Ingalls & Snyder LLC grew its stake in Cimpress NV (NASDAQ:CMPR) by 1.6% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 166,923 shares of the business services provider’s stock after purchasing an additional 2,678 shares during the quarter. Ingalls & Snyder LLC’s holdings in Cimpress were worth $13,376,000 at the end of the most recent reporting period.
Several other hedge funds also recently bought and sold shares of the company. Geode Capital Management LLC lifted its stake in shares of Cimpress by 13.9% in the 4th quarter. Geode Capital Management LLC now owns 99,413 shares of the business services provider’s stock valued at $10,281,000 after purchasing an additional 12,121 shares during the period. Norges Bank acquired a new position in shares of Cimpress in the 4th quarter valued at $21,233,000. Amalgamated Bank acquired a new position in shares of Cimpress in the 4th quarter valued at $332,000. Legal & General Group Plc lifted its stake in shares of Cimpress by 6.0% in the 4th quarter. Legal & General Group Plc now owns 9,292 shares of the business services provider’s stock valued at $961,000 after purchasing an additional 524 shares during the period. Finally, Amundi Pioneer Asset Management Inc. acquired a new position in shares of Cimpress in the 4th quarter valued at $145,000. 87.32% of the stock is currently owned by institutional investors.
A number of research analysts have recently weighed in on the company. Barrington Research reissued a “buy” rating and issued a $135.00 price target on shares of Cimpress in a research note on Tuesday, January 29th. Aegis downgraded Cimpress from a “hold” rating to a “sell” rating and set a $75.98 price objective on the stock. in a research note on Tuesday, March 12th. Zacks Investment Research downgraded Cimpress from a “hold” rating to a “strong sell” rating in a research note on Wednesday, January 2nd. ValuEngine downgraded Cimpress from a “hold” rating to a “sell” rating in a research note on Thursday, January 31st. Finally, BidaskClub raised Cimpress from a “hold” rating to a “buy” rating in a research note on Thursday, January 10th. Four investment analysts have rated the stock with a sell rating, one has assigned a hold rating and one has given a buy rating to the company’s stock. Cimpress has an average rating of “Hold” and a consensus price target of $110.33.
Cimpress (NASDAQ:CMPR) last issued its quarterly earnings data on Wednesday, January 30th. The business services provider reported $2.17 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $2.38 by ($0.21). The business had revenue of $825.57 million for the quarter, compared to analyst estimates of $854.97 million. Cimpress had a return on equity of 58.85% and a net margin of 1.67%. The business’s quarterly revenue was up 8.3% compared to the same quarter last year. During the same period in the previous year, the business posted $0.93 EPS. Analysts predict that Cimpress NV will post 2.55 EPS for the current fiscal year.
In other Cimpress news, CFO Sean Edward Quinn acquired 1,350 shares of the company’s stock in a transaction that occurred on Monday, March 11th. The shares were acquired at an average price of $76.07 per share, with a total value of $102,694.50. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 18.40% of the company’s stock.
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Cimpress N.V. provides various mass customization services in the United States, Germany, and internationally. The company delivers various volumes of individually small-sized customized orders for a range of print, signage, photo merchandise, invitation and announcement, packaging, apparel, and other categories primarily through the Internet.
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