Meeder Asset Management Inc. Purchases 839 Shares of Consensus Cloud Solutions, Inc. (NASDAQ:CCSI)

Meeder Asset Management Inc. boosted its position in shares of Consensus Cloud Solutions, Inc. (NASDAQ:CCSI) by 3.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 27,645 shares of the company’s stock after acquiring an additional 839 shares during the period. Meeder Asset Management Inc. owned 0.14% of Consensus Cloud Solutions worth $660,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the company. GAMMA Investing LLC lifted its position in shares of Consensus Cloud Solutions by 74.9% during the 4th quarter. GAMMA Investing LLC now owns 1,525 shares of the company’s stock worth $36,000 after purchasing an additional 653 shares during the last quarter. R Squared Ltd bought a new position in Consensus Cloud Solutions in the 4th quarter worth approximately $42,000. AlphaQuest LLC lifted its holdings in shares of Consensus Cloud Solutions by 451.5% during the fourth quarter. AlphaQuest LLC now owns 2,173 shares of the company’s stock worth $52,000 after buying an additional 1,779 shares during the last quarter. Quantbot Technologies LP bought a new stake in shares of Consensus Cloud Solutions in the fourth quarter valued at approximately $81,000. Finally, SG Americas Securities LLC grew its stake in shares of Consensus Cloud Solutions by 19.8% in the fourth quarter. SG Americas Securities LLC now owns 7,509 shares of the company’s stock worth $179,000 after acquiring an additional 1,240 shares during the last quarter. 93.93% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

CCSI has been the subject of a number of research reports. Oppenheimer increased 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. Citigroup increased 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, January 17th. Two equities research analysts have rated the stock with a sell rating and three have given a buy rating to the company. Based on data from MarketBeat, Consensus Cloud Solutions has a consensus rating of “Hold” and a consensus price target of $27.40.

Consensus Cloud Solutions Stock Performance

Shares of CCSI stock opened at $23.08 on Tuesday. The firm has a fifty day moving average of $26.11 and a 200-day moving average of $24.46. The stock has a market cap of $450.66 million, a price-to-earnings ratio of 5.00 and a beta of 1.45. Consensus Cloud Solutions, Inc. has a 52-week low of $11.62 and a 52-week high of $32.10.

Consensus Cloud Solutions (NASDAQ:CCSI) last posted its quarterly earnings results on Wednesday, February 19th. The company reported $1.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.19 by ($0.10). The business 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%. On average, sell-side analysts predict that Consensus Cloud Solutions, Inc. will post 5.17 earnings per share for the current year.

Consensus Cloud Solutions Company 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.