Raymond James Financial Inc. Makes New Investment in Consensus Cloud Solutions, Inc. (NASDAQ:CCSI)

Raymond James Financial Inc. bought a new stake in shares of Consensus Cloud Solutions, Inc. (NASDAQ:CCSI) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 29,000 shares of the company’s stock, valued at approximately $692,000.

Several other institutional investors have also bought and sold shares of CCSI. GAMMA Investing LLC boosted its position in Consensus Cloud Solutions by 74.9% in the fourth quarter. GAMMA Investing LLC now owns 1,525 shares of the company’s stock worth $36,000 after purchasing an additional 653 shares during the last quarter. SG Americas Securities LLC grew its position in Consensus Cloud Solutions by 19.8% during the fourth quarter. SG Americas Securities LLC now owns 7,509 shares of the company’s stock valued at $179,000 after buying an additional 1,240 shares during the period. Janney Montgomery Scott LLC increased its holdings in Consensus Cloud Solutions by 4.9% during the fourth quarter. Janney Montgomery Scott LLC now owns 27,553 shares of the company’s stock worth $657,000 after buying an additional 1,284 shares during the last quarter. R Squared Ltd bought a new stake in Consensus Cloud Solutions in the fourth quarter worth about $42,000. Finally, Chicago Capital LLC boosted its stake in Consensus Cloud Solutions by 3.4% in the fourth quarter. Chicago Capital LLC now owns 116,329 shares of the company’s stock valued at $2,776,000 after acquiring an additional 3,792 shares during the last quarter. Institutional investors own 93.93% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. Citigroup raised 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 boosted their target price on Consensus Cloud Solutions from $27.00 to $32.00 and gave the company an “outperform” rating in a research note on Thursday, February 20th. Two analysts have rated the stock with a sell rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $27.40.

Consensus Cloud Solutions Trading Down 5.7 %

Consensus Cloud Solutions stock opened at $20.50 on Monday. The firm has a 50 day simple moving average of $25.82 and a 200 day simple moving average of $24.43. 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 $400.28 million, a price-to-earnings ratio of 4.44 and a beta of 1.47.

Consensus Cloud Solutions (NASDAQ:CCSI) last announced its quarterly earnings results on Wednesday, February 19th. The company reported $1.09 earnings per share for the quarter, missing the consensus estimate of $1.19 by ($0.10). The company had revenue of $86.98 million during the quarter, compared to analysts’ expectations of $85.07 million. Consensus Cloud Solutions had a net margin of 25.52% and a negative return on equity of 83.93%. On average, equities research analysts forecast that Consensus Cloud Solutions, Inc. will post 5.17 EPS for the current 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.