Charles Schwab Investment Management Inc. Sells 35,380 Shares of Consensus Cloud Solutions, Inc. (NASDAQ:CCSI)

Charles Schwab Investment Management Inc. decreased its holdings in Consensus Cloud Solutions, Inc. (NASDAQ:CCSI - Free Report) by 13.4% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 227,910 shares of the company's stock after selling 35,380 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 1.18% of Consensus Cloud Solutions worth $5,367,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of the business. Marshall Wace LLP increased its stake in Consensus Cloud Solutions by 437.2% during the 2nd quarter. Marshall Wace LLP now owns 682,669 shares of the company's stock valued at $11,728,000 after buying an additional 555,584 shares during the period. AQR Capital Management LLC boosted its position in Consensus Cloud Solutions by 115.4% during the second quarter. AQR Capital Management LLC now owns 672,803 shares of the company's stock valued at $11,041,000 after purchasing an additional 360,476 shares during the last quarter. Rice Hall James & Associates LLC lifted its holdings in shares of Consensus Cloud Solutions by 7.1% during the 3rd quarter. Rice Hall James & Associates LLC now owns 217,086 shares of the company's stock valued at $5,112,000 after buying an additional 14,406 shares during the last quarter. Integrated Investment Consultants LLC raised its position in Consensus Cloud Solutions by 14.7% during the third quarter. Integrated Investment Consultants LLC now owns 155,857 shares of the company's stock valued at $3,670,000 after acquiring an additional 19,948 shares in the last quarter. Finally, Renaissance Technologies LLC raised its holdings in shares of Consensus Cloud Solutions by 165.1% during the 2nd quarter. Renaissance Technologies LLC now owns 116,900 shares of the company's stock valued at $2,008,000 after purchasing an additional 72,800 shares in the last quarter. Institutional investors and hedge funds own 93.93% of the company's stock.

Consensus Cloud Solutions Trading Down 3.9 %

NASDAQ:CCSI traded down $0.99 during mid-day trading on Friday, hitting $24.13. The company's stock had a trading volume of 43,197 shares, compared to its average volume of 224,731. The company has a market capitalization of $465.71 million, a price-to-earnings ratio of 5.50 and a beta of 1.42. Consensus Cloud Solutions, Inc. has a fifty-two week low of $11.62 and a fifty-two week high of $28.09. The stock has a fifty day moving average of $23.48 and a 200-day moving average of $21.32.

Wall Street Analysts Forecast Growth

CCSI has been the topic of several recent research reports. BTIG Research raised their target price on Consensus Cloud Solutions from $30.00 to $32.00 and gave the company a "buy" rating in a report on Monday, November 11th. JPMorgan Chase & Co. downgraded shares of Consensus Cloud Solutions from a "neutral" rating to an "underweight" rating and lifted their target price for the stock from $19.00 to $21.00 in a report on Monday, September 9th. Wedbush raised their price target on Consensus Cloud Solutions from $24.00 to $32.00 and gave the company an "outperform" rating in a research report on Friday, November 8th. Oppenheimer lifted their price target on Consensus Cloud Solutions from $23.00 to $27.00 and gave the stock an "outperform" rating in a research report on Friday, November 8th. Finally, Citigroup raised their price target 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 research analysts have rated the stock with a sell rating and three have given a buy rating to the stock. Based on data from MarketBeat, Consensus Cloud Solutions has a consensus rating of "Hold" and an average price target of $26.20.

About Consensus Cloud Solutions

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.