Consensus Cloud Solutions, Inc. (NASDAQ:CCSI) Shares Acquired by Price T Rowe Associates Inc. MD

Price T Rowe Associates Inc. MD lifted its holdings in Consensus Cloud Solutions, Inc. (NASDAQ:CCSI) by 2.6% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 32,083 shares of the company’s stock after purchasing an additional 820 shares during the period. Price T Rowe Associates Inc. MD’s holdings in Consensus Cloud Solutions were worth $766,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in shares of Consensus Cloud Solutions by 1.2% during the fourth quarter. Vanguard Group Inc. now owns 1,511,942 shares of the company’s stock worth $36,075,000 after acquiring an additional 18,407 shares during the period. Heron Bay Capital Management raised its position in Consensus Cloud Solutions by 3.5% in the 4th quarter. Heron Bay Capital Management now owns 965,314 shares of the company’s stock valued at $23,032,000 after purchasing an additional 32,482 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Consensus Cloud Solutions by 8.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 271,289 shares of the company’s stock valued at $6,473,000 after buying an additional 20,271 shares during the period. Arrowstreet Capital Limited Partnership grew its position in shares of Consensus Cloud Solutions by 14.4% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 226,320 shares of the company’s stock worth $5,400,000 after buying an additional 28,569 shares in the last quarter. Finally, Denali Advisors LLC increased its stake in shares of Consensus Cloud Solutions by 36.8% during the fourth quarter. Denali Advisors LLC now owns 204,932 shares of the company’s stock worth $4,890,000 after buying an additional 55,174 shares during the period. 93.93% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on CCSI. Oppenheimer lifted their price target on shares of Consensus Cloud Solutions from $27.00 to $32.00 and gave the stock an “outperform” rating in a research note on Thursday, February 20th. Citigroup boosted their target price 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. Two research analysts have rated the stock with a sell rating and three have given a buy rating to the stock. Based on 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 0.6%

Shares of NASDAQ:CCSI opened at $22.51 on Monday. The firm has a 50 day simple moving average of $21.64 and a 200-day simple moving average of $24.03. The company has a market capitalization of $439.87 million, a PE ratio of 4.87 and a beta of 1.48. Consensus Cloud Solutions, Inc. has a twelve month low of $15.81 and a twelve month high of $32.10.

Consensus Cloud Solutions (NASDAQ:CCSI) last released its quarterly earnings data on Wednesday, February 19th. The company reported $1.09 earnings per share (EPS) for the quarter, missing the consensus estimate 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 company had revenue of $86.98 million during the quarter, compared to analyst estimates of $85.07 million. As a group, equities research analysts predict 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.