Integrated Quantitative Investments LLC Takes Position in Consensus Cloud Solutions, Inc. (NASDAQ:CCSI)

Integrated Quantitative Investments LLC bought a new position in shares of Consensus Cloud Solutions, Inc. (NASDAQ:CCSI) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 11,150 shares of the company’s stock, valued at approximately $266,000.

Several other large investors have also recently bought and sold shares of CCSI. State Street Corp raised its stake in shares of Consensus Cloud Solutions by 15.1% during the 3rd quarter. State Street Corp now owns 450,415 shares of the company’s stock worth $10,607,000 after purchasing an additional 59,219 shares in the last quarter. Barclays PLC grew its holdings in Consensus Cloud Solutions by 275.8% during the third quarter. Barclays PLC now owns 23,618 shares of the company’s stock worth $556,000 after purchasing an additional 17,333 shares during the period. Geode Capital Management LLC increased its position 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 worth $9,920,000 after buying an additional 5,299 shares during the last quarter. DGS Capital Management LLC bought a new stake in Consensus Cloud Solutions in the third quarter valued at approximately $209,000. Finally, JPMorgan Chase & Co. boosted its stake in shares of 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 acquiring an additional 136,349 shares during the period. 93.93% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on CCSI shares. Citigroup increased their price target on Consensus Cloud Solutions from $19.00 to $20.00 and gave the company a “sell” rating in a research note on Friday, January 17th. Oppenheimer increased their price objective 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. Two analysts have rated the stock with a sell rating and three have given a buy rating to the stock. According to data from MarketBeat, Consensus Cloud Solutions currently has an average rating of “Hold” and a consensus price target of $27.40.

Consensus Cloud Solutions Stock Performance

CCSI opened at $20.50 on Friday. The stock has a fifty day moving average of $25.82 and a 200-day moving average of $24.42. The company has a market capitalization of $400.28 million, a P/E ratio of 4.44 and a beta of 1.47. Consensus Cloud Solutions, Inc. has a fifty-two week low of $11.62 and a fifty-two week high of $32.10.

Consensus Cloud Solutions (NASDAQ:CCSI) last posted its quarterly earnings data on Wednesday, February 19th. The company reported $1.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.19 by ($0.10). Consensus Cloud Solutions had a net margin of 25.52% and a negative return on equity of 83.93%. The business had revenue of $86.98 million during the quarter, compared to the consensus estimate of $85.07 million. On average, equities research analysts predict that Consensus Cloud Solutions, Inc. will post 5.17 earnings per share for the current fiscal year.

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.