New South Capital Management Inc. Invests $4.22 Million in Consensus Cloud Solutions, Inc. (NASDAQ:CCSI)

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.

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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.

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.