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

Key Points

• Federated Hermes Inc. significantly reduced its stake in Cimpress plc by 96.9%, selling 106,179 shares and now holding only 3,448 shares valued at $156,000.
• Other institutional investors increased their stakes, with Diamond Hill Capital Management growing its holdings by 55.6% to own 921,661 shares worth approximately $41.7 million.
• Cimpress reported a loss of $1.02 per share for the last quarter, missing estimates, while achieving revenue of $869.48 million, exceeding analyst predictions.

Federated Hermes Inc. cut its holdings in Cimpress plc (NASDAQ:CMPR - Free Report) by 96.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,448 shares of the business services provider's stock after selling 106,179 shares during the period. Federated Hermes Inc.'s holdings in Cimpress were worth $156,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. Signaturefd LLC grew its holdings in Cimpress by 341.6% during the first quarter. Signaturefd LLC now owns 605 shares of the business services provider's stock valued at $27,000 after purchasing an additional 468 shares during the period. Ethic Inc. bought a new position in Cimpress during the fourth quarter valued at $214,000. Cerity Partners LLC bought a new position in Cimpress during the first quarter valued at $214,000. Mayfair Advisory Group LLC grew its holdings in Cimpress by 70.3% during the first quarter. Mayfair Advisory Group LLC now owns 4,839 shares of the business services provider's stock valued at $219,000 after purchasing an additional 1,998 shares during the period. Finally, Ameriprise Financial Inc. bought a new position in Cimpress during the fourth quarter valued at $228,000. 77.64% of the stock is owned by institutional investors.

Cimpress Price Performance

Shares of NASDAQ:CMPR traded up $3.07 during trading on Tuesday, hitting $58.42. 249,903 shares of the company were exchanged, compared to its average volume of 276,636. The company has a market cap of $1.43 billion, a PE ratio of 114.55 and a beta of 1.70. The stock has a 50 day moving average of $48.10 and a 200 day moving average of $47.36. Cimpress plc has a 52-week low of $35.21 and a 52-week high of $102.22.

Cimpress (NASDAQ:CMPR - Get Free Report) last issued its quarterly earnings data on Tuesday, July 29th. The business services provider reported ($1.02) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.97 by ($1.99). Cimpress had a negative return on equity of 2.64% and a net margin of 0.44%. The business had revenue of $869.48 million during the quarter, compared to analysts' expectations of $844.24 million. Sell-side analysts forecast that Cimpress plc will post 3.69 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on CMPR shares. Wall Street Zen lowered Cimpress from a "buy" rating to a "hold" rating in a report on Sunday. Truist Financial set a $74.00 target price on Cimpress and gave the stock a "buy" rating in a research report on Wednesday, July 30th. Finally, Barrington Research increased their target price on Cimpress from $65.00 to $70.00 and gave the stock an "outperform" rating in a research report on Monday, August 4th.

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.