JPMorgan Chase & Co. Cuts Stock Position in Consensus Cloud Solutions, Inc. (NASDAQ:CCSI)

JPMorgan Chase & Co. cut its stake in shares of Consensus Cloud Solutions, Inc. (NASDAQ:CCSI - Free Report) by 11.6% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 174,613 shares of the company's stock after selling 22,843 shares during the period. JPMorgan Chase & Co. owned 0.90% of Consensus Cloud Solutions worth $4,166,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. GAMMA Investing LLC boosted its holdings in shares of Consensus Cloud Solutions by 74.9% in 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 during the last quarter. R Squared Ltd acquired a new position in shares of Consensus Cloud Solutions during the 4th quarter worth about $42,000. AlphaQuest LLC raised its holdings in shares of Consensus Cloud Solutions by 451.5% in the 4th quarter. AlphaQuest LLC now owns 2,173 shares of the company's stock valued at $52,000 after purchasing an additional 1,779 shares during the period. Quantbot Technologies LP acquired a new stake in Consensus Cloud Solutions in the 4th quarter valued at about $81,000. Finally, SG Americas Securities LLC grew its holdings in 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 currently owned by institutional investors.

Consensus Cloud Solutions Price Performance

NASDAQ CCSI traded down $0.59 on Monday, reaching $18.19. The company had a trading volume of 134,422 shares, compared to its average volume of 155,486. The firm has a market cap of $355.18 million, a price-to-earnings ratio of 3.94 and a beta of 1.47. Consensus Cloud Solutions, Inc. has a fifty-two week low of $11.62 and a fifty-two week high of $32.10. The business has a 50 day moving average of $23.65 and a two-hundred day 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 firm had revenue of $86.98 million during the quarter, compared to analyst estimates 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, research analysts predict that Consensus Cloud Solutions, Inc. will post 5.17 earnings per share for the current fiscal year.

Analysts Set New Price Targets

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

Consensus Cloud Solutions Company 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.