Daiwa Securities Group Inc. Cuts Stake in Cimpress plc (NASDAQ:CMPR)

Daiwa Securities Group Inc. lowered its stake in shares of Cimpress plc (NASDAQ:CMPR) by 7.2% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,422 shares of the business services provider’s stock after selling 421 shares during the period. Daiwa Securities Group Inc.’s holdings in Cimpress were worth $475,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. ProShare Advisors LLC boosted its stake in Cimpress by 8.6% during the first quarter. ProShare Advisors LLC now owns 3,238 shares of the business services provider’s stock worth $287,000 after buying an additional 257 shares during the last quarter. Swiss National Bank lifted its stake in shares of Cimpress by 0.9% in the 1st quarter. Swiss National Bank now owns 34,100 shares of the business services provider’s stock valued at $3,018,000 after purchasing an additional 300 shares during the last quarter. Rhumbline Advisers lifted its stake in shares of Cimpress by 1.1% in the 2nd quarter. Rhumbline Advisers now owns 27,106 shares of the business services provider’s stock valued at $2,375,000 after purchasing an additional 308 shares during the last quarter. CWM LLC lifted its stake in Cimpress by 166.3% during the 2nd quarter. CWM LLC now owns 831 shares of the business services provider’s stock worth $73,000 after acquiring an additional 519 shares in the last quarter. Finally, Auxano Advisors LLC lifted its stake in Cimpress by 4.2% during the 2nd quarter. Auxano Advisors LLC now owns 13,221 shares of the business services provider’s stock worth $1,158,000 after acquiring an additional 528 shares in the last quarter. Hedge funds and other institutional investors own 77.64% of the company’s stock.

Cimpress Trading Down 0.3 %

Cimpress stock opened at $82.37 on Tuesday. Cimpress plc has a twelve month low of $57.01 and a twelve month high of $104.92. The stock has a 50 day moving average of $89.84 and a two-hundred day moving average of $88.61. The stock has a market capitalization of $2.10 billion, a price-to-earnings ratio of 25.42, a PEG ratio of 0.67 and a beta of 2.04.

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. Cimpress had a negative return on equity of 29.56% and a net margin of 5.28%. The company had revenue of $832.61 million during the quarter, compared to analysts’ expectations of $832.90 million. Equities analysts predict that Cimpress plc will post 4.4 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. StockNews.com raised Cimpress from a “buy” rating to a “strong-buy” rating in a research note on Thursday, August 1st. Barrington Research upped their price target on Cimpress from $113.00 to $119.00 and gave the stock an “outperform” rating in a report on Tuesday, August 27th. Finally, Truist Financial increased their price objective on Cimpress from $110.00 to $120.00 and gave the company a “buy” rating in a report on Friday, August 2nd.

Insider Activity

In other news, CFO Sean Edward Quinn sold 24,093 shares of the firm’s stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $98.48, for a total value of $2,372,678.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, CFO Sean Edward Quinn sold 24,093 shares of Cimpress stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $98.48, for a total transaction of $2,372,678.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Florian Baumgartner sold 4,034 shares of the firm’s stock in a transaction on Monday, July 1st. The stock was sold at an average price of $86.40, for a total value of $348,537.60. Following the transaction, the chief executive officer now directly owns 19,550 shares of the company’s stock, valued at approximately $1,689,120. The disclosure for this sale can be found here. Insiders sold 75,150 shares of company stock valued at $7,368,144 in the last three months. 17.90% of the stock is currently owned by company insiders.

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.