Greenleaf Trust Purchases Shares of 69,385 Consensus Cloud Solutions, Inc. (NASDAQ:CCSI)

Greenleaf Trust acquired a new position in Consensus Cloud Solutions, Inc. (NASDAQ:CCSI) during the 3rd quarter, Holdings Channel.com reports. The institutional investor acquired 69,385 shares of the company’s stock, valued at approximately $1,634,000.

A number of other hedge funds also recently made changes to their positions in the stock. Creative Planning bought a new position in shares of Consensus Cloud Solutions in the third quarter worth approximately $285,000. CWM LLC increased its stake in Consensus Cloud Solutions by 87.3% in the 3rd quarter. CWM LLC now owns 16,469 shares of the company’s stock worth $388,000 after buying an additional 7,677 shares in the last quarter. SG Americas Securities LLC bought a new stake in Consensus Cloud Solutions during the third quarter valued at about $148,000. AQR Capital Management LLC lifted its position in shares of Consensus Cloud Solutions by 115.4% in the second quarter. AQR Capital Management LLC now owns 672,803 shares of the company’s stock valued at $11,041,000 after acquiring an additional 360,476 shares in the last quarter. Finally, Squarepoint Ops LLC boosted its stake in shares of Consensus Cloud Solutions by 59.9% in the second quarter. Squarepoint Ops LLC now owns 37,902 shares of the company’s stock worth $651,000 after acquiring an additional 14,194 shares during the period. 93.93% of the stock is currently owned by institutional investors.

Consensus Cloud Solutions Stock Down 3.6 %

Consensus Cloud Solutions stock opened at $20.50 on Thursday. The company’s 50-day moving average price is $22.18 and its 200-day moving average price is $19.05. The company has a market cap of $394.01 million, a PE ratio of 4.53 and a beta of 1.37. Consensus Cloud Solutions, Inc. has a twelve month low of $11.62 and a twelve month high of $28.09.

Consensus Cloud Solutions (NASDAQ:CCSI) last issued its quarterly earnings data on Thursday, August 8th. The company reported $1.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.11 by $0.15. The business had revenue of $87.50 million for the quarter, compared to the consensus estimate 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, sell-side analysts expect that Consensus Cloud Solutions, Inc. will post 4.86 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms recently commented on CCSI. Oppenheimer boosted their price target on Consensus Cloud Solutions from $20.00 to $23.00 and gave the stock an “outperform” rating in a report on Friday, August 9th. JPMorgan Chase & Co. cut shares of Consensus Cloud Solutions from a “neutral” rating to an “underweight” rating and raised their target price for the company from $19.00 to $21.00 in a research note on Monday, September 9th. Finally, BTIG Research upgraded shares of Consensus Cloud Solutions from a “neutral” rating to a “buy” rating and set a $30.00 price target on the stock in a research note on Wednesday, August 21st. Two research analysts have rated the stock with a sell rating and three have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $23.60.

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.