State Street Corp Boosts Holdings in Consensus Cloud Solutions, Inc. (NASDAQ:CCSI)

State Street Corp boosted its holdings in shares of Consensus Cloud Solutions, Inc. (NASDAQ:CCSI - Free Report) by 15.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 450,415 shares of the company's stock after acquiring an additional 59,219 shares during the period. State Street Corp owned about 2.33% of Consensus Cloud Solutions worth $10,607,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of CCSI. Marshall Wace LLP raised its position in shares of Consensus Cloud Solutions by 437.2% in the second quarter. Marshall Wace LLP now owns 682,669 shares of the company's stock valued at $11,728,000 after buying an additional 555,584 shares during the last quarter. Janus Henderson Group PLC raised its holdings in Consensus Cloud Solutions by 26.4% in the 3rd 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 during the last quarter. AQR Capital Management LLC lifted its stake in shares of Consensus Cloud Solutions by 115.4% during the 2nd quarter. AQR Capital Management LLC now owns 672,803 shares of the company's stock worth $11,041,000 after purchasing an additional 360,476 shares during the period. Renaissance Technologies LLC boosted its holdings in shares of Consensus Cloud Solutions by 165.1% during the second quarter. Renaissance Technologies LLC now owns 116,900 shares of the company's stock worth $2,008,000 after purchasing an additional 72,800 shares during the last quarter. Finally, Los Angeles Capital Management LLC purchased a new stake in shares of Consensus Cloud Solutions in the second quarter valued at $1,205,000. Hedge funds and other institutional investors own 93.93% of the company's stock.

Consensus Cloud Solutions Stock Down 1.5 %

Shares of Consensus Cloud Solutions stock traded down $0.37 during trading hours on Friday, hitting $23.91. The company's stock had a trading volume of 89,654 shares, compared to its average volume of 220,083. The business has a fifty day moving average of $23.99 and a 200 day moving average of $21.67. Consensus Cloud Solutions, Inc. has a 1-year low of $11.62 and a 1-year high of $27.79. The company has a market capitalization of $461.56 million, a PE ratio of 5.23 and a beta of 1.42.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the company. Oppenheimer increased their target price on Consensus Cloud Solutions from $23.00 to $27.00 and gave the stock an "outperform" rating in a research report on Friday, November 8th. BTIG Research boosted their target price on shares of Consensus Cloud Solutions from $30.00 to $32.00 and gave the company a "buy" rating in a report on Monday, November 11th. Wedbush increased their price target 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. Citigroup lifted their price target on shares of Consensus Cloud Solutions from $17.00 to $19.00 and gave the company a "sell" rating in a report on Tuesday, November 19th. Finally, JPMorgan Chase & Co. downgraded Consensus Cloud Solutions from a "neutral" rating to an "underweight" rating and upped their price objective for the stock from $19.00 to $21.00 in a report on Monday, September 9th. Two investment analysts have rated the stock with a sell rating and three have given a buy rating to the company. According to data from MarketBeat, Consensus Cloud Solutions currently has a consensus rating of "Hold" and an average target price of $26.20.

Consensus Cloud Solutions 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.