Cimpress plc (NASDAQ:CMPR) Shares Sold by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC decreased its holdings in Cimpress plc (NASDAQ:CMPR) by 18.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 84,038 shares of the business services provider’s stock after selling 19,354 shares during the quarter. Allspring Global Investments Holdings LLC owned 0.32% of Cimpress worth $6,727,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the business. SG Americas Securities LLC raised its holdings in Cimpress by 673.6% in the 4th quarter. SG Americas Securities LLC now owns 31,796 shares of the business services provider’s stock worth $2,545,000 after purchasing an additional 27,686 shares during the period. Contravisory Investment Management Inc. acquired a new position in Cimpress in the 4th quarter worth about $185,000. Vanguard Group Inc. raised its holdings in Cimpress by 0.4% in the 3rd quarter. Vanguard Group Inc. now owns 1,630,573 shares of the business services provider’s stock worth $114,156,000 after purchasing an additional 6,048 shares during the period. American Century Companies Inc. raised its holdings in Cimpress by 7.7% in the 3rd quarter. American Century Companies Inc. now owns 4,382 shares of the business services provider’s stock worth $307,000 after purchasing an additional 314 shares during the period. Finally, Deutsche Bank AG raised its holdings in Cimpress by 13.3% in the 3rd quarter. Deutsche Bank AG now owns 9,472 shares of the business services provider’s stock worth $663,000 after purchasing an additional 1,114 shares during the period. Institutional investors and hedge funds own 77.64% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on CMPR shares. Truist Financial increased their target price on Cimpress from $90.00 to $110.00 and gave the company a “buy” rating in a report on Friday, February 2nd. Barrington Research increased their target price on Cimpress from $100.00 to $113.00 and gave the company an “outperform” rating in a report on Monday, February 5th.

Insider Activity

In other news, CFO Sean Edward Quinn sold 6,959 shares of the company’s stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $90.00, for a total value of $626,310.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, EVP Maarten Wensveen sold 1,651 shares of the stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $90.00, for a total value of $148,590.00. Following the completion of the transaction, the executive vice president now directly owns 10,779 shares in the company, valued at $970,110. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Sean Edward Quinn sold 6,959 shares of the stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $90.00, for a total value of $626,310.00. The disclosure for this sale can be found here. Insiders sold 28,841 shares of company stock worth $2,656,348 over the last ninety days. Corporate insiders own 17.90% of the company’s stock.

Cimpress Price Performance

Shares of Cimpress stock opened at $88.33 on Friday. The business has a 50 day simple moving average of $91.42 and a two-hundred day simple moving average of $78.87. The stock has a market capitalization of $2.35 billion, a P/E ratio of 58.50, a PEG ratio of 1.18 and a beta of 1.97. Cimpress plc has a 12 month low of $42.78 and a 12 month high of $100.01.

Cimpress (NASDAQ:CMPR) last posted its quarterly earnings results on Wednesday, January 31st. The business services provider reported $2.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.24 by $0.90. The business had revenue of $921.36 million during the quarter, compared to analyst estimates of $901.13 million. Cimpress had a negative return on equity of 10.76% and a net margin of 1.31%. As a group, research analysts anticipate that Cimpress plc will post 3.16 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.