Dynamic Technology Lab Private Ltd Purchases Shares of 5,353 Cimpress plc (NASDAQ:CMPR)

Dynamic Technology Lab Private Ltd bought a new position in Cimpress plc (NASDAQ:CMPR) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 5,353 shares of the business services provider’s stock, valued at approximately $439,000.

A number of other hedge funds have also recently modified their holdings of the stock. Intech Investment Management LLC purchased a new stake in shares of Cimpress in the third quarter worth about $477,000. Moran Wealth Management LLC boosted its stake in shares of Cimpress by 35.4% in the third quarter. Moran Wealth Management LLC now owns 6,302 shares of the business services provider’s stock worth $516,000 after buying an additional 1,649 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted 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 buying an additional 29,484 shares during the last quarter. Meeder Asset Management Inc. purchased a new stake in shares of Cimpress in the third quarter worth about $130,000. Finally, Victory Capital Management Inc. boosted its stake in shares of Cimpress by 14.8% in the third quarter. Victory Capital Management Inc. now owns 3,274 shares of the business services provider’s stock worth $268,000 after buying an additional 423 shares during the last quarter. Hedge funds and other institutional investors own 77.64% of the company’s stock.

Insider Buying and Selling at Cimpress

In related news, CEO Robert S. Keane sold 396 shares of the stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $97.55, for a total value of $38,629.80. Following the completion of the sale, the chief executive officer now owns 986,785 shares of the company’s stock, valued at approximately $96,260,876.75. This trade represents a 0.04 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 17.80% of the company’s stock.

Cimpress Price Performance

Shares of Cimpress stock opened at $80.30 on Friday. The business has a 50 day simple moving average of $79.46 and a two-hundred day simple moving average of $84.81. Cimpress plc has a 12 month low of $58.05 and a 12 month high of $104.92. The stock has a market capitalization of $2.02 billion, a P/E ratio of 13.80, a PEG ratio of 0.70 and a beta of 2.05.

Cimpress (NASDAQ:CMPR) last announced its earnings results on Wednesday, October 30th. The business services provider reported ($0.50) EPS for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.80). Cimpress had a net margin of 4.69% and a negative return on equity of 27.15%. The firm had revenue of $804.97 million for the quarter, compared to analyst estimates of $800.51 million. During the same period in the previous year, the company earned $0.17 EPS. As a group, research analysts anticipate that Cimpress plc will post 4.27 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on CMPR. StockNews.com cut Cimpress from a “strong-buy” rating to a “buy” rating in a report on Friday, November 8th. Barrington Research upped their price target on Cimpress from $113.00 to $119.00 and gave the stock an “outperform” rating in a report on Tuesday, August 27th. Finally, Truist Financial reduced their price target on Cimpress from $120.00 to $110.00 and set a “buy” rating for the company in a report on Friday, November 1st.

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.