Federated Hermes Inc. Has $8.56 Million Position in Cimpress plc (NASDAQ:CMPR)

Federated Hermes Inc. decreased its position in shares of Cimpress plc (NASDAQ:CMPR) by 0.9% during the 4th quarter, Holdings Channel reports. The institutional investor owned 106,865 shares of the business services provider’s stock after selling 991 shares during the quarter. Federated Hermes Inc.’s holdings in Cimpress were worth $8,555,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. DekaBank Deutsche Girozentrale bought a new stake in shares of Cimpress during the third quarter worth $88,000. Contravisory Investment Management Inc. acquired a new position in Cimpress during the 4th quarter valued at about $185,000. VELA Investment Management LLC bought a new position in shares of Cimpress in the 4th quarter valued at about $239,000. Crestwood Advisors Group LLC acquired a new stake in shares of Cimpress during the 3rd quarter worth approximately $210,000. Finally, Grantham Mayo Van Otterloo & Co. LLC bought a new stake in shares of Cimpress during the third quarter worth approximately $240,000. 77.64% of the stock is currently owned by institutional investors.

Cimpress Price Performance

Shares of Cimpress stock opened at $89.38 on Thursday. Cimpress plc has a 1 year low of $42.78 and a 1 year high of $100.01. The business has a 50-day moving average of $91.47 and a two-hundred day moving average of $79.54. The company has a market capitalization of $2.38 billion, a P/E ratio of 59.19, a price-to-earnings-growth ratio of 1.20 and a beta of 1.97.

Cimpress (NASDAQ:CMPR) last announced its quarterly earnings results on Wednesday, January 31st. The business services provider reported $2.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.24 by $0.90. Cimpress had a negative return on equity of 10.76% and a net margin of 1.31%. The company had revenue of $921.36 million during the quarter, compared to the consensus estimate of $901.13 million. On average, equities analysts anticipate that Cimpress plc will post 3.16 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. Truist Financial increased their price target on Cimpress from $90.00 to $110.00 and gave the company a “buy” rating in a research note on Friday, February 2nd. Barrington Research upped their price objective on shares of Cimpress from $100.00 to $113.00 and gave the company an “outperform” rating in a research report on Monday, February 5th.

Insiders Place Their Bets

In other Cimpress news, CEO Florian Baumgartner sold 5,683 shares of the stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $92.81, for a total value of $527,439.23. Following the completion of the sale, the chief executive officer now directly owns 33,793 shares in the company, valued at $3,136,328.33. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Cimpress news, CEO Florian Baumgartner sold 5,683 shares of the stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $92.81, for a total value of $527,439.23. Following the completion of the sale, the chief executive officer now directly owns 33,793 shares in the company, valued at $3,136,328.33. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Maarten Wensveen sold 1,651 shares of the stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $90.00, for a total value of $148,590.00. Following the transaction, the executive vice president now owns 10,779 shares of the company’s stock, valued at $970,110. The disclosure for this sale can be found here. Insiders sold 28,841 shares of company stock worth $2,656,348 over the last ninety days. 17.90% of the stock is currently owned by corporate 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.