Vanguard Group Inc. Boosts Holdings in Consensus Cloud Solutions, Inc. (NASDAQ:CCSI)

Vanguard Group Inc. raised its holdings in shares of Consensus Cloud Solutions, Inc. (NASDAQ:CCSI - Free Report) by 1.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,511,942 shares of the company's stock after purchasing an additional 18,407 shares during the quarter. Vanguard Group Inc. owned 7.83% of Consensus Cloud Solutions worth $36,075,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. GAMMA Investing LLC raised its stake in Consensus Cloud Solutions by 74.9% in the fourth quarter. GAMMA Investing LLC now owns 1,525 shares of the company's stock worth $36,000 after buying an additional 653 shares in the last quarter. R Squared Ltd acquired a new stake in shares of Consensus Cloud Solutions during the fourth quarter worth about $42,000. AlphaQuest LLC increased its stake in shares of Consensus Cloud Solutions by 451.5% in the fourth quarter. AlphaQuest LLC now owns 2,173 shares of the company's stock worth $52,000 after acquiring an additional 1,779 shares during the period. Quantbot Technologies LP purchased a new stake in Consensus Cloud Solutions in the fourth quarter valued at $81,000. Finally, SG Americas Securities LLC grew its position in Consensus Cloud Solutions by 19.8% during the 4th quarter. SG Americas Securities LLC now owns 7,509 shares of the company's stock worth $179,000 after purchasing an additional 1,240 shares during the period. Hedge funds and other institutional investors own 93.93% of the company's stock.

Consensus Cloud Solutions Stock Up 0.2 %

Shares of NASDAQ CCSI traded up $0.03 during midday trading on Friday, hitting $18.78. The stock had a trading volume of 139,653 shares, compared to its average volume of 155,952. The stock has a 50 day simple moving average of $23.65 and a 200-day simple moving average of $24.10. The company has a market capitalization of $366.70 million, a PE ratio of 4.06 and a beta of 1.47. Consensus Cloud Solutions, Inc. has a 1 year low of $11.62 and a 1 year high of $32.10.

Consensus Cloud Solutions (NASDAQ:CCSI - Get Free Report) last released its quarterly earnings data 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 during 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%. As a group, analysts expect that Consensus Cloud Solutions, Inc. will post 5.17 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have recently commented on CCSI. Citigroup upped their target price on Consensus Cloud Solutions from $19.00 to $20.00 and gave the stock a "sell" rating in a research note on Friday, January 17th. Oppenheimer boosted 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. Two equities research analysts have rated the stock with a sell rating and three have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus 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.