Russell Investments Group Ltd. Has $1.49 Million Stock Holdings in Consensus Cloud Solutions, Inc. (NASDAQ:CCSI)

Russell Investments Group Ltd. lowered its position in shares of Consensus Cloud Solutions, Inc. (NASDAQ:CCSI) by 5.8% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 62,347 shares of the company’s stock after selling 3,836 shares during the quarter. Russell Investments Group Ltd.’s holdings in Consensus Cloud Solutions were worth $1,488,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the company. Geode Capital Management LLC grew its holdings in shares of Consensus Cloud Solutions by 1.3% during the third quarter. Geode Capital Management LLC now owns 421,123 shares of the company’s stock worth $9,920,000 after purchasing an additional 5,299 shares during the last quarter. JPMorgan Chase & Co. lifted its position 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 in the last quarter. Barclays PLC grew its holdings in Consensus Cloud Solutions by 275.8% during the 3rd quarter. Barclays PLC now owns 23,618 shares of the company’s stock worth $556,000 after acquiring an additional 17,333 shares during the last quarter. Integrated Investment Consultants LLC increased its position in Consensus Cloud Solutions by 9.3% in the 4th quarter. Integrated Investment Consultants LLC now owns 170,306 shares of the company’s stock valued at $4,064,000 after acquiring an additional 14,449 shares in the last quarter. Finally, Quantbot Technologies LP bought a new position in shares of Consensus Cloud Solutions in the fourth quarter worth about $81,000. 93.93% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

CCSI has been the topic of several research analyst reports. Citigroup increased their price target on shares of Consensus Cloud Solutions from $19.00 to $20.00 and gave the company a “sell” rating in a research note on Friday, January 17th. Oppenheimer increased their price objective on Consensus Cloud Solutions from $27.00 to $32.00 and gave the company an “outperform” rating in a research report on Thursday, February 20th. Two equities research analysts have rated the stock with a sell rating and three have assigned a buy rating to the company. According to MarketBeat.com, Consensus Cloud Solutions currently has a consensus rating of “Hold” and an average price target of $27.40.

Consensus Cloud Solutions Price Performance

Shares of Consensus Cloud Solutions stock opened at $18.78 on Friday. The firm has a market cap of $366.70 million, a price-to-earnings ratio of 4.06 and a beta of 1.47. The stock’s 50-day moving average is $23.65 and its 200-day moving average is $24.12. Consensus Cloud Solutions, Inc. has a one year low of $11.62 and a one year high of $32.10.

Consensus Cloud Solutions (NASDAQ:CCSI) last released its quarterly earnings results on Wednesday, February 19th. The company reported $1.09 earnings per share 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 analyst estimates of $85.07 million. On average, equities analysts expect that Consensus Cloud Solutions, Inc. will post 5.17 EPS for the current 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.