Versor Investments LP Buys New Stake in Cimpress plc (NASDAQ:CMPR)

Versor Investments LP bought a new stake in Cimpress plc (NASDAQ:CMPR) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 4,959 shares of the business services provider’s stock, valued at approximately $406,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Diamond Hill Capital Management Inc. increased its stake in Cimpress by 6.3% in the third quarter. Diamond Hill Capital Management Inc. now owns 450,253 shares of the business services provider’s stock valued at $36,885,000 after acquiring an additional 26,727 shares during the period. Sequoia Financial Advisors LLC bought a new stake in Cimpress in the third quarter valued at about $7,582,000. CWM LLC increased its stake in Cimpress by 51.4% in the third quarter. CWM LLC now owns 1,258 shares of the business services provider’s stock valued at $103,000 after acquiring an additional 427 shares during the period. Diversified Trust Co grew its stake in Cimpress by 54.0% during the third quarter. Diversified Trust Co now owns 4,840 shares of the business services provider’s stock worth $396,000 after buying an additional 1,697 shares during the last quarter. Finally, Handelsbanken Fonder AB grew its stake in Cimpress by 14.6% during the third quarter. Handelsbanken Fonder AB now owns 6,296 shares of the business services provider’s stock worth $516,000 after buying an additional 800 shares during the last quarter. Institutional investors own 77.64% of the company’s stock.

Cimpress Price Performance

CMPR opened at $80.48 on Friday. Cimpress plc has a one year low of $58.05 and a one year high of $104.92. The company’s 50 day simple moving average is $80.22 and its 200-day simple moving average is $85.18. The stock has a market capitalization of $2.02 billion, a P/E ratio of 13.83, a price-to-earnings-growth ratio of 0.68 and a beta of 2.05.

Cimpress (NASDAQ:CMPR) last released its quarterly earnings results on Wednesday, October 30th. The business services provider reported ($0.50) EPS for the quarter, missing the consensus estimate of $0.30 by ($0.80). Cimpress had a net margin of 4.69% and a negative return on equity of 27.15%. The company had revenue of $804.97 million for the quarter, compared to the consensus estimate of $800.51 million. During the same period last year, the company earned $0.17 earnings per share. As a group, analysts anticipate that Cimpress plc will post 4.3 EPS for the current year.

Analysts Set New Price Targets

CMPR has been the topic of several research analyst reports. Truist Financial decreased their price objective on shares of Cimpress from $120.00 to $110.00 and set a “buy” rating on the stock in a research note on Friday, November 1st. StockNews.com cut shares of Cimpress from a “strong-buy” rating to a “buy” rating in a research note on Friday, November 8th. Finally, Barrington Research upped their price objective on shares of Cimpress from $113.00 to $119.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 27th.

Insider Activity

In related news, EVP Maarten Wensveen sold 1,317 shares of the stock in a transaction that occurred 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 in the company, valued at $2,054,700. This represents a 5.45 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Sean Edward Quinn sold 24,093 shares of the stock in a transaction that occurred on Thursday, August 29th. The shares were 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. Insiders have sold 71,116 shares of company stock valued at $7,019,606 over the last three months. 17.80% of the stock is owned by insiders.

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.