Federated Hermes Inc. Has $185,000 Holdings in Consensus Cloud Solutions, Inc. (NASDAQ:CCSI)

Federated Hermes Inc. increased its position in Consensus Cloud Solutions, Inc. (NASDAQ:CCSI) by 82.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 7,762 shares of the company’s stock after purchasing an additional 3,497 shares during the quarter. Federated Hermes Inc.’s holdings in Consensus Cloud Solutions were worth $185,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in CCSI. New South Capital Management Inc. bought a new stake in shares of Consensus Cloud Solutions during the fourth quarter worth $4,223,000. JPMorgan Chase & Co. raised its holdings in Consensus Cloud Solutions by 223.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 197,456 shares of the company’s stock worth $4,650,000 after buying an additional 136,349 shares during the period. Prudential Financial Inc. lifted its holdings in shares of Consensus Cloud Solutions by 632.6% in the fourth quarter. Prudential Financial Inc. now owns 111,870 shares of the company’s stock valued at $2,669,000 after purchasing an additional 96,600 shares in the last quarter. Brandywine Global Investment Management LLC acquired a new position in Consensus Cloud Solutions during the fourth quarter worth $1,563,000. Finally, State Street Corp grew its stake in Consensus Cloud Solutions by 15.1% in the third quarter. State Street Corp now owns 450,415 shares of the company’s stock valued at $10,607,000 after purchasing an additional 59,219 shares in the last quarter. 93.93% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on CCSI shares. Oppenheimer increased their price target 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. Citigroup lifted their price target on shares of Consensus Cloud Solutions from $19.00 to $20.00 and gave the company a “sell” rating in a report on Friday, January 17th. Two research analysts have rated the stock with a sell rating and three have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $27.40.

Consensus Cloud Solutions Trading Up 0.2 %

Shares of Consensus Cloud Solutions stock opened at $18.78 on Friday. The business has a 50-day moving average price of $23.65 and a two-hundred day moving average price of $24.10. Consensus Cloud Solutions, Inc. has a 1-year low of $11.62 and a 1-year high of $32.10. The company has a market cap of $366.70 million, a P/E ratio of 4.06 and a beta of 1.47.

Consensus Cloud Solutions (NASDAQ:CCSI) last announced its quarterly earnings data on Wednesday, February 19th. The company reported $1.09 EPS for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $86.98 million during the quarter, compared to analyst estimates of $85.07 million. Equities research analysts forecast that Consensus Cloud Solutions, Inc. will post 5.17 EPS for the current fiscal year.

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.