Consensus Cloud Solutions, Inc. (NASDAQ:CCSI) Shares Sold by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. trimmed its holdings in shares of Consensus Cloud Solutions, Inc. (NASDAQ:CCSI - Free Report) by 17.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 188,519 shares of the company's stock after selling 39,391 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.98% of Consensus Cloud Solutions worth $4,498,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. GAMMA Investing LLC lifted its holdings in Consensus Cloud Solutions by 74.9% during the 4th quarter. GAMMA Investing LLC now owns 1,525 shares of the company's stock valued at $36,000 after buying an additional 653 shares in the last quarter. R Squared Ltd bought a new stake in shares of Consensus Cloud Solutions in the 4th quarter valued at about $42,000. SG Americas Securities LLC lifted 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 worth $179,000 after purchasing an additional 1,240 shares during the period. DGS Capital Management LLC purchased a new position in Consensus Cloud Solutions during the third quarter valued at approximately $209,000. Finally, Virtus Fund Advisers LLC bought a new position in Consensus Cloud Solutions in the third quarter worth approximately $327,000. 93.93% of the stock is owned by hedge funds and other institutional investors.

Consensus Cloud Solutions Price Performance

Consensus Cloud Solutions stock traded down $0.40 during trading hours on Friday, hitting $23.16. 39,733 shares of the stock traded hands, compared to its average volume of 137,361. The firm's 50 day moving average price is $26.19 and its 200-day moving average price is $24.40. The stock has a market capitalization of $452.22 million, a price-to-earnings ratio of 5.01 and a beta of 1.45. Consensus Cloud Solutions, Inc. has a 1 year low of $11.62 and a 1 year high of $32.10.

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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 for the quarter, missing the consensus estimate of $1.19 by ($0.10). Consensus Cloud Solutions had a negative return on equity of 83.93% and a net margin of 25.52%. The business had revenue of $86.98 million during the quarter, compared to analyst estimates of $85.07 million. Research analysts forecast that Consensus Cloud Solutions, Inc. will post 5.17 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on CCSI shares. Citigroup raised their target price on shares of Consensus Cloud Solutions from $19.00 to $20.00 and gave the company a "sell" rating in a research note on Friday, January 17th. Oppenheimer increased their price objective on Consensus Cloud Solutions from $27.00 to $32.00 and gave the company an "outperform" rating in a report 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.com, Consensus Cloud Solutions currently has a consensus rating of "Hold" and a consensus target price of $27.40.

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.