Axa S.A. Cuts Stake in Consensus Cloud Solutions, Inc. (NASDAQ:CCSI)

Axa S.A. cut its stake in Consensus Cloud Solutions, Inc. (NASDAQ:CCSI) by 2.2% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 45,846 shares of the company’s stock after selling 1,051 shares during the period. Axa S.A. owned approximately 0.24% of Consensus Cloud Solutions worth $788,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the stock. Aristides Capital LLC purchased a new stake in Consensus Cloud Solutions during the fourth quarter valued at about $252,000. PNC Financial Services Group Inc. grew its holdings in shares of Consensus Cloud Solutions by 132.0% during the 4th quarter. PNC Financial Services Group Inc. now owns 1,691 shares of the company’s stock worth $44,000 after purchasing an additional 962 shares during the period. Bridge City Capital LLC increased its position in Consensus Cloud Solutions by 2.2% during the 1st quarter. Bridge City Capital LLC now owns 57,577 shares of the company’s stock worth $913,000 after purchasing an additional 1,245 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its position in Consensus Cloud Solutions by 3,943.4% during the first quarter. Allspring Global Investments Holdings LLC now owns 114,549 shares of the company’s stock valued at $1,817,000 after buying an additional 111,716 shares in the last quarter. Finally, GSA Capital Partners LLP lifted its holdings in shares of Consensus Cloud Solutions by 323.3% during the 1st quarter. GSA Capital Partners LLP now owns 60,564 shares of the company’s stock valued at $961,000 after acquiring an additional 46,255 shares in the last quarter. 93.93% of the stock is currently owned by hedge funds and other institutional investors.

Consensus Cloud Solutions Stock Down 3.6 %

Shares of Consensus Cloud Solutions stock opened at $22.70 on Wednesday. The business has a 50-day moving average price of $21.88 and a 200 day moving average price of $18.32. Consensus Cloud Solutions, Inc. has a fifty-two week low of $11.62 and a fifty-two week high of $28.09. The firm has a market cap of $436.29 million, a P/E ratio of 5.01 and a beta of 1.38.

Consensus Cloud Solutions (NASDAQ:CCSI) last posted its quarterly earnings results on Thursday, August 8th. The company reported $1.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.11 by $0.15. The business had revenue of $87.50 million for the quarter, compared to analyst estimates of $87.10 million. Consensus Cloud Solutions had a negative return on equity of 57.77% and a net margin of 25.72%. As a group, equities research analysts anticipate that Consensus Cloud Solutions, Inc. will post 4.86 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages have recently weighed in on CCSI. BTIG Research upgraded shares of Consensus Cloud Solutions from a “neutral” rating to a “buy” rating and set a $30.00 target price for the company in a research note on Wednesday, August 21st. Oppenheimer raised their price objective on Consensus Cloud Solutions from $20.00 to $23.00 and gave the company an “outperform” rating in a research note on Friday, August 9th. Finally, JPMorgan Chase & Co. lowered Consensus Cloud Solutions from a “neutral” rating to an “underweight” rating and upped their target price for the company 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 issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $23.60.

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.