Victory Capital Management Inc. Has $268,000 Stock Holdings in Cimpress plc (NASDAQ:CMPR)

Victory Capital Management Inc. grew its holdings in Cimpress plc (NASDAQ:CMPR) by 14.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,274 shares of the business services provider’s stock after purchasing an additional 423 shares during the quarter. Victory Capital Management Inc.’s holdings in Cimpress were worth $268,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Versor Investments LP acquired a new position in shares of Cimpress in the 3rd quarter valued at about $406,000. Diamond Hill Capital Management Inc. increased its position in Cimpress by 6.3% in the 3rd quarter. Diamond Hill Capital Management Inc. now owns 450,253 shares of the business services provider’s stock valued at $36,885,000 after buying an additional 26,727 shares in the last quarter. Sequoia Financial Advisors LLC bought a new stake in Cimpress in the 3rd quarter valued at about $7,582,000. CWM LLC increased its position in Cimpress by 51.4% in the 3rd quarter. CWM LLC now owns 1,258 shares of the business services provider’s stock valued at $103,000 after buying an additional 427 shares in the last quarter. Finally, Diversified Trust Co increased its position in Cimpress by 54.0% in the 3rd quarter. Diversified Trust Co now owns 4,840 shares of the business services provider’s stock valued at $396,000 after buying an additional 1,697 shares in the last quarter. 77.64% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts recently commented on CMPR shares. StockNews.com lowered Cimpress from a “strong-buy” rating to a “buy” rating in a research report on Friday, November 8th. Truist Financial decreased their target price on Cimpress from $120.00 to $110.00 and set a “buy” rating for the company in a research report on Friday, November 1st. Finally, Barrington Research boosted their target price on Cimpress from $113.00 to $119.00 and gave the company an “outperform” rating in a research report on Tuesday, August 27th.

Insider Buying and Selling

In related news, CEO Robert S. Keane sold 396 shares of Cimpress stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $97.55, for a total transaction of $38,629.80. Following the sale, the chief executive officer now directly owns 986,785 shares in the company, valued at approximately $96,260,876.75. This trade represents a 0.04 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 17.80% of the stock is currently owned by corporate insiders.

Cimpress Stock Down 0.2 %

CMPR stock opened at $80.30 on Friday. Cimpress plc has a twelve month low of $58.05 and a twelve month high of $104.92. The stock’s 50 day moving average is $79.38 and its 200-day moving average is $84.77. The firm has a market capitalization of $2.02 billion, a PE ratio of 13.80, a P/E/G ratio of 0.70 and a beta of 2.05.

Cimpress (NASDAQ:CMPR) last posted its earnings results on Wednesday, October 30th. The business services provider reported ($0.50) earnings per share 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 the consensus estimate of $800.51 million. During the same quarter in the prior year, the business earned $0.17 EPS. On average, equities research analysts anticipate that Cimpress plc will post 4.27 earnings per share for the current fiscal 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.