JPMorgan Chase & Co. Purchases 136,349 Shares of Consensus Cloud Solutions, Inc. (NASDAQ:CCSI)

JPMorgan Chase & Co. grew its position in shares of Consensus Cloud Solutions, Inc. (NASDAQ:CCSI) by 223.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 197,456 shares of the company’s stock after acquiring an additional 136,349 shares during the period. JPMorgan Chase & Co. owned about 1.02% of Consensus Cloud Solutions worth $4,650,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Rhumbline Advisers increased its holdings in Consensus Cloud Solutions by 4.8% during the 2nd quarter. Rhumbline Advisers now owns 30,358 shares of the company’s stock valued at $522,000 after purchasing an additional 1,379 shares during the period. Massachusetts Financial Services Co. MA bought a new stake in shares of Consensus Cloud Solutions in the 2nd quarter worth approximately $188,000. Renaissance Technologies LLC increased its stake in shares of Consensus Cloud Solutions by 165.1% during the second quarter. Renaissance Technologies LLC now owns 116,900 shares of the company’s stock valued at $2,008,000 after buying an additional 72,800 shares during the period. Sei Investments Co. raised its holdings in shares of Consensus Cloud Solutions by 18.5% during the second quarter. Sei Investments Co. now owns 17,594 shares of the company’s stock valued at $302,000 after acquiring an additional 2,751 shares in the last quarter. Finally, Marshall Wace LLP raised its holdings in shares of Consensus Cloud Solutions by 437.2% during the second quarter. Marshall Wace LLP now owns 682,669 shares of the company’s stock valued at $11,728,000 after acquiring an additional 555,584 shares in the last quarter. 93.93% of the stock is currently owned by hedge funds and other institutional investors.

Consensus Cloud Solutions Trading Up 1.5 %

CCSI stock opened at $25.07 on Friday. The stock’s 50 day simple moving average is $24.47 and its 200 day simple moving average is $22.34. Consensus Cloud Solutions, Inc. has a 12-month low of $11.62 and a 12-month high of $27.79. The stock has a market capitalization of $483.85 million, a PE ratio of 5.49 and a beta of 1.41.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. BTIG Research raised 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 upped their price target on Consensus Cloud Solutions from $24.00 to $32.00 and gave the stock an “outperform” rating in a research note on Friday, November 8th. Oppenheimer raised their price objective on 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, Citigroup upped 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. Two analysts have rated the stock with a sell rating and three have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $26.40.

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.