Royce & Associates LP Has $1.67 Million Holdings in Consensus Cloud Solutions, Inc. (NASDAQ:CCSI)

Royce & Associates LP lessened its holdings in Consensus Cloud Solutions, Inc. (NASDAQ:CCSI) by 21.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 70,703 shares of the company’s stock after selling 19,175 shares during the quarter. Royce & Associates LP owned approximately 0.37% of Consensus Cloud Solutions worth $1,665,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of CCSI. Capital Performance Advisors LLP bought a new position in Consensus Cloud Solutions in the third quarter valued at approximately $29,000. National Bank of Canada FI acquired a new stake in shares of Consensus Cloud Solutions during the second quarter worth $33,000. SG Americas Securities LLC bought a new stake in Consensus Cloud Solutions in the third quarter valued at about $148,000. CWM LLC lifted its stake in Consensus Cloud Solutions by 388.4% in the second quarter. CWM LLC now owns 8,792 shares of the company’s stock valued at $151,000 after buying an additional 6,992 shares during the period. Finally, Massachusetts Financial Services Co. MA bought a new position in Consensus Cloud Solutions during the second quarter worth about $188,000. Institutional investors and hedge funds own 93.93% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Wedbush increased their price target on shares of Consensus Cloud Solutions from $24.00 to $32.00 and gave the company an “outperform” rating in a research report on Friday, November 8th. BTIG Research boosted their price target on shares of Consensus Cloud Solutions from $30.00 to $32.00 and gave the company a “buy” rating in a report on Monday, November 11th. Citigroup raised their price objective on Consensus Cloud Solutions from $17.00 to $19.00 and gave the stock a “sell” rating in a research note on Tuesday. JPMorgan Chase & Co. cut Consensus Cloud Solutions from a “neutral” rating to an “underweight” rating and boosted their target price for the company from $19.00 to $21.00 in a research note on Monday, September 9th. Finally, Oppenheimer raised their price target on Consensus Cloud Solutions from $23.00 to $27.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th. Two investment 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 a consensus rating of “Hold” and a consensus target price of $26.20.

Consensus Cloud Solutions Stock Performance

NASDAQ:CCSI opened at $23.39 on Wednesday. The company has a market cap of $451.43 million, a PE ratio of 5.12 and a beta of 1.38. The stock has a 50-day simple moving average of $22.74 and a 200 day simple moving average of $20.56. Consensus Cloud Solutions, Inc. has a 52-week low of $11.62 and a 52-week high of $28.09.

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.