Consensus Cloud Solutions, Inc. (NASDAQ:CCSI) Position Trimmed by Massachusetts Financial Services Co. MA

Massachusetts Financial Services Co. MA trimmed its stake in Consensus Cloud Solutions, Inc. (NASDAQ:CCSI) by 2.9% in the fourth quarter, Holdings Channel.com reports. The firm owned 21,809 shares of the company’s stock after selling 649 shares during the quarter. Massachusetts Financial Services Co. MA’s holdings in Consensus Cloud Solutions were worth $520,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in CCSI. Geode Capital Management LLC increased its stake in Consensus Cloud Solutions by 1.3% in the 3rd quarter. Geode Capital Management LLC now owns 421,123 shares of the company’s stock valued at $9,920,000 after buying an additional 5,299 shares during the period. JPMorgan Chase & Co. increased its stake in shares of Consensus Cloud Solutions by 223.1% in the third quarter. JPMorgan Chase & Co. now owns 197,456 shares of the company’s stock worth $4,650,000 after acquiring an additional 136,349 shares during the last quarter. Barclays PLC raised its holdings in shares of Consensus Cloud Solutions by 275.8% during the third quarter. Barclays PLC now owns 23,618 shares of the company’s stock worth $556,000 after acquiring an additional 17,333 shares in the last quarter. Integrated Investment Consultants LLC boosted its position in Consensus Cloud Solutions by 9.3% during the fourth quarter. Integrated Investment Consultants LLC now owns 170,306 shares of the company’s stock valued at $4,064,000 after purchasing an additional 14,449 shares during the last quarter. Finally, Quantbot Technologies LP purchased a new position in Consensus Cloud Solutions in the fourth quarter valued at about $81,000. 93.93% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have recently issued reports on CCSI. Oppenheimer lifted 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. 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 report on Friday, January 17th. Two investment analysts have rated the stock with a sell rating and three have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $27.40.

Consensus Cloud Solutions Stock Up 7.5 %

Shares of Consensus Cloud Solutions stock opened at $20.80 on Thursday. Consensus Cloud Solutions, Inc. has a 12-month low of $11.62 and a 12-month high of $32.10. The stock has a 50 day moving average price of $24.94 and a two-hundred day moving average price of $24.31. The stock has a market capitalization of $406.14 million, a P/E ratio of 4.50 and a beta of 1.47.

Consensus Cloud Solutions (NASDAQ:CCSI) last posted 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). The firm had revenue of $86.98 million for the quarter, compared to the consensus estimate of $85.07 million. Consensus Cloud Solutions had a negative return on equity of 83.93% and a net margin of 25.52%. Sell-side analysts anticipate that Consensus Cloud Solutions, Inc. will post 5.17 earnings per share 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.