Integrated Investment Consultants LLC lifted its stake in Consensus Cloud Solutions, Inc. (NASDAQ:CCSI – Free Report) by 9.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 170,306 shares of the company’s stock after acquiring an additional 14,449 shares during the period. Integrated Investment Consultants LLC owned approximately 0.88% of Consensus Cloud Solutions worth $4,064,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also bought and sold shares of CCSI. Capital Performance Advisors LLP bought a new stake in Consensus Cloud Solutions in the 3rd quarter valued at $29,000. GAMMA Investing LLC lifted its stake in shares of Consensus Cloud Solutions by 74.9% in the fourth quarter. GAMMA Investing LLC now owns 1,525 shares of the company’s stock valued at $36,000 after buying an additional 653 shares during the period. SG Americas Securities LLC acquired a new stake in Consensus Cloud Solutions during the third quarter worth about $148,000. DGS Capital Management LLC bought a new position in Consensus Cloud Solutions during the third quarter valued at about $209,000. Finally, Wealth Enhancement Advisory Services LLC acquired a new position in Consensus Cloud Solutions in the 3rd quarter valued at approximately $242,000. Institutional investors own 93.93% of the company’s stock.
Analysts Set New Price Targets
A number of analysts have recently issued reports on CCSI shares. Wedbush boosted their price objective on Consensus Cloud Solutions from $24.00 to $32.00 and gave the company an “outperform” rating in a research report on Friday, November 8th. Oppenheimer boosted their price target on shares of Consensus Cloud Solutions from $23.00 to $27.00 and gave the company an “outperform” rating in a report on Friday, November 8th. BTIG Research raised their price objective on shares of 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 shares of Consensus Cloud Solutions from $19.00 to $20.00 and gave the company a “sell” rating in a research note on Friday. Two investment analysts have rated the stock with a sell rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, Consensus Cloud Solutions currently has a consensus rating of “Hold” and an average target price of $26.40.
Consensus Cloud Solutions Price Performance
Consensus Cloud Solutions stock opened at $25.07 on Friday. The firm has a market capitalization of $483.85 million, a P/E ratio of 5.49 and a beta of 1.41. The stock has a fifty day moving average price of $24.47 and a two-hundred day moving average price of $22.34. Consensus Cloud Solutions, Inc. has a 52-week low of $11.62 and a 52-week high of $27.79.
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.
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