Public Employees Retirement System of Ohio Acquires Shares of 352 Cimpress plc (NASDAQ:CMPR)

Public Employees Retirement System of Ohio bought a new stake in Cimpress plc (NASDAQ:CMPR) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 352 shares of the business services provider’s stock, valued at approximately $29,000.

A number of other institutional investors have also recently made changes to their positions in CMPR. Sequoia Financial Advisors LLC bought a new stake in Cimpress in the 3rd quarter valued at about $7,582,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of Cimpress by 54.5% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 26,420 shares of the business services provider’s stock worth $2,164,000 after purchasing an additional 9,324 shares in the last quarter. Diamond Hill Capital Management Inc. raised its position in shares of Cimpress by 6.3% in the third quarter. Diamond Hill Capital Management Inc. now owns 450,253 shares of the business services provider’s stock valued at $36,885,000 after purchasing an additional 26,727 shares during the period. Hussman Strategic Advisors Inc. bought a new position in Cimpress in the 2nd quarter worth approximately $2,208,000. Finally, Millennium Management LLC grew its stake in Cimpress by 34.6% in the 2nd quarter. Millennium Management LLC now owns 42,950 shares of the business services provider’s stock valued at $3,763,000 after buying an additional 11,041 shares in the last quarter. Hedge funds and other institutional investors own 77.64% of the company’s stock.

Cimpress Price Performance

Shares of NASDAQ:CMPR opened at $74.21 on Monday. The firm has a fifty day moving average price of $78.85 and a two-hundred day moving average price of $84.38. The company has a market cap of $1.87 billion, a price-to-earnings ratio of 12.75, a PEG ratio of 0.68 and a beta of 2.08. Cimpress plc has a one year low of $58.05 and a one year high of $104.92.

Cimpress (NASDAQ:CMPR) last posted its quarterly earnings data on Wednesday, October 30th. The business services provider reported ($0.50) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.30 by ($0.80). The business had revenue of $804.97 million for the quarter, compared to the consensus estimate of $800.51 million. Cimpress had a net margin of 4.69% and a negative return on equity of 27.15%. During the same period in the prior year, the business posted $0.17 EPS. Equities research analysts expect that Cimpress plc will post 4.27 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. StockNews.com cut shares of Cimpress from a “strong-buy” rating to a “buy” rating in a report on Friday, November 8th. Barrington Research reissued an “outperform” rating and set a $119.00 price objective on shares of Cimpress in a report on Friday. Finally, Truist Financial reduced their target price on Cimpress from $120.00 to $110.00 and set a “buy” rating for the company in a report on Friday, November 1st.

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.