nVerses Capital LLC Decreases Holdings in Cimpress plc (NASDAQ:CMPR)

nVerses Capital LLC lowered its stake in shares of Cimpress plc (NASDAQ:CMPR) by 33.3% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,000 shares of the business services provider’s stock after selling 500 shares during the period. nVerses Capital LLC’s holdings in Cimpress were worth $88,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of CMPR. ProShare Advisors LLC boosted its holdings in Cimpress by 8.6% in the 1st quarter. ProShare Advisors LLC now owns 3,238 shares of the business services provider’s stock worth $287,000 after buying an additional 257 shares during the last quarter. Swiss National Bank boosted its stake in shares of Cimpress by 0.9% in the first quarter. Swiss National Bank now owns 34,100 shares of the business services provider’s stock worth $3,018,000 after acquiring an additional 300 shares during the last quarter. CWM LLC increased its position in shares of Cimpress by 166.3% during the second quarter. CWM LLC now owns 831 shares of the business services provider’s stock worth $73,000 after purchasing an additional 519 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Cimpress by 23.8% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,352 shares of the business services provider’s stock valued at $289,000 after purchasing an additional 644 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its holdings in Cimpress by 5.7% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 12,039 shares of the business services provider’s stock valued at $1,066,000 after purchasing an additional 648 shares in the last quarter. Institutional investors and hedge funds own 77.64% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on CMPR shares. StockNews.com raised shares of Cimpress from a “buy” rating to a “strong-buy” rating in a report on Thursday, August 1st. Truist Financial increased their price objective on shares of Cimpress from $110.00 to $120.00 and gave the company a “buy” rating in a report on Friday, August 2nd. Finally, Barrington Research boosted their target price on Cimpress from $113.00 to $119.00 and gave the stock an “outperform” rating in a report on Tuesday, August 27th.

Cimpress Price Performance

Shares of NASDAQ CMPR opened at $94.85 on Wednesday. The company has a market capitalization of $2.38 billion, a P/E ratio of 29.27, a P/E/G ratio of 0.83 and a beta of 2.04. The company has a 50 day simple moving average of $90.17 and a 200-day simple moving average of $88.97. Cimpress plc has a 1 year low of $57.01 and a 1 year high of $104.92.

Cimpress (NASDAQ:CMPR) last posted its earnings results on Wednesday, July 31st. The business services provider reported $4.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.77 by $3.56. Cimpress had a negative return on equity of 29.56% and a net margin of 5.28%. The company had revenue of $832.61 million during the quarter, compared to analysts’ expectations of $832.90 million. As a group, research analysts expect that Cimpress plc will post 4.4 EPS for the current year.

Insider Buying and Selling

In other Cimpress news, EVP Maarten Wensveen sold 1,317 shares of the company’s stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of $90.00, for a total value of $118,530.00. Following the transaction, the executive vice president now owns 22,830 shares of the company’s stock, valued at $2,054,700. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other news, EVP Maarten Wensveen sold 1,317 shares of the firm’s stock in a transaction that occurred on Thursday, August 22nd. The shares were sold at an average price of $90.00, for a total value of $118,530.00. Following the completion of the transaction, the executive vice president now owns 22,830 shares of the company’s stock, valued at $2,054,700. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO Sean Edward Quinn sold 24,093 shares of the stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $98.48, for a total transaction of $2,372,678.64. The disclosure for this sale can be found here. In the last ninety days, insiders sold 78,789 shares of company stock valued at $7,658,084. 17.90% of the stock is currently owned by insiders.

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.