Lazard Asset Management LLC Makes New Investment in Consensus Cloud Solutions, Inc. (NASDAQ:CCSI)

Lazard Asset Management LLC acquired a new stake in Consensus Cloud Solutions, Inc. (NASDAQ:CCSI) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 52,972 shares of the company’s stock, valued at approximately $1,263,000. Lazard Asset Management LLC owned 0.27% of Consensus Cloud Solutions as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Quantbot Technologies LP acquired a new position in Consensus Cloud Solutions in the fourth quarter valued at approximately $81,000. AlphaQuest LLC increased its holdings in shares of Consensus Cloud Solutions by 451.5% during the 4th quarter. AlphaQuest LLC now owns 2,173 shares of the company’s stock valued at $52,000 after purchasing an additional 1,779 shares in the last quarter. New York State Common Retirement Fund lifted its stake in shares of Consensus Cloud Solutions by 16.9% in the 4th quarter. New York State Common Retirement Fund now owns 82,136 shares of the company’s stock valued at $1,960,000 after purchasing an additional 11,900 shares during the period. KLP Kapitalforvaltning AS purchased a new stake in Consensus Cloud Solutions during the fourth quarter worth $303,000. Finally, Barclays PLC grew its position in Consensus Cloud Solutions by 16.1% during the fourth quarter. Barclays PLC now owns 27,418 shares of the company’s stock valued at $654,000 after buying an additional 3,800 shares during the period. Hedge funds and other institutional investors own 93.93% of the company’s stock.

Consensus Cloud Solutions Stock Performance

Consensus Cloud Solutions stock opened at $23.17 on Monday. The stock has a market capitalization of $452.76 million, a P/E ratio of 5.02 and a beta of 1.48. The company’s fifty day moving average price is $21.57 and its 200 day moving average price is $24.09. Consensus Cloud Solutions, Inc. has a 1 year low of $15.81 and a 1 year high of $32.10.

Consensus Cloud Solutions (NASDAQ:CCSI) last announced its 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). Consensus Cloud Solutions had a net margin of 25.52% and a negative return on equity of 83.93%. The company had revenue of $86.98 million during the quarter, compared to analyst estimates of $85.07 million. Sell-side analysts predict that Consensus Cloud Solutions, Inc. will post 5.17 EPS for the current year.

Analyst Ratings Changes

Separately, Oppenheimer increased 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 note on Thursday, February 20th. Two investment analysts have rated the stock with a sell rating and three have assigned a buy rating to the company. According to data from MarketBeat, Consensus Cloud Solutions currently has a consensus rating of “Hold” and an average 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.