Bank of New York Mellon Corp Buys 14,735 Shares of Cimpress plc (NASDAQ:CMPR)

Bank of New York Mellon Corp boosted its stake in Cimpress plc (NASDAQ:CMPR) by 27.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 68,505 shares of the business services provider’s stock after purchasing an additional 14,735 shares during the quarter. Bank of New York Mellon Corp owned about 0.27% of Cimpress worth $4,913,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also bought and sold shares of the company. Handelsbanken Fonder AB increased its holdings in shares of Cimpress by 6.4% in the 4th quarter. Handelsbanken Fonder AB now owns 6,696 shares of the business services provider’s stock worth $480,000 after buying an additional 400 shares during the last quarter. New York State Common Retirement Fund increased its stake in Cimpress by 203.5% in the fourth quarter. New York State Common Retirement Fund now owns 17,152 shares of the business services provider’s stock valued at $1,230,000 after acquiring an additional 11,500 shares during the last quarter. Rhumbline Advisers increased its stake in Cimpress by 0.9% in the fourth quarter. Rhumbline Advisers now owns 25,381 shares of the business services provider’s stock valued at $1,820,000 after acquiring an additional 232 shares during the last quarter. Hantz Financial Services Inc. raised its position in Cimpress by 9.1% during the fourth quarter. Hantz Financial Services Inc. now owns 159,000 shares of the business services provider’s stock valued at $11,403,000 after purchasing an additional 13,297 shares in the last quarter. Finally, SG Americas Securities LLC lifted its stake in Cimpress by 118.8% during the fourth quarter. SG Americas Securities LLC now owns 7,847 shares of the business services provider’s stock worth $563,000 after purchasing an additional 4,261 shares during the last quarter. 77.64% of the stock is currently owned by institutional investors.

Cimpress Price Performance

CMPR opened at $45.06 on Tuesday. The stock’s 50 day simple moving average is $58.31 and its 200 day simple moving average is $72.41. The firm has a market cap of $1.13 billion, a price-to-earnings ratio of 7.46, a PEG ratio of 0.50 and a beta of 2.22. Cimpress plc has a 1 year low of $41.24 and a 1 year high of $104.92.

Cimpress (NASDAQ:CMPR) last issued 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 negative return on equity of 27.64% and a net margin of 4.75%. As a group, sell-side analysts anticipate that Cimpress plc will post 3.69 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts have commented on CMPR shares. Barrington Research reiterated an “outperform” rating and set a $119.00 price target on shares of Cimpress in a research report on Wednesday, January 29th. StockNews.com raised shares of Cimpress from a “buy” rating to a “strong-buy” rating in a report on Saturday, February 8th. Finally, Truist Financial decreased their target price on shares of Cimpress from $110.00 to $87.00 and set a “buy” rating on the stock in a research report on Friday, January 31st.

Insider Buying and Selling at Cimpress

In other Cimpress news, CFO Sean Edward Quinn bought 5,000 shares of Cimpress stock in a transaction dated Friday, March 14th. The shares were purchased at an average cost of $41.50 per share, with a total value of $207,500.00. Following the completion of the purchase, the chief financial officer now owns 20,224 shares of the company’s stock, valued at approximately $839,296. This represents a 32.84 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 17.80% of the company’s stock.

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.