Charles Schwab Investment Management Inc. Sells 39,391 Shares of Consensus Cloud Solutions, Inc. (NASDAQ:CCSI)

Charles Schwab Investment Management Inc. lowered its position in Consensus Cloud Solutions, Inc. (NASDAQ:CCSI - Free Report) by 17.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 188,519 shares of the company's stock after selling 39,391 shares during the period. Charles Schwab Investment Management Inc. owned about 0.98% of Consensus Cloud Solutions worth $4,498,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. GAMMA Investing LLC grew its stake in 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 during the period. R Squared Ltd acquired a new position in shares of Consensus Cloud Solutions in the 4th quarter valued at approximately $42,000. SG Americas Securities LLC grew its position 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 purchasing an additional 1,240 shares during the period. DGS Capital Management LLC bought a new stake in Consensus Cloud Solutions during the 3rd quarter worth approximately $209,000. Finally, Virtus Fund Advisers LLC acquired a new stake in Consensus Cloud Solutions during the 3rd quarter worth approximately $327,000. Institutional investors own 93.93% of the company's stock.

Consensus Cloud Solutions Trading Down 1.5 %

Shares of NASDAQ CCSI traded down $0.36 during midday trading on Friday, reaching $23.20. The company's stock had a trading volume of 154,525 shares, compared to its average volume of 159,988. Consensus Cloud Solutions, Inc. has a fifty-two week low of $11.62 and a fifty-two week high of $32.10. The stock has a 50 day simple moving average of $26.15 and a 200-day simple moving average of $24.43. The stock has a market capitalization of $453.00 million, a price-to-earnings ratio of 5.02 and a beta of 1.45.

Consensus Cloud Solutions (NASDAQ:CCSI - Get Free Report) last issued its quarterly earnings results 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). Consensus Cloud Solutions had a net margin of 25.52% and a negative return on equity of 83.93%. The business had revenue of $86.98 million during the quarter, compared to analyst estimates of $85.07 million. As a group, equities analysts anticipate that Consensus Cloud Solutions, Inc. will post 5.17 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. Citigroup increased 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. Oppenheimer upped their target price on shares of Consensus Cloud Solutions from $27.00 to $32.00 and gave the stock an "outperform" rating in a research note on Thursday, February 20th. Two investment analysts have rated the stock with a sell rating and three have given a buy rating to the stock. According to data from MarketBeat, Consensus Cloud Solutions presently 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.