Renaissance Technologies LLC Purchases 13,700 Shares of Consensus Cloud Solutions, Inc. (NASDAQ:CCSI)

Renaissance Technologies LLC increased its position in shares of Consensus Cloud Solutions, Inc. (NASDAQ:CCSI) by 10.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 145,400 shares of the company’s stock after buying an additional 13,700 shares during the period. Renaissance Technologies LLC’s holdings in Consensus Cloud Solutions were worth $3,469,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. GAMMA Investing LLC boosted its holdings in Consensus Cloud Solutions by 74.9% during the fourth quarter. GAMMA Investing LLC now owns 1,525 shares of the company’s stock valued at $36,000 after acquiring an additional 653 shares during the period. R Squared Ltd bought a new position in Consensus Cloud Solutions in the 4th quarter worth approximately $42,000. AlphaQuest LLC increased its position in Consensus Cloud Solutions by 451.5% in the 4th quarter. AlphaQuest LLC now owns 2,173 shares of the company’s stock worth $52,000 after buying an additional 1,779 shares during the period. Quantbot Technologies LP bought a new stake in shares of Consensus Cloud Solutions in the fourth quarter valued at approximately $81,000. Finally, SG Americas Securities LLC grew its stake in shares of Consensus Cloud Solutions by 19.8% in the fourth quarter. SG Americas Securities LLC now owns 7,509 shares of the company’s stock worth $179,000 after acquiring an additional 1,240 shares during the last quarter. 93.93% of the stock is currently owned by institutional investors and hedge funds.

Consensus Cloud Solutions Stock Up 1.2 %

NASDAQ CCSI opened at $18.41 on Wednesday. Consensus Cloud Solutions, Inc. has a twelve month low of $11.62 and a twelve month high of $32.10. The stock has a market cap of $359.47 million, a P/E ratio of 3.98 and a beta of 1.47. The company’s 50-day simple moving average is $23.22 and its 200 day simple moving average is $24.07.

Consensus Cloud Solutions (NASDAQ:CCSI) last released its quarterly earnings data 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 the consensus estimate of $85.07 million. Consensus Cloud Solutions had a net margin of 25.52% and a negative return on equity of 83.93%. Research analysts anticipate that Consensus Cloud Solutions, Inc. will post 5.17 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on CCSI. 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 report on Friday, January 17th. Oppenheimer upped their price target on Consensus Cloud Solutions from $27.00 to $32.00 and gave the company an “outperform” rating in a 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 stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $27.40.

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.