Janus Henderson Group PLC Grows Stock Position in Cimpress plc (NASDAQ:CMPR)

Janus Henderson Group PLC grew its position in shares of Cimpress plc (NASDAQ:CMPR) by 5.2% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,847,327 shares of the business services provider’s stock after purchasing an additional 140,899 shares during the period. Janus Henderson Group PLC owned approximately 11.32% of Cimpress worth $233,253,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the company. Price T Rowe Associates Inc. MD increased its stake in Cimpress by 5.7% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 12,039 shares of the business services provider’s stock worth $1,066,000 after buying an additional 648 shares during the period. Harbor Capital Advisors Inc. boosted its holdings in Cimpress by 31.5% in the second quarter. Harbor Capital Advisors Inc. now owns 11,367 shares of the business services provider’s stock valued at $996,000 after purchasing an additional 2,725 shares during the last quarter. CWM LLC grew its stake in Cimpress by 166.3% during the 2nd quarter. CWM LLC now owns 831 shares of the business services provider’s stock valued at $73,000 after purchasing an additional 519 shares in the last quarter. Contravisory Investment Management Inc. increased its holdings in Cimpress by 135.6% during the 2nd quarter. Contravisory Investment Management Inc. now owns 5,271 shares of the business services provider’s stock worth $462,000 after purchasing an additional 3,034 shares during the last quarter. Finally, Pallas Capital Advisors LLC raised its position in shares of Cimpress by 40.7% in the 2nd quarter. Pallas Capital Advisors LLC now owns 11,616 shares of the business services provider’s stock valued at $1,094,000 after purchasing an additional 3,360 shares in the last quarter. 77.64% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Cimpress Price Performance

CMPR stock opened at $80.29 on Wednesday. The firm has a market cap of $2.02 billion, a price-to-earnings ratio of 13.80, a PEG ratio of 0.72 and a beta of 2.08. Cimpress plc has a 1-year low of $58.05 and a 1-year high of $104.92. The firm has a fifty day moving average price of $79.33 and a two-hundred day moving average price of $84.72.

Cimpress (NASDAQ:CMPR) last issued its earnings results on Wednesday, October 30th. The business services provider reported ($0.50) earnings per share (EPS) 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 period in the prior year, the business earned $0.17 EPS. As a group, analysts expect that Cimpress plc will post 4.27 EPS for the current fiscal year.

Insider Buying and Selling

In other news, CEO Robert S. Keane sold 396 shares of the business’s stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $97.55, for a total transaction of $38,629.80. Following the completion of the transaction, the chief executive officer now directly owns 986,785 shares in the company, valued at approximately $96,260,876.75. The trade was a 0.04 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 17.80% of the stock is owned by company 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.