Federated Hermes Inc. Takes Position in Cimpress plc (NASDAQ:CMPR)

Federated Hermes Inc. purchased a new position in Cimpress plc (NASDAQ:CMPR – Get Rating) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 40,516 shares of the business services provider’s stock, valued at approximately $992,000. Federated Hermes Inc. owned approximately 0.15% of Cimpress as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of the company. Envestnet Asset Management Inc. grew its stake in Cimpress by 10.1% in the first quarter. Envestnet Asset Management Inc. now owns 3,168 shares of the business services provider’s stock worth $201,000 after purchasing an additional 290 shares in the last quarter. Price T Rowe Associates Inc. MD grew its stake in Cimpress by 8.2% in the second quarter. Price T Rowe Associates Inc. MD now owns 9,207 shares of the business services provider’s stock worth $358,000 after purchasing an additional 698 shares in the last quarter. Beacon Pointe Advisors LLC grew its stake in Cimpress by 23.0% in the first quarter. Beacon Pointe Advisors LLC now owns 4,122 shares of the business services provider’s stock worth $262,000 after purchasing an additional 770 shares in the last quarter. Zebra Capital Management LLC grew its stake in Cimpress by 16.7% in the first quarter. Zebra Capital Management LLC now owns 5,503 shares of the business services provider’s stock worth $350,000 after purchasing an additional 789 shares in the last quarter. Finally, Nisa Investment Advisors LLC grew its stake in Cimpress by 987.5% in the third quarter. Nisa Investment Advisors LLC now owns 1,653 shares of the business services provider’s stock worth $36,000 after purchasing an additional 1,501 shares in the last quarter. 79.14% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Truist Financial decreased their price target on Cimpress from $85.00 to $45.00 and set a “buy” rating for the company in a research note on Friday, January 27th.

Cimpress Stock Down 0.5 %

Shares of CMPR stock opened at $33.74 on Tuesday. The business has a 50 day moving average of $33.48 and a two-hundred day moving average of $29.27. Cimpress plc has a 52 week low of $18.00 and a 52 week high of $67.31. The company has a market cap of $885.34 million, a P/E ratio of -3.30 and a beta of 1.63.

Insider Buying and Selling at Cimpress

In other news, CEO Robert S. Keane sold 17,732 shares of the business’s stock in a transaction that occurred on Wednesday, December 14th. The stock was sold at an average price of $27.73, for a total transaction of $491,708.36. Following the completion of the transaction, the chief executive officer now directly owns 7,066 shares in the company, valued at $195,940.18. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other Cimpress news, CEO Robert S. Keane acquired 9,801 shares of Cimpress stock in a transaction dated Wednesday, February 8th. The stock was acquired at an average cost of $39.07 per share, for a total transaction of $382,925.07. Following the completion of the transaction, the chief executive officer now owns 138,669 shares in the company, valued at approximately $5,417,797.83. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Robert S. Keane sold 17,732 shares of the business’s stock in a transaction that occurred on Wednesday, December 14th. The stock was sold at an average price of $27.73, for a total value of $491,708.36. Following the transaction, the chief executive officer now owns 7,066 shares of the company’s stock, valued at $195,940.18. The disclosure for this sale can be found here. Insiders purchased a total of 65,885 shares of company stock worth $2,474,215 over the last ninety days. Company insiders own 18.00% of the company’s stock.

Cimpress Company Profile

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Cimpress Plc invests in and builds entrepreneurial and mass-customization businesses. The firm operates through the following segments: Vistaprint, PrintBrothers, The Print Group, National Pen, and All Other Businesses. The Vistaprint segment refers to the operations of global vistaprint websites and webs-branded business, which is managed with the vistaprint-branded digital business.