Janney Montgomery Scott LLC Buys 1,284 Shares of Consensus Cloud Solutions, Inc. (NASDAQ:CCSI)

Janney Montgomery Scott LLC lifted its position in Consensus Cloud Solutions, Inc. (NASDAQ:CCSI) by 4.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 27,553 shares of the company’s stock after buying an additional 1,284 shares during the quarter. Janney Montgomery Scott LLC owned about 0.14% of Consensus Cloud Solutions worth $657,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. SG Americas Securities LLC lifted its stake in Consensus Cloud Solutions by 19.8% in the fourth quarter. SG Americas Securities LLC now owns 7,509 shares of the company’s stock valued at $179,000 after acquiring an additional 1,240 shares during the last quarter. Integrated Investment Consultants LLC raised its holdings in shares of Consensus Cloud Solutions by 9.3% in the 4th 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 period. GAMMA Investing LLC lifted its stake in Consensus Cloud Solutions by 74.9% in the 4th quarter. GAMMA Investing LLC now owns 1,525 shares of the company’s stock valued at $36,000 after purchasing an additional 653 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in Consensus Cloud Solutions by 223.1% during the third quarter. JPMorgan Chase & Co. now owns 197,456 shares of the company’s stock worth $4,650,000 after purchasing an additional 136,349 shares during the period. Finally, DGS Capital Management LLC acquired a new position in Consensus Cloud Solutions during the third quarter worth approximately $209,000. 93.93% of the stock is owned by institutional investors.

Consensus Cloud Solutions Stock Down 0.7 %

CCSI stock opened at $27.71 on Friday. Consensus Cloud Solutions, Inc. has a 52 week low of $11.62 and a 52 week high of $32.10. The business has a 50-day simple moving average of $25.20 and a 200 day simple moving average of $23.36. The company has a market cap of $534.80 million, a PE ratio of 6.06 and a beta of 1.44.

Analyst Ratings Changes

Several brokerages have issued reports on CCSI. Oppenheimer raised their price target on Consensus Cloud Solutions from $23.00 to $27.00 and gave the company an “outperform” rating in a report on Friday, November 8th. Wedbush raised their target price on shares of Consensus Cloud Solutions from $24.00 to $32.00 and gave the stock an “outperform” rating in a research note on Friday, November 8th. BTIG Research upped their price target on shares of Consensus Cloud Solutions from $30.00 to $32.00 and gave the company a “buy” rating in a research note on Monday, November 11th. Finally, Citigroup raised their price objective 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 equities research analysts have rated the stock with a sell rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average 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.