Sei Investments Co. Buys 5,117 Shares of Cimpress plc $CMPR

Sei Investments Co. lifted its position in Cimpress plc (NASDAQ:CMPR) by 8.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 66,431 shares of the business services provider’s stock after buying an additional 5,117 shares during the quarter. Sei Investments Co.’s holdings in Cimpress were worth $4,849,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in CMPR. Jackson Creek Investment Advisors LLC acquired a new stake in Cimpress in the fourth quarter valued at $1,847,000. Wakefield Asset Management LLLP bought a new position in shares of Cimpress in the 4th quarter valued at about $1,066,000. Dimensional Fund Advisors LP increased its stake in shares of Cimpress by 4.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 446,936 shares of the business services provider’s stock worth $32,627,000 after purchasing an additional 18,262 shares during the last quarter. First Trust Advisors LP increased its stake in shares of Cimpress by 13.0% during the 1st quarter. First Trust Advisors LP now owns 113,816 shares of the business services provider’s stock worth $8,309,000 after purchasing an additional 13,133 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC raised its holdings in shares of Cimpress by 11.5% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 13,597 shares of the business services provider’s stock valued at $1,007,000 after purchasing an additional 1,403 shares during the period. 77.64% of the stock is owned by institutional investors.

Insider Buying and Selling at Cimpress

In related news, EVP Sean Edward Quinn sold 5,009 shares of the business’s stock in a transaction that occurred on Thursday, May 28th. The stock was sold at an average price of $104.22, for a total value of $522,037.98. Following the completion of the sale, the executive vice president directly owned 28,937 shares in the company, valued at approximately $3,015,814.14. The trade was a 14.76% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 10.20% of the company’s stock.

Cimpress Trading Down 2.0%

Cimpress stock opened at $100.71 on Thursday. Cimpress plc has a 12 month low of $54.23 and a 12 month high of $106.57. The stock’s 50 day moving average is $95.83 and its 200-day moving average is $85.17. The company has a market capitalization of $2.44 billion, a price-to-earnings ratio of 26.71 and a beta of 1.80.

Cimpress (NASDAQ:CMPR) last released its quarterly earnings results on Wednesday, July 29th. The business services provider reported $0.97 earnings per share for the quarter, missing the consensus estimate of $1.22 by ($0.25). Cimpress had a negative return on equity of 18.24% and a net margin of 2.57%.The firm had revenue of $944.96 million for the quarter, compared to analyst estimates of $945.53 million. As a group, equities research analysts predict that Cimpress plc will post 4.51 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on CMPR shares. Zacks Research upgraded shares of Cimpress from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, June 2nd. Weiss Ratings reissued a “hold (c)” rating on shares of Cimpress in a research report on Friday, July 24th. Truist Financial dropped their price objective on Cimpress from $110.00 to $108.00 and set a “buy” rating on the stock in a research note on Friday, July 31st. Barrington Research raised their price objective on Cimpress from $95.00 to $113.00 and gave the company an “outperform” rating in a research report on Wednesday, May 6th. Finally, Wall Street Zen downgraded Cimpress from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 1st. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $110.50.

Cimpress Profile

Cimpress NV is a global leader in mass customization and web-to-print services, offering businesses and consumers an online platform to design, order and personalize printed marketing materials and promotional products. As the parent company of Vistaprint and a portfolio of regional print service providers, Cimpress leverages proprietary technology to connect millions of small- and medium-sized customers with a network of manufacturing facilities around the world. Its product range spans business cards, brochures, signage, labels, apparel, packaging and a variety of bespoke merchandise.

The company traces its roots to Vistaprint, founded in 1995 by Robert W.