ProShare Advisors LLC Sells 825 Shares of Cimpress plc (NASDAQ:CMPR)

ProShare Advisors LLC lessened its stake in Cimpress plc (NASDAQ:CMPR) by 25.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,413 shares of the business services provider’s stock after selling 825 shares during the quarter. ProShare Advisors LLC’s holdings in Cimpress were worth $211,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. boosted its position in Cimpress by 5.3% during the first quarter. Vanguard Group Inc. now owns 1,812,047 shares of the business services provider’s stock worth $160,384,000 after purchasing an additional 91,543 shares during the period. Dimensional Fund Advisors LP grew its stake in Cimpress by 0.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 512,613 shares of the business services provider’s stock valued at $44,909,000 after buying an additional 4,441 shares in the last quarter. Diamond Hill Capital Management Inc. raised its holdings in Cimpress by 15.7% during the 2nd quarter. Diamond Hill Capital Management Inc. now owns 423,526 shares of the business services provider’s stock valued at $37,105,000 after acquiring an additional 57,427 shares during the period. Acadian Asset Management LLC lifted its position in shares of Cimpress by 11.0% during the second quarter. Acadian Asset Management LLC now owns 397,170 shares of the business services provider’s stock worth $34,776,000 after acquiring an additional 39,438 shares in the last quarter. Finally, Lazard Asset Management LLC boosted its holdings in shares of Cimpress by 9,821.4% in the first quarter. Lazard Asset Management LLC now owns 156,361 shares of the business services provider’s stock worth $13,838,000 after acquiring an additional 154,785 shares during the period. Hedge funds and other institutional investors own 77.64% of the company’s stock.

Insider Activity

In related news, CEO Robert S. Keane sold 45,310 shares of the company’s stock in a transaction 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 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 trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Cimpress news, CEO Robert S. Keane sold 45,310 shares of the firm’s stock in a transaction dated 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 sale, the chief executive officer now owns 1,012,890 shares in the company, valued at $100,367,270.10. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Robert S. Keane sold 396 shares of the company’s stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $97.55, for a total value of $38,629.80. Following the completion of the transaction, the chief executive officer now owns 986,785 shares of the company’s stock, valued at $96,260,876.75. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 71,116 shares of company stock worth $7,019,606. 17.90% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

CMPR has been the topic of a number of recent research reports. StockNews.com raised Cimpress from a “buy” rating to a “strong-buy” rating in a report on Thursday, August 1st. Barrington Research boosted their price objective on shares of Cimpress from $113.00 to $119.00 and gave the company an “outperform” rating in a research note on Tuesday, August 27th. Finally, Truist Financial increased their target price 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.

Cimpress Stock Up 3.8 %

Shares of NASDAQ CMPR opened at $80.31 on Friday. The stock’s 50-day simple moving average is $87.29 and its two-hundred day simple moving average is $87.82. Cimpress plc has a twelve month low of $57.01 and a twelve month high of $104.92. The firm has a market capitalization of $2.04 billion, a P/E ratio of 24.79, a P/E/G ratio of 0.67 and a beta of 2.03.

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

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.