Bank of New York Mellon Corp decreased its stake in Cimpress NV (NASDAQ:CMPR) by 4.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 100,905 shares of the business services provider’s stock after selling 4,935 shares during the period. Bank of New York Mellon Corp’s holdings in Cimpress were worth $14,627,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Bank of Montreal Can raised its position in shares of Cimpress by 863.2% in the 2nd quarter. Bank of Montreal Can now owns 10,508 shares of the business services provider’s stock worth $1,523,000 after acquiring an additional 9,417 shares in the last quarter. CIBC Private Wealth Group LLC raised its position in shares of Cimpress by 11.9% in the 2nd quarter. CIBC Private Wealth Group LLC now owns 35,304 shares of the business services provider’s stock worth $5,118,000 after acquiring an additional 3,743 shares in the last quarter. LMR Partners LLP bought a new position in shares of Cimpress in the 2nd quarter worth approximately $584,000. Sei Investments Co. grew its stake in shares of Cimpress by 14.4% in the 2nd quarter. Sei Investments Co. now owns 15,908 shares of the business services provider’s stock worth $2,305,000 after buying an additional 2,004 shares during the last quarter. Finally, SG Americas Securities LLC grew its stake in shares of Cimpress by 113.4% in the 2nd quarter. SG Americas Securities LLC now owns 5,962 shares of the business services provider’s stock worth $864,000 after buying an additional 3,168 shares during the last quarter. Hedge funds and other institutional investors own 86.62% of the company’s stock.
Cimpress stock opened at $115.65 on Thursday. The company has a current ratio of 0.55, a quick ratio of 0.39 and a debt-to-equity ratio of 11.31. The company has a market capitalization of $3.73 billion, a P/E ratio of 136.06, a P/E/G ratio of 1.53 and a beta of 0.01. Cimpress NV has a twelve month low of $109.00 and a twelve month high of $171.76.
Cimpress (NASDAQ:CMPR) last posted its quarterly earnings results on Wednesday, October 31st. The business services provider reported ($0.47) earnings per share for the quarter, missing the consensus estimate of ($0.22) by ($0.25). The company had revenue of $588.98 million during the quarter, compared to analysts’ expectations of $615.35 million. Cimpress had a return on equity of 19.98% and a net margin of 0.22%. The business’s quarterly revenue was up 4.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.72 EPS. On average, analysts expect that Cimpress NV will post 3.07 EPS for the current fiscal year.
In other Cimpress news, Director John J. Gavin, Jr. sold 9,548 shares of the stock in a transaction on Friday, November 2nd. The stock was sold at an average price of $113.61, for a total transaction of $1,084,748.28. Following the sale, the director now directly owns 9,548 shares in the company, valued at approximately $1,084,748.28. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Cornelis David Arends bought 400 shares of the business’s stock in a transaction on Wednesday, November 21st. The shares were acquired at an average price of $114.41 per share, for a total transaction of $45,764.00. The disclosure for this purchase can be found here. Insiders purchased a total of 600 shares of company stock worth $68,614 in the last 90 days. 18.40% of the stock is currently owned by company insiders.
Several analysts recently weighed in on CMPR shares. BidaskClub downgraded Cimpress from a “hold” rating to a “sell” rating in a research note on Friday, October 5th. Barrington Research set a $165.00 price target on Cimpress and gave the stock a “buy” rating in a research note on Wednesday, September 26th. Zacks Investment Research downgraded Cimpress from a “buy” rating to a “hold” rating in a research note on Monday, October 15th. Finally, ValuEngine downgraded Cimpress from a “buy” rating to a “hold” rating in a research note on Tuesday, September 4th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $134.67.
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Cimpress N.V. provides various mass customization services in the United States, Germany, and internationally. The company delivers various volumes of individually small-sized customized orders for a range of print, signage, photo merchandise, invitation and announcement, packaging, apparel, and other categories primarily through the Internet.
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