Consensus Cloud Solutions, Inc. (NASDAQ:CCSI) Shares Purchased by Denali Advisors LLC

Denali Advisors LLC raised its position in Consensus Cloud Solutions, Inc. (NASDAQ:CCSI) by 36.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 204,932 shares of the company’s stock after purchasing an additional 55,174 shares during the quarter. Denali Advisors LLC’s holdings in Consensus Cloud Solutions were worth $4,890,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Cerity Partners LLC grew its holdings in Consensus Cloud Solutions by 272.4% in the 3rd quarter. Cerity Partners LLC now owns 59,442 shares of the company’s stock worth $1,400,000 after buying an additional 43,482 shares in the last quarter. Geode Capital Management LLC boosted its position in Consensus Cloud Solutions by 1.3% during the 3rd quarter. Geode Capital Management LLC now owns 421,123 shares of the company’s stock worth $9,920,000 after acquiring an additional 5,299 shares during the period. JPMorgan Chase & Co. grew 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 in the last quarter. Barclays PLC increased its holdings in shares of Consensus Cloud Solutions by 275.8% during the third quarter. Barclays PLC now owns 23,618 shares of the company’s stock valued at $556,000 after purchasing an additional 17,333 shares during the period. Finally, Integrated Investment Consultants LLC raised its stake in shares of Consensus Cloud Solutions by 9.3% during the fourth quarter. Integrated Investment Consultants LLC now owns 170,306 shares of the company’s stock valued at $4,064,000 after purchasing an additional 14,449 shares in the last quarter. Institutional investors own 93.93% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on CCSI shares. Oppenheimer increased 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 report on Thursday, February 20th. Wedbush increased their price objective on shares of Consensus Cloud Solutions from $24.00 to $32.00 and gave the company an “outperform” rating in a report on Friday, November 8th. BTIG Research boosted their target price on Consensus Cloud Solutions from $30.00 to $32.00 and gave the stock a “buy” rating in a report on Monday, November 11th. 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 research report on Friday, January 17th. Two research analysts have rated the stock with a sell rating and three have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $27.40.

Consensus Cloud Solutions Trading Up 1.1 %

NASDAQ:CCSI opened at $26.18 on Wednesday. The company has a 50-day moving average of $25.96 and a 200-day moving average of $24.04. The firm has a market cap of $505.27 million, a price-to-earnings ratio of 5.67 and a beta of 1.45. Consensus Cloud Solutions, Inc. has a twelve month low of $11.62 and a twelve month high of $32.10.

Consensus Cloud Solutions (NASDAQ:CCSI) last issued its earnings results on Wednesday, February 19th. The company reported $1.09 earnings per share 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%. On average, research analysts forecast that Consensus Cloud Solutions, Inc. will post 5.17 earnings per share 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.