Handelsbanken Fonder AB Sells 1,500 Shares of Cimpress plc (NASDAQ:CMPR)

Handelsbanken Fonder AB decreased its holdings in Cimpress plc (NASDAQ:CMPR) by 21.4% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,496 shares of the business services provider’s stock after selling 1,500 shares during the period. Handelsbanken Fonder AB’s holdings in Cimpress were worth $440,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of CMPR. DekaBank Deutsche Girozentrale bought a new position in shares of Cimpress during the third quarter worth approximately $88,000. Contravisory Investment Management Inc. bought a new position in shares of Cimpress during the fourth quarter worth approximately $185,000. Crestwood Advisors Group LLC bought a new position in shares of Cimpress during the third quarter worth approximately $210,000. VELA Investment Management LLC bought a new position in shares of Cimpress during the fourth quarter worth approximately $239,000. Finally, Grantham Mayo Van Otterloo & Co. LLC bought a new position in shares of Cimpress during the third quarter worth approximately $240,000. Institutional investors own 77.64% of the company’s stock.

Insiders Place Their Bets

In other Cimpress news, CEO Florian Baumgartner sold 3,410 shares of Cimpress stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $84.83, for a total transaction of $289,270.30. Following the transaction, the chief executive officer now directly owns 29,804 shares of the company’s stock, valued at approximately $2,528,273.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, EVP Maarten Wensveen sold 1,651 shares of Cimpress stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $90.00, for a total value of $148,590.00. Following the completion of the transaction, the executive vice president now directly owns 10,779 shares of the company’s stock, valued at approximately $970,110. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Florian Baumgartner sold 3,410 shares of Cimpress stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $84.83, for a total value of $289,270.30. Following the completion of the transaction, the chief executive officer now directly owns 29,804 shares of the company’s stock, valued at $2,528,273.32. The disclosure for this sale can be found here. In the last three months, insiders have sold 25,292 shares of company stock valued at $2,319,309. 17.90% of the stock is currently owned by company insiders.

Cimpress Stock Performance

Shares of CMPR stock opened at $84.30 on Thursday. The stock’s fifty day moving average price is $91.36 and its two-hundred day moving average price is $80.22. The company has a market cap of $2.25 billion, a PE ratio of 55.83, a P/E/G ratio of 1.18 and a beta of 1.97. Cimpress plc has a fifty-two week low of $42.84 and a fifty-two week high of $100.01.

Cimpress (NASDAQ:CMPR) last released its quarterly earnings data on Wednesday, January 31st. The business services provider reported $2.14 earnings per share for the quarter, beating the consensus estimate of $1.24 by $0.90. The company had revenue of $921.36 million for the quarter, compared to the consensus estimate of $901.13 million. Cimpress had a negative return on equity of 10.76% and a net margin of 1.31%. On average, equities analysts predict that Cimpress plc will post 3.16 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

CMPR has been the topic of a number of recent research reports. Barrington Research raised their price objective on Cimpress from $100.00 to $113.00 and gave the stock an “outperform” rating in a research note on Monday, February 5th. Truist Financial raised their price objective on Cimpress from $90.00 to $110.00 and gave the stock a “buy” rating in a research note on Friday, February 2nd.

About Cimpress

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.