Ingalls & Snyder LLC Sells 7,355 Shares of Cimpress plc (NASDAQ:CMPR)

Ingalls & Snyder LLC lowered its position in Cimpress plc (NASDAQ:CMPR) by 8.0% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 84,460 shares of the business services provider’s stock after selling 7,355 shares during the period. Ingalls & Snyder LLC owned about 0.34% of Cimpress worth $6,057,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of CMPR. Janus Henderson Group PLC raised its position in Cimpress by 5.2% in 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 during the period. Diamond Hill Capital Management Inc. increased its holdings in shares of Cimpress by 6.3% during the third quarter. Diamond Hill Capital Management Inc. now owns 450,253 shares of the business services provider’s stock valued at $36,885,000 after acquiring an additional 26,727 shares in the last quarter. Hantz Financial Services Inc. grew its holdings in shares of 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 buying an additional 13,297 shares during the last quarter. Hennessy Advisors Inc. raised its stake in shares of Cimpress by 6.9% in the fourth quarter. Hennessy Advisors Inc. now owns 110,400 shares of the business services provider’s stock worth $7,918,000 after purchasing an additional 7,100 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its holdings in shares of 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 acquiring an additional 29,484 shares during the last quarter. Hedge funds and other institutional investors own 77.64% of the company’s stock.

Analysts Set New Price Targets

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

Cimpress Price Performance

Shares of Cimpress stock opened at $52.42 on Thursday. Cimpress plc has a 1 year low of $52.09 and a 1 year high of $104.92. The company has a market capitalization of $1.32 billion, a P/E ratio of 8.68, a P/E/G ratio of 0.58 and a beta of 2.08. The business has a 50 day moving average price of $71.42 and a 200 day moving average price of $79.21.

Cimpress (NASDAQ:CMPR) last announced its quarterly earnings results on Wednesday, January 29th. The business services provider reported $2.36 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, research analysts expect that Cimpress plc will post 3.7 EPS for the current fiscal year.

Cimpress 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.