PNC Financial Services Group Inc. Acquires 995 Shares of Cimpress plc (NASDAQ:CMPR)

PNC Financial Services Group Inc. lifted its holdings in Cimpress plc (NASDAQ:CMPR) by 24.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,006 shares of the business services provider’s stock after purchasing an additional 995 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Cimpress were worth $359,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in CMPR. Janus Henderson Group PLC lifted its position in Cimpress by 5.2% during the 3rd quarter. Janus Henderson Group PLC now owns 2,847,327 shares of the business services provider’s stock worth $233,253,000 after buying an additional 140,899 shares in the last quarter. Hantz Financial Services Inc. increased its position in shares of Cimpress by 9.1% in the fourth quarter. Hantz Financial Services Inc. now owns 159,000 shares of the business services provider’s stock valued at $11,403,000 after acquiring an additional 13,297 shares during the last quarter. Hennessy Advisors Inc. raised its holdings in Cimpress by 6.9% during the fourth quarter. Hennessy Advisors Inc. now owns 110,400 shares of the business services provider’s stock worth $7,918,000 after acquiring an additional 7,100 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its position in 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 valued at $8,055,000 after purchasing an additional 29,484 shares during the last quarter. Finally, FMR LLC boosted its position in Cimpress by 26.5% during the third quarter. FMR LLC now owns 78,216 shares of the business services provider’s stock valued at $6,407,000 after purchasing an additional 16,380 shares during the last quarter. Institutional investors own 77.64% of the company’s stock.

Insider Buying and Selling

In other news, CFO Sean Edward Quinn acquired 5,000 shares of the stock in a transaction on Friday, March 14th. The shares were purchased at an average price of $41.50 per share, for a total transaction of $207,500.00. Following the transaction, the chief financial officer now directly owns 20,224 shares of the company’s stock, valued at approximately $839,296. This represents a 32.84 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 17.80% of the stock is currently owned by insiders.

Analyst Ratings Changes

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

Cimpress Stock Down 2.4 %

CMPR opened at $44.16 on Friday. Cimpress plc has a 12-month low of $41.24 and a 12-month high of $104.92. The business has a 50 day moving average of $56.80 and a 200-day moving average of $71.65. The stock has a market cap of $1.11 billion, a price-to-earnings ratio of 7.31, a PEG 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, analysts expect that Cimpress plc will post 3.69 earnings per share 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.