Janus Henderson Group PLC Increases Position in Consensus Cloud Solutions, Inc. (NASDAQ:CCSI)

Janus Henderson Group PLC lifted its position in shares of Consensus Cloud Solutions, Inc. (NASDAQ:CCSI - Free Report) by 26.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,380,874 shares of the company's stock after acquiring an additional 498,010 shares during the quarter. Janus Henderson Group PLC owned 12.34% of Consensus Cloud Solutions worth $56,070,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in CCSI. Marshall Wace LLP grew its position in Consensus Cloud Solutions by 437.2% during the second quarter. Marshall Wace LLP now owns 682,669 shares of the company's stock worth $11,728,000 after buying an additional 555,584 shares during the period. AQR Capital Management LLC grew its position in Consensus Cloud Solutions by 115.4% during the second quarter. AQR Capital Management LLC now owns 672,803 shares of the company's stock worth $11,041,000 after buying an additional 360,476 shares during the period. Renaissance Technologies LLC grew its position in Consensus Cloud Solutions by 165.1% during 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 period. Los Angeles Capital Management LLC acquired a new position in Consensus Cloud Solutions during the second quarter worth about $1,205,000. Finally, Greenleaf Trust acquired a new position in Consensus Cloud Solutions during the third quarter worth about $1,634,000. 93.93% of the stock is currently owned by institutional investors and hedge funds.

Consensus Cloud Solutions Price Performance

Shares of NASDAQ CCSI traded up $0.20 on Friday, hitting $25.04. The company's stock had a trading volume of 66,511 shares, compared to its average volume of 227,819. The company has a market capitalization of $483.37 million, a price-to-earnings ratio of 5.48 and a beta of 1.42. The stock has a 50 day moving average of $23.26 and a 200-day moving average of $21.15. Consensus Cloud Solutions, Inc. has a 12-month low of $11.62 and a 12-month high of $28.09.

Analyst Upgrades and Downgrades

CCSI has been the topic of several recent analyst reports. Citigroup upped their target price on shares of Consensus Cloud Solutions from $17.00 to $19.00 and gave the stock a "sell" rating in a research report on Tuesday, November 19th. Wedbush upped their price target on shares of Consensus Cloud Solutions from $24.00 to $32.00 and gave the company an "outperform" rating in a report on Friday, November 8th. BTIG Research upped their price target on shares of Consensus Cloud Solutions from $30.00 to $32.00 and gave the company a "buy" rating in a report on Monday, November 11th. JPMorgan Chase & Co. downgraded shares of Consensus Cloud Solutions from a "neutral" rating to an "underweight" rating and upped their price target for the company from $19.00 to $21.00 in a report on Monday, September 9th. Finally, Oppenheimer upped their price target on shares of Consensus Cloud Solutions from $23.00 to $27.00 and gave the company an "outperform" rating in a report on Friday, November 8th. Two research analysts have rated the stock with a sell rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $26.20.

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.