Macquarie Group Ltd. boosted its position in shares of Cimpress (NASDAQ:CMPR) by 262.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,805 shares of the business services provider’s stock after buying an additional 4,205 shares during the period. Macquarie Group Ltd.’s holdings in Cimpress were worth $696,000 as of its most recent SEC filing.
A number of other institutional investors have also recently made changes to their positions in CMPR. SG Americas Securities LLC purchased a new stake in shares of Cimpress in the third quarter worth approximately $119,000. American International Group Inc. increased its holdings in Cimpress by 8.1% during the 3rd quarter. American International Group Inc. now owns 16,751 shares of the business services provider’s stock worth $1,636,000 after purchasing an additional 1,252 shares during the period. Wells Fargo & Company MN increased its holdings in Cimpress by 13.0% during the 3rd quarter. Wells Fargo & Company MN now owns 42,795 shares of the business services provider’s stock worth $4,179,000 after purchasing an additional 4,925 shares during the period. Schwab Charles Investment Management Inc. increased its holdings in Cimpress by 4.0% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 78,592 shares of the business services provider’s stock worth $7,676,000 after purchasing an additional 3,028 shares during the period. Finally, Oppenheimer Asset Management Inc. increased its holdings in Cimpress by 32.6% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 3,161 shares of the business services provider’s stock worth $309,000 after purchasing an additional 778 shares during the period. 98.47% of the stock is owned by institutional investors.
Cimpress stock opened at $152.19 on Tuesday. The company has a quick ratio of 0.33, a current ratio of 0.44 and a debt-to-equity ratio of 6.43. Cimpress has a 1-year low of $78.80 and a 1-year high of $171.76.
Cimpress (NASDAQ:CMPR) last issued its earnings results on Wednesday, January 31st. The business services provider reported $0.93 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.83 by $0.10. The company had revenue of $762.10 million during the quarter, compared to analyst estimates of $692.34 million. Cimpress had a negative return on equity of 15.72% and a negative net margin of 1.00%. The firm’s quarterly revenue was up 32.1% on a year-over-year basis. During the same quarter last year, the business posted $1.07 EPS. sell-side analysts anticipate that Cimpress will post 1.31 EPS for the current fiscal year.
In related news, CFO Sean Edward Quinn sold 766 shares of Cimpress stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $163.99, for a total value of $125,616.34. Following the completion of the transaction, the chief financial officer now owns 566 shares in the company, valued at approximately $92,818.34. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Katryn Blake sold 37,406 shares of Cimpress stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $144.17, for a total value of $5,392,823.02. Following the completion of the transaction, the insider now owns 47,220 shares of the company’s stock, valued at approximately $6,807,707.40. The disclosure for this sale can be found here. Insiders sold a total of 39,672 shares of company stock valued at $5,754,734 in the last 90 days. 18.80% of the stock is currently owned by company insiders.
CMPR has been the topic of several research reports. BidaskClub downgraded Cimpress from a “buy” rating to a “hold” rating in a report on Friday, December 22nd. ValuEngine downgraded Cimpress from a “hold” rating to a “sell” rating in a report on Sunday, December 31st. Zacks Investment Research cut Cimpress from a “hold” rating to a “sell” rating in a research report on Tuesday, January 2nd. Finally, Aegis cut Cimpress from a “hold” rating to a “sell” rating and set a $110.00 target price on the stock. in a research report on Friday, January 26th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $109.50.
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Cimpress N.V. operates as a technology based company in North America, Europe, Australia, New Zealand, South America, the Asia Pacific, and internationally. It aggregates individually customized orders for a range of print, signage, apparel, and related products primarily through the Internet. The company operates through four segments: Vistaprint, Upload and Print, National Pen, and All Other Businesses.
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