LSV Asset Management Increases Stock Position in Consensus Cloud Solutions, Inc. (NASDAQ:CCSI)

LSV Asset Management raised its holdings in shares of Consensus Cloud Solutions, Inc. (NASDAQ:CCSI - Free Report) by 277.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 76,969 shares of the company's stock after acquiring an additional 56,575 shares during the period. LSV Asset Management owned about 0.40% of Consensus Cloud Solutions worth $1,836,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in CCSI. GAMMA Investing LLC increased its stake in shares of Consensus Cloud Solutions by 74.9% in the fourth quarter. GAMMA Investing LLC now owns 1,525 shares of the company's stock worth $36,000 after buying an additional 653 shares during the period. R Squared Ltd purchased a new position in shares of Consensus Cloud Solutions in the fourth quarter valued at about $42,000. AlphaQuest LLC raised its stake in shares of Consensus Cloud Solutions by 451.5% during the fourth quarter. AlphaQuest LLC now owns 2,173 shares of the company's stock valued at $52,000 after acquiring an additional 1,779 shares during the last quarter. Quantbot Technologies LP purchased a new stake in shares of Consensus Cloud Solutions during the fourth quarter worth about $81,000. Finally, SG Americas Securities LLC boosted its holdings in shares of Consensus Cloud Solutions by 19.8% during the fourth 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. 93.93% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on CCSI shares. Oppenheimer increased their price objective on Consensus Cloud Solutions from $27.00 to $32.00 and gave the stock an "outperform" rating in a report on Thursday, February 20th. Citigroup upped their price objective on shares of Consensus Cloud Solutions from $19.00 to $20.00 and gave the stock a "sell" rating in a report on Friday, January 17th. Two equities research analysts have rated the stock with a sell rating and three have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $27.40.

Consensus Cloud Solutions Stock Performance

Shares of Consensus Cloud Solutions stock traded up $0.03 during trading on Friday, hitting $18.78. The company's stock had a trading volume of 139,653 shares, compared to its average volume of 155,570. Consensus Cloud Solutions, Inc. has a 52 week low of $11.62 and a 52 week high of $32.10. The company has a market capitalization of $366.70 million, a PE ratio of 4.06 and a beta of 1.47. The company has a fifty day simple moving average of $23.65 and a two-hundred day simple moving average of $24.13.

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

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.