Consensus Cloud Solutions, Inc. (NASDAQ:CCSI) Shares Acquired by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. increased its position in Consensus Cloud Solutions, Inc. (NASDAQ:CCSI) by 5.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 23,560 shares of the company’s stock after buying an additional 1,195 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned about 0.12% of Consensus Cloud Solutions worth $562,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. GAMMA Investing LLC lifted its holdings in shares of Consensus Cloud Solutions by 74.9% during the fourth 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. SG Americas Securities LLC lifted its stake in Consensus Cloud Solutions by 19.8% in the 4th quarter. SG Americas Securities LLC now owns 7,509 shares of the company’s stock worth $179,000 after acquiring an additional 1,240 shares in the last quarter. Janney Montgomery Scott LLC lifted its stake in Consensus Cloud Solutions by 4.9% in the 4th quarter. Janney Montgomery Scott LLC now owns 27,553 shares of the company’s stock worth $657,000 after acquiring an additional 1,284 shares in the last quarter. R Squared Ltd purchased a new stake in Consensus Cloud Solutions in the 4th quarter worth about $42,000. Finally, AlphaQuest LLC lifted its stake in Consensus Cloud Solutions by 451.5% in the 4th quarter. AlphaQuest LLC now owns 2,173 shares of the company’s stock worth $52,000 after acquiring an additional 1,779 shares in the last quarter. Institutional investors and hedge funds own 93.93% of the company’s stock.

Consensus Cloud Solutions Stock Down 4.2 %

Shares of Consensus Cloud Solutions stock opened at $23.65 on Friday. Consensus Cloud Solutions, Inc. has a 12 month low of $11.62 and a 12 month high of $32.10. The business has a fifty day simple moving average of $26.21 and a 200 day simple moving average of $24.38. The stock has a market cap of $461.79 million, a PE ratio of 5.12 and a beta of 1.45.

Consensus Cloud Solutions (NASDAQ:CCSI) last announced its quarterly earnings data on Wednesday, February 19th. The company reported $1.09 EPS for the quarter, missing analysts’ consensus estimates of $1.19 by ($0.10). Consensus Cloud Solutions had a negative return on equity of 83.93% and a net margin of 25.52%. The company had revenue of $86.98 million for the quarter, compared to analyst estimates of $85.07 million. Analysts expect that Consensus Cloud Solutions, Inc. will post 5.17 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

CCSI has been the topic of several research reports. Citigroup upped their target price on Consensus Cloud Solutions from $19.00 to $20.00 and gave the stock a “sell” rating in a research report on Friday, January 17th. Oppenheimer raised their price objective on Consensus Cloud Solutions from $27.00 to $32.00 and gave the stock an “outperform” rating in a research report on Thursday, February 20th. 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 stock has a consensus rating of “Hold” and an average price target of $27.40.

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.