M&T Bank Corp Sells 3,910 Shares of Cimpress plc (NASDAQ:CMPR)

M&T Bank Corp reduced its position in shares of Cimpress plc (NASDAQ:CMPR) by 27.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 10,594 shares of the business services provider’s stock after selling 3,910 shares during the period. M&T Bank Corp’s holdings in Cimpress were worth $868,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Sequoia Financial Advisors LLC bought a new stake in Cimpress during the 3rd quarter worth approximately $7,582,000. Diamond Hill Capital Management Inc. grew its stake in shares of Cimpress by 6.3% in the third quarter. Diamond Hill Capital Management Inc. now owns 450,253 shares of the business services provider’s stock worth $36,885,000 after purchasing an additional 26,727 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Cimpress by 54.5% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 26,420 shares of the business services provider’s stock worth $2,164,000 after purchasing an additional 9,324 shares during the last quarter. Hussman Strategic Advisors Inc. acquired a new stake in Cimpress in the second quarter valued at $2,208,000. Finally, Millennium Management LLC raised its position in Cimpress by 34.6% during the 2nd quarter. Millennium Management LLC now owns 42,950 shares of the business services provider’s stock worth $3,763,000 after purchasing an additional 11,041 shares during the last quarter. Institutional investors and hedge funds own 77.64% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on CMPR shares. Truist Financial decreased their price target on Cimpress from $120.00 to $110.00 and set a “buy” rating for the company in a research note on Friday, November 1st. Barrington Research increased their target price on shares of Cimpress from $113.00 to $119.00 and gave the company an “outperform” rating in a research report on Tuesday, August 27th. Finally, StockNews.com lowered shares of Cimpress from a “strong-buy” rating to a “buy” rating in a research note on Friday, November 8th.

Cimpress Trading Up 2.2 %

CMPR stock opened at $80.49 on Tuesday. The firm has a market cap of $2.02 billion, a PE ratio of 13.83, a price-to-earnings-growth ratio of 0.68 and a beta of 2.08. The stock has a 50-day moving average price of $79.27 and a 200-day moving average price of $84.60. Cimpress plc has a 1-year low of $58.05 and a 1-year high of $104.92.

Cimpress (NASDAQ:CMPR) last issued its earnings results on Wednesday, October 30th. The business services provider reported ($0.50) earnings per share for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.80). The business had revenue of $804.97 million during the quarter, compared to the consensus estimate of $800.51 million. Cimpress had a negative return on equity of 27.15% and a net margin of 4.69%. During the same quarter in the previous year, the firm posted $0.17 earnings per share. On average, analysts forecast that Cimpress plc will post 4.27 earnings per share for the current year.

Cimpress Company 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.