State Street Corp Sells 13,435 Shares of Cimpress plc (NASDAQ:CMPR)

State Street Corp lessened its holdings in shares of Cimpress plc (NASDAQ:CMPR) by 3.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 395,195 shares of the business services provider’s stock after selling 13,435 shares during the quarter. State Street Corp owned about 1.57% of Cimpress worth $32,374,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of CMPR. Sequoia Financial Advisors LLC purchased a new position in Cimpress in the 3rd quarter worth approximately $7,582,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Cimpress by 54.5% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 26,420 shares of the business services provider’s stock worth $2,164,000 after acquiring an additional 9,324 shares in the last quarter. Diamond Hill Capital Management Inc. increased its stake in Cimpress by 6.3% in the third quarter. Diamond Hill Capital Management Inc. now owns 450,253 shares of the business services provider’s stock valued at $36,885,000 after acquiring an additional 26,727 shares during the last quarter. Hussman Strategic Advisors Inc. purchased a new stake in Cimpress during the second quarter valued at about $2,208,000. Finally, Millennium Management LLC lifted its stake in Cimpress by 34.6% during the second 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. Hedge funds and other institutional investors own 77.64% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently commented on CMPR shares. Barrington Research reiterated an “outperform” rating and set a $119.00 price objective on shares of Cimpress in a research report on Friday. Truist Financial decreased their price target on shares of 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 cut shares of Cimpress from a “strong-buy” rating to a “buy” rating in a research note on Friday, November 8th.

Cimpress Trading Up 0.7 %

NASDAQ CMPR opened at $74.21 on Friday. The stock has a 50-day moving average of $78.85 and a 200-day moving average of $84.37. Cimpress plc has a 1-year low of $58.05 and a 1-year high of $104.92. The firm has a market cap of $1.87 billion, a PE ratio of 12.75, a price-to-earnings-growth ratio of 0.68 and a beta of 2.08.

Cimpress (NASDAQ:CMPR) last released its quarterly earnings data 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 for the quarter, compared to analysts’ expectations of $800.51 million. During the same period last year, the company posted $0.17 EPS. As a group, equities research analysts forecast 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.