Cerity Partners LLC Boosts Position in Consensus Cloud Solutions, Inc. (NASDAQ:CCSI)

Cerity Partners LLC grew its stake in Consensus Cloud Solutions, Inc. (NASDAQ:CCSI) by 272.4% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 59,442 shares of the company’s stock after purchasing an additional 43,482 shares during the period. Cerity Partners LLC owned about 0.31% of Consensus Cloud Solutions worth $1,400,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Capital Performance Advisors LLP purchased a new position in Consensus Cloud Solutions in the 3rd quarter valued at $29,000. National Bank of Canada FI acquired a new position in shares of Consensus Cloud Solutions in the second quarter worth $33,000. SG Americas Securities LLC purchased a new position in Consensus Cloud Solutions in the third quarter worth approximately $148,000. CWM LLC increased its holdings in Consensus Cloud Solutions by 388.4% in the second quarter. CWM LLC now owns 8,792 shares of the company’s stock valued at $151,000 after buying an additional 6,992 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA purchased a new stake in shares of Consensus Cloud Solutions during the 2nd quarter worth approximately $188,000. Institutional investors and hedge funds own 93.93% of the company’s stock.

Analyst Ratings Changes

CCSI has been the subject of several research analyst reports. Wedbush increased their price objective on Consensus Cloud Solutions from $24.00 to $32.00 and gave the company an “outperform” rating in a report on Friday, November 8th. JPMorgan Chase & Co. lowered Consensus Cloud Solutions from a “neutral” rating to an “underweight” rating and boosted their target price for the company from $19.00 to $21.00 in a report on Monday, September 9th. Citigroup increased their price target on Consensus Cloud Solutions from $17.00 to $19.00 and gave the stock a “sell” rating in a report on Tuesday, November 19th. Oppenheimer lifted their price objective on shares of Consensus Cloud Solutions from $23.00 to $27.00 and gave the company an “outperform” rating in a research report on Friday, November 8th. Finally, BTIG Research upped their price objective on shares of Consensus Cloud Solutions from $30.00 to $32.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. Two investment analysts have rated the stock with a sell rating and three have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $26.20.

Consensus Cloud Solutions Trading Up 0.0 %

Shares of CCSI opened at $25.47 on Wednesday. The company has a 50-day moving average of $23.20 and a two-hundred day moving average of $21.09. The stock has a market cap of $491.57 million, a P/E ratio of 5.57 and a beta of 1.42. Consensus Cloud Solutions, Inc. has a 12-month low of $11.62 and a 12-month high of $28.09.

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.