Legal & General Group Plc Cuts Position in Cimpress N.V (CMPR)

Legal & General Group Plc cut its position in Cimpress N.V (NASDAQ:CMPR) by 1.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,849 shares of the business services provider’s stock after selling 124 shares during the period. Legal & General Group Plc’s holdings in Cimpress N.V were worth $760,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the company. FMR LLC raised its stake in shares of Cimpress N.V by 12.8% in the first quarter. FMR LLC now owns 2,600,000 shares of the business services provider’s stock worth $224,094,000 after buying an additional 295,000 shares in the last quarter. Turtle Creek Asset Management Inc. raised its stake in shares of Cimpress N.V by 41.4% in the first quarter. Turtle Creek Asset Management Inc. now owns 492,653 shares of the business services provider’s stock worth $42,462,000 after buying an additional 144,262 shares in the last quarter. Alliancebernstein L.P. raised its stake in shares of Cimpress N.V by 14.2% in the first quarter. Alliancebernstein L.P. now owns 485,228 shares of the business services provider’s stock worth $41,822,000 after buying an additional 60,483 shares in the last quarter. Ingalls & Snyder LLC raised its stake in shares of Cimpress N.V by 1.3% in the first quarter. Ingalls & Snyder LLC now owns 168,605 shares of the business services provider’s stock worth $14,532,000 after buying an additional 2,113 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its stake in Cimpress N.V by 2.2% in the first quarter. Bank of New York Mellon Corp now owns 123,450 shares of the business services provider’s stock valued at $10,640,000 after buying an additional 2,659 shares during the period. 98.61% of the stock is currently owned by institutional investors and hedge funds.

Shares of Cimpress N.V (NASDAQ:CMPR) traded up 1.44% during trading on Friday, hitting $88.13. 140,556 shares of the stock traded hands. The stock’s market cap is $2.77 billion. The stock has a 50 day moving average price of $92.11 and a 200-day moving average price of $87.64. Cimpress N.V has a 1-year low of $78.80 and a 1-year high of $104.18.

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Several research firms have issued reports on CMPR. BidaskClub raised shares of Cimpress N.V from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, July 12th. Zacks Investment Research raised shares of Cimpress N.V from a “hold” rating to a “strong-buy” rating and set a $109.00 price target on the stock in a research report on Tuesday, July 4th. Cantor Fitzgerald reaffirmed a “hold” rating on shares of Cimpress N.V in a research report on Monday, June 26th. ValuEngine lowered shares of Cimpress N.V from a “hold” rating to a “sell” rating in a research report on Friday, July 28th. Finally, Jefferies Group LLC reaffirmed a “hold” rating and set a $84.00 price target on shares of Cimpress N.V in a research report on Thursday, April 27th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $87.40.

In other news, CFO Sean Edward Quinn sold 1,660 shares of Cimpress N.V stock in a transaction on Friday, July 7th. The stock was sold at an average price of $95.00, for a total transaction of $157,700.00. Following the sale, the chief financial officer now directly owns 2,422 shares in the company, valued at approximately $230,090. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Katryn Blake sold 2,309 shares of Cimpress N.V stock in a transaction on Friday, July 7th. The stock was sold at an average price of $95.00, for a total value of $219,355.00. Following the sale, the insider now owns 11,222 shares in the company, valued at $1,066,090. The disclosure for this sale can be found here. Insiders have sold a total of 6,608 shares of company stock worth $615,281 over the last quarter. Company insiders own 11.50% of the company’s stock.

About Cimpress N.V

Cimpress N.V., formerly Vistaprint N.V., is a technology driven company, which aggregates through the Internet, large volumes of small, individually customized orders for a spectrum of print, signage, apparel and similar products. The Company operates through segments, which include Vistaprint business unit, Upload and Print business units and All Other business units.

Institutional Ownership by Quarter for Cimpress N.V (NASDAQ:CMPR)

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