Prudential Financial Inc. Boosts Stock Holdings in Consensus Cloud Solutions, Inc. (NASDAQ:CCSI)

Prudential Financial Inc. raised its position in shares of Consensus Cloud Solutions, Inc. (NASDAQ:CCSI - Free Report) by 632.6% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 111,870 shares of the company's stock after purchasing an additional 96,600 shares during the quarter. Prudential Financial Inc. owned 0.58% of Consensus Cloud Solutions worth $2,669,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of CCSI. Janus Henderson Group PLC increased 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 valued at $56,070,000 after acquiring an additional 498,010 shares in the last quarter. New South Capital Management Inc. bought a new stake in shares of Consensus Cloud Solutions in the 4th quarter worth $4,223,000. JPMorgan Chase & Co. raised its stake in shares of Consensus Cloud Solutions by 223.1% in the third quarter. JPMorgan Chase & Co. now owns 197,456 shares of the company's stock worth $4,650,000 after purchasing an additional 136,349 shares during the last quarter. State Street Corp lifted its holdings in shares of Consensus Cloud Solutions by 15.1% during the third quarter. State Street Corp now owns 450,415 shares of the company's stock valued at $10,607,000 after purchasing an additional 59,219 shares in the last quarter. Finally, Denali Advisors LLC boosted its position in shares of Consensus Cloud Solutions by 36.8% during the fourth quarter. Denali Advisors LLC now owns 204,932 shares of the company's stock valued at $4,890,000 after buying an additional 55,174 shares during the last quarter. 93.93% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

CCSI has been the topic of several research analyst reports. Oppenheimer upped their target price on shares of Consensus Cloud Solutions from $27.00 to $32.00 and gave the company an "outperform" rating in a research note on Thursday, February 20th. Citigroup increased their price objective on shares of Consensus Cloud Solutions from $19.00 to $20.00 and gave the company a "sell" rating in a research report on Friday, January 17th. 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, the stock presently has a consensus rating of "Hold" and a consensus price target of $27.40.

Consensus Cloud Solutions Stock Down 1.7 %

NASDAQ:CCSI traded down $0.33 on Tuesday, hitting $19.34. The stock had a trading volume of 233,691 shares, compared to its average volume of 158,461. Consensus Cloud Solutions, Inc. has a 52-week low of $11.62 and a 52-week high of $32.10. The stock has a market cap of $377.63 million, a price-to-earnings ratio of 4.19 and a beta of 1.47. The business's 50-day simple moving average is $25.24 and its two-hundred day simple moving average is $24.35.

Consensus Cloud Solutions (NASDAQ:CCSI - Get Free Report) last announced its earnings results on Wednesday, February 19th. The company reported $1.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.19 by ($0.10). Consensus Cloud Solutions had a net margin of 25.52% and a negative return on equity of 83.93%. The business had revenue of $86.98 million for the quarter, compared to the consensus estimate of $85.07 million. As a group, equities research analysts anticipate that Consensus Cloud Solutions, Inc. will post 5.17 EPS for the current 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.