Heron Bay Capital Management Purchases 32,482 Shares of Consensus Cloud Solutions, Inc. (NASDAQ:CCSI)

Heron Bay Capital Management increased its position in Consensus Cloud Solutions, Inc. (NASDAQ:CCSI - Free Report) by 3.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 965,314 shares of the company's stock after buying an additional 32,482 shares during the quarter. Consensus Cloud Solutions comprises about 4.8% of Heron Bay Capital Management's investment portfolio, making the stock its 3rd biggest position. Heron Bay Capital Management owned 5.00% of Consensus Cloud Solutions worth $23,032,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of CCSI. GAMMA Investing LLC raised its position in Consensus Cloud Solutions by 74.9% in the fourth quarter. GAMMA Investing LLC now owns 1,525 shares of the company's stock valued at $36,000 after purchasing an additional 653 shares during the period. R Squared Ltd acquired a new stake in shares of Consensus Cloud Solutions in the fourth quarter valued at about $42,000. AlphaQuest LLC raised its holdings in shares of Consensus Cloud Solutions by 451.5% during the 4th quarter. AlphaQuest LLC now owns 2,173 shares of the company's stock valued at $52,000 after buying an additional 1,779 shares during the period. Quantbot Technologies LP acquired a new position in Consensus Cloud Solutions during the 4th quarter worth approximately $81,000. Finally, SG Americas Securities LLC boosted its holdings in 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 acquiring an additional 1,240 shares during the period. 93.93% of the stock is owned by institutional investors and hedge funds.

Consensus Cloud Solutions Price Performance

CCSI traded down $0.12 during trading on Thursday, hitting $23.56. The company had a trading volume of 135,952 shares, compared to its average volume of 157,220. Consensus Cloud Solutions, Inc. has a 1-year low of $11.62 and a 1-year high of $32.10. The company has a market cap of $460.03 million, a PE ratio of 5.10 and a beta of 1.45. The business has a 50-day moving average of $26.19 and a 200-day moving average of $24.40.

Consensus Cloud Solutions (NASDAQ:CCSI - Get Free Report) last issued its earnings results on Wednesday, February 19th. The company reported $1.09 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.19 by ($0.10). The company 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%. Research analysts forecast that Consensus Cloud Solutions, Inc. will post 5.17 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms have recently commented on CCSI. Citigroup boosted their target price on shares of Consensus Cloud Solutions from $19.00 to $20.00 and gave the stock a "sell" rating in a research report on Friday, January 17th. Oppenheimer upped 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 equities research analysts have rated the stock with a sell rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, Consensus Cloud Solutions currently has a consensus rating of "Hold" and a consensus target price 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.