Hennessy Advisors Inc. Acquires 7,100 Shares of Cimpress plc (NASDAQ:CMPR)

Hennessy Advisors Inc. boosted its holdings in shares of Cimpress plc (NASDAQ:CMPR) by 6.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 110,400 shares of the business services provider’s stock after acquiring an additional 7,100 shares during the period. Hennessy Advisors Inc. owned about 0.44% of Cimpress worth $7,918,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in CMPR. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Cimpress by 5.0% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,521 shares of the business services provider’s stock valued at $287,000 after buying an additional 169 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in Cimpress by 1.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 21,937 shares of the business services provider’s stock worth $1,797,000 after purchasing an additional 215 shares in the last quarter. Rhumbline Advisers boosted its stake in Cimpress by 1.1% in the 2nd quarter. Rhumbline Advisers now owns 27,106 shares of the business services provider’s stock worth $2,375,000 after purchasing an additional 308 shares in the last quarter. The Manufacturers Life Insurance Company boosted its stake in Cimpress by 3.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 10,383 shares of the business services provider’s stock worth $910,000 after purchasing an additional 334 shares in the last quarter. Finally, Public Employees Retirement System of Ohio acquired a new stake in Cimpress in the 3rd quarter worth approximately $29,000. 77.64% of the stock is currently owned by institutional investors.

Cimpress Price Performance

NASDAQ:CMPR opened at $72.64 on Friday. The firm has a market cap of $1.83 billion, a price-to-earnings ratio of 12.48, a price-to-earnings-growth ratio of 0.62 and a beta of 2.09. The company has a 50 day moving average price of $76.76 and a 200-day moving average price of $82.55. Cimpress plc has a 1-year low of $58.05 and a 1-year high of $104.92.

Cimpress (NASDAQ:CMPR) last posted its earnings results on Wednesday, October 30th. The business services provider reported ($0.50) earnings per share for the quarter, missing the consensus estimate of $0.30 by ($0.80). The firm had revenue of $804.97 million for the quarter, compared to analysts’ expectations of $800.51 million. Cimpress had a net margin of 4.69% and a negative return on equity of 27.15%. During the same period last year, the firm earned $0.17 earnings per share. On average, sell-side analysts anticipate that Cimpress plc will post 4.06 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on CMPR. Barrington Research reiterated an “outperform” rating and issued a $119.00 target price on shares of Cimpress in a research note on Friday, December 20th. StockNews.com lowered shares of Cimpress from a “strong-buy” rating to a “buy” rating in a research report on Thursday, January 9th. Finally, Truist Financial reduced their price target on shares of Cimpress from $120.00 to $110.00 and set a “buy” rating for the company in a research report on Friday, November 1st.

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.