Sei Investments Co. Has $4.83 Million Stake in Cimpress plc (NASDAQ:CMPR)

Sei Investments Co. raised its holdings in Cimpress plc (NASDAQ:CMPR) by 13.9% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 55,081 shares of the business services provider’s stock after purchasing an additional 6,732 shares during the quarter. Sei Investments Co. owned 0.22% of Cimpress worth $4,826,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Cimpress Price Performance

NASDAQ:CMPR opened at $82.58 on Wednesday. The firm has a market capitalization of $2.10 billion, a PE ratio of 25.49, a price-to-earnings-growth ratio of 0.69 and a beta of 2.04. The business’s fifty day moving average price is $87.93 and its 200 day moving average price is $88.00. Cimpress plc has a 12 month low of $57.01 and a 12 month high of $104.92.

Cimpress (NASDAQ:CMPR) last announced its quarterly earnings data on Wednesday, July 31st. The business services provider reported $4.33 EPS 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 firm had revenue of $832.61 million during the quarter, compared to the consensus estimate of $832.90 million. As a group, equities analysts anticipate that Cimpress plc will post 4.4 EPS for the current year.

Insider Activity

In other news, CEO Robert S. Keane sold 396 shares of the company’s stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $97.55, for a total value of $38,629.80. Following the sale, the chief executive officer now owns 986,785 shares in the company, valued at approximately $96,260,876.75. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, CEO Robert S. Keane sold 396 shares of the company’s stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $97.55, for a total value of $38,629.80. Following the completion of the sale, the chief executive officer now directly owns 986,785 shares of the company’s stock, valued at approximately $96,260,876.75. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Maarten Wensveen sold 1,317 shares of the stock in a transaction that occurred on 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 of the company’s stock, valued at $2,054,700. The disclosure for this sale can be found here. Insiders sold 71,116 shares of company stock valued at $7,019,606 in the last ninety days. Company insiders own 17.90% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on CMPR shares. Barrington Research upped their price objective on Cimpress from $113.00 to $119.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 27th. StockNews.com upgraded Cimpress from a “buy” rating to a “strong-buy” rating in a report on Thursday, August 1st. Finally, Truist Financial boosted their target price on Cimpress from $110.00 to $120.00 and gave the stock a “buy” rating in a research note on Friday, August 2nd.

Cimpress Company 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.