Nuveen Asset Management LLC Acquires 24,040 Shares of Cimpress plc (NASDAQ:CMPR)

Nuveen Asset Management LLC grew its holdings in shares of Cimpress plc (NASDAQ:CMPR) by 3.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 703,955 shares of the business services provider’s stock after buying an additional 24,040 shares during the quarter. Nuveen Asset Management LLC’s holdings in Cimpress were worth $50,488,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Sequoia Financial Advisors LLC raised its holdings in shares of Cimpress by 8.1% in the 4th quarter. Sequoia Financial Advisors LLC now owns 100,087 shares of the business services provider’s stock valued at $7,178,000 after purchasing an additional 7,535 shares during the period. Hantz Financial Services Inc. raised its holdings in shares of Cimpress by 9.1% in the 4th quarter. Hantz Financial Services Inc. now owns 159,000 shares of the business services provider’s stock valued at $11,403,000 after purchasing an additional 13,297 shares during the period. SG Americas Securities LLC raised its holdings in shares of Cimpress by 118.8% in the 4th quarter. SG Americas Securities LLC now owns 7,847 shares of the business services provider’s stock valued at $563,000 after purchasing an additional 4,261 shares during the period. JPMorgan Chase & Co. raised its holdings in shares of Cimpress by 1.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 21,937 shares of the business services provider’s stock valued at $1,797,000 after purchasing an additional 215 shares during the period. Finally, Barclays PLC raised its holdings in shares of Cimpress by 70.3% in the 3rd quarter. Barclays PLC now owns 63,825 shares of the business services provider’s stock valued at $5,229,000 after purchasing an additional 26,342 shares during the period. 77.64% of the stock is owned by institutional investors.

Insider Transactions at Cimpress

In other Cimpress news, CFO Sean Edward Quinn bought 5,000 shares of the stock in a transaction dated Friday, March 14th. The shares were bought at an average cost of $41.50 per share, with a total value of $207,500.00. Following the completion of the acquisition, the chief financial officer now owns 20,224 shares of the company’s stock, valued at $839,296. This trade represents a 32.84% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 17.80% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on CMPR shares. Barrington Research dropped their target price on shares of Cimpress from $95.00 to $65.00 and set an “outperform” rating on the stock in a report on Friday, May 9th. StockNews.com cut shares of Cimpress from a “strong-buy” rating to a “buy” rating in a report on Monday, May 5th. Finally, Truist Financial lowered their price target on shares of Cimpress from $87.00 to $60.00 and set a “buy” rating on the stock in a report on Monday, May 5th.

Cimpress Stock Up 0.3%

Cimpress stock opened at $45.02 on Tuesday. The stock has a market cap of $1.12 billion, a P/E ratio of 7.45, a P/E/G ratio of 0.50 and a beta of 1.82. Cimpress plc has a twelve month low of $35.21 and a twelve month high of $104.92. The company’s 50-day moving average price is $43.11 and its two-hundred day moving average price is $59.62.

Cimpress (NASDAQ:CMPR) last released its quarterly earnings results on Wednesday, April 30th. The business services provider reported ($0.33) earnings per share for the quarter, missing the consensus estimate of $0.61 by ($0.94). Cimpress had a net margin of 4.75% and a negative return on equity of 27.64%. The company had revenue of $789.47 million during the quarter, compared to the consensus estimate of $798.02 million. Equities analysts anticipate that Cimpress plc will post 3.69 earnings per share for the current fiscal year.

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.