Consensus Cloud Solutions, Inc. (NASDAQ:CCSI) Shares Purchased by JPMorgan Chase & Co.

JPMorgan Chase & Co. raised its position in Consensus Cloud Solutions, Inc. (NASDAQ:CCSI - Free Report) by 223.1% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 197,456 shares of the company's stock after purchasing an additional 136,349 shares during the period. JPMorgan Chase & Co. owned about 1.02% of Consensus Cloud Solutions worth $4,650,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. Capital Performance Advisors LLP acquired a new position in shares of Consensus Cloud Solutions during the 3rd quarter worth approximately $29,000. SG Americas Securities LLC purchased a new stake in shares of Consensus Cloud Solutions in the third quarter valued at $148,000. Massachusetts Financial Services Co. MA acquired a new stake in shares of Consensus Cloud Solutions during the second quarter valued at $188,000. DGS Capital Management LLC purchased a new stake in Consensus Cloud Solutions during the 3rd quarter worth about $209,000. Finally, Wealth Enhancement Advisory Services LLC acquired a new position in Consensus Cloud Solutions in the 3rd quarter valued at about $242,000. Hedge funds and other institutional investors own 93.93% of the company's stock.

Consensus Cloud Solutions Stock Performance

Shares of CCSI traded up $0.38 during trading hours on Friday, hitting $25.07. The stock had a trading volume of 118,606 shares, compared to its average volume of 80,256. The company's fifty day simple moving average is $24.47 and its 200 day simple moving average is $22.40. Consensus Cloud Solutions, Inc. has a 12-month low of $11.62 and a 12-month high of $27.79. The firm has a market cap of $483.85 million, a P/E ratio of 5.49 and a beta of 1.41.

Wall Street Analyst Weigh In

CCSI has been the subject of a number of recent research reports. Oppenheimer lifted their price target on shares of Consensus Cloud Solutions from $23.00 to $27.00 and gave the stock an "outperform" rating in a report on Friday, November 8th. BTIG Research raised their price objective on Consensus Cloud Solutions from $30.00 to $32.00 and gave the stock a "buy" rating in a report on Monday, November 11th. Wedbush increased their target price on Consensus Cloud Solutions from $24.00 to $32.00 and gave the stock an "outperform" rating in a research report on Friday, November 8th. Finally, Citigroup raised their price target on Consensus Cloud Solutions from $19.00 to $20.00 and gave the stock a "sell" rating in a research note on Friday. Two analysts have rated the stock with a sell rating and three have given a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $26.40.

About Consensus Cloud Solutions

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.