UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Raises Position in Cimpress plc (NASDAQ:CMPR)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Cimpress plc (NASDAQ:CMPR) by 54.5% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 26,420 shares of the business services provider’s stock after buying an additional 9,324 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Cimpress were worth $2,164,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in CMPR. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Cimpress by 5.0% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,521 shares of the business services provider’s stock valued at $287,000 after acquiring an additional 169 shares in the last quarter. Rhumbline Advisers increased its position in shares of Cimpress by 1.1% in the second quarter. Rhumbline Advisers now owns 27,106 shares of the business services provider’s stock worth $2,375,000 after purchasing an additional 308 shares during the last quarter. The Manufacturers Life Insurance Company raised its stake in Cimpress by 3.3% in the second quarter. The Manufacturers Life Insurance Company now owns 10,383 shares of the business services provider’s stock valued at $910,000 after purchasing an additional 334 shares in the last quarter. Victory Capital Management Inc. lifted its position in Cimpress by 14.8% during the third quarter. Victory Capital Management Inc. now owns 3,274 shares of the business services provider’s stock valued at $268,000 after purchasing an additional 423 shares during the last quarter. Finally, CWM LLC grew its stake in Cimpress by 51.4% in the 3rd quarter. CWM LLC now owns 1,258 shares of the business services provider’s stock worth $103,000 after buying an additional 427 shares in the last quarter. 77.64% of the stock is currently owned by hedge funds and other institutional investors.

Cimpress Stock Performance

Shares of CMPR opened at $78.76 on Monday. Cimpress plc has a fifty-two week low of $58.05 and a fifty-two week high of $104.92. The firm has a market cap of $1.98 billion, a price-to-earnings ratio of 13.53, a PEG ratio of 0.68 and a beta of 2.08. The firm has a 50 day moving average price of $79.22 and a 200-day moving average price of $84.61.

Cimpress (NASDAQ:CMPR) last posted its quarterly earnings results on Wednesday, October 30th. The business services provider reported ($0.50) earnings per share for the quarter, missing the consensus estimate of $0.30 by ($0.80). The business had revenue of $804.97 million during the quarter, compared to the consensus estimate of $800.51 million. Cimpress had a negative return on equity of 27.15% and a net margin of 4.69%. During the same period in the prior year, the firm earned $0.17 earnings per share. As a group, equities research analysts predict that Cimpress plc will post 4.27 earnings per share for the current year.

Analysts Set New Price Targets

Several analysts have recently weighed in on CMPR shares. StockNews.com cut shares of Cimpress from a “strong-buy” rating to a “buy” rating in a research report on Friday, November 8th. Truist Financial reduced their target price on Cimpress from $120.00 to $110.00 and set a “buy” rating on the stock in a research note on Friday, November 1st. Finally, Barrington Research lifted their price target on Cimpress from $113.00 to $119.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 27th.

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.