Arrowstreet Capital Limited Partnership Raises Stock Position in Consensus Cloud Solutions, Inc. (NASDAQ:CCSI)

Arrowstreet Capital Limited Partnership lifted its position in shares of Consensus Cloud Solutions, Inc. (NASDAQ:CCSI - Free Report) by 14.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 226,320 shares of the company's stock after acquiring an additional 28,569 shares during the period. Arrowstreet Capital Limited Partnership owned approximately 1.17% of Consensus Cloud Solutions worth $5,400,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. State Street Corp increased its holdings in shares of Consensus Cloud Solutions by 15.1% in the 3rd quarter. State Street Corp now owns 450,415 shares of the company's stock worth $10,607,000 after purchasing an additional 59,219 shares in the last quarter. Barclays PLC boosted its position in shares of Consensus Cloud Solutions by 275.8% during the third quarter. Barclays PLC now owns 23,618 shares of the company's stock valued at $556,000 after buying an additional 17,333 shares during the last quarter. Geode Capital Management LLC increased its holdings in Consensus Cloud Solutions by 1.3% in the 3rd quarter. Geode Capital Management LLC now owns 421,123 shares of the company's stock worth $9,920,000 after buying an additional 5,299 shares in the last quarter. DGS Capital Management LLC purchased a new position in Consensus Cloud Solutions in the 3rd quarter worth about $209,000. Finally, JPMorgan Chase & Co. lifted its stake in 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. 93.93% of the stock is currently owned by hedge funds and other institutional investors.

Consensus Cloud Solutions Stock Performance

Shares of NASDAQ CCSI traded down $0.34 during midday trading on Friday, hitting $19.17. 110,013 shares of the company's stock traded hands, compared to its average volume of 157,573. The firm has a fifty day moving average of $24.58 and a 200 day moving average of $24.27. Consensus Cloud Solutions, Inc. has a 1 year low of $11.62 and a 1 year high of $32.10. The stock has a market capitalization of $374.31 million, a price-to-earnings ratio of 4.15 and a beta of 1.47.

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

Analysts Set New Price Targets

CCSI has been the subject of several research reports. Citigroup boosted their price objective on shares of Consensus Cloud Solutions from $19.00 to $20.00 and gave the company a "sell" rating in a report on Friday, January 17th. Oppenheimer boosted their target price on shares of Consensus Cloud Solutions from $27.00 to $32.00 and gave the company an "outperform" rating in a research note on Thursday, February 20th. Two equities research analysts have rated the stock with a sell rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $27.40.

Consensus Cloud Solutions 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.