Consensus Cloud Solutions, Inc. (NASDAQ:CCSI) Shares Sold by Royce & Associates LP

Royce & Associates LP cut its holdings in shares of Consensus Cloud Solutions, Inc. (NASDAQ:CCSI) by 24.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 53,419 shares of the company’s stock after selling 17,284 shares during the period. Royce & Associates LP owned about 0.28% of Consensus Cloud Solutions worth $1,275,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Cerity Partners LLC grew its stake in Consensus Cloud Solutions by 272.4% during the 3rd quarter. Cerity Partners LLC now owns 59,442 shares of the company’s stock valued at $1,400,000 after purchasing an additional 43,482 shares in the last quarter. Geode Capital Management LLC grew its position in shares of 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 in the last quarter. JPMorgan Chase & Co. increased 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 buying an additional 136,349 shares during the last quarter. Barclays PLC increased its stake in shares of Consensus Cloud Solutions by 275.8% in the third quarter. Barclays PLC now owns 23,618 shares of the company’s stock worth $556,000 after buying an additional 17,333 shares during the last quarter. Finally, Integrated Investment Consultants LLC raised its holdings in Consensus Cloud Solutions by 9.3% in the fourth 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 in the last quarter. 93.93% of the stock is owned by hedge funds and other institutional investors.

Consensus Cloud Solutions Stock Performance

Consensus Cloud Solutions stock opened at $24.69 on Friday. Consensus Cloud Solutions, Inc. has a 1 year low of $11.62 and a 1 year high of $32.10. The firm’s 50-day moving average is $26.21 and its 200-day moving average is $24.38. The company has a market cap of $482.10 million, a P/E ratio of 5.34 and a beta of 1.45.

Consensus Cloud Solutions (NASDAQ:CCSI) last issued its earnings results 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). The business had revenue of $86.98 million during 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%. As a group, sell-side analysts predict that Consensus Cloud Solutions, Inc. will post 5.17 earnings per share for the current year.

Analyst Upgrades and Downgrades

CCSI has been the subject of several research analyst reports. Oppenheimer boosted their target price on shares of Consensus Cloud Solutions from $27.00 to $32.00 and gave the stock an “outperform” rating in a research report on Thursday, February 20th. Citigroup boosted their price objective on Consensus Cloud Solutions from $19.00 to $20.00 and gave the company a “sell” rating in a report on Friday, January 17th. Two research analysts have rated the stock with a sell rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $27.40.

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.