Sequoia Financial Advisors LLC Acquires New Position in Cimpress plc (NASDAQ:CMPR)

Sequoia Financial Advisors LLC acquired a new stake in shares of Cimpress plc (NASDAQ:CMPR) during the 3rd quarter, Holdings Channel reports. The fund acquired 92,552 shares of the business services provider’s stock, valued at approximately $7,582,000.

Several other institutional investors also recently bought and sold shares of CMPR. Vanguard Group Inc. grew its position in Cimpress by 5.5% during the 4th quarter. Vanguard Group Inc. now owns 1,720,504 shares of the business services provider’s stock valued at $137,726,000 after purchasing an additional 89,931 shares during the last quarter. Los Angeles Capital Management LLC purchased a new stake in Cimpress during the 1st quarter valued at about $245,000. Diversified Trust Co boosted its holdings in shares of Cimpress by 42.5% during the 1st quarter. Diversified Trust Co now owns 7,203 shares of the business services provider’s stock valued at $638,000 after acquiring an additional 2,148 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in shares of Cimpress by 1.7% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 85,493 shares of the business services provider’s stock valued at $7,567,000 after acquiring an additional 1,455 shares during the last quarter. Finally, Principal Financial Group Inc. purchased a new stake in shares of Cimpress during the 1st quarter valued at about $200,000. 77.64% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on CMPR shares. Barrington Research raised their price target on shares of Cimpress from $113.00 to $119.00 and gave the company an “outperform” rating in a report on Tuesday, August 27th. StockNews.com downgraded shares of Cimpress from a “strong-buy” rating to a “buy” rating in a report on Monday, October 14th. Finally, Truist Financial raised their price target on shares of Cimpress from $110.00 to $120.00 and gave the company a “buy” rating in a report on Friday, August 2nd.

Cimpress Trading Down 2.1 %

CMPR opened at $76.92 on Wednesday. The company has a market cap of $1.94 billion, a price-to-earnings ratio of 11.85, a PEG ratio of 0.66 and a beta of 2.03. The company’s 50 day moving average is $85.75 and its 200 day moving average is $86.94. Cimpress plc has a 12-month low of $57.01 and a 12-month high of $104.92.

Cimpress (NASDAQ:CMPR) last posted its quarterly earnings data on Wednesday, July 31st. The business services provider reported $4.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.77 by $3.56. The company had revenue of $832.61 million for the quarter, compared to the consensus estimate of $832.90 million. Cimpress had a net margin of 5.28% and a negative return on equity of 29.56%. As a group, analysts predict that Cimpress plc will post 4.4 EPS for the current fiscal year.

Insider Buying and Selling

In other Cimpress news, EVP Maarten Wensveen sold 1,317 shares of the firm’s stock in a transaction that occurred on Thursday, August 22nd. The shares were sold at an average price of $90.00, for a total transaction of $118,530.00. Following the sale, the executive vice president now owns 22,830 shares in the company, valued at approximately $2,054,700. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Cimpress news, EVP Maarten Wensveen sold 1,317 shares of the firm’s stock in a transaction that occurred on Thursday, August 22nd. The shares were sold at an average price of $90.00, for a total transaction of $118,530.00. Following the sale, the executive vice president now owns 22,830 shares in the company, valued at approximately $2,054,700. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Sean Edward Quinn sold 24,093 shares of the firm’s stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $98.48, for a total transaction of $2,372,678.64. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 71,116 shares of company stock valued at $7,019,606. 17.80% of the stock is owned by 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.