PNC Financial Services Group Inc. Grows Position in Cimpress plc (NASDAQ:CMPR)

PNC Financial Services Group Inc. raised its holdings in shares of Cimpress plc (NASDAQ:CMPR) by 15.8% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,795 shares of the business services provider’s stock after buying an additional 789 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Cimpress were worth $262,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of CMPR. Diamond Hill Capital Management Inc. grew its holdings in shares of Cimpress by 55.6% during the first quarter. Diamond Hill Capital Management Inc. now owns 921,661 shares of the business services provider’s stock worth $41,687,000 after buying an additional 329,466 shares in the last quarter. ArrowMark Colorado Holdings LLC grew its holdings in shares of Cimpress by 30.0% during the fourth 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 in the last quarter. Janus Henderson Group PLC grew its holdings in shares of Cimpress by 6.8% during 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 buying an additional 194,034 shares in the last quarter. Millennium Management LLC grew its holdings in shares of Cimpress by 331.9% during the fourth quarter. Millennium Management LLC now owns 110,872 shares of the business services provider’s stock worth $7,952,000 after buying an additional 85,201 shares in the last quarter. Finally, Hussman Strategic Advisors Inc. purchased a new stake in shares of Cimpress during the first quarter worth $2,375,000. Hedge funds and other institutional investors own 77.64% of the company’s stock.

Cimpress Trading Down 1.8%

Shares of CMPR opened at $59.06 on Friday. Cimpress plc has a 12-month low of $35.21 and a 12-month high of $102.22. The firm has a 50-day moving average price of $48.99 and a 200 day moving average price of $47.07. The firm has a market capitalization of $1.45 billion, a P/E ratio of 115.81 and a beta of 1.70.

Cimpress (NASDAQ:CMPR) last posted its earnings results on Tuesday, July 29th. The business services provider reported ($1.02) EPS for the quarter, missing analysts’ consensus estimates of $0.97 by ($1.99). Cimpress had a net margin of 0.44% and a negative return on equity of 2.64%. The company had revenue of $869.48 million during the quarter, compared to analyst estimates of $844.24 million. Equities research analysts predict that Cimpress plc will post 3.69 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages recently issued reports on CMPR. Truist Financial set a $74.00 price objective on shares of Cimpress and gave the company a “buy” rating in a report on Wednesday, July 30th. Wall Street Zen lowered shares of Cimpress from a “buy” rating to a “hold” rating in a report on Sunday, August 10th. Finally, Barrington Research upped their price objective on shares of Cimpress from $65.00 to $70.00 and gave the company an “outperform” rating in a report on Monday, August 4th.

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.