Consensus Cloud Solutions, Inc. (NASDAQ:CCSI) Stake Lessened by Bridge City Capital LLC

Bridge City Capital LLC trimmed its stake in shares of Consensus Cloud Solutions, Inc. (NASDAQ:CCSI) by 1.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 72,174 shares of the company’s stock after selling 839 shares during the quarter. Bridge City Capital LLC’s holdings in Consensus Cloud Solutions were worth $1,722,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Cerity Partners LLC lifted its position in shares of Consensus Cloud Solutions by 272.4% during the third quarter. Cerity Partners LLC now owns 59,442 shares of the company’s stock worth $1,400,000 after purchasing an additional 43,482 shares during the last quarter. Geode Capital Management LLC raised its stake in Consensus Cloud Solutions by 1.3% during the third quarter. Geode Capital Management LLC now owns 421,123 shares of the company’s stock valued at $9,920,000 after buying an additional 5,299 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in Consensus Cloud Solutions by 223.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 197,456 shares of the company’s stock worth $4,650,000 after buying an additional 136,349 shares during the last quarter. Barclays PLC grew its position in shares of Consensus Cloud Solutions by 275.8% in the 3rd quarter. Barclays PLC now owns 23,618 shares of the company’s stock worth $556,000 after acquiring an additional 17,333 shares in the last quarter. Finally, Integrated Investment Consultants LLC increased its holdings in shares of Consensus Cloud Solutions by 9.3% in the 4th quarter. Integrated Investment Consultants LLC now owns 170,306 shares of the company’s stock valued at $4,064,000 after acquiring an additional 14,449 shares during the last quarter. 93.93% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages recently issued reports on CCSI. Citigroup raised their price objective 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 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 report on Thursday, February 20th. Two research analysts have rated the stock with a sell rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, Consensus Cloud Solutions currently has a consensus rating of “Hold” and an average price target of $27.40.

Consensus Cloud Solutions Price Performance

Shares of CCSI opened at $23.65 on Friday. Consensus Cloud Solutions, Inc. has a 12 month low of $11.62 and a 12 month high of $32.10. The stock has a fifty day moving average price of $26.21 and a 200 day moving average price of $24.38. The company has a market cap of $461.79 million, a P/E ratio of 5.12 and a beta of 1.45.

Consensus Cloud Solutions (NASDAQ:CCSI) last released its quarterly earnings data 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 firm had revenue of $86.98 million during the quarter, compared to analyst estimates of $85.07 million. Consensus Cloud Solutions had a negative return on equity of 83.93% and a net margin of 25.52%. As a group, research analysts anticipate 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.