Geode Capital Management LLC Sells 23,872 Shares of Cimpress plc (NASDAQ:CMPR)

Geode Capital Management LLC lessened its holdings in shares of Cimpress plc (NASDAQ:CMPR) by 5.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 397,518 shares of the business services provider’s stock after selling 23,872 shares during the quarter. Geode Capital Management LLC owned about 1.58% of Cimpress worth $32,570,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in CMPR. Public Employees Retirement System of Ohio bought a new stake in shares of Cimpress in the third quarter worth about $29,000. CWM LLC grew its holdings in Cimpress by 51.4% during 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. Quarry LP bought a new stake in Cimpress in the 3rd quarter worth approximately $111,000. Point72 Asset Management L.P. purchased a new stake in shares of Cimpress during the 3rd quarter worth approximately $115,000. Finally, Meeder Asset Management Inc. purchased a new position in shares of Cimpress in the third quarter valued at $130,000. 77.64% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on CMPR. 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. StockNews.com lowered Cimpress from a “strong-buy” rating to a “buy” rating in a research report on Friday, November 8th. Finally, Barrington Research restated an “outperform” rating and set a $119.00 price objective on shares of Cimpress in a research report on Friday, December 20th.

Cimpress Trading Up 0.7 %

Cimpress stock opened at $73.88 on Thursday. Cimpress plc has a 12-month low of $58.05 and a 12-month high of $104.92. The firm has a 50-day moving average price of $78.41 and a 200-day moving average price of $84.08. The firm has a market capitalization of $1.86 billion, a PE ratio of 12.69, a price-to-earnings-growth ratio of 0.68 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 firm had revenue of $804.97 million during the quarter, compared to the consensus estimate of $800.51 million. Cimpress had a negative return on equity of 27.15% and a net margin of 4.69%. During the same period in the previous year, the business earned $0.17 EPS. As a group, sell-side analysts predict 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.