Cimpress plc (NASDAQ:CMPR) Holdings Decreased by Seaport Global Advisors LLC

Seaport Global Advisors LLC reduced its holdings in Cimpress plc (NASDAQ:CMPR) by 38.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,611 shares of the business services provider’s stock after selling 3,437 shares during the period. Cimpress comprises about 1.8% of Seaport Global Advisors LLC’s holdings, making the stock its 27th largest holding. Seaport Global Advisors LLC’s holdings in Cimpress were worth $492,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Creative Planning lifted its position in shares of Cimpress by 10.5% in the second quarter. Creative Planning now owns 7,492 shares of the business services provider’s stock worth $656,000 after purchasing an additional 710 shares in the last quarter. Algert Global LLC lifted its position in Cimpress by 3.9% in the 2nd quarter. Algert Global LLC now owns 57,783 shares of the business services provider’s stock worth $5,062,000 after buying an additional 2,151 shares in the last quarter. Mackenzie Financial Corp increased its stake in shares of Cimpress by 20.1% in the second quarter. Mackenzie Financial Corp now owns 2,856 shares of the business services provider’s stock worth $250,000 after acquiring an additional 477 shares during the last quarter. The Manufacturers Life Insurance Company raised its holdings in shares of Cimpress by 3.3% during the second quarter. The Manufacturers Life Insurance Company now owns 10,383 shares of the business services provider’s stock worth $910,000 after acquiring an additional 334 shares in the last quarter. Finally, Millennium Management LLC boosted its position in Cimpress by 34.6% during the second quarter. Millennium Management LLC now owns 42,950 shares of the business services provider’s stock valued at $3,763,000 after purchasing an additional 11,041 shares during the last quarter. 77.64% of the stock is currently owned by institutional investors and hedge funds.

Cimpress Trading Down 0.4 %

Shares of NASDAQ:CMPR opened at $81.84 on Monday. The stock has a market capitalization of $2.05 billion, a PE ratio of 25.26, a P/E/G ratio of 0.72 and a beta of 2.04. Cimpress plc has a 1 year low of $57.01 and a 1 year high of $104.92. The firm has a fifty day moving average price of $88.32 and a 200 day moving average price of $88.08.

Cimpress (NASDAQ:CMPR) last released its quarterly 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 the consensus estimate of $832.90 million. On average, sell-side analysts forecast that Cimpress plc will post 4.4 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts have weighed in on the company. Barrington Research upped their target price on Cimpress from $113.00 to $119.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 27th. Truist Financial increased their price objective on Cimpress from $110.00 to $120.00 and gave the stock a “buy” rating in a report on Friday, August 2nd. Finally, StockNews.com upgraded shares of Cimpress from a “buy” rating to a “strong-buy” rating in a research note on Thursday, August 1st.

Insiders Place Their Bets

In other news, EVP Maarten Wensveen sold 1,317 shares of Cimpress 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 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. In other news, CEO Robert S. Keane sold 396 shares of Cimpress stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $97.55, for a total value of $38,629.80. Following the transaction, the chief executive officer now directly owns 986,785 shares in the company, valued at $96,260,876.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Maarten Wensveen sold 1,317 shares of the business’s stock in a transaction dated Thursday, August 22nd. The stock was sold at an average price of $90.00, for a total value of $118,530.00. Following the transaction, the executive vice president now directly owns 22,830 shares of the company’s stock, valued at approximately $2,054,700. The disclosure for this sale can be found here. Insiders sold 71,116 shares of company stock valued at $7,019,606 over the last 90 days. 17.90% of the stock is currently owned by company 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.