SG Americas Securities LLC Takes $979,000 Position in Cimpress plc $CMPR

SG Americas Securities LLC acquired a new position in shares of Cimpress plc (NASDAQ:CMPR) in the third quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 15,522 shares of the business services provider’s stock, valued at approximately $979,000. SG Americas Securities LLC owned 0.06% of Cimpress as of its most recent filing with the SEC.

Several other institutional investors have also recently added to or reduced their stakes in CMPR. Headlands Technologies LLC lifted its stake in Cimpress by 32.3% during the second quarter. Headlands Technologies LLC now owns 986 shares of the business services provider’s stock worth $46,000 after purchasing an additional 241 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Cimpress in the 2nd quarter valued at $51,000. Tower Research Capital LLC TRC lifted its stake in Cimpress by 115.9% during the 2nd quarter. Tower Research Capital LLC TRC now owns 1,846 shares of the business services provider’s stock worth $87,000 after acquiring an additional 991 shares in the last quarter. Silver Oak Securities Incorporated purchased a new position in Cimpress during the 3rd quarter valued at about $197,000. Finally, Federated Hermes Inc. boosted its holdings in Cimpress by 21.5% during the 2nd quarter. Federated Hermes Inc. now owns 4,191 shares of the business services provider’s stock valued at $197,000 after acquiring an additional 743 shares during the period. Institutional investors and hedge funds own 77.64% of the company’s stock.

Analyst Ratings Changes

CMPR has been the topic of several research reports. Citigroup reissued an “outperform” rating on shares of Cimpress in a research report on Wednesday, October 1st. Barrington Research increased their target price on shares of Cimpress from $77.00 to $83.00 and gave the stock an “outperform” rating in a report on Monday, November 17th. Wall Street Zen raised shares of Cimpress from a “hold” rating to a “buy” rating in a research report on Saturday, November 1st. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Cimpress in a research note on Monday, December 29th. Three analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $80.50.

Cimpress Stock Down 0.5%

Shares of Cimpress stock opened at $79.74 on Monday. Cimpress plc has a 52-week low of $35.21 and a 52-week high of $81.64. The company has a 50 day moving average of $70.77 and a 200 day moving average of $63.12. The company has a market capitalization of $1.97 billion, a P/E ratio of 60.87 and a beta of 1.73.

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

Insiders Place Their Bets

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

About Cimpress

Cimpress NV is a global leader in mass customization and web-to-print services, offering businesses and consumers an online platform to design, order and personalize printed marketing materials and promotional products. As the parent company of Vistaprint and a portfolio of regional print service providers, Cimpress leverages proprietary technology to connect millions of small- and medium-sized customers with a network of manufacturing facilities around the world. Its product range spans business cards, brochures, signage, labels, apparel, packaging and a variety of bespoke merchandise.

The company traces its roots to Vistaprint, founded in 1995 by Robert W.