Quantbot Technologies LP Makes New $81,000 Investment in Consensus Cloud Solutions, Inc. (NASDAQ:CCSI)

Quantbot Technologies LP bought a new stake in Consensus Cloud Solutions, Inc. (NASDAQ:CCSI) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 3,407 shares of the company’s stock, valued at approximately $81,000.

Other institutional investors have also made changes to their positions in the company. Janus Henderson Group PLC lifted its position in shares of Consensus Cloud Solutions by 26.4% during the third quarter. Janus Henderson Group PLC now owns 2,380,874 shares of the company’s stock worth $56,070,000 after purchasing an additional 498,010 shares in the last quarter. State Street Corp raised its position in Consensus Cloud Solutions by 15.1% in the 3rd quarter. State Street Corp now owns 450,415 shares of the company’s stock worth $10,607,000 after purchasing an additional 59,219 shares during the last quarter. Geode Capital Management LLC lifted its holdings in Consensus Cloud Solutions by 1.3% during the 3rd quarter. Geode Capital Management LLC now owns 421,123 shares of the company’s stock worth $9,920,000 after buying an additional 5,299 shares in the last quarter. Denali Advisors LLC boosted its position in Consensus Cloud Solutions by 36.8% in the 4th quarter. Denali Advisors LLC now owns 204,932 shares of the company’s stock valued at $4,890,000 after buying an additional 55,174 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its stake in shares of Consensus Cloud Solutions by 223.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 197,456 shares of the company’s stock valued at $4,650,000 after buying an additional 136,349 shares during the period. 93.93% of the stock is owned by institutional investors.

Analysts Set New Price Targets

CCSI has been the topic of several recent research reports. Oppenheimer raised their price target on Consensus Cloud Solutions from $27.00 to $32.00 and gave the company an “outperform” rating in a report on Thursday, February 20th. Citigroup upped their target price on shares of Consensus Cloud Solutions from $19.00 to $20.00 and gave the company a “sell” rating in a research report on Friday, January 17th. Two research analysts have rated the stock with a sell rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, Consensus Cloud Solutions presently has a consensus rating of “Hold” and an average target price of $27.40.

Consensus Cloud Solutions Stock Performance

NASDAQ CCSI opened at $23.08 on Tuesday. The stock has a market cap of $450.66 million, a price-to-earnings ratio of 5.00 and a beta of 1.45. The business has a 50 day simple moving average of $26.11 and a 200 day simple moving average of $24.46. Consensus Cloud Solutions, Inc. has a 52-week low of $11.62 and a 52-week high of $32.10.

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

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.