Proficio Capital Partners LLC Invests $340,000 in Consensus Cloud Solutions, Inc. (NASDAQ:CCSI)

Proficio Capital Partners LLC bought a new position in shares of Consensus Cloud Solutions, Inc. (NASDAQ:CCSI - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 14,268 shares of the company's stock, valued at approximately $340,000. Proficio Capital Partners LLC owned approximately 0.07% of Consensus Cloud Solutions at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of CCSI. Janus Henderson Group PLC boosted its holdings in Consensus Cloud Solutions by 26.4% during the third quarter. Janus Henderson Group PLC now owns 2,380,874 shares of the company's stock worth $56,070,000 after buying an additional 498,010 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of Consensus Cloud Solutions by 223.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 197,456 shares of the company's stock valued at $4,650,000 after acquiring an additional 136,349 shares during the period. State Street Corp boosted its stake in shares of Consensus Cloud Solutions by 15.1% during the 3rd quarter. State Street Corp now owns 450,415 shares of the company's stock worth $10,607,000 after acquiring an additional 59,219 shares in the last quarter. Denali Advisors LLC grew its holdings in shares of Consensus Cloud Solutions by 36.8% in the 4th quarter. Denali Advisors LLC now owns 204,932 shares of the company's stock worth $4,890,000 after acquiring an additional 55,174 shares during the period. Finally, Cerity Partners LLC grew its holdings in shares of Consensus Cloud Solutions by 272.4% in the 3rd quarter. Cerity Partners LLC now owns 59,442 shares of the company's stock worth $1,400,000 after acquiring an additional 43,482 shares during the period. 93.93% of the stock is owned by institutional investors and hedge funds.

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Consensus Cloud Solutions Trading Down 1.7 %

Shares of NASDAQ:CCSI traded down $0.40 on Friday, hitting $23.16. The company had a trading volume of 39,733 shares, compared to its average volume of 137,361. The company has a market cap of $452.22 million, a PE ratio of 5.01 and a beta of 1.45. Consensus Cloud Solutions, Inc. has a 52-week low of $11.62 and a 52-week high of $32.10. The business has a 50 day moving average of $26.19 and a 200 day moving average of $24.40.

Consensus Cloud Solutions (NASDAQ:CCSI - Get Free Report) last posted its quarterly earnings data on Wednesday, February 19th. The company reported $1.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.19 by ($0.10). The business had revenue of $86.98 million for the quarter, compared to analyst estimates of $85.07 million. Consensus Cloud Solutions had a negative return on equity of 83.93% and a net margin of 25.52%. As a group, equities analysts predict that Consensus Cloud Solutions, Inc. will post 5.17 EPS for the current year.

Analysts Set New Price Targets

A number of analysts have commented on the company. Oppenheimer boosted their target price on Consensus Cloud Solutions from $27.00 to $32.00 and gave the stock an "outperform" rating in a research report on Thursday, February 20th. Citigroup boosted their price objective on shares of Consensus Cloud Solutions from $19.00 to $20.00 and gave the stock a "sell" rating in a research report on Friday, January 17th. Two analysts have rated the stock with a sell rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $27.40.

Consensus Cloud Solutions Company Profile

Consensus Cloud Solutions, Inc, together with its subsidiaries, provides information delivery services with a software-as-a-service platform worldwide. The company offers eFax Corporate, a digital cloud-fax technology; Unite, a single platform that allows the user to choose between various protocols to send and receive healthcare information and can integrate into an existing electronic health record system or stand-alone if no EHR is present.