Cimpress plc (NASDAQ:CMPR) Shares Sold by Ingalls & Snyder LLC

Ingalls & Snyder LLC decreased its position in shares of Cimpress plc (NASDAQ:CMPR) by 8.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 84,460 shares of the business services provider’s stock after selling 7,355 shares during the period. Ingalls & Snyder LLC’s holdings in Cimpress were worth $6,057,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Janus Henderson Group PLC raised its stake in 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 valued at $233,253,000 after purchasing an additional 140,899 shares during the last quarter. Sequoia Financial Advisors LLC acquired a new stake in shares of Cimpress during the 3rd quarter worth about $7,582,000. Advantage Alpha Capital Partners LP acquired a new position in shares of Cimpress in the 3rd quarter worth approximately $2,932,000. Connor Clark & Lunn Investment Management Ltd. increased 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 valued at $8,055,000 after buying an additional 29,484 shares in the last quarter. Finally, Diamond Hill Capital Management Inc. grew its holdings 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 acquiring an additional 26,727 shares during the last quarter. 77.64% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on CMPR shares. StockNews.com upgraded Cimpress from a “buy” rating to a “strong-buy” rating in a report on Saturday, February 8th. Truist Financial cut their price objective 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 reaffirmed an “outperform” rating and issued a $119.00 price objective on shares of Cimpress in a research report on Wednesday, January 29th.

Cimpress Trading Down 5.3 %

CMPR stock opened at $52.42 on Thursday. Cimpress plc has a 12 month low of $52.09 and a 12 month high of $104.92. The stock has a market capitalization of $1.32 billion, a P/E ratio of 8.68, a price-to-earnings-growth ratio of 0.58 and a beta of 2.08. The firm has a 50-day moving average price of $71.42 and a 200-day moving average price of $79.21.

Cimpress (NASDAQ:CMPR) last released its quarterly 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, equities analysts predict that Cimpress plc will post 3.7 EPS for the current fiscal 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.