Squarepoint Ops LLC Purchases 14,194 Shares of Consensus Cloud Solutions, Inc. (NASDAQ:CCSI)

Squarepoint Ops LLC lifted its holdings in Consensus Cloud Solutions, Inc. (NASDAQ:CCSI) by 59.9% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 37,902 shares of the company’s stock after acquiring an additional 14,194 shares during the period. Squarepoint Ops LLC owned 0.20% of Consensus Cloud Solutions worth $651,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. PNC Financial Services Group Inc. lifted its holdings in Consensus Cloud Solutions by 132.0% in the 4th quarter. PNC Financial Services Group Inc. now owns 1,691 shares of the company’s stock worth $44,000 after purchasing an additional 962 shares in the last quarter. National Bank of Canada FI purchased a new position in shares of Consensus Cloud Solutions in the second quarter worth $33,000. CWM LLC boosted its position in shares of Consensus Cloud Solutions by 388.4% during the second quarter. CWM LLC now owns 8,792 shares of the company’s stock worth $151,000 after acquiring an additional 6,992 shares during the last quarter. Massachusetts Financial Services Co. MA purchased a new position in Consensus Cloud Solutions during the second quarter valued at $188,000. Finally, Meeder Asset Management Inc. increased its holdings in Consensus Cloud Solutions by 20.0% in the 1st quarter. Meeder Asset Management Inc. now owns 14,480 shares of the company’s stock valued at $230,000 after acquiring an additional 2,414 shares during the last quarter. Hedge funds and other institutional investors own 93.93% of the company’s stock.

Consensus Cloud Solutions Trading Down 0.3 %

Shares of NASDAQ CCSI opened at $21.46 on Wednesday. Consensus Cloud Solutions, Inc. has a 12-month low of $11.62 and a 12-month high of $28.09. The firm’s 50-day moving average price is $21.87 and its 200-day moving average price is $18.52. The stock has a market capitalization of $412.46 million, a price-to-earnings ratio of 4.68 and a beta of 1.37.

Consensus Cloud Solutions (NASDAQ:CCSI) last released its earnings results on Thursday, August 8th. The company reported $1.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.11 by $0.15. The firm had revenue of $87.50 million during the quarter, compared to analyst estimates of $87.10 million. Consensus Cloud Solutions had a net margin of 25.72% and a negative return on equity of 57.77%. On average, equities analysts predict that Consensus Cloud Solutions, Inc. will post 4.86 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have commented on the stock. BTIG Research raised shares of Consensus Cloud Solutions from a “neutral” rating to a “buy” rating and set a $30.00 price objective for the company in a report on Wednesday, August 21st. Oppenheimer increased their price target on Consensus Cloud Solutions from $20.00 to $23.00 and gave the company an “outperform” rating in a research note on Friday, August 9th. Finally, JPMorgan Chase & Co. cut Consensus Cloud Solutions from a “neutral” rating to an “underweight” rating and raised their price target for the company from $19.00 to $21.00 in a report on Monday, September 9th. Two research analysts have rated the stock with a sell rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $23.60.

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.