New South Capital Management Inc. bought a new stake in Consensus Cloud Solutions, Inc. (NASDAQ:CCSI - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor bought 176,994 shares of the company's stock, valued at approximately $4,223,000. New South Capital Management Inc. owned 0.92% of Consensus Cloud Solutions as of its most recent filing with the SEC.
Other hedge funds have also bought and sold shares of the company. Creative Planning bought a new position in Consensus Cloud Solutions during the third quarter worth $285,000. Wealth Enhancement Advisory Services LLC bought a new stake in shares of Consensus Cloud Solutions during the 3rd quarter worth about $242,000. Capital Performance Advisors LLP bought a new stake in shares of Consensus Cloud Solutions during the 3rd quarter worth about $29,000. GSA Capital Partners LLP grew its stake in Consensus Cloud Solutions by 6.2% in the 3rd quarter. GSA Capital Partners LLP now owns 56,999 shares of the company's stock valued at $1,342,000 after buying an additional 3,339 shares during the last quarter. Finally, Integrated Investment Consultants LLC raised its holdings in Consensus Cloud Solutions by 14.7% in the 3rd quarter. Integrated Investment Consultants LLC now owns 155,857 shares of the company's stock valued at $3,670,000 after acquiring an additional 19,948 shares during the period. 93.93% of the stock is currently owned by institutional investors and hedge funds.
Consensus Cloud Solutions Stock Up 2.7 %
Shares of NASDAQ:CCSI traded up $0.64 during midday trading on Friday, hitting $24.27. The stock had a trading volume of 111,167 shares, compared to its average volume of 188,568. The company's 50-day moving average price is $26.19 and its 200-day moving average price is $24.30. Consensus Cloud Solutions, Inc. has a fifty-two week low of $11.62 and a fifty-two week high of $32.10. The company has a market capitalization of $473.90 million, a P/E ratio of 5.25 and a beta of 1.45.
Consensus Cloud Solutions (NASDAQ:CCSI - Get Free Report) last announced its quarterly earnings data on Wednesday, February 19th. The company reported $1.09 EPS for the quarter, missing the consensus estimate of $1.19 by ($0.10). The firm had revenue of $86.98 million for 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 expect that Consensus Cloud Solutions, Inc. will post 5.17 EPS for the current fiscal year.
Analysts Set New Price Targets
CCSI has been the subject of a number of research analyst reports. Citigroup boosted their price objective on Consensus Cloud Solutions from $19.00 to $20.00 and gave the stock a "sell" rating in a report on Friday, January 17th. Oppenheimer boosted their price target on Consensus Cloud Solutions from $27.00 to $32.00 and gave the company an "outperform" rating in a research note on Thursday, February 20th. Finally, 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 research note on Monday, November 11th. Two equities research analysts have rated the stock with a sell rating and three have issued a buy rating to the stock. According to MarketBeat.com, Consensus Cloud Solutions has an average rating of "Hold" and a consensus price target of $27.40.
Check Out Our Latest Research Report on CCSI
About Consensus Cloud Solutions
(
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.
Featured Stories
Before you consider Consensus Cloud Solutions, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Consensus Cloud Solutions wasn't on the list.
While Consensus Cloud Solutions currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
