Charles Schwab Investment Management Inc. Reduces Stock Holdings in Cimpress plc (NASDAQ:CMPR)

Charles Schwab Investment Management Inc. cut its holdings in Cimpress plc (NASDAQ:CMPR) by 7.2% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 242,948 shares of the business services provider’s stock after selling 18,906 shares during the period. Charles Schwab Investment Management Inc. owned about 0.97% of Cimpress worth $19,902,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in CMPR. Sequoia Financial Advisors LLC acquired a new position in shares of Cimpress in the third quarter worth $7,582,000. Diamond Hill Capital Management Inc. raised its stake 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 purchasing an additional 26,727 shares during the last quarter. Hussman Strategic Advisors Inc. purchased a new position in Cimpress in the 2nd quarter valued at about $2,208,000. Millennium Management LLC boosted its stake in shares of Cimpress by 34.6% during the 2nd quarter. Millennium Management LLC now owns 42,950 shares of the business services provider’s stock worth $3,763,000 after purchasing an additional 11,041 shares during the last quarter. Finally, Victory Capital Management Inc. grew its holdings 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 buying an additional 423 shares in the last quarter. 77.64% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

CMPR has been the topic of several recent analyst reports. Barrington Research upped their price objective on shares of Cimpress from $113.00 to $119.00 and gave the company an “outperform” rating in a research note on Tuesday, August 27th. Truist Financial reduced their price target on Cimpress from $120.00 to $110.00 and set a “buy” rating on the stock in a research note on Friday, November 1st. Finally, StockNews.com downgraded Cimpress from a “strong-buy” rating to a “buy” rating in a research report on Friday, November 8th.

Cimpress Stock Performance

CMPR opened at $80.01 on Friday. Cimpress plc has a 1 year low of $58.05 and a 1 year high of $104.92. The company’s 50 day simple moving average is $79.06 and its 200 day simple moving average is $84.57. The stock has a market capitalization of $2.01 billion, a PE ratio of 13.75, a P/E/G ratio of 0.70 and a beta of 2.08.

Cimpress (NASDAQ:CMPR) last announced its quarterly earnings data on Wednesday, October 30th. The business services provider reported ($0.50) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.30 by ($0.80). The company had revenue of $804.97 million for the quarter, compared to analysts’ expectations of $800.51 million. Cimpress had a net margin of 4.69% and a negative return on equity of 27.15%. During the same period in the prior year, the firm earned $0.17 earnings per share. As a group, sell-side analysts expect that Cimpress plc will post 4.27 earnings per share for the current fiscal year.

Cimpress 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.