Meeder Asset Management Inc. Makes New Investment in Cimpress plc (NASDAQ:CMPR)

Meeder Asset Management Inc. acquired a new position in Cimpress plc (NASDAQ:CMPR) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 1,588 shares of the business services provider’s stock, valued at approximately $130,000.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Victory Capital Management Inc. lifted its stake in shares of Cimpress by 14.8% in the 3rd quarter. Victory Capital Management Inc. now owns 3,274 shares of the business services provider’s stock valued at $268,000 after purchasing an additional 423 shares during the period. Versor Investments LP purchased a new position in shares of Cimpress in the 3rd quarter valued at approximately $406,000. Diamond Hill Capital Management Inc. lifted its stake in shares of Cimpress by 6.3% in the 3rd quarter. Diamond Hill Capital Management Inc. now owns 450,253 shares of the business services provider’s stock valued at $36,885,000 after purchasing an additional 26,727 shares during the period. Sequoia Financial Advisors LLC purchased a new position in shares of Cimpress in the 3rd quarter valued at approximately $7,582,000. Finally, CWM LLC lifted its stake in shares of Cimpress by 51.4% in the 3rd quarter. CWM LLC now owns 1,258 shares of the business services provider’s stock valued at $103,000 after purchasing an additional 427 shares during the period. Hedge funds and other institutional investors own 77.64% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. StockNews.com lowered Cimpress from a “strong-buy” rating to a “buy” rating in a research report on Friday, November 8th. Barrington Research raised their price objective on Cimpress from $113.00 to $119.00 and gave the company an “outperform” rating in a research report on Tuesday, August 27th. Finally, Truist Financial reduced their target price on Cimpress from $120.00 to $110.00 and set a “buy” rating for the company in a report on Friday, November 1st.

Insiders Place Their Bets

In other news, CEO Robert S. Keane sold 45,310 shares of the company’s stock in a transaction dated 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 of the company’s stock, valued at $100,367,270.10. This represents a 4.28 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 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 value of $2,372,678.64. The disclosure for this sale can be found here. Insiders sold a total of 69,799 shares of company stock worth $6,901,076 over the last quarter. 17.80% of the stock is currently owned by corporate insiders.

Cimpress Trading Up 1.8 %

Cimpress stock opened at $78.38 on Thursday. The firm has a market cap of $1.97 billion, a price-to-earnings ratio of 13.47, a PEG ratio of 0.66 and a beta of 2.05. The stock has a fifty day simple moving average of $79.63 and a two-hundred day simple moving average of $84.98. Cimpress plc has a 12 month low of $58.05 and a 12 month high of $104.92.

Cimpress (NASDAQ:CMPR) last issued its quarterly earnings data 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 negative return on equity of 27.15% and a net margin of 4.69%. The firm had revenue of $804.97 million during the quarter, compared to the consensus estimate of $800.51 million. During the same period in the previous year, the firm earned $0.17 EPS. On average, equities research analysts forecast that Cimpress plc will post 4.3 EPS for the current fiscal year.

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.