Consensus Cloud Solutions, Inc. (NASDAQ:CCSI) Shares Sold by Boston Partners

Boston Partners decreased its position in Consensus Cloud Solutions, Inc. (NASDAQ:CCSI) by 54.7% in the 4th quarter, HoldingsChannel reports. The firm owned 14,353 shares of the company’s stock after selling 17,321 shares during the period. Boston Partners’ holdings in Consensus Cloud Solutions were worth $342,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. GAMMA Investing LLC raised its position in shares of Consensus Cloud Solutions by 74.9% in the fourth quarter. GAMMA Investing LLC now owns 1,525 shares of the company’s stock valued at $36,000 after buying an additional 653 shares during the last quarter. R Squared Ltd purchased a new position in shares of Consensus Cloud Solutions during the 4th quarter worth $42,000. AlphaQuest LLC boosted its holdings in shares of Consensus Cloud Solutions by 451.5% during the fourth quarter. AlphaQuest LLC now owns 2,173 shares of the company’s stock worth $52,000 after purchasing an additional 1,779 shares during the last quarter. SG Americas Securities LLC grew its position in shares of Consensus Cloud Solutions by 19.8% in the fourth quarter. SG Americas Securities LLC now owns 7,509 shares of the company’s stock valued at $179,000 after purchasing an additional 1,240 shares during the period. Finally, DGS Capital Management LLC acquired a new position in shares of Consensus Cloud Solutions during the 3rd quarter valued at about $209,000. 93.93% of the stock is currently owned by hedge funds and other institutional investors.

Consensus Cloud Solutions Stock Performance

Consensus Cloud Solutions stock opened at $23.65 on Monday. Consensus Cloud Solutions, Inc. has a 52 week low of $11.62 and a 52 week high of $32.10. The firm has a market capitalization of $461.79 million, a price-to-earnings ratio of 5.12 and a beta of 1.45. The company has a 50 day moving average price of $26.21 and a 200 day moving average price of $24.39.

Consensus Cloud Solutions (NASDAQ:CCSI) last issued its earnings results on Wednesday, February 19th. The company reported $1.09 EPS for the quarter, missing the consensus estimate 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 business had revenue of $86.98 million during the quarter, compared to analyst estimates of $85.07 million. Equities analysts forecast that Consensus Cloud Solutions, Inc. will post 5.17 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. Oppenheimer lifted their price objective 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. Citigroup raised their price objective on shares of Consensus Cloud Solutions from $19.00 to $20.00 and gave the stock a “sell” rating in a report on Friday, January 17th. Two investment analysts have rated the stock with a sell rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $27.40.

Consensus Cloud Solutions Company 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.