Federated Hermes Inc. Purchases 2,212 Shares of Cimpress plc (NASDAQ:CMPR)

Federated Hermes Inc. grew its position in shares of Cimpress plc (NASDAQ:CMPR) by 2.1% in the 4th quarter, HoldingsChannel reports. The fund owned 109,627 shares of the business services provider’s stock after buying an additional 2,212 shares during the period. Federated Hermes Inc.’s holdings in Cimpress were worth $7,862,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Envestnet Asset Management Inc. increased its stake in Cimpress by 19.9% during the 4th quarter. Envestnet Asset Management Inc. now owns 34,184 shares of the business services provider’s stock valued at $2,452,000 after purchasing an additional 5,672 shares in the last quarter. Grantham Mayo Van Otterloo & Co. LLC grew its holdings in shares of Cimpress by 9.0% during the fourth quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 4,112 shares of the business services provider’s stock valued at $295,000 after buying an additional 341 shares during the last quarter. Dynamic Technology Lab Private Ltd increased its position in shares of Cimpress by 82.9% during the fourth quarter. Dynamic Technology Lab Private Ltd now owns 9,792 shares of the business services provider’s stock worth $702,000 after acquiring an additional 4,439 shares in the last quarter. Wells Fargo & Company MN raised its holdings in shares of Cimpress by 37.6% in the 4th quarter. Wells Fargo & Company MN now owns 9,850 shares of the business services provider’s stock worth $706,000 after acquiring an additional 2,691 shares during the last quarter. Finally, Islay Capital Management LLC bought a new position in Cimpress in the 4th quarter valued at about $564,000. 77.64% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on CMPR. Truist Financial decreased their price objective on Cimpress from $110.00 to $87.00 and set a “buy” rating for the company in a report on Friday, January 31st. StockNews.com upgraded Cimpress from a “buy” rating to a “strong-buy” rating in a report on Saturday, February 8th. Finally, Barrington Research restated an “outperform” rating and set a $119.00 price objective on shares of Cimpress in a research note on Wednesday, January 29th.

Cimpress Stock Down 3.5 %

Cimpress stock opened at $42.94 on Friday. Cimpress plc has a 52 week low of $39.11 and a 52 week high of $104.92. The company’s 50 day moving average price is $47.28 and its two-hundred day moving average price is $66.53. The stock has a market cap of $1.08 billion, a P/E ratio of 7.11, a P/E/G ratio of 0.50 and a beta of 1.94.

Cimpress (NASDAQ:CMPR) last issued its quarterly earnings results on Wednesday, January 29th. The business services provider reported $2.36 EPS for the quarter, missing analysts’ consensus estimates of $2.52 by ($0.16). Cimpress had a net margin of 4.75% and a negative return on equity of 27.64%. On average, equities analysts anticipate that Cimpress plc will post 3.69 EPS for the current year.

Insider Activity

In other news, CFO Sean Edward Quinn acquired 5,000 shares of the company’s stock in a transaction that occurred on Friday, March 14th. The shares were acquired at an average price of $41.50 per share, for a total transaction of $207,500.00. Following the completion of the purchase, the chief financial officer now owns 20,224 shares in the company, valued at approximately $839,296. This trade represents a 32.84 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 17.80% of the company’s stock.

About Cimpress

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.