Y Intercept Hong Kong Ltd Sells 702 Shares of Consensus Cloud Solutions, Inc. (NASDAQ:CCSI)

Y Intercept Hong Kong Ltd lessened its position in shares of Consensus Cloud Solutions, Inc. (NASDAQ:CCSI) by 4.9% in the 4th quarter, HoldingsChannel reports. The fund owned 13,506 shares of the company’s stock after selling 702 shares during the period. Y Intercept Hong Kong Ltd’s holdings in Consensus Cloud Solutions were worth $322,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Capital Performance Advisors LLP bought a new position in shares of Consensus Cloud Solutions during the 3rd quarter worth approximately $29,000. GAMMA Investing LLC increased its stake 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 purchasing an additional 653 shares in the last quarter. R Squared Ltd acquired a new position in Consensus Cloud Solutions during the 4th quarter valued at approximately $42,000. SG Americas Securities LLC increased its stake in Consensus Cloud Solutions by 19.8% during the 4th 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 in the last quarter. Finally, DGS Capital Management LLC acquired a new position in Consensus Cloud Solutions during the 3rd quarter valued at approximately $209,000. Institutional investors own 93.93% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have issued reports on CCSI shares. Oppenheimer upped their price target on shares of Consensus Cloud Solutions from $27.00 to $32.00 and gave the company an “outperform” rating in a research note on Thursday, February 20th. Citigroup increased their price objective 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. Wedbush increased their price objective on shares of Consensus Cloud Solutions from $24.00 to $32.00 and gave the stock an “outperform” rating in a research note on Friday, November 8th. Finally, BTIG Research increased their price objective on shares of Consensus Cloud Solutions from $30.00 to $32.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. Two analysts have rated the stock with a sell rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $27.40.

Consensus Cloud Solutions Price Performance

NASDAQ:CCSI opened at $25.65 on Tuesday. The company’s fifty day moving average price is $26.18 and its 200-day moving average price is $24.22. Consensus Cloud Solutions, Inc. has a 1-year low of $11.62 and a 1-year high of $32.10. The firm has a market capitalization of $500.84 million, a P/E ratio of 5.55 and a beta of 1.45.

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). Consensus Cloud Solutions had a negative return on equity of 83.93% and a net margin of 25.52%. The firm had revenue of $86.98 million for the quarter, compared to analysts’ expectations of $85.07 million. Equities analysts anticipate that Consensus Cloud Solutions, Inc. will post 5.17 EPS for the current fiscal 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.