Wakefield Asset Management LLLP Buys New Shares in Cimpress plc $CMPR

Wakefield Asset Management LLLP bought a new stake in shares of Cimpress plc (NASDAQ:CMPR) during the fourth quarter, Holdings Channel reports. The institutional investor bought 16,007 shares of the business services provider’s stock, valued at approximately $1,066,000.

A number of other institutional investors also recently modified their holdings of the stock. Crestwood Advisors Group LLC acquired a new position in shares of Cimpress during the 4th quarter valued at $202,000. Merit Financial Group LLC bought a new stake in Cimpress during the 4th quarter valued at $209,000. Mirae Asset Global Investments Co. Ltd. increased its stake in Cimpress by 35.0% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,705 shares of the business services provider’s stock valued at $114,000 after purchasing an additional 442 shares in the last quarter. CWM LLC increased its stake in Cimpress by 1.7% during the 4th quarter. CWM LLC now owns 21,103 shares of the business services provider’s stock valued at $1,405,000 after purchasing an additional 346 shares in the last quarter. Finally, Harbor Capital Advisors Inc. increased its stake in Cimpress by 30.2% during the 4th quarter. Harbor Capital Advisors Inc. now owns 5,305 shares of the business services provider’s stock valued at $353,000 after purchasing an additional 1,232 shares in the last quarter. Institutional investors and hedge funds own 77.64% of the company’s stock.

Insider Activity

In other news, EVP Maarten Wensveen sold 19,251 shares of the company’s stock in a transaction on Tuesday, May 5th. The shares were sold at an average price of $92.96, for a total value of $1,789,572.96. Following the completion of the sale, the executive vice president owned 19,674 shares in the company, valued at $1,828,895.04. This represents a 49.46% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 10.20% of the stock is currently owned by insiders.

Cimpress Price Performance

NASDAQ CMPR opened at $94.20 on Friday. Cimpress plc has a 1 year low of $41.88 and a 1 year high of $96.00. The firm has a market cap of $2.28 billion, a price-to-earnings ratio of 52.92 and a beta of 1.79. The company has a fifty day moving average price of $78.58 and a 200-day moving average price of $74.25.

Cimpress (NASDAQ:CMPR) last posted its earnings results on Wednesday, April 29th. The business services provider reported $0.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.15 by $0.40. Cimpress had a net margin of 1.24% and a negative return on equity of 8.25%. The firm had revenue of $886.21 million during the quarter, compared to analyst estimates of $858.80 million. On average, research analysts anticipate that Cimpress plc will post 3.62 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have commented on the stock. Wall Street Zen upgraded shares of Cimpress from a “buy” rating to a “strong-buy” rating in a research note on Sunday, March 1st. Barrington Research boosted their price target on shares of Cimpress from $95.00 to $113.00 and gave the company an “outperform” rating in a research note on Wednesday, May 6th. Zacks Research lowered shares of Cimpress from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 4th. Truist Financial set a $110.00 price target on shares of Cimpress in a research note on Friday, May 1st. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Cimpress in a research note on Wednesday, April 29th. Three research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, Cimpress presently has an average rating of “Moderate Buy” and a consensus price target of $111.50.

Cimpress Company Profile

Cimpress NV is a global leader in mass customization and web-to-print services, offering businesses and consumers an online platform to design, order and personalize printed marketing materials and promotional products. As the parent company of Vistaprint and a portfolio of regional print service providers, Cimpress leverages proprietary technology to connect millions of small- and medium-sized customers with a network of manufacturing facilities around the world. Its product range spans business cards, brochures, signage, labels, apparel, packaging and a variety of bespoke merchandise.

The company traces its roots to Vistaprint, founded in 1995 by Robert W.