Consensus Cloud Solutions, Inc. (NASDAQ:CCSI) Shares Sold by Boston Partners

Boston Partners cut its position in Consensus Cloud Solutions, Inc. (NASDAQ:CCSI - Free Report) by 54.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 14,353 shares of the company's stock after selling 17,321 shares during the quarter. Boston Partners owned approximately 0.07% of Consensus Cloud Solutions worth $342,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in CCSI. GAMMA Investing LLC boosted its holdings in shares of Consensus Cloud Solutions by 74.9% in the fourth quarter. GAMMA Investing LLC now owns 1,525 shares of the company's stock valued at $36,000 after acquiring an additional 653 shares in the last quarter. R Squared Ltd purchased a new position in shares of Consensus Cloud Solutions during the 4th quarter worth approximately $42,000. AlphaQuest LLC lifted its holdings in shares of Consensus Cloud Solutions by 451.5% in the 4th quarter. AlphaQuest LLC now owns 2,173 shares of the company's stock valued at $52,000 after buying an additional 1,779 shares during the period. SG Americas Securities LLC lifted its holdings in shares of Consensus Cloud Solutions by 19.8% in the 4th quarter. SG Americas Securities LLC now owns 7,509 shares of the company's stock valued at $179,000 after buying an additional 1,240 shares during the period. Finally, DGS Capital Management LLC acquired a new position in Consensus Cloud Solutions during the third quarter worth $209,000. Hedge funds and other institutional investors own 93.93% of the company's stock.

Wall Street Analysts Forecast Growth

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

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Consensus Cloud Solutions Price Performance

CCSI traded down $0.12 during midday trading on Thursday, reaching $23.56. 135,952 shares of the company's stock were exchanged, compared to its average volume of 157,663. 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 $460.03 million, a PE ratio of 5.10 and a beta of 1.45. The business's 50-day moving average price is $26.21 and its 200 day moving average price is $24.41.

Consensus Cloud Solutions (NASDAQ:CCSI - Get Free Report) last released its quarterly earnings results on Wednesday, February 19th. The company reported $1.09 earnings per share for the quarter, missing analysts' consensus estimates of $1.19 by ($0.10). The company had revenue of $86.98 million during 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, analysts expect that Consensus Cloud Solutions, Inc. will post 5.17 EPS for the current fiscal year.

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.