Cerity Partners LLC Acquires 43,482 Shares of Consensus Cloud Solutions, Inc. (NASDAQ:CCSI)

Cerity Partners LLC grew its holdings in shares of Consensus Cloud Solutions, Inc. (NASDAQ:CCSI - Free Report) by 272.4% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 59,442 shares of the company's stock after purchasing an additional 43,482 shares during the period. Cerity Partners LLC owned approximately 0.31% of Consensus Cloud Solutions worth $1,400,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the stock. Price T Rowe Associates Inc. MD lifted its stake in shares of Consensus Cloud Solutions by 15.2% in the first quarter. Price T Rowe Associates Inc. MD now owns 30,994 shares of the company's stock worth $492,000 after acquiring an additional 4,100 shares in the last quarter. CWM LLC boosted its stake in Consensus Cloud Solutions by 388.4% during the 2nd quarter. CWM LLC now owns 8,792 shares of the company's stock valued at $151,000 after purchasing an additional 6,992 shares in the last quarter. SummerHaven Investment Management LLC boosted its stake in Consensus Cloud Solutions by 3.6% during the 2nd quarter. SummerHaven Investment Management LLC now owns 22,426 shares of the company's stock valued at $385,000 after purchasing an additional 769 shares in the last quarter. Bank of New York Mellon Corp lifted its position in shares of Consensus Cloud Solutions by 3.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 98,013 shares of the company's stock valued at $1,684,000 after acquiring an additional 3,144 shares during the last quarter. Finally, Rhumbline Advisers lifted its holdings in shares of Consensus Cloud Solutions by 4.8% in the second quarter. Rhumbline Advisers now owns 30,358 shares of the company's stock valued at $522,000 after purchasing an additional 1,379 shares in the last quarter. Institutional investors and hedge funds own 93.93% of the company's stock.

Analysts Set New Price Targets

A number of analysts have commented on the stock. BTIG Research lifted their target price on shares of Consensus Cloud Solutions from $30.00 to $32.00 and gave the stock a "buy" rating in a report on Monday, November 11th. JPMorgan Chase & Co. cut shares of Consensus Cloud Solutions from a "neutral" rating to an "underweight" rating and increased their price objective for the stock from $19.00 to $21.00 in a research report on Monday, September 9th. Oppenheimer raised their price target on shares of Consensus Cloud Solutions from $23.00 to $27.00 and gave the company an "outperform" rating in a research report on Friday, November 8th. Wedbush lifted their target price on shares of Consensus Cloud Solutions from $24.00 to $32.00 and gave the stock an "outperform" rating in a research note on Friday, November 8th. Finally, Citigroup upped their target price on shares of Consensus Cloud Solutions from $17.00 to $19.00 and gave the stock a "sell" rating in a research report on Tuesday, November 19th. Two equities research analysts have rated the stock with a sell rating and three have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $26.20.

Consensus Cloud Solutions Trading Down 2.1 %

Shares of NASDAQ:CCSI traded down $0.54 during mid-day trading on Wednesday, reaching $24.93. The stock had a trading volume of 214,319 shares, compared to its average volume of 229,041. The firm has a market cap of $481.15 million, a PE ratio of 5.46 and a beta of 1.42. The firm has a 50 day simple moving average of $23.25 and a two-hundred day simple moving average of $21.12. Consensus Cloud Solutions, Inc. has a twelve month low of $11.62 and a twelve month high of $28.09.

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.