Consensus Cloud Solutions, Inc. $CCSI Stake Reduced by New South Capital Management Inc.

New South Capital Management Inc. cut its holdings in Consensus Cloud Solutions, Inc. (NASDAQ:CCSI – Free Report) by 41.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 369,182 shares of the company’s stock after selling 259,924 shares during the quarter. New South Capital Management Inc. owned about 2.01% of Consensus Cloud Solutions worth $12,884,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of CCSI. Kendall Capital Management grew its stake in shares of Consensus Cloud Solutions by 3.1% in the 3rd quarter. Kendall Capital Management now owns 9,930 shares of the company’s stock worth $347,000 after purchasing an additional 300 shares during the last quarter. Ritholtz Wealth Management boosted its holdings in Consensus Cloud Solutions by 1.4% during the third quarter. Ritholtz Wealth Management now owns 23,126 shares of the company’s stock worth $807,000 after buying an additional 324 shares in the last quarter. Sterling Capital Management LLC boosted its holdings in Consensus Cloud Solutions by 3.7% during the third quarter. Sterling Capital Management LLC now owns 9,712 shares of the company’s stock worth $339,000 after buying an additional 351 shares in the last quarter. Verdence Capital Advisors LLC boosted its holdings in Consensus Cloud Solutions by 1.4% during the third quarter. Verdence Capital Advisors LLC now owns 30,562 shares of the company’s stock worth $1,067,000 after buying an additional 429 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC grew its position in Consensus Cloud Solutions by 4.1% in the third quarter. Allspring Global Investments Holdings LLC now owns 15,279 shares of the company’s stock worth $533,000 after buying an additional 601 shares during the last quarter. 93.93% of the stock is owned by institutional investors and hedge funds.

Consensus Cloud Solutions Trading Up 3.8%

NASDAQ CCSI opened at $44.69 on Thursday. Consensus Cloud Solutions, Inc. has a twelve month low of $20.20 and a twelve month high of $45.68. The company has a debt-to-equity ratio of 11.39, a quick ratio of 1.90 and a current ratio of 1.99. The stock has a market cap of $795.93 million, a price-to-earnings ratio of 8.75 and a beta of 1.56. The firm’s 50 day moving average price is $36.77 and its two-hundred day moving average price is $32.62.

Consensus Cloud Solutions (NASDAQ:CCSI – Get Free Report) last released its earnings results on Thursday, November 5th. The company reported $1.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.41 by $0.09. Consensus Cloud Solutions had a return on equity of 300.98% and a net margin of 26.42%. The company had revenue of $91.00 million during the quarter, compared to analyst estimates of $90.96 million. Consensus Cloud Solutions has set its Q4 2026 guidance at 1.480-1.580 EPS and its FY 2026 guidance at 6.000-6.100 EPS. Equities analysts anticipate that Consensus Cloud Solutions, Inc. will post 5.03 EPS for the current year.

Analysts Set New Price Targets

Several research analysts have issued reports on CCSI shares. Weiss Ratings restated a “hold (c+)” rating on shares of Consensus Cloud Solutions in a research report on Monday, November 2nd. Oppenheimer increased their price objective on Consensus Cloud Solutions from $35.00 to $40.00 and gave the company an “outperform” rating in a research report on Monday, August 10th. Finally, BTIG Research reissued a “buy” rating and set a $50.00 price objective on shares of Consensus Cloud Solutions in a research note on Friday, September 25th. Two analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $45.00.

Check Out Our Latest Report on Consensus Cloud Solutions

Consensus Cloud Solutions Company Profile

(Free Report)

Consensus Cloud Solutions provides cloud-based digital information delivery and exchange services for healthcare organizations, businesses and government agencies. Its offerings include cloud fax solutions that allow users to send and receive documents electronically, along with tools designed to support secure data exchange and workflow integration. The company’s products include eFax and eFax Corporate, as well as solutions for connecting information systems and exchanging data. Its services are used in healthcare settings to help organizations share patient and administrative information, and in other industries for document-based communications.

Further Reading

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Institutional Ownership by Quarter for Consensus Cloud Solutions (NASDAQ:CCSI)

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