Diamond Hill Capital Management LLC Investment Advisor Purchases New Shares in Cimpress plc $CMPR

by · The Cerbat Gem

Diamond Hill Capital Management LLC Investment Advisor purchased a new position in Cimpress plc (NASDAQ:CMPR – Free Report) during the 2nd quarter, HoldingsChannel.com reports. The fund purchased 499,793 shares of the business services provider’s stock, valued at approximately $50,829,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of CMPR. KBC Group NV purchased a new position in shares of Cimpress during the 1st quarter valued at approximately $30,000. Financial Management Professionals Inc. bought a new stake in shares of Cimpress in the second quarter worth $33,000. Allworth Financial LP increased its stake in shares of Cimpress by 250.0% in the third quarter. Allworth Financial LP now owns 518 shares of the business services provider’s stock worth $33,000 after buying an additional 370 shares during the last quarter. Headlands Technologies LLC raised its holdings in Cimpress by 32.3% in the second quarter. Headlands Technologies LLC now owns 986 shares of the business services provider’s stock valued at $46,000 after acquiring an additional 241 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in Cimpress in the second quarter valued at $51,000. Hedge funds and other institutional investors own 77.64% of the company’s stock.

Insider Activity at Cimpress

In other news, EVP Sean Edward Quinn sold 22,980 shares of the company’s stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $104.61, for a total transaction of $2,403,937.80. Following the completion of the transaction, the executive vice president directly owned 28,937 shares of the company’s stock, valued at approximately $3,027,099.57. This represents a 44.26% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Robert S. Keane sold 6,500 shares of the stock in a transaction that occurred on Tuesday, August 11th. The stock was sold at an average price of $96.09, for a total value of $624,585.00. Following the sale, the chief executive officer owned 76,177 shares in the company, valued at $7,319,847.93. The trade was a 7.86% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 34,489 shares of company stock valued at $3,550,561 over the last ninety days. Corporate insiders own 10.20% of the company’s stock.

Cimpress Price Performance

Cimpress stock opened at $94.46 on Monday. Cimpress plc has a 12 month low of $56.34 and a 12 month high of $106.57. The company has a fifty day moving average price of $95.63 and a two-hundred day moving average price of $86.00. The company has a market cap of $2.30 billion, a PE ratio of 25.06 and a beta of 1.80.

Cimpress (NASDAQ:CMPR – Get Free Report) last announced its quarterly earnings data on Wednesday, July 29th. The business services provider reported $0.97 earnings per share for the quarter, missing analysts’ consensus estimates of $1.22 by ($0.25). The business had revenue of $944.96 million for the quarter, compared to the consensus estimate of $945.53 million. Cimpress had a net margin of 2.57% and a negative return on equity of 18.83%. Equities research analysts anticipate that Cimpress plc will post 4.45 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. Truist Financial decreased their price objective on shares of Cimpress from $110.00 to $108.00 and set a “buy” rating for the company in a report on Friday, July 31st. Wall Street Zen cut shares of Cimpress from a “buy” rating to a “hold” rating in a research report on Saturday. Barrington Research set a $121.00 price target on Cimpress in a research note on Tuesday, August 11th. Weiss Ratings raised Cimpress from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, August 11th. Finally, Zacks Research cut Cimpress from a “strong-buy” rating to a “hold” rating in a research note on Thursday. Three equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $114.50.

Check Out Our Latest Stock Analysis on Cimpress

About Cimpress

(Free Report)

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.

Further Reading

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