Harbor Capital Advisors Inc. Sells 1,878 Shares of Cimpress plc (NASDAQ:CMPR)

Harbor Capital Advisors Inc. reduced its holdings in Cimpress plc (NASDAQ:CMPR) by 19.9% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 7,562 shares of the business services provider’s stock after selling 1,878 shares during the quarter. Harbor Capital Advisors Inc.’s holdings in Cimpress were worth $542,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of CMPR. Janus Henderson Group PLC increased its holdings in Cimpress by 5.2% in the third quarter. Janus Henderson Group PLC now owns 2,847,327 shares of the business services provider’s stock valued at $233,253,000 after purchasing an additional 140,899 shares during the period. Marshall Wace LLP grew its position in shares of Cimpress by 649.8% in the 2nd quarter. Marshall Wace LLP now owns 107,350 shares of the business services provider’s stock valued at $9,405,000 after buying an additional 93,033 shares during the last quarter. Sequoia Financial Advisors LLC acquired a new stake in shares of Cimpress in the third quarter valued at about $7,582,000. Advantage Alpha Capital Partners LP bought a new position in shares of Cimpress during the third quarter worth about $2,932,000. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its stake in shares of Cimpress by 42.8% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 98,322 shares of the business services provider’s stock worth $8,055,000 after acquiring an additional 29,484 shares during the period. Institutional investors own 77.64% of the company’s stock.

Cimpress Price Performance

NASDAQ CMPR opened at $71.41 on Wednesday. Cimpress plc has a one year low of $58.05 and a one year high of $104.92. The business has a 50 day simple moving average of $77.18 and a 200 day simple moving average of $82.81. The stock has a market capitalization of $1.80 billion, a P/E ratio of 12.27, a P/E/G ratio of 0.68 and a beta of 2.09.

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

Analyst Upgrades and Downgrades

A number of research firms have weighed in on CMPR. StockNews.com downgraded shares of Cimpress from a “strong-buy” rating to a “buy” rating in a research report on Thursday, January 9th. Truist Financial decreased their price objective on shares of 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 restated an “outperform” rating and issued a $119.00 target price on shares of Cimpress in a report on Friday, December 20th.

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.