Sei Investments Co. Buys 5,117 Shares of Cimpress plc $CMPR

Sei Investments Co. lifted its stake in shares of Cimpress plc (NASDAQ:CMPR) by 8.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 66,431 shares of the business services provider’s stock after purchasing an additional 5,117 shares during the period. Sei Investments Co. owned approximately 0.27% of Cimpress worth $4,849,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the stock. KBC Group NV acquired a new position in shares of Cimpress during the first quarter valued at $30,000. Allworth Financial LP boosted its stake in Cimpress by 250.0% during the 3rd quarter. Allworth Financial LP now owns 518 shares of the business services provider’s stock worth $33,000 after acquiring an additional 370 shares during the last quarter. Headlands Technologies LLC grew its holdings in Cimpress by 32.3% during the second quarter. Headlands Technologies LLC now owns 986 shares of the business services provider’s stock valued at $46,000 after purchasing an additional 241 shares during the period. Raymond James Financial Inc. bought a new stake in Cimpress in the second quarter valued at approximately $51,000. Finally, Quarry LP acquired a new stake in Cimpress in the third quarter worth $55,000. 77.64% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the stock. Truist Financial lowered their price objective on shares of Cimpress from $110.00 to $108.00 and set a “buy” rating for the company in a research report on Friday, July 31st. Weiss Ratings restated a “hold (c)” rating on shares of Cimpress in a report on Friday, July 24th. Wall Street Zen lowered Cimpress from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 1st. Barrington Research boosted their price objective on Cimpress from $95.00 to $113.00 and gave the company an “outperform” rating in a research report on Wednesday, May 6th. Finally, Zacks Research upgraded shares of Cimpress from a “hold” rating to a “strong-buy” rating in a report on Tuesday, June 2nd. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of $110.50.

Cimpress Stock Performance

NASDAQ:CMPR opened at $100.71 on Thursday. The stock has a 50-day simple moving average of $95.83 and a 200 day simple moving average of $85.17. Cimpress plc has a 52-week low of $54.23 and a 52-week high of $106.57. The company has a market cap of $2.44 billion, a PE ratio of 26.71 and a beta of 1.80.

Cimpress (NASDAQ:CMPR) last released its earnings results on Wednesday, July 29th. The business services provider reported $0.97 EPS for the quarter, missing the consensus estimate of $1.22 by ($0.25). Cimpress had a net margin of 2.57% and a negative return on equity of 18.24%. The firm had revenue of $944.96 million during the quarter, compared to the consensus estimate of $945.53 million. On average, research analysts predict that Cimpress plc will post 4.51 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, EVP Sean Edward Quinn sold 22,980 shares of the stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $104.61, for a total transaction of $2,403,937.80. Following the completion of the transaction, the executive vice president owned 28,937 shares in the company, valued at approximately $3,027,099.57. This represents a 44.26% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 10.20% of the company’s stock.

Cimpress Profile

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.