Norges Bank Takes Position in Cimpress plc (NASDAQ:CMPR)

Norges Bank acquired a new position in Cimpress plc (NASDAQ:CMPR) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 49,411 shares of the business services provider’s stock, valued at approximately $3,544,000.

Several other hedge funds have also recently bought and sold shares of CMPR. Diamond Hill Capital Management Inc. raised its holdings in shares of Cimpress by 31.5% during the fourth quarter. Diamond Hill Capital Management Inc. now owns 592,195 shares of the business services provider’s stock valued at $42,472,000 after buying an additional 141,942 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its holdings in Cimpress by 39.1% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 136,724 shares of the business services provider’s stock worth $9,806,000 after buying an additional 38,402 shares in the last quarter. JPMorgan Chase & Co. increased its position in Cimpress by 169.9% in the 4th quarter. JPMorgan Chase & Co. now owns 59,209 shares of the business services provider’s stock valued at $4,246,000 after acquiring an additional 37,272 shares during the period. Barclays PLC raised its stake in Cimpress by 70.3% during the 3rd quarter. Barclays PLC now owns 63,825 shares of the business services provider’s stock valued at $5,229,000 after acquiring an additional 26,342 shares in the last quarter. Finally, FMR LLC boosted its position in Cimpress by 26.5% during the 3rd quarter. FMR LLC now owns 78,216 shares of the business services provider’s stock worth $6,407,000 after acquiring an additional 16,380 shares during the period. 77.64% of the stock is currently owned by institutional investors.

Insider Activity at Cimpress

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

Cimpress Stock Performance

CMPR opened at $42.94 on Friday. The company has a market capitalization of $1.08 billion, a PE ratio of 7.11, a P/E/G ratio of 0.50 and a beta of 1.94. The stock’s fifty day moving average is $47.28 and its 200-day moving average is $66.53. Cimpress plc has a one year low of $39.11 and a one year high of $104.92.

Cimpress (NASDAQ:CMPR) last released its earnings results on Wednesday, January 29th. The business services provider reported $2.36 earnings per share (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 research analysts forecast that Cimpress plc will post 3.69 EPS for the current fiscal year.

Wall Street Analyst Weigh In

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

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.