Barclays PLC Boosts Stake in Consensus Cloud Solutions, Inc. (NASDAQ:CCSI)

Barclays PLC boosted its holdings in shares of Consensus Cloud Solutions, Inc. (NASDAQ:CCSI - Free Report) by 275.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,618 shares of the company's stock after buying an additional 17,333 shares during the period. Barclays PLC owned approximately 0.12% of Consensus Cloud Solutions worth $556,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in CCSI. Marshall Wace LLP increased its holdings in shares of Consensus Cloud Solutions by 437.2% during the second quarter. Marshall Wace LLP now owns 682,669 shares of the company's stock valued at $11,728,000 after acquiring an additional 555,584 shares in the last quarter. Janus Henderson Group PLC increased its stake in Consensus Cloud Solutions by 26.4% during the 3rd quarter. Janus Henderson Group PLC now owns 2,380,874 shares of the company's stock valued at $56,070,000 after purchasing an additional 498,010 shares in the last quarter. AQR Capital Management LLC increased its stake in Consensus Cloud Solutions by 115.4% during the 2nd 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 in the last quarter. Renaissance Technologies LLC raised its holdings in shares of Consensus Cloud Solutions by 165.1% in the second quarter. Renaissance Technologies LLC now owns 116,900 shares of the company's stock worth $2,008,000 after buying an additional 72,800 shares during the last quarter. Finally, Greenleaf Trust acquired a new stake in shares of Consensus Cloud Solutions during the third quarter worth $1,634,000. 93.93% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms recently issued reports on CCSI. Oppenheimer upped their target price on 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 raised their price objective on Consensus Cloud Solutions from $24.00 to $32.00 and gave the stock an "outperform" rating in a research note on Friday, November 8th. BTIG Research lifted their target price on Consensus Cloud Solutions from $30.00 to $32.00 and gave the stock a "buy" rating in a report on Monday, November 11th. Finally, Citigroup increased their price target on shares of Consensus Cloud Solutions from $19.00 to $20.00 and gave the stock a "sell" rating in a report on Friday. Two analysts have rated the stock with a sell rating and three have given a buy rating to the company's stock. Based on data from MarketBeat, Consensus Cloud Solutions currently has an average rating of "Hold" and an average target price of $26.40.

Consensus Cloud Solutions Stock Up 1.5 %

Shares of CCSI stock traded up $0.38 on Friday, hitting $25.07. The company had a trading volume of 118,606 shares, compared to its average volume of 80,256. Consensus Cloud Solutions, Inc. has a twelve month low of $11.62 and a twelve month high of $27.79. The firm has a market cap of $483.85 million, a P/E ratio of 5.49 and a beta of 1.41. The company has a 50-day moving average price of $24.47 and a 200-day moving average price of $22.40.

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.