Harbor Capital Advisors Inc. Trims Stock Holdings in Cimpress plc $CMPR

Harbor Capital Advisors Inc. reduced its stake in Cimpress plc (NASDAQ:CMPR) by 20.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,209 shares of the business services provider’s stock after selling 1,102 shares during the quarter. Harbor Capital Advisors Inc.’s holdings in Cimpress were worth $198,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Signaturefd LLC lifted its position in shares of Cimpress by 341.6% in the first quarter. Signaturefd LLC now owns 605 shares of the business services provider’s stock valued at $27,000 after acquiring an additional 468 shares in the last quarter. Summit Securities Group LLC purchased a new stake in shares of Cimpress in the first quarter valued at $32,000. Headlands Technologies LLC purchased a new stake in shares of Cimpress in the first quarter valued at $34,000. Ameriprise Financial Inc. purchased a new stake in shares of Cimpress in the fourth quarter valued at $228,000. Finally, Cerity Partners LLC purchased a new stake in shares of Cimpress in the first quarter valued at $214,000. 77.64% of the stock is currently owned by hedge funds and other institutional investors.

Cimpress Stock Performance

Shares of CMPR opened at $62.31 on Friday. The company has a market capitalization of $1.53 billion, a P/E ratio of 122.18 and a beta of 1.79. Cimpress plc has a one year low of $35.21 and a one year high of $86.37. The stock has a 50-day moving average price of $56.54 and a 200 day moving average price of $48.43.

Cimpress (NASDAQ:CMPR) last issued its quarterly 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 business had revenue of $869.48 million during the quarter, compared to analysts’ expectations of $844.24 million. Cimpress has set its FY 2026 guidance at EPS. As a group, equities research analysts forecast that Cimpress plc will post 3.69 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on CMPR. Truist Financial upped their price objective on Cimpress from $74.00 to $78.00 and gave the company a “buy” rating in a research report on Wednesday. Wall Street Zen lowered Cimpress from a “buy” rating to a “hold” rating in a research note on Sunday, August 10th. Finally, Barrington Research upped their target price on Cimpress from $65.00 to $70.00 and gave the company an “outperform” rating in a research note on Monday, August 4th. Two research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $74.00.

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.