Federated Hermes Inc. Acquires 9,860 Shares of 3D Systems Co. (NYSE:DDD)

Federated Hermes Inc. raised its holdings in shares of 3D Systems Co. (NYSE:DDD) by 21.8% in the 2nd quarter, Holdings Channel.com reports. The firm owned 55,180 shares of the 3D printing company’s stock after buying an additional 9,860 shares during the quarter. Federated Hermes Inc.’s holdings in 3D Systems were worth $169,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of DDD. Vanguard Group Inc. lifted its holdings in shares of 3D Systems by 0.7% in the 1st quarter. Vanguard Group Inc. now owns 14,217,779 shares of the 3D printing company’s stock worth $63,127,000 after acquiring an additional 98,797 shares during the last quarter. Tidal Investments LLC purchased a new position in 3D Systems in the 1st quarter worth about $271,000. Gabelli Funds LLC increased its stake in 3D Systems by 53.6% in the 1st quarter. Gabelli Funds LLC now owns 61,435 shares of the 3D printing company’s stock worth $273,000 after buying an additional 21,435 shares during the period. Victory Capital Management Inc. increased its stake in 3D Systems by 16.4% in the 4th quarter. Victory Capital Management Inc. now owns 25,965 shares of the 3D printing company’s stock worth $165,000 after buying an additional 3,652 shares during the period. Finally, Sumitomo Mitsui Trust Holdings Inc. increased its stake in 3D Systems by 85.1% in the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 876,987 shares of the 3D printing company’s stock worth $2,692,000 after buying an additional 403,175 shares during the period. Institutional investors own 64.49% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently commented on DDD shares. Loop Capital reduced their price target on shares of 3D Systems from $4.50 to $2.00 and set a “hold” rating on the stock in a research note on Thursday, September 5th. StockNews.com downgraded shares of 3D Systems from a “hold” rating to a “sell” rating in a research report on Tuesday, September 10th. Lake Street Capital cut their target price on shares of 3D Systems from $6.00 to $4.00 and set a “buy” rating on the stock in a research report on Thursday, September 5th. Cantor Fitzgerald cut their target price on shares of 3D Systems from $5.50 to $3.75 and set an “overweight” rating on the stock in a research report on Friday, August 30th. Finally, Needham & Company LLC reissued a “hold” rating on shares of 3D Systems in a research report on Friday, August 30th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $3.25.

3D Systems Stock Up 1.2 %

NYSE:DDD opened at $2.47 on Wednesday. 3D Systems Co. has a fifty-two week low of $1.72 and a fifty-two week high of $6.85. The stock has a market capitalization of $329.58 million, a P/E ratio of -0.87 and a beta of 1.65. The company has a debt-to-equity ratio of 0.55, a quick ratio of 2.42 and a current ratio of 3.46. The company’s 50-day simple moving average is $2.74 and its 200-day simple moving average is $3.41.

3D Systems (NYSE:DDD) last released its quarterly earnings results on Thursday, August 29th. The 3D printing company reported ($0.17) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.11). 3D Systems had a negative net margin of 78.14% and a negative return on equity of 15.29%. The firm had revenue of $113.25 million during the quarter, compared to the consensus estimate of $125.15 million. On average, equities analysts anticipate that 3D Systems Co. will post -0.67 earnings per share for the current fiscal year.

3D Systems Profile

3D Systems Corporation provides 3D printing and digital manufacturing solutions in the Americas, Europe, the Middle East, Africa, the Asia Pacific, and internationally. The company offers 3D printers technologies, such as stereolithography, selective laser sintering, direct metal printing, multi jet printing, color jet printing, polymer extrusion, and extrusion and SLA based bioprinting that transform digital data input generated by 3D design software, computer aided design (CAD) software, or other 3D design tools into printed parts.