Renaissance Technologies LLC Trims Stock Position in Consensus Cloud Solutions, Inc. $CCSI

Renaissance Technologies LLC lessened its stake in Consensus Cloud Solutions, Inc. (NASDAQ:CCSI) by 52.9% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 80,451 shares of the company’s stock after selling 90,349 shares during the period. Renaissance Technologies LLC’s holdings in Consensus Cloud Solutions were worth $1,910,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently modified their holdings of CCSI. LSV Asset Management grew its holdings in Consensus Cloud Solutions by 81.2% during the fourth quarter. LSV Asset Management now owns 716,585 shares of the company’s stock worth $15,636,000 after acquiring an additional 321,200 shares during the period. Principal Financial Group Inc. acquired a new position in Consensus Cloud Solutions in the first quarter valued at approximately $890,000. Arrowstreet Capital Limited Partnership lifted its holdings in Consensus Cloud Solutions by 10.7% in the first quarter. Arrowstreet Capital Limited Partnership now owns 376,489 shares of the company’s stock valued at $8,938,000 after acquiring an additional 36,493 shares during the period. Sei Investments Co. boosted its position in Consensus Cloud Solutions by 117.3% in the 1st quarter. Sei Investments Co. now owns 116,048 shares of the company’s stock worth $2,755,000 after purchasing an additional 62,641 shares in the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in Consensus Cloud Solutions in the 4th quarter worth approximately $1,116,000. Hedge funds and other institutional investors own 93.93% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on CCSI. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Consensus Cloud Solutions in a report on Tuesday, August 4th. Oppenheimer increased their price target on shares of Consensus Cloud Solutions from $35.00 to $40.00 and gave the stock an “outperform” rating in a report on Monday. BTIG Research raised their price target on shares of Consensus Cloud Solutions from $45.00 to $50.00 and gave the company a “buy” rating in a research report on Monday. Finally, Wall Street Zen upgraded shares of Consensus Cloud Solutions from a “hold” rating to a “buy” rating in a research report on Sunday, May 17th. Three investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $41.67.

Insiders Place Their Bets

In related news, Director Elaine Healy sold 4,000 shares of Consensus Cloud Solutions stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $34.27, for a total value of $137,080.00. Following the sale, the director directly owned 27,658 shares in the company, valued at approximately $947,839.66. The trade was a 12.64% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 3.65% of the company’s stock.

Consensus Cloud Solutions Stock Performance

NASDAQ:CCSI opened at $36.95 on Wednesday. The company has a debt-to-equity ratio of 13.19, a quick ratio of 1.80 and a current ratio of 1.90. The stock has a market capitalization of $677.29 million, a PE ratio of 7.48 and a beta of 1.57. Consensus Cloud Solutions, Inc. has a fifty-two week low of $20.20 and a fifty-two week high of $41.40. The company has a fifty day moving average of $36.10 and a two-hundred day moving average of $30.34.

Consensus Cloud Solutions (NASDAQ:CCSI) last announced its earnings results on Thursday, August 6th. The company reported $1.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.48 by $0.01. The business had revenue of $91.36 million for the quarter, compared to analyst estimates of $89.63 million. Consensus Cloud Solutions had a net margin of 26.69% and a return on equity of 502.63%. Consensus Cloud Solutions has set its Q3 2026 guidance at 1.340-1.440 EPS and its FY 2026 guidance at 5.550-5.950 EPS. As a group, research analysts forecast that Consensus Cloud Solutions, Inc. will post 5.08 earnings per share for the current fiscal year.

About Consensus Cloud Solutions

Consensus Cloud Solutions (NASDAQ: CCSI) is a provider of cloud consulting and managed services focused on helping organizations accelerate digital transformation. The company specializes in designing, deploying and supporting cloud architectures that leverage leading public and private cloud platforms, including infrastructure as a service (IaaS), platform as a service (PaaS) and software as a service (SaaS) environments. Its end-to-end approach encompasses strategy, implementation and ongoing optimization to align technology investments with business objectives.

The firm’s core offerings include cloud migration and deployment, application modernization, data analytics and cybersecurity solutions.