Charles Schwab Investment Management Inc. Sells 24,451 Shares of Cimpress plc (NASDAQ:CMPR)

Charles Schwab Investment Management Inc. reduced its holdings in shares of Cimpress plc (NASDAQ:CMPR) by 10.1% in the 4th quarter, HoldingsChannel.com reports. The fund owned 218,497 shares of the business services provider’s stock after selling 24,451 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Cimpress were worth $15,671,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in CMPR. Public Employees Retirement System of Ohio acquired a new stake in Cimpress during the 3rd quarter worth approximately $29,000. Quarry LP acquired a new stake in Cimpress during the 3rd quarter worth approximately $111,000. Point72 Asset Management L.P. acquired a new stake in Cimpress during the 3rd quarter worth approximately $115,000. Meeder Asset Management Inc. acquired a new stake in Cimpress during the 3rd quarter worth approximately $130,000. Finally, Mayfair Advisory Group LLC acquired a new stake in Cimpress during the 4th quarter worth approximately $204,000. 77.64% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Cimpress

In other news, CFO Sean Edward Quinn acquired 5,000 shares of Cimpress stock in a transaction that occurred on Friday, March 14th. The shares were acquired at an average price of $41.50 per share, for a total transaction of $207,500.00. Following the transaction, the chief financial officer now directly owns 20,224 shares of the company’s stock, valued at approximately $839,296. The trade was a 32.84 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 17.80% of the stock is owned by insiders.

Cimpress Price Performance

Shares of NASDAQ CMPR opened at $44.16 on Friday. The stock has a market capitalization of $1.11 billion, a PE ratio of 7.31, a P/E/G ratio of 0.50 and a beta of 2.22. The business has a fifty day moving average price of $56.80 and a two-hundred day moving average price of $71.65. Cimpress plc has a fifty-two week low of $41.24 and a fifty-two week high of $104.92.

Cimpress (NASDAQ:CMPR) last posted its quarterly earnings results on Wednesday, January 29th. The business services provider reported $2.36 EPS for the quarter, missing analysts’ consensus estimates of $2.52 by ($0.16). Cimpress had a negative return on equity of 27.64% and a net margin of 4.75%. On average, equities analysts expect that Cimpress plc will post 3.69 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. Barrington Research reissued an “outperform” rating and set a $119.00 price target on shares of Cimpress in a report on Wednesday, January 29th. StockNews.com raised Cimpress from a “buy” rating to a “strong-buy” rating in a report on Saturday, February 8th. Finally, Truist Financial dropped their price objective on Cimpress from $110.00 to $87.00 and set a “buy” rating for the company in a report on Friday, January 31st.

Cimpress Company 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.