Franklin Resources Inc. Has $275,000 Stock Holdings in Consensus Cloud Solutions, Inc. (NASDAQ:CCSI)

Franklin Resources Inc. lowered its stake in Consensus Cloud Solutions, Inc. (NASDAQ:CCSI) by 8.9% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 11,523 shares of the company’s stock after selling 1,121 shares during the quarter. Franklin Resources Inc.’s holdings in Consensus Cloud Solutions were worth $275,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in CCSI. GAMMA Investing LLC grew its stake in Consensus Cloud Solutions by 74.9% in 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. Meeder Asset Management Inc. increased its holdings in Consensus Cloud Solutions by 3.1% during the fourth quarter. Meeder Asset Management Inc. now owns 27,645 shares of the company’s stock worth $660,000 after buying an additional 839 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its holdings in Consensus Cloud Solutions by 5.3% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 23,560 shares of the company’s stock worth $562,000 after purchasing an additional 1,195 shares during the period. SG Americas Securities LLC increased its holdings in shares of Consensus Cloud Solutions by 19.8% during the 4th 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. Finally, Janney Montgomery Scott LLC increased its holdings in shares of Consensus Cloud Solutions by 4.9% in the fourth quarter. Janney Montgomery Scott LLC now owns 27,553 shares of the company’s stock valued at $657,000 after purchasing an additional 1,284 shares during the last quarter. Institutional investors and hedge funds own 93.93% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on CCSI shares. Citigroup increased their target price on 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 upped their price target on shares of Consensus Cloud Solutions from $27.00 to $32.00 and gave the stock 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 given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $27.40.

Consensus Cloud Solutions Stock Performance

Shares of CCSI opened at $18.78 on Friday. Consensus Cloud Solutions, Inc. has a 52 week low of $11.62 and a 52 week high of $32.10. The stock has a fifty day moving average of $23.65 and a 200-day moving average of $24.10. The stock has a market capitalization of $366.70 million, a price-to-earnings ratio of 4.06 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 (EPS) for the quarter, missing the consensus estimate of $1.19 by ($0.10). The business had revenue of $86.98 million during the quarter, compared to analyst estimates of $85.07 million. Consensus Cloud Solutions had a net margin of 25.52% and a negative return on equity of 83.93%. As a group, equities analysts forecast that Consensus Cloud Solutions, Inc. will post 5.17 EPS for the current year.

Consensus Cloud Solutions 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.