Cimpress plc $CMPR Shares Acquired by ArrowMark Colorado Holdings LLC

ArrowMark Colorado Holdings LLC lifted its holdings in shares of Cimpress plc (NASDAQ:CMPR) by 66.8% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,258,040 shares of the business services provider’s stock after purchasing an additional 503,849 shares during the quarter. Cimpress comprises approximately 1.5% of ArrowMark Colorado Holdings LLC’s investment portfolio, making the stock its 12th biggest position. ArrowMark Colorado Holdings LLC owned 5.10% of Cimpress worth $79,307,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of CMPR. Headlands Technologies LLC raised its holdings in Cimpress by 32.3% in the 2nd quarter. Headlands Technologies LLC now owns 986 shares of the business services provider’s stock valued at $46,000 after buying an additional 241 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position 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 buying an additional 282 shares during the last quarter. Alliancebernstein L.P. boosted its stake in Cimpress by 1.7% during the third quarter. Alliancebernstein L.P. now owns 20,743 shares of the business services provider’s stock worth $1,308,000 after buying an additional 353 shares during the period. First Horizon Corp purchased a new position in Cimpress during the third quarter worth about $27,000. Finally, Grantham Mayo Van Otterloo & Co. LLC increased its position in shares of Cimpress by 7.4% during the second quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 6,717 shares of the business services provider’s stock valued at $316,000 after acquiring an additional 463 shares during the last quarter. 77.64% of the stock is currently owned by hedge funds and other institutional investors.

Cimpress Price Performance

Shares of NASDAQ:CMPR opened at $71.05 on Friday. The firm has a market capitalization of $1.73 billion, a PE ratio of 78.95 and a beta of 1.75. The firm’s 50-day moving average is $74.63 and its two-hundred day moving average is $69.16. Cimpress plc has a 1 year low of $35.21 and a 1 year high of $82.43.

Cimpress (NASDAQ:CMPR) last issued its quarterly earnings results on Wednesday, January 28th. The business services provider reported $1.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.61 by $0.34. The business had revenue of $1.04 billion for the quarter, compared to analysts’ expectations of $993.64 million. Cimpress had a net margin of 0.66% and a negative return on equity of 4.18%. Analysts expect that Cimpress plc will post 3.69 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on CMPR shares. Zacks Research downgraded shares of Cimpress from a “strong-buy” rating to a “hold” rating in a research note on Thursday, February 26th. Barrington Research increased their price objective on shares of Cimpress from $83.00 to $95.00 and gave the stock an “outperform” rating in a research report on Monday, February 2nd. Truist Financial set a $100.00 target price on shares of Cimpress in a report on Friday, January 30th. Weiss Ratings reissued a “hold (c-)” rating on shares of Cimpress in a research report on Monday, December 29th. Finally, Wall Street Zen upgraded Cimpress from a “buy” rating to a “strong-buy” rating in a research note on Sunday, March 1st. Three research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $97.50.

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.