Victory Capital Management Inc. Raises Stock Position in Cimpress plc (NASDAQ:CMPR)

Victory Capital Management Inc. lifted its stake in shares of Cimpress plc (NASDAQ:CMPR) by 27.9% in the 4th quarter, Holdings Channel reports. The institutional investor owned 4,188 shares of the business services provider’s stock after acquiring an additional 914 shares during the quarter. Victory Capital Management Inc.’s holdings in Cimpress were worth $300,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of CMPR. Connor Clark & Lunn Investment Management Ltd. lifted its position in shares of Cimpress by 42.8% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 98,322 shares of the business services provider’s stock worth $8,055,000 after buying an additional 29,484 shares during the last quarter. Moran Wealth Management LLC lifted its position in shares of Cimpress by 35.4% during the 3rd quarter. Moran Wealth Management LLC now owns 6,302 shares of the business services provider’s stock worth $516,000 after buying an additional 1,649 shares during the last quarter. Intech Investment Management LLC acquired a new position in shares of Cimpress in the 3rd quarter valued at $477,000. Dynamic Technology Lab Private Ltd acquired a new position in shares of Cimpress in the 3rd quarter valued at $439,000. Finally, Advantage Alpha Capital Partners LP acquired a new position in shares of Cimpress in the 3rd quarter valued at $2,932,000. Hedge funds and other institutional investors own 77.64% of the company’s stock.

Cimpress Stock Performance

Shares of CMPR opened at $43.32 on Friday. The stock has a market capitalization of $1.09 billion, a P/E ratio of 7.17, a P/E/G ratio of 0.50 and a beta of 2.22. The company’s fifty day moving average is $56.30 and its two-hundred day moving average is $71.10. Cimpress plc has a 1 year low of $41.24 and a 1 year high of $104.92.

Cimpress (NASDAQ:CMPR) last announced its quarterly earnings data on Wednesday, January 29th. The business services provider reported $2.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.52 by ($0.16). Cimpress had a net margin of 4.75% and a negative return on equity of 27.64%. Sell-side analysts predict that Cimpress plc will post 3.69 EPS for the current year.

Analyst Ratings Changes

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

Insider Buying and Selling at Cimpress

In other news, CFO Sean Edward Quinn acquired 5,000 shares of the company’s stock in a transaction on Friday, March 14th. The shares were bought at an average cost of $41.50 per share, with a total value of $207,500.00. Following the purchase, the chief financial officer now owns 20,224 shares of the company’s stock, valued at $839,296. This represents a 32.84 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 17.80% of the stock is currently owned by corporate insiders.

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.