Rhumbline Advisers Purchases 232 Shares of Cimpress plc (NASDAQ:CMPR)

Rhumbline Advisers raised its holdings in shares of Cimpress plc (NASDAQ:CMPR) by 0.9% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 25,381 shares of the business services provider’s stock after acquiring an additional 232 shares during the quarter. Rhumbline Advisers owned approximately 0.10% of Cimpress worth $1,820,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the business. Janus Henderson Group PLC raised its stake in shares of Cimpress by 5.2% during the 3rd quarter. Janus Henderson Group PLC now owns 2,847,327 shares of the business services provider’s stock worth $233,253,000 after purchasing an additional 140,899 shares in the last quarter. Advantage Alpha Capital Partners LP bought a new stake in Cimpress in the 3rd quarter valued at $2,932,000. Connor Clark & Lunn Investment Management Ltd. grew its holdings in Cimpress by 42.8% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 98,322 shares of the business services provider’s stock valued at $8,055,000 after buying an additional 29,484 shares in the last quarter. Diamond Hill Capital Management Inc. increased its position in Cimpress by 6.3% during the 3rd quarter. Diamond Hill Capital Management Inc. now owns 450,253 shares of the business services provider’s stock worth $36,885,000 after buying an additional 26,727 shares during the period. Finally, Barclays PLC raised its stake in Cimpress by 70.3% in the 3rd quarter. Barclays PLC now owns 63,825 shares of the business services provider’s stock worth $5,229,000 after purchasing an additional 26,342 shares in the last quarter. 77.64% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

CMPR has been the subject of several recent analyst reports. StockNews.com upgraded shares of Cimpress from a “buy” rating to a “strong-buy” rating in a research note on Saturday, February 8th. Truist Financial reduced their target price on Cimpress from $110.00 to $87.00 and set a “buy” rating on the stock in a report on Friday, January 31st. Finally, Barrington Research restated an “outperform” rating and set a $119.00 price objective on shares of Cimpress in a research report on Wednesday, January 29th.

Cimpress Price Performance

NASDAQ:CMPR opened at $46.29 on Tuesday. The firm’s 50 day simple moving average is $63.92 and its 200 day simple moving average is $75.79. The company has a market cap of $1.16 billion, a PE ratio of 7.66, a P/E/G ratio of 0.50 and a beta of 2.08. Cimpress plc has a one year low of $45.61 and a one year high of $104.92.

Cimpress (NASDAQ:CMPR) last released its earnings results on Wednesday, January 29th. The business services provider reported $2.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.52 by ($0.16). Cimpress had a net margin of 4.75% and a negative return on equity of 27.64%. Equities research analysts expect that Cimpress plc will post 3.69 EPS for the current year.

Cimpress Company 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.