Consensus Cloud Solutions, Inc. (NASDAQ:CCSI) Shares Bought by O Shaughnessy Asset Management LLC

O Shaughnessy Asset Management LLC grew its position in Consensus Cloud Solutions, Inc. (NASDAQ:CCSI) by 235.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 72,393 shares of the company’s stock after buying an additional 50,795 shares during the quarter. O Shaughnessy Asset Management LLC owned 0.38% of Consensus Cloud Solutions worth $1,727,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. GAMMA Investing LLC boosted its holdings in Consensus Cloud Solutions by 74.9% during the 4th quarter. GAMMA Investing LLC now owns 1,525 shares of the company’s stock valued at $36,000 after acquiring an additional 653 shares during the period. Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of Consensus Cloud Solutions by 5.3% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 23,560 shares of the company’s stock valued at $562,000 after purchasing an additional 1,195 shares during the period. SG Americas Securities LLC boosted 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 valued at $179,000 after purchasing an additional 1,240 shares during the period. Janney Montgomery Scott LLC grew its holdings in shares of Consensus Cloud Solutions by 4.9% in the fourth quarter. Janney Montgomery Scott LLC now owns 27,553 shares of the company’s stock valued at $657,000 after purchasing an additional 1,284 shares in the last quarter. Finally, R Squared Ltd purchased a new stake in Consensus Cloud Solutions during the 4th quarter worth approximately $42,000. Hedge funds and other institutional investors own 93.93% of the company’s stock.

Consensus Cloud Solutions Trading Down 5.7 %

Consensus Cloud Solutions stock opened at $20.50 on Friday. The company has a fifty day simple moving average of $25.82 and a 200-day simple moving average of $24.42. The stock has a market cap of $400.28 million, a P/E ratio of 4.44 and a beta of 1.45. Consensus Cloud Solutions, Inc. has a 12-month low of $11.62 and a 12-month high of $32.10.

Consensus Cloud Solutions (NASDAQ:CCSI) last announced its quarterly 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 for the quarter, compared to analysts’ expectations 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 forecast that Consensus Cloud Solutions, Inc. will post 5.17 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have commented on CCSI shares. Citigroup boosted their price target on shares of Consensus Cloud Solutions from $19.00 to $20.00 and gave the stock a “sell” rating in a research note on Friday, January 17th. Oppenheimer lifted their target price on Consensus Cloud Solutions from $27.00 to $32.00 and gave the company an “outperform” rating in a report on Thursday, February 20th. Two investment analysts have rated the stock with a sell rating and three have issued a buy rating to the stock. According to MarketBeat.com, Consensus Cloud Solutions presently has an average rating of “Hold” and a consensus price target of $27.40.

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.