Wasatch Advisors LP Purchases Shares of 467,499 Cimpress plc $CMPR

Wasatch Advisors LP bought a new stake in Cimpress plc (NASDAQ:CMPR) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 467,499 shares of the business services provider’s stock, valued at approximately $47,545,000.

A number of other large investors have also recently bought and sold shares of CMPR. Amundi increased its position in Cimpress by 73.5% during the first quarter. Amundi now owns 7,385 shares of the business services provider’s stock worth $328,000 after buying an additional 3,129 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of 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 worth $452,000 after acquiring an additional 282 shares during the last quarter. Legal & General Group Plc lifted its position in shares of Cimpress by 4.2% in the second quarter. Legal & General Group Plc now owns 18,483 shares of the business services provider’s stock valued at $869,000 after acquiring an additional 751 shares in the last quarter. Prudential Financial Inc. purchased a new stake in shares of Cimpress in the second quarter valued at $211,000. Finally, Hsbc Holdings PLC boosted its stake in shares of Cimpress by 15.3% during the second quarter. Hsbc Holdings PLC now owns 11,218 shares of the business services provider’s stock valued at $520,000 after acquiring an additional 1,492 shares during the last quarter. Institutional investors and hedge funds own 77.64% of the company’s stock.

Cimpress Stock Up 0.8%

CMPR stock opened at $95.38 on Wednesday. Cimpress plc has a 52-week low of $54.34 and a 52-week high of $106.57. The stock’s fifty day simple moving average is $95.58 and its 200-day simple moving average is $85.63. The stock has a market capitalization of $2.32 billion, a price-to-earnings ratio of 25.30 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 business had revenue of $944.96 million during the quarter, compared to analyst estimates of $945.53 million. As a group, analysts anticipate that Cimpress plc will post 4.51 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Cimpress news, EVP Sean Edward Quinn sold 5,009 shares of Cimpress stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of $104.22, for a total value of $522,037.98. Following the completion of the sale, the executive vice president owned 28,937 shares in the company, valued at $3,015,814.14. The trade was a 14.76% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 10.20% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on CMPR. Weiss Ratings reiterated a “hold (c)” rating on shares of Cimpress in a research report on Friday, July 24th. Wall Street Zen lowered shares of Cimpress from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 1st. Zacks Research raised shares of Cimpress from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, June 2nd. Truist Financial lowered their price target on shares of Cimpress from $110.00 to $108.00 and set a “buy” rating for the company in a report on Friday, July 31st. Finally, Barrington Research set a $121.00 price objective on shares of Cimpress in a research report on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $114.50.

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.