Hsbc Holdings PLC Boosts Holdings in Cimpress plc (NASDAQ:CMPR)

Hsbc Holdings PLC raised its stake in shares of Cimpress plc (NASDAQ:CMPR) by 64.7% in the second quarter, HoldingsChannel reports. The institutional investor owned 5,187 shares of the business services provider’s stock after acquiring an additional 2,038 shares during the period. Hsbc Holdings PLC’s holdings in Cimpress were worth $451,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. CWM LLC grew its holdings in Cimpress by 166.3% during the 2nd quarter. CWM LLC now owns 831 shares of the business services provider’s stock valued at $73,000 after buying an additional 519 shares in the last quarter. Principal Financial Group Inc. purchased a new position in shares of Cimpress in the first quarter valued at $200,000. Legacy Capital Group California Inc. bought a new stake in Cimpress in the second quarter worth $202,000. Advisory Services Network LLC purchased a new stake in Cimpress during the fourth quarter valued at $216,000. Finally, GM Advisory Group LLC bought a new position in Cimpress during the first quarter valued at $239,000. Institutional investors own 77.64% of the company’s stock.

Cimpress Stock Up 0.8 %

CMPR stock opened at $82.58 on Wednesday. Cimpress plc has a twelve month low of $57.01 and a twelve month high of $104.92. The stock has a market capitalization of $2.10 billion, a price-to-earnings ratio of 25.49, a price-to-earnings-growth ratio of 0.69 and a beta of 2.04. The firm’s fifty day simple moving average is $87.93 and its two-hundred day simple moving average is $88.00.

Cimpress (NASDAQ:CMPR) last posted its quarterly earnings data on Wednesday, July 31st. The business services provider reported $4.33 earnings per share for the quarter, topping analysts’ consensus estimates of $0.77 by $3.56. The company had revenue of $832.61 million for the quarter, compared to analyst estimates of $832.90 million. Cimpress had a net margin of 5.28% and a negative return on equity of 29.56%. As a group, equities research analysts expect that Cimpress plc will post 4.4 EPS for the current year.

Analyst Ratings Changes

A number of analysts have recently weighed in on CMPR shares. Barrington Research boosted their target price on shares of Cimpress from $113.00 to $119.00 and gave the stock an “outperform” rating in a report on Tuesday, August 27th. StockNews.com raised Cimpress from a “buy” rating to a “strong-buy” rating in a research note on Thursday, August 1st. Finally, Truist Financial raised their price objective on Cimpress from $110.00 to $120.00 and gave the company a “buy” rating in a research note on Friday, August 2nd.

Insider Transactions at Cimpress

In related news, EVP Maarten Wensveen sold 1,317 shares of the firm’s stock in a transaction that occurred on Thursday, August 22nd. The stock was sold at an average price of $90.00, for a total transaction of $118,530.00. Following the completion of the sale, the executive vice president now directly owns 22,830 shares of the company’s stock, valued at approximately $2,054,700. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, EVP Maarten Wensveen sold 1,317 shares of the firm’s stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of $90.00, for a total value of $118,530.00. Following the transaction, the executive vice president now owns 22,830 shares of the company’s stock, valued at approximately $2,054,700. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Robert S. Keane sold 396 shares of Cimpress stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $97.55, for a total transaction of $38,629.80. Following the sale, the chief executive officer now owns 986,785 shares of the company’s stock, valued at approximately $96,260,876.75. The disclosure for this sale can be found here. Over the last three months, insiders have sold 71,116 shares of company stock worth $7,019,606. 17.90% of the stock is currently owned by company insiders.

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.