpress by 0.9% during the 4th quarter. Rhumbline Advisers now owns 25,381 shares of the business services provider’s stock valued at $1,820,000 after buying an additional 232 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Cimpress by 2.8% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,710 shares of the business services provider’s stock valued at $696,000 after buying an additional 267 shares during the period. Grantham Mayo Van Otterloo & Co. LLC grew its stake in shares of Cimpress by 9.0% during the 4th quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 4,112 shares of the business services provider’s stock valued at $295,000 after buying an additional 341 shares during the period. Finally, Handelsbanken Fonder AB grew its stake in shares of Cimpress by 6.4% during the 4th quarter. Handelsbanken Fonder AB now owns 6,696 shares of the business services provider’s stock valued at $480,000 after buying an additional 400 shares during the period. 77.64% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Cimpress news, CFO Sean Edward Quinn purchased 5,000 shares of the firm’s stock in a transaction that occurred on Friday, March 14th. The stock was purchased at an average cost of $41.50 per share, with a total value of $207,500.00. Following the transaction, the chief financial officer now owns 20,224 shares in the company, valued at approximately $839,296. This trade represents a 32.84% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. 17.80% of the stock is owned by corporate insiders.

Cimpress Trading Up 2.2%

Shares of Cimpress stock opened at $46.25 on Tuesday. The company has a fifty day moving average price of $43.04 and a 200 day moving average price of $55.94. Cimpress plc has a twelve month low of $35.21 and a twelve month high of $104.92. The stock has a market cap of $1.15 billion, a price-to-earnings ratio of 7.66, a price-to-earnings-growth ratio of 0.50 and a beta of 1.76.

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

Analyst Ratings Changes

CMPR has been the subject of several research reports. Wall Street Zen cut shares of Cimpress from a “strong-buy” rating to a “buy” rating in a research note on Monday, May 5th. Barrington Research lowered their price objective on shares of Cimpress from $95.00 to $65.00 and set an “outperform” rating for the company in a research note on Friday, May 9th. Finally, Truist Financial lowered their price objective on shares of Cimpress from $87.00 to $60.00 and set a “buy” rating for the company in a research note on Monday, May 5th.

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.