Charles Schwab Investment Management Inc. Has $15.67 Million Stake in Cimpress plc (NASDAQ:CMPR)

Charles Schwab Investment Management Inc. decreased its stake in Cimpress plc (NASDAQ:CMPR) by 10.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 218,497 shares of the business services provider’s stock after selling 24,451 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.87% of Cimpress worth $15,671,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in CMPR. Victory Capital Management Inc. raised its position in shares of Cimpress by 14.8% during the third quarter. Victory Capital Management Inc. now owns 3,274 shares of the business services provider’s stock worth $268,000 after purchasing an additional 423 shares during the period. Meeder Asset Management Inc. acquired a new stake in shares of Cimpress during the third quarter worth about $130,000. Connor Clark & Lunn Investment Management Ltd. raised its position in shares of Cimpress by 42.8% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 98,322 shares of the business services provider’s stock worth $8,055,000 after purchasing an additional 29,484 shares during the period. Moran Wealth Management LLC raised its position in shares of Cimpress by 35.4% during the third quarter. Moran Wealth Management LLC now owns 6,302 shares of the business services provider’s stock worth $516,000 after purchasing an additional 1,649 shares during the period. Finally, Intech Investment Management LLC acquired a new stake in shares of Cimpress during the third quarter worth about $477,000. Institutional investors and hedge funds own 77.64% of the company’s stock.

Cimpress Stock Performance

Shares of Cimpress stock opened at $44.16 on Friday. The business’s 50 day simple moving average is $56.80 and its 200 day simple moving average is $71.65. Cimpress plc has a 52-week low of $41.24 and a 52-week high of $104.92. The firm has a market cap of $1.11 billion, a PE ratio of 7.31, a P/E/G ratio of 0.50 and a beta of 2.22.

Cimpress (NASDAQ:CMPR) last posted its quarterly earnings results on Wednesday, January 29th. The business services provider reported $2.36 earnings per share for the quarter, missing analysts’ consensus estimates of $2.52 by ($0.16). Cimpress had a net margin of 4.75% and a negative return on equity of 27.64%. As a group, equities research analysts predict that Cimpress plc will post 3.69 EPS for the current year.

Insider Buying and Selling at Cimpress

In other Cimpress news, CFO Sean Edward Quinn bought 5,000 shares of Cimpress stock in a transaction dated Friday, March 14th. The stock was bought at an average cost of $41.50 per share, for a total transaction of $207,500.00. Following the purchase, the chief financial officer now owns 20,224 shares of the company’s stock, valued at $839,296. The trade was a 32.84 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 17.80% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on CMPR shares. StockNews.com raised Cimpress from a “buy” rating to a “strong-buy” rating in a research report on Saturday, February 8th. Barrington Research reissued an “outperform” rating and issued a $119.00 target price on shares of Cimpress in a research report on Wednesday, January 29th. Finally, Truist Financial dropped their target price on Cimpress from $110.00 to $87.00 and set a “buy” rating on the stock in a research report on Friday, January 31st.

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.