Raymond James Financial Inc. Purchases Shares of 29,000 Consensus Cloud Solutions, Inc. (NASDAQ:CCSI)

Raymond James Financial Inc. bought a new position in Consensus Cloud Solutions, Inc. (NASDAQ:CCSI - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 29,000 shares of the company's stock, valued at approximately $692,000. Raymond James Financial Inc. owned about 0.15% of Consensus Cloud Solutions at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Geode Capital Management LLC lifted its stake in shares of Consensus Cloud Solutions by 1.3% in the 3rd quarter. Geode Capital Management LLC now owns 421,123 shares of the company's stock valued at $9,920,000 after purchasing an additional 5,299 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in Consensus Cloud Solutions by 223.1% during the third quarter. JPMorgan Chase & Co. now owns 197,456 shares of the company's stock valued at $4,650,000 after buying an additional 136,349 shares in the last quarter. Barclays PLC lifted its position in shares of Consensus Cloud Solutions by 275.8% in the third quarter. Barclays PLC now owns 23,618 shares of the company's stock worth $556,000 after buying an additional 17,333 shares during the last quarter. Integrated Investment Consultants LLC boosted its stake in shares of Consensus Cloud Solutions by 9.3% during the 4th quarter. Integrated Investment Consultants LLC now owns 170,306 shares of the company's stock worth $4,064,000 after acquiring an additional 14,449 shares in the last quarter. Finally, State Street Corp increased its holdings in shares of Consensus Cloud Solutions by 15.1% during the 3rd quarter. State Street Corp now owns 450,415 shares of the company's stock valued at $10,607,000 after acquiring an additional 59,219 shares during the last quarter. 93.93% of the stock is owned by hedge funds and other institutional investors.

Consensus Cloud Solutions Trading Down 1.7 %

NASDAQ:CCSI traded down $0.34 during mid-day trading on Friday, hitting $19.17. 110,013 shares of the company's stock traded hands, compared to its average volume of 157,573. The firm has a market capitalization of $374.31 million, a price-to-earnings ratio of 4.15 and a beta of 1.47. The firm has a 50 day moving average of $24.58 and a two-hundred day moving average of $24.27. Consensus Cloud Solutions, Inc. has a 12 month low of $11.62 and a 12 month high of $32.10.

Consensus Cloud Solutions (NASDAQ:CCSI - Get Free Report) last posted its quarterly earnings data on Wednesday, February 19th. The company reported $1.09 earnings per share 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 during the quarter, compared to the consensus estimate of $85.07 million. As a group, equities research analysts expect that Consensus Cloud Solutions, Inc. will post 5.17 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on CCSI shares. Citigroup boosted 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. Oppenheimer lifted their price target on shares of Consensus Cloud Solutions from $27.00 to $32.00 and gave the company an "outperform" rating in a research report on Thursday, February 20th. Two research analysts have rated the stock with a sell rating and three have given a buy rating to the company's stock. Based on data from MarketBeat, Consensus Cloud Solutions currently has a consensus rating of "Hold" and a consensus target price of $27.40.

Consensus Cloud Solutions Company Profile

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.