The Manufacturers Life Insurance Company Cuts Stock Holdings in Cimpress plc (NASDAQ:CMPR)

The Manufacturers Life Insurance Company lessened its position in Cimpress plc (NASDAQ:CMPR) by 5.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 9,865 shares of the business services provider’s stock after selling 518 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in Cimpress were worth $808,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Rhumbline Advisers boosted its position in Cimpress by 1.1% during the second quarter. Rhumbline Advisers now owns 27,106 shares of the business services provider’s stock worth $2,375,000 after acquiring an additional 308 shares during the last quarter. Victory Capital Management Inc. grew its position in shares of Cimpress by 14.8% in the third quarter. Victory Capital Management Inc. now owns 3,274 shares of the business services provider’s stock valued at $268,000 after purchasing an additional 423 shares in the last quarter. CWM LLC increased its holdings in shares of Cimpress by 51.4% in the third quarter. CWM LLC now owns 1,258 shares of the business services provider’s stock valued at $103,000 after purchasing an additional 427 shares during the last quarter. Mackenzie Financial Corp lifted its position in Cimpress by 20.1% during the second quarter. Mackenzie Financial Corp now owns 2,856 shares of the business services provider’s stock worth $250,000 after buying an additional 477 shares in the last quarter. Finally, Auxano Advisors LLC boosted its stake in Cimpress by 4.2% during the second quarter. Auxano Advisors LLC now owns 13,221 shares of the business services provider’s stock worth $1,158,000 after buying an additional 528 shares during the last quarter. 77.64% of the stock is owned by institutional investors and hedge funds.

Cimpress Trading Down 0.8 %

NASDAQ CMPR opened at $82.05 on Friday. The stock has a fifty day simple moving average of $79.25 and a 200-day simple moving average of $84.59. The stock has a market cap of $2.06 billion, a PE ratio of 14.10, a P/E/G ratio of 0.72 and a beta of 2.08. Cimpress plc has a twelve month low of $58.05 and a twelve month high of $104.92.

Cimpress (NASDAQ:CMPR) last posted its earnings results on Wednesday, October 30th. The business services provider reported ($0.50) EPS for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.80). Cimpress had a net margin of 4.69% and a negative return on equity of 27.15%. The company had revenue of $804.97 million during the quarter, compared to analyst estimates of $800.51 million. During the same period in the previous year, the company earned $0.17 EPS. Research analysts predict that Cimpress plc will post 4.27 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on CMPR shares. Barrington Research lifted 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. StockNews.com cut shares of Cimpress from a “strong-buy” rating to a “buy” rating in a research report on Friday, November 8th. Finally, Truist Financial decreased their target price on shares of Cimpress from $120.00 to $110.00 and set a “buy” rating on the stock in a report on Friday, November 1st.

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.