Barclays PLC Acquires 17,333 Shares of Consensus Cloud Solutions, Inc. (NASDAQ:CCSI)

Barclays PLC grew its holdings in Consensus Cloud Solutions, Inc. (NASDAQ:CCSI) by 275.8% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 23,618 shares of the company’s stock after acquiring an additional 17,333 shares during the period. Barclays PLC owned 0.12% of Consensus Cloud Solutions worth $556,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. Cerity Partners LLC lifted its stake in shares of Consensus Cloud Solutions by 272.4% in the 3rd quarter. Cerity Partners LLC now owns 59,442 shares of the company’s stock valued at $1,400,000 after purchasing an additional 43,482 shares during the last quarter. AQR Capital Management LLC lifted its position in shares of Consensus Cloud Solutions by 115.4% in the second quarter. AQR Capital Management LLC now owns 672,803 shares of the company’s stock worth $11,041,000 after buying an additional 360,476 shares during the last quarter. State Street Corp boosted its stake in shares of Consensus Cloud Solutions by 15.1% during the 3rd quarter. State Street Corp now owns 450,415 shares of the company’s stock worth $10,607,000 after acquiring an additional 59,219 shares in the last quarter. Denali Advisors LLC acquired a new position in shares of Consensus Cloud Solutions during the 2nd quarter valued at about $1,051,000. Finally, Creative Planning bought a new position in shares of Consensus Cloud Solutions in the 3rd quarter valued at approximately $285,000. Institutional investors and hedge funds own 93.93% of the company’s stock.

Consensus Cloud Solutions Price Performance

Shares of Consensus Cloud Solutions stock opened at $23.99 on Friday. The company has a market cap of $463.10 million, a PE ratio of 5.25 and a beta of 1.42. The firm has a fifty day moving average price of $24.17 and a two-hundred day moving average price of $21.80. Consensus Cloud Solutions, Inc. has a fifty-two week low of $11.62 and a fifty-two week high of $27.79.

Analysts Set New Price Targets

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

Consensus Cloud Solutions Company 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.