Marshall Wace LLP decreased its stake in Consensus Cloud Solutions, Inc. (NASDAQ:CCSI - Free Report) by 32.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 353,992 shares of the company's stock after selling 166,377 shares during the period. Marshall Wace LLP owned 1.83% of Consensus Cloud Solutions worth $8,446,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently modified their holdings of the stock. Geode Capital Management LLC boosted its stake in Consensus Cloud Solutions by 1.3% in the third quarter. Geode Capital Management LLC now owns 421,123 shares of the company's stock valued at $9,920,000 after acquiring an additional 5,299 shares in the last quarter. JPMorgan Chase & Co. grew its stake in Consensus Cloud Solutions by 223.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 197,456 shares of the company's stock worth $4,650,000 after buying an additional 136,349 shares during the last quarter. Barclays PLC increased its position in Consensus Cloud Solutions by 275.8% during the third quarter. Barclays PLC now owns 23,618 shares of the company's stock worth $556,000 after buying an additional 17,333 shares during the period. Integrated Investment Consultants LLC lifted its stake in Consensus Cloud Solutions by 9.3% in the fourth quarter. Integrated Investment Consultants LLC now owns 170,306 shares of the company's stock valued at $4,064,000 after buying an additional 14,449 shares during the last quarter. Finally, Quantbot Technologies LP acquired a new stake in shares of Consensus Cloud Solutions in the fourth quarter valued at approximately $81,000. 93.93% of the stock is owned by hedge funds and other institutional investors.
Consensus Cloud Solutions Stock Performance
Shares of CCSI opened at $18.41 on Wednesday. The stock has a market capitalization of $359.47 million, a P/E ratio of 3.98 and a beta of 1.47. Consensus Cloud Solutions, Inc. has a 1 year low of $11.62 and a 1 year high of $32.10. The company's fifty day moving average is $23.22 and its two-hundred day moving average is $24.07.
Consensus Cloud Solutions (NASDAQ:CCSI - Get Free Report) last posted its quarterly earnings results on Wednesday, February 19th. The company reported $1.09 EPS for the quarter, missing the consensus estimate of $1.19 by ($0.10). The business 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%. Sell-side analysts predict that Consensus Cloud Solutions, Inc. will post 5.17 EPS for the current year.
Analysts Set New Price Targets
A number of brokerages have recently commented on CCSI. Citigroup lifted their target price on shares of Consensus Cloud Solutions from $19.00 to $20.00 and gave the company a "sell" rating in a 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 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 given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $27.40.
Check Out Our Latest Stock Report on Consensus Cloud Solutions
Consensus Cloud Solutions Profile
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Free Report)
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.
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