DGS Capital Management LLC Invests $209,000 in Consensus Cloud Solutions, Inc. (NASDAQ:CCSI)

DGS Capital Management LLC bought a new stake in shares of Consensus Cloud Solutions, Inc. (NASDAQ:CCSI) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 8,894 shares of the company’s stock, valued at approximately $209,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Marshall Wace LLP increased its stake 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 worth $11,728,000 after purchasing an additional 555,584 shares in the last quarter. Janus Henderson Group PLC increased its stake 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 worth $56,070,000 after buying an additional 498,010 shares in the last quarter. AQR Capital Management LLC raised its holdings in Consensus Cloud Solutions by 115.4% during the second quarter. AQR Capital Management LLC now owns 672,803 shares of the company’s stock valued at $11,041,000 after acquiring an additional 360,476 shares during the period. Renaissance Technologies LLC lifted its position in shares of Consensus Cloud Solutions by 165.1% in the second quarter. Renaissance Technologies LLC now owns 116,900 shares of the company’s stock valued at $2,008,000 after acquiring an additional 72,800 shares in the last quarter. Finally, Los Angeles Capital Management LLC bought a new position in shares of Consensus Cloud Solutions in the second quarter worth about $1,205,000. 93.93% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently commented on CCSI shares. JPMorgan Chase & Co. cut Consensus Cloud Solutions from a “neutral” rating to an “underweight” rating and boosted their price target for the stock from $19.00 to $21.00 in a report on Monday, September 9th. Citigroup upped their target price on shares of Consensus Cloud Solutions from $17.00 to $19.00 and gave the stock a “sell” rating in a research report on Tuesday, November 19th. Oppenheimer raised their target price on shares of Consensus Cloud Solutions from $23.00 to $27.00 and gave the company an “outperform” rating in a research note on Friday, November 8th. Wedbush boosted 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. Finally, BTIG Research raised their price objective on Consensus Cloud Solutions from $30.00 to $32.00 and gave the company a “buy” rating in a research report on Monday, November 11th. Two research analysts have rated the stock with a sell rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $26.20.

Consensus Cloud Solutions Stock Performance

CCSI stock opened at $24.10 on Friday. The firm has a fifty day moving average price of $23.52 and a 200 day moving average price of $21.36. Consensus Cloud Solutions, Inc. has a fifty-two week low of $11.62 and a fifty-two week high of $28.09. The firm has a market cap of $465.23 million, a PE ratio of 5.27 and a beta of 1.42.

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.