14,268 Shares in Consensus Cloud Solutions, Inc. (NASDAQ:CCSI) Purchased by Proficio Capital Partners LLC

Proficio Capital Partners LLC bought a new stake in Consensus Cloud Solutions, Inc. (NASDAQ:CCSI) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 14,268 shares of the company’s stock, valued at approximately $340,000. Proficio Capital Partners LLC owned approximately 0.07% of Consensus Cloud Solutions at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the company. Cerity Partners LLC raised its holdings in Consensus Cloud Solutions by 272.4% during the third quarter. Cerity Partners LLC now owns 59,442 shares of the company’s stock worth $1,400,000 after purchasing an additional 43,482 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of 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 during the last quarter. JPMorgan Chase & Co. boosted its position 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 worth $4,650,000 after buying an additional 136,349 shares in the last quarter. Barclays PLC grew its stake in Consensus Cloud Solutions by 275.8% in the 3rd quarter. Barclays PLC now owns 23,618 shares of the company’s stock valued at $556,000 after acquiring an additional 17,333 shares during the last quarter. Finally, Integrated Investment Consultants LLC increased its holdings in Consensus Cloud Solutions by 9.3% during the 4th quarter. Integrated Investment Consultants LLC now owns 170,306 shares of the company’s stock valued at $4,064,000 after acquiring an additional 14,449 shares in the last quarter. Hedge funds and other institutional investors own 93.93% of the company’s stock.

Wall Street Analyst Weigh In

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

Consensus Cloud Solutions Price Performance

Consensus Cloud Solutions stock opened at $24.10 on Wednesday. The stock has a market capitalization of $470.58 million, a P/E ratio of 5.22 and a beta of 1.45. Consensus Cloud Solutions, Inc. has a 12-month low of $11.62 and a 12-month high of $32.10. The firm’s 50-day moving average is $26.24 and its two-hundred day moving average is $24.41.

Consensus Cloud Solutions (NASDAQ:CCSI) last announced its earnings results on Wednesday, February 19th. The company reported $1.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.19 by ($0.10). The firm had revenue of $86.98 million for the quarter, compared to analyst estimates of $85.07 million. Consensus Cloud Solutions had a negative return on equity of 83.93% and a net margin of 25.52%. As a group, analysts forecast 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.