Institute for Wealth Management LLC. Acquires Shares of 9,067 Cimpress plc (NASDAQ:CMPR)

Institute for Wealth Management LLC. bought a new position in shares of Cimpress plc (NASDAQ:CMPR) during the first quarter, HoldingsChannel.com reports. The firm bought 9,067 shares of the business services provider’s stock, valued at approximately $410,000.

Other hedge funds also recently made changes to their positions in the company. Sequoia Financial Advisors LLC grew its position in Cimpress by 8.1% during the fourth quarter. Sequoia Financial Advisors LLC now owns 100,087 shares of the business services provider’s stock worth $7,178,000 after buying an additional 7,535 shares in the last quarter. Northern Trust Corp raised its holdings in Cimpress by 6.8% in the 4th quarter. Northern Trust Corp now owns 171,880 shares of the business services provider’s stock valued at $12,327,000 after acquiring an additional 10,876 shares in the last quarter. Bank of New York Mellon Corp lifted its position in shares of Cimpress by 27.4% during the 4th quarter. Bank of New York Mellon Corp now owns 68,505 shares of the business services provider’s stock valued at $4,913,000 after acquiring an additional 14,735 shares during the period. JPMorgan Chase & Co. grew its holdings in shares of Cimpress by 169.9% during the 4th quarter. JPMorgan Chase & Co. now owns 59,209 shares of the business services provider’s stock worth $4,246,000 after purchasing an additional 37,272 shares in the last quarter. Finally, New York State Common Retirement Fund grew its holdings in shares of Cimpress by 203.5% during the 4th quarter. New York State Common Retirement Fund now owns 17,152 shares of the business services provider’s stock worth $1,230,000 after purchasing an additional 11,500 shares in the last quarter. 77.64% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. Wall Street Zen downgraded Cimpress from a “strong-buy” rating to a “buy” rating in a research note on Monday, May 5th. Truist Financial dropped their target price on shares of Cimpress from $87.00 to $60.00 and set a “buy” rating for the company in a research report on Monday, May 5th. Finally, Barrington Research cut their price target on shares of Cimpress from $95.00 to $65.00 and set an “outperform” rating for the company in a report on Friday, May 9th.

Cimpress Stock Performance

Shares of CMPR stock opened at $42.62 on Friday. Cimpress plc has a fifty-two week low of $35.21 and a fifty-two week high of $104.92. The stock’s fifty day moving average price is $43.32 and its two-hundred day moving average price is $54.24. The company has a market cap of $1.06 billion, a PE ratio of 7.27 and a beta of 1.76.

Cimpress (NASDAQ:CMPR) last released its earnings results on Wednesday, April 30th. The business services provider reported ($0.33) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.61 by ($0.94). The business had revenue of $789.47 million during the quarter, compared to the consensus estimate of $798.02 million. Cimpress had a net margin of 4.61% and a negative return on equity of 27.85%. On average, equities analysts predict that Cimpress plc will post 3.69 EPS for the current fiscal year.

Cimpress 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.