Optimist Retirement Group LLC Acquires Shares of 2,333 Cimpress plc (NASDAQ:CMPR)

Optimist Retirement Group LLC acquired a new stake in shares of Cimpress plc (NASDAQ:CMPR) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 2,333 shares of the business services provider’s stock, valued at approximately $204,000.

Several other hedge funds and other institutional investors have also made changes to their positions in CMPR. Dimensional Fund Advisors LP raised its stake in shares of Cimpress by 1.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 485,989 shares of the business services provider’s stock valued at $38,905,000 after acquiring an additional 6,902 shares during the period. Norges Bank purchased a new stake in shares of Cimpress in the fourth quarter valued at $9,433,000. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Cimpress in the fourth quarter valued at $720,000. Trexquant Investment LP purchased a new stake in shares of Cimpress in the fourth quarter valued at $261,000. Finally, Advisory Services Network LLC purchased a new stake in shares of Cimpress in the fourth quarter valued at $216,000. Hedge funds and other institutional investors own 77.64% of the company’s stock.

Cimpress Stock Performance

NASDAQ CMPR opened at $84.44 on Thursday. The company has a market capitalization of $2.12 billion, a price-to-earnings ratio of 26.15, a price-to-earnings-growth ratio of 0.69 and a beta of 2.04. The company’s 50-day simple moving average is $89.71 and its two-hundred day simple moving average is $88.49. Cimpress plc has a one year low of $57.01 and a one year high of $104.92.

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

Insider Buying and Selling at Cimpress

In other news, CEO Robert S. Keane sold 45,310 shares of Cimpress stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $99.09, for a total value of $4,489,767.90. Following the transaction, the chief executive officer now owns 1,012,890 shares of the company’s stock, valued at approximately $100,367,270.10. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, CFO Sean Edward Quinn sold 24,093 shares of Cimpress stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $98.48, for a total value of $2,372,678.64. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Robert S. Keane sold 45,310 shares of Cimpress stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $99.09, for a total transaction of $4,489,767.90. Following the completion of the transaction, the chief executive officer now directly owns 1,012,890 shares in the company, valued at approximately $100,367,270.10. The disclosure for this sale can be found here. In the last quarter, insiders have sold 75,150 shares of company stock valued at $7,368,144. Company insiders own 17.90% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Cimpress Company 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.