8,063 Shares in Cimpress plc (NASDAQ:CMPR) Bought by Massachusetts Financial Services Co. MA

Massachusetts Financial Services Co. MA purchased a new position in Cimpress plc (NASDAQ:CMPR) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 8,063 shares of the business services provider’s stock, valued at approximately $578,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Public Employees Retirement System of Ohio acquired a new position in shares of Cimpress during the third quarter worth approximately $29,000. Point72 Asset Management L.P. acquired a new position in Cimpress during the third quarter worth $115,000. Vestcor Inc acquired a new position in Cimpress during the fourth quarter worth $144,000. Optimist Retirement Group LLC lifted its stake in shares of Cimpress by 15.1% in the third quarter. Optimist Retirement Group LLC now owns 2,685 shares of the business services provider’s stock valued at $220,000 after buying an additional 352 shares in the last quarter. Finally, Mayfair Advisory Group LLC acquired a new position in shares of Cimpress during the fourth quarter valued at about $204,000. 77.64% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, CFO Sean Edward Quinn bought 5,000 shares of the company’s stock in a transaction on Friday, March 14th. The shares were purchased at an average cost of $41.50 per share, for a total transaction of $207,500.00. Following the completion of the purchase, the chief financial officer now directly owns 20,224 shares in the company, valued at $839,296. The trade was a 32.84 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. 17.80% of the stock is owned by insiders.

Cimpress Stock Up 11.8 %

Cimpress stock opened at $44.50 on Thursday. Cimpress plc has a 52 week low of $39.11 and a 52 week high of $104.92. The company’s 50 day moving average price is $47.68 and its two-hundred day moving average price is $66.83. The stock has a market cap of $1.12 billion, a P/E ratio of 7.37, a P/E/G ratio of 0.50 and a beta of 1.94.

Cimpress (NASDAQ:CMPR) last issued 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 anticipate that Cimpress plc will post 3.69 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. Truist Financial lowered their target price on shares of Cimpress from $110.00 to $87.00 and set a “buy” rating on the stock in a report on Friday, January 31st. StockNews.com upgraded Cimpress from a “buy” rating to a “strong-buy” rating in a report on Saturday, February 8th. Finally, Barrington Research reaffirmed an “outperform” rating and set a $119.00 target price on shares of Cimpress in a research report on Wednesday, January 29th.

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.