Connor Clark & Lunn Investment Management Ltd. Grows Position in Cimpress plc $CMPR

Connor Clark & Lunn Investment Management Ltd. lifted its position in shares of Cimpress plc (NASDAQ:CMPR) by 7.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 155,841 shares of the business services provider’s stock after purchasing an additional 10,480 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned 0.63% of Cimpress worth $7,325,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in CMPR. Signaturefd LLC boosted its holdings in Cimpress by 341.6% during the first quarter. Signaturefd LLC now owns 605 shares of the business services provider’s stock worth $27,000 after buying an additional 468 shares in the last quarter. Summit Securities Group LLC acquired a new position in shares of Cimpress in the first quarter worth about $32,000. Headlands Technologies LLC purchased a new stake in shares of Cimpress during the 1st quarter worth about $34,000. Cerity Partners LLC purchased a new stake in shares of Cimpress during the 1st quarter worth about $214,000. Finally, CWM LLC grew its position in shares of Cimpress by 835.5% during the 1st quarter. CWM LLC now owns 5,323 shares of the business services provider’s stock valued at $241,000 after acquiring an additional 4,754 shares during the period. 77.64% of the stock is currently owned by institutional investors and hedge funds.

Cimpress Trading Down 2.2%

NASDAQ:CMPR opened at $65.12 on Thursday. The company has a market cap of $1.61 billion, a P/E ratio of 49.71 and a beta of 1.76. Cimpress plc has a twelve month low of $35.21 and a twelve month high of $85.56. The company’s 50-day moving average price is $63.82 and its 200-day moving average price is $54.12.

Cimpress (NASDAQ:CMPR) last released its quarterly earnings data on Wednesday, October 29th. The business services provider reported $0.30 EPS for the quarter, beating analysts’ consensus estimates of $0.29 by $0.01. The company had revenue of $863.28 million during the quarter, compared to the consensus estimate of $839.42 million. Cimpress had a net margin of 1.02% and a negative return on equity of 6.23%. Cimpress has set its FY 2026 guidance at EPS. On average, analysts expect that Cimpress plc will post 3.69 earnings per share for the current year.

Insider Buying and Selling

In related news, EVP Sean Edward Quinn bought 4,000 shares of the business’s stock in a transaction on Thursday, November 6th. The stock was acquired at an average cost of $62.79 per share, with a total value of $251,160.00. Following the purchase, the executive vice president directly owned 36,484 shares of the company’s stock, valued at $2,290,830.36. The trade was a 12.31% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Maarten Wensveen sold 22,830 shares of Cimpress stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $68.36, for a total value of $1,560,658.80. Following the transaction, the executive vice president owned 20,587 shares in the company, valued at approximately $1,407,327.32. This represents a 52.58% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 10.20% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the company. Wall Street Zen raised Cimpress from a “hold” rating to a “buy” rating in a report on Saturday, November 1st. Weiss Ratings raised Cimpress from a “sell (d)” rating to a “hold (c-)” rating in a report on Friday, November 7th. Truist Financial upped their target price on Cimpress from $74.00 to $78.00 and gave the stock a “buy” rating in a research note on Wednesday, September 17th. Citigroup reiterated an “outperform” rating on shares of Cimpress in a research report on Wednesday, October 1st. Finally, Barrington Research boosted their price target on shares of Cimpress from $70.00 to $77.00 and gave the stock an “outperform” rating in a report on Wednesday, October 1st. Three analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, Cimpress has an average rating of “Moderate Buy” and a consensus target price of $77.50.

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.