Greenleaf Trust Acquires New Position in Consensus Cloud Solutions, Inc. (NASDAQ:CCSI)

Greenleaf Trust acquired a new position in shares of Consensus Cloud Solutions, Inc. (NASDAQ:CCSI - Free Report) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 69,385 shares of the company's stock, valued at approximately $1,634,000. Greenleaf Trust owned 0.36% of Consensus Cloud Solutions as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in CCSI. Creative Planning bought a new stake in Consensus Cloud Solutions in the third quarter valued at about $285,000. CWM LLC increased its stake in Consensus Cloud Solutions by 87.3% in the third quarter. CWM LLC now owns 16,469 shares of the company's stock valued at $388,000 after acquiring an additional 7,677 shares during the period. SG Americas Securities LLC bought a new stake in Consensus Cloud Solutions in the third quarter valued at about $148,000. AQR Capital Management LLC increased its stake in Consensus Cloud Solutions by 115.4% in the second quarter. AQR Capital Management LLC now owns 672,803 shares of the company's stock valued at $11,041,000 after acquiring an additional 360,476 shares during the period. Finally, Squarepoint Ops LLC increased its stake in Consensus Cloud Solutions by 59.9% in the second quarter. Squarepoint Ops LLC now owns 37,902 shares of the company's stock valued at $651,000 after acquiring an additional 14,194 shares during the period. Institutional investors own 93.93% of the company's stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Oppenheimer upped their target price on shares of Consensus Cloud Solutions from $20.00 to $23.00 and gave the company an "outperform" rating in a research note on Friday, August 9th. JPMorgan Chase & Co. cut shares of Consensus Cloud Solutions from a "neutral" rating to an "underweight" rating and upped their price objective for the stock from $19.00 to $21.00 in a research note on Monday, September 9th. Finally, BTIG Research raised shares of Consensus Cloud Solutions from a "neutral" rating to a "buy" rating and set a $30.00 price objective on the stock in a research note on Wednesday, August 21st. Two investment analysts have rated the stock with a sell rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $23.60.

Consensus Cloud Solutions Stock Performance

Consensus Cloud Solutions stock traded down $0.33 during trading hours on Thursday, hitting $20.17. 84,572 shares of the stock were exchanged, compared to its average volume of 241,677. The stock has a market capitalization of $387.67 million, a P/E ratio of 4.44 and a beta of 1.37. Consensus Cloud Solutions, Inc. has a 12 month low of $11.62 and a 12 month high of $28.09. The business's 50-day moving average is $22.18 and its two-hundred day moving average is $19.05.

Consensus Cloud Solutions (NASDAQ:CCSI - Get Free Report) last announced its earnings results on Thursday, August 8th. The company reported $1.26 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.11 by $0.15. Consensus Cloud Solutions had a net margin of 25.72% and a negative return on equity of 57.77%. The company had revenue of $87.50 million for the quarter, compared to analyst estimates of $87.10 million. On average, equities analysts predict that Consensus Cloud Solutions, Inc. will post 4.86 earnings per share for the current fiscal year.

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.