Blueshift Asset Management LLC Has $291,000 Stock Holdings in Cimpress plc $CMPR

Blueshift Asset Management LLC reduced its position in Cimpress plc (NASDAQ:CMPR) by 65.9% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 6,200 shares of the business services provider’s stock after selling 11,980 shares during the period. Blueshift Asset Management LLC’s holdings in Cimpress were worth $291,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Cimpress by 2.9% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,992 shares of the business services provider’s stock valued at $452,000 after acquiring an additional 282 shares during the last quarter. Grantham Mayo Van Otterloo & Co. LLC lifted its position in Cimpress by 7.4% during the 2nd quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 6,717 shares of the business services provider’s stock valued at $316,000 after purchasing an additional 463 shares during the period. PNC Financial Services Group Inc. boosted its stake in shares of Cimpress by 8.2% in the 2nd quarter. PNC Financial Services Group Inc. now owns 6,273 shares of the business services provider’s stock valued at $295,000 after purchasing an additional 478 shares during the last quarter. Mayfair Advisory Group LLC grew its position in shares of Cimpress by 13.7% during the 2nd quarter. Mayfair Advisory Group LLC now owns 5,502 shares of the business services provider’s stock worth $259,000 after buying an additional 663 shares during the period. Finally, Summit Securities Group LLC bought a new stake in shares of Cimpress during the first quarter worth approximately $32,000. Institutional investors own 77.64% of the company’s stock.

Cimpress Stock Up 4.6%

Shares of CMPR stock opened at $73.69 on Thursday. Cimpress plc has a 12-month low of $35.21 and a 12-month high of $85.56. The firm has a fifty day moving average of $65.87 and a 200-day moving average of $56.81. The firm has a market capitalization of $1.82 billion, a price-to-earnings ratio of 56.25 and a beta of 1.72.

Cimpress (NASDAQ:CMPR) last issued its quarterly earnings data on Wednesday, October 29th. The business services provider reported $0.30 EPS for the quarter, topping the consensus estimate of $0.29 by $0.01. Cimpress had a negative return on equity of 6.21% and a net margin of 1.02%.The business had revenue of $863.28 million for the quarter, compared to the consensus estimate of $839.42 million. Research analysts expect that Cimpress plc will post 3.69 earnings per share for the current year.

Insider Activity

In other news, EVP Maarten Wensveen sold 22,830 shares of Cimpress stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $68.36, for a total transaction of $1,560,658.80. Following the transaction, the executive vice president owned 20,587 shares in the company, valued at $1,407,327.32. The trade was a 52.58% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Sean Edward Quinn bought 4,000 shares of the stock in a transaction that occurred on Thursday, November 6th. The shares were acquired at an average cost of $62.79 per share, with a total value of $251,160.00. Following the completion of the purchase, the executive vice president owned 36,484 shares in the company, valued at $2,290,830.36. This represents a 12.31% increase in their position. The SEC filing for this purchase provides additional information. Insiders own 10.20% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on CMPR. Citigroup reaffirmed an “outperform” rating on shares of Cimpress in a research note on Wednesday, October 1st. Truist Financial upped their target price on shares of Cimpress from $74.00 to $78.00 and gave the company a “buy” rating in a research report on Wednesday, September 17th. Weiss Ratings restated a “hold (c-)” rating on shares of Cimpress in a research report on Monday. Barrington Research lifted their price objective on Cimpress from $77.00 to $83.00 and gave the stock an “outperform” rating in a research note on Monday, November 17th. Finally, Wall Street Zen upgraded Cimpress from a “hold” rating to a “buy” rating in a report on Saturday, November 1st. Three research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $80.50.

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.