Victory Capital Management Inc. Takes Position in Cimpress plc (NASDAQ:CMPR)

Victory Capital Management Inc. acquired a new stake in Cimpress plc (NASDAQ:CMPR) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 2,851 shares of the business services provider’s stock, valued at approximately $250,000.

A number of other large investors also recently modified their holdings of CMPR. CWM LLC grew its position in shares of 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 purchasing an additional 519 shares in the last quarter. Principal Financial Group Inc. purchased a new stake in shares of Cimpress during the 1st quarter valued at $200,000. Legacy Capital Group California Inc. purchased a new position in Cimpress in the second quarter worth $202,000. Olympiad Research LP bought a new position in Cimpress in the fourth quarter valued at $212,000. Finally, GM Advisory Group LLC purchased a new stake in Cimpress during the first quarter valued at about $239,000. 77.64% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on CMPR. StockNews.com upgraded Cimpress from a “buy” rating to a “strong-buy” rating in a report on Thursday, August 1st. Barrington Research lifted 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, Truist Financial upped their price objective on shares of Cimpress from $110.00 to $120.00 and gave the company a “buy” rating in a research note on Friday, August 2nd.

Insider Activity at Cimpress

In related news, CEO Florian Baumgartner sold 4,034 shares of the business’s stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $86.40, for a total transaction of $348,537.60. Following the sale, the chief executive officer now owns 19,550 shares of the company’s stock, valued at $1,689,120. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CEO Florian Baumgartner sold 4,034 shares of the company’s stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $86.40, for a total value of $348,537.60. Following the transaction, the chief executive officer now owns 19,550 shares in the company, valued at approximately $1,689,120. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Maarten Wensveen sold 1,317 shares of the stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of $90.00, for a total transaction of $118,530.00. Following the sale, the executive vice president now directly owns 22,830 shares in the company, valued at $2,054,700. The disclosure for this sale can be found here. Insiders have sold 75,150 shares of company stock worth $7,368,144 over the last 90 days. 17.90% of the stock is owned by company insiders.

Cimpress Price Performance

CMPR opened at $85.35 on Tuesday. The stock’s 50 day simple moving average is $89.25 and its 200 day simple moving average is $88.26. The firm has a market cap of $2.17 billion, a price-to-earnings ratio of 26.34, a PEG ratio of 0.69 and a beta of 2.04. Cimpress plc has a 1 year low of $57.01 and a 1 year high of $104.92.

Cimpress (NASDAQ:CMPR) last issued its earnings results on Wednesday, July 31st. The business services provider reported $4.33 EPS for the quarter, topping the consensus estimate of $0.77 by $3.56. The company 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%. As a group, sell-side analysts anticipate that Cimpress plc will post 4.4 EPS for the current year.

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.