Cimpress plc (NASDAQ:CMPR) Shares Purchased by Lazard Asset Management LLC

Lazard Asset Management LLC raised its position in shares of Cimpress plc (NASDAQ:CMPR) by 9,821.4% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 156,361 shares of the business services provider’s stock after purchasing an additional 154,785 shares during the period. Lazard Asset Management LLC owned 0.61% of Cimpress worth $13,838,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Principal Financial Group Inc. bought a new position in Cimpress in the 1st quarter worth approximately $200,000. Olympiad Research LP acquired a new position in shares of Cimpress during the fourth quarter valued at $212,000. Advisory Services Network LLC bought a new stake in shares of Cimpress during the fourth quarter valued at about $216,000. GM Advisory Group LLC acquired a new stake in Cimpress in the first quarter worth about $239,000. Finally, Los Angeles Capital Management LLC bought a new position in Cimpress in the 1st quarter valued at about $245,000. Institutional investors own 77.64% of the company’s stock.

Analysts Set New Price Targets

CMPR has been the subject of a number of research analyst reports. StockNews.com lowered shares of Cimpress from a “strong-buy” rating to a “buy” rating in a research note on Monday, May 6th. Barrington Research reissued an “outperform” rating and set a $113.00 target price on shares of Cimpress in a report on Tuesday, May 28th.

Cimpress Trading Up 1.8 %

CMPR stock traded up $1.62 during trading hours on Friday, hitting $90.78. 122,279 shares of the stock traded hands, compared to its average volume of 119,824. The stock has a 50-day simple moving average of $86.95 and a 200 day simple moving average of $87.11. Cimpress plc has a one year low of $57.01 and a one year high of $100.01. The company has a market cap of $2.31 billion, a P/E ratio of 28.02, a P/E/G ratio of 0.79 and a beta of 2.00.

Cimpress (NASDAQ:CMPR) last released its earnings results on Wednesday, May 1st. The business services provider reported ($0.15) EPS for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.29). The business had revenue of $780.59 million during the quarter, compared to the consensus estimate of $782.65 million. Cimpress had a negative return on equity of 14.44% and a net margin of 2.69%. During the same quarter in the previous year, the firm earned ($0.97) earnings per share. Analysts forecast that Cimpress plc will post 2.92 earnings per share for the current year.

Insider Buying and Selling at Cimpress

In other news, CEO Florian Baumgartner sold 4,034 shares of the firm’s stock in a transaction on Monday, July 1st. The stock was sold at an average price of $86.40, for a total transaction of $348,537.60. Following the completion of the sale, the chief executive officer now directly owns 19,550 shares of the company’s stock, valued at approximately $1,689,120. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Over the last 90 days, insiders have sold 18,924 shares of company stock valued at $1,584,807. Corporate insiders own 17.90% of the company’s stock.

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.