Cimpress plc (NASDAQ:CMPR) Shares Sold by Federated Hermes Inc.

Federated Hermes Inc. decreased its stake in shares of Cimpress plc (NASDAQ:CMPR) by 0.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 106,865 shares of the business services provider’s stock after selling 991 shares during the period. Federated Hermes Inc. owned approximately 0.40% of Cimpress worth $8,555,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of CMPR. Handelsbanken Fonder AB increased its stake in Cimpress by 7.6% during the 3rd quarter. Handelsbanken Fonder AB now owns 6,996 shares of the business services provider’s stock valued at $490,000 after buying an additional 496 shares during the period. Harbor Capital Advisors Inc. increased its stake in Cimpress by 24.8% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 13,771 shares of the business services provider’s stock valued at $964,000 after buying an additional 2,740 shares during the period. Raymond James Financial Services Advisors Inc. acquired a new position in Cimpress during the 3rd quarter valued at about $257,000. Allspring Global Investments Holdings LLC boosted its position in shares of Cimpress by 26.6% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 103,392 shares of the business services provider’s stock valued at $7,238,000 after purchasing an additional 21,693 shares in the last quarter. Finally, Ingalls & Snyder LLC boosted its position in shares of Cimpress by 0.6% during the 3rd quarter. Ingalls & Snyder LLC now owns 93,797 shares of the business services provider’s stock valued at $6,567,000 after purchasing an additional 557 shares in the last quarter. Institutional investors and hedge funds own 77.64% of the company’s stock.

Cimpress Price Performance

Shares of CMPR opened at $89.38 on Thursday. Cimpress plc has a one year low of $42.78 and a one year high of $100.01. The company has a 50-day moving average of $91.47 and a two-hundred day moving average of $79.54. The stock has a market cap of $2.38 billion, a price-to-earnings ratio of 59.19, a PEG ratio of 1.20 and a beta of 1.97.

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

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. Truist Financial raised their price objective on shares of Cimpress from $90.00 to $110.00 and gave the company a “buy” rating in a research report on Friday, February 2nd. Barrington Research raised 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 related news, CEO Florian Baumgartner sold 5,683 shares of the firm’s stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $89.97, for a total transaction of $511,299.51. Following the completion of the sale, the chief executive officer now directly owns 33,793 shares in the company, valued at $3,040,356.21. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, CEO Florian Baumgartner sold 5,683 shares of the firm’s stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $89.97, for a total transaction of $511,299.51. Following the completion of the sale, the chief executive officer now directly owns 33,793 shares in the company, valued at $3,040,356.21. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Sean Edward Quinn sold 6,959 shares of the firm’s stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $90.00, for a total transaction of $626,310.00. The disclosure for this sale can be found here. Insiders sold a total of 28,841 shares of company stock worth $2,656,348 over the last ninety days. 17.90% of the stock is currently owned by company insiders.

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.