Millennium Management LLC Buys 11,041 Shares of Cimpress plc (NASDAQ:CMPR)

Millennium Management LLC raised its stake in shares of Cimpress plc (NASDAQ:CMPR) by 34.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 42,950 shares of the business services provider’s stock after purchasing an additional 11,041 shares during the quarter. Millennium Management LLC owned 0.17% of Cimpress worth $3,763,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of CMPR. Vanguard Group Inc. lifted its holdings in shares of Cimpress by 5.3% during the 1st quarter. Vanguard Group Inc. now owns 1,812,047 shares of the business services provider’s stock worth $160,384,000 after acquiring an additional 91,543 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in Cimpress by 0.9% in the second quarter. Dimensional Fund Advisors LP now owns 512,613 shares of the business services provider’s stock valued at $44,909,000 after purchasing an additional 4,441 shares during the last quarter. Diamond Hill Capital Management Inc. boosted its stake in shares of Cimpress by 15.7% during the second quarter. Diamond Hill Capital Management Inc. now owns 423,526 shares of the business services provider’s stock valued at $37,105,000 after purchasing an additional 57,427 shares during the period. Acadian Asset Management LLC boosted its stake in shares of Cimpress by 11.0% during the second quarter. Acadian Asset Management LLC now owns 397,170 shares of the business services provider’s stock valued at $34,776,000 after purchasing an additional 39,438 shares during the period. Finally, Lazard Asset Management LLC grew its holdings in shares of Cimpress by 9,821.4% in the first quarter. Lazard Asset Management LLC now owns 156,361 shares of the business services provider’s stock worth $13,838,000 after purchasing an additional 154,785 shares during the last quarter. Hedge funds and other institutional investors own 77.64% of the company’s stock.

Cimpress Stock Up 2.2 %

NASDAQ:CMPR opened at $81.84 on Monday. The firm’s fifty day simple moving average is $86.17 and its 200 day simple moving average is $87.45. The stock has a market cap of $2.07 billion, a P/E ratio of 12.61, a price-to-earnings-growth ratio of 0.67 and a beta of 2.03. Cimpress plc has a twelve month low of $57.01 and a twelve month high of $104.92.

Cimpress (NASDAQ:CMPR) last announced its earnings results on Wednesday, July 31st. The business services provider reported $4.33 earnings per share for the quarter, beating analysts’ consensus estimates 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 analyst estimates of $832.90 million. On average, analysts expect that Cimpress plc will post 4.4 EPS for the current fiscal year.

Analysts Set New Price Targets

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

Insider Buying and Selling at Cimpress

In other news, CEO Robert S. Keane sold 45,310 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the chief executive officer now owns 1,012,890 shares in the company, valued at $100,367,270.10. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, CEO Robert S. Keane sold 396 shares of the business’s stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $97.55, for a total transaction of $38,629.80. Following the sale, the chief executive officer now owns 986,785 shares in the company, valued at approximately $96,260,876.75. The trade was a 0.00 % decrease in their position. The sale 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 stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $99.09, for a total transaction of $4,489,767.90. Following the completion of the transaction, the chief executive officer now owns 1,012,890 shares of the company’s stock, valued at approximately $100,367,270.10. The trade was 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 have sold 71,116 shares of company stock valued at $7,019,606. 17.90% of the stock is currently owned by corporate insiders.

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.