The Manufacturers Life Insurance Company Grows Position in Cimpress plc (NASDAQ:CMPR)

The Manufacturers Life Insurance Company boosted its stake in Cimpress plc (NASDAQ:CMPR) by 3.3% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 10,383 shares of the business services provider’s stock after acquiring an additional 334 shares during the period. The Manufacturers Life Insurance Company’s holdings in Cimpress were worth $910,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. CWM LLC raised its stake in shares of Cimpress by 166.3% in the 2nd quarter. CWM LLC now owns 831 shares of the business services provider’s stock valued at $73,000 after acquiring an additional 519 shares during the period. Principal Financial Group Inc. purchased a new stake in Cimpress in the first quarter valued at approximately $200,000. Legacy Capital Group California Inc. acquired a new position in Cimpress during the second quarter worth $202,000. Optimist Retirement Group LLC purchased a new position in shares of Cimpress during the second quarter worth $204,000. Finally, GM Advisory Group LLC acquired a new stake in shares of Cimpress in the first quarter valued at $239,000. Institutional investors and hedge funds own 77.64% of the company’s stock.

Wall Street Analyst Weigh In

CMPR has been the topic of several research reports. Barrington Research increased their target price on Cimpress from $113.00 to $119.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 27th. StockNews.com raised shares of Cimpress from a “buy” rating to a “strong-buy” rating in a research note on Thursday, August 1st. Finally, Truist Financial upped their target price on shares of Cimpress from $110.00 to $120.00 and gave the stock a “buy” rating in a research note on Friday, August 2nd.

Cimpress Price Performance

CMPR stock opened at $81.84 on Monday. The business’s 50-day moving average is $86.17 and its two-hundred day moving average is $87.45. The firm has a market capitalization of $2.07 billion, a P/E ratio of 12.61, a P/E/G ratio of 0.67 and a beta of 2.03. Cimpress plc has a 1 year low of $57.01 and a 1 year high of $104.92.

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

Insider Transactions at Cimpress

In related news, CEO Robert S. Keane sold 45,310 shares of the stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $99.09, for a total value of $4,489,767.90. Following the transaction, the chief executive officer now owns 1,012,890 shares of the company’s stock, valued at $100,367,270.10. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, EVP Maarten Wensveen sold 1,317 shares of the stock in a transaction 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 directly owns 22,830 shares of the company’s stock, valued at $2,054,700. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Robert S. Keane sold 45,310 shares of the business’s stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $99.09, for a total transaction of $4,489,767.90. Following the completion of the sale, the chief executive officer now directly owns 1,012,890 shares of the company’s stock, valued at approximately $100,367,270.10. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 71,116 shares of company stock valued at $7,019,606. Insiders own 17.90% of the company’s stock.

Cimpress Profile

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.