New York State Common Retirement Fund increased its stake in shares of Consensus Cloud Solutions, Inc. (NASDAQ:CCSI - Free Report) by 16.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 82,136 shares of the company's stock after acquiring an additional 11,900 shares during the period. New York State Common Retirement Fund owned about 0.43% of Consensus Cloud Solutions worth $1,960,000 as of its most recent SEC filing.
Several other institutional investors have also added to or reduced their stakes in the stock. Janus Henderson Group PLC boosted its position in shares of Consensus Cloud Solutions by 26.4% during the third quarter. Janus Henderson Group PLC now owns 2,380,874 shares of the company's stock worth $56,070,000 after buying an additional 498,010 shares during the period. JPMorgan Chase & Co. lifted its stake in Consensus Cloud Solutions by 223.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 197,456 shares of the company's stock valued at $4,650,000 after acquiring an additional 136,349 shares in the last quarter. State Street Corp boosted its position in Consensus Cloud Solutions by 15.1% during the 3rd quarter. State Street Corp now owns 450,415 shares of the company's stock worth $10,607,000 after acquiring an additional 59,219 shares during the last quarter. Cerity Partners LLC grew its stake in shares of Consensus Cloud Solutions by 272.4% during the 3rd quarter. Cerity Partners LLC now owns 59,442 shares of the company's stock worth $1,400,000 after acquiring an additional 43,482 shares in the last quarter. Finally, Integrated Investment Consultants LLC grew its stake in shares of Consensus Cloud Solutions by 14.7% during the 3rd quarter. Integrated Investment Consultants LLC now owns 155,857 shares of the company's stock worth $3,670,000 after acquiring an additional 19,948 shares in the last quarter. 93.93% of the stock is owned by institutional investors.
Consensus Cloud Solutions Trading Down 0.2 %
Shares of CCSI traded down $0.05 during midday trading on Wednesday, reaching $24.17. The stock had a trading volume of 160,660 shares, compared to its average volume of 194,731. The firm has a market cap of $471.94 million, a PE ratio of 5.23 and a beta of 1.45. The firm has a 50 day simple moving average of $26.20 and a 200-day simple moving average of $24.25. Consensus Cloud Solutions, Inc. has a one year low of $11.62 and a one year high of $32.10.
Consensus Cloud Solutions (NASDAQ:CCSI - Get Free Report) last posted its quarterly earnings results on Wednesday, February 19th. The company reported $1.09 EPS for the quarter, missing analysts' consensus estimates of $1.19 by ($0.10). The business had revenue of $86.98 million for the quarter, compared to the consensus estimate of $85.07 million. Consensus Cloud Solutions had a negative return on equity of 83.93% and a net margin of 25.52%. As a group, research analysts forecast 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 several recent research reports. BTIG Research increased their target price on shares of 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 price objective on shares of Consensus Cloud Solutions from $24.00 to $32.00 and gave the stock an "outperform" rating in a research note on Friday, November 8th. Oppenheimer raised their price objective on Consensus Cloud Solutions from $27.00 to $32.00 and gave the company an "outperform" rating in a report on Thursday, February 20th. Finally, Citigroup upped their target price on Consensus Cloud Solutions from $19.00 to $20.00 and gave the stock a "sell" rating in a report on Friday, January 17th. Two research analysts have rated the stock with a sell rating and three have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $27.40.
Get Our Latest Research Report on CCSI
Consensus Cloud Solutions Profile
(
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.
Further Reading
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
Thinking about investing in Meta, Roblox, or Unity? Enter your email to learn what streetwise investors need to know about the metaverse and public markets before making an investment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
