Cimpress plc (NASDAQ:CMPR) Shares Sold by Teacher Retirement System of Texas

Teacher Retirement System of Texas cut its holdings in shares of Cimpress plc (NASDAQ:CMPR) by 33.5% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 36,262 shares of the business services provider’s stock after selling 18,234 shares during the period. Teacher Retirement System of Texas’ holdings in Cimpress were worth $2,601,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of CMPR. Janus Henderson Group PLC grew its holdings in Cimpress by 5.2% in the third quarter. Janus Henderson Group PLC now owns 2,847,327 shares of the business services provider’s stock valued at $233,253,000 after purchasing an additional 140,899 shares during the period. Diamond Hill Capital Management Inc. grew its stake in Cimpress by 31.5% in the 4th quarter. Diamond Hill Capital Management Inc. now owns 592,195 shares of the business services provider’s stock valued at $42,472,000 after acquiring an additional 141,942 shares during the period. Hantz Financial Services Inc. raised its position in Cimpress by 9.1% during the fourth quarter. Hantz Financial Services Inc. now owns 159,000 shares of the business services provider’s stock worth $11,403,000 after acquiring an additional 13,297 shares during the period. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in Cimpress by 39.1% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 136,724 shares of the business services provider’s stock valued at $9,806,000 after purchasing an additional 38,402 shares in the last quarter. Finally, Hennessy Advisors Inc. grew its position in shares of Cimpress by 6.9% in the fourth quarter. Hennessy Advisors Inc. now owns 110,400 shares of the business services provider’s stock valued at $7,918,000 after purchasing an additional 7,100 shares during the period. Hedge funds and other institutional investors own 77.64% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. StockNews.com upgraded shares of Cimpress from a “buy” rating to a “strong-buy” rating in a research report on Saturday, February 8th. Truist Financial decreased their target price on Cimpress from $110.00 to $87.00 and set a “buy” rating on the stock in a research report on Friday, January 31st. Finally, Barrington Research reiterated an “outperform” rating and set a $119.00 price target on shares of Cimpress in a research report on Wednesday, January 29th.

Cimpress Trading Up 0.1 %

CMPR opened at $42.41 on Thursday. The firm has a market capitalization of $1.07 billion, a PE ratio of 7.02, a PEG ratio of 0.50 and a beta of 2.22. Cimpress plc has a twelve month low of $41.01 and a twelve month high of $104.92. The firm’s 50-day moving average price is $54.56 and its 200 day moving average price is $70.01.

Cimpress (NASDAQ:CMPR) last posted its quarterly earnings results on Wednesday, January 29th. The business services provider reported $2.36 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.52 by ($0.16). Cimpress had a net margin of 4.75% and a negative return on equity of 27.64%. As a group, analysts predict that Cimpress plc will post 3.69 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CFO Sean Edward Quinn purchased 5,000 shares of the company’s stock in a transaction dated Friday, March 14th. The stock was acquired at an average price of $41.50 per share, with a total value of $207,500.00. Following the purchase, the chief financial officer now directly owns 20,224 shares in the company, valued at approximately $839,296. This represents a 32.84 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 17.80% of the company’s stock.

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.