Charles Schwab Investment Management Inc. Has $5.37 Million Holdings in Consensus Cloud Solutions, Inc. (NASDAQ:CCSI)

Charles Schwab Investment Management Inc. cut its holdings in Consensus Cloud Solutions, Inc. (NASDAQ:CCSI) by 13.4% during the third quarter, HoldingsChannel reports. The firm owned 227,910 shares of the company’s stock after selling 35,380 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Consensus Cloud Solutions were worth $5,367,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Capital Performance Advisors LLP acquired a new stake in Consensus Cloud Solutions in the 3rd quarter valued at about $29,000. National Bank of Canada FI acquired a new position in Consensus Cloud Solutions during the second quarter valued at approximately $33,000. SG Americas Securities LLC acquired a new position in shares of Consensus Cloud Solutions during the third quarter worth $148,000. CWM LLC increased its holdings in shares of Consensus Cloud Solutions by 388.4% during the second quarter. CWM LLC now owns 8,792 shares of the company’s stock worth $151,000 after buying an additional 6,992 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC acquired a new position in shares of Consensus Cloud Solutions during the third quarter worth $242,000. 93.93% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have commented on CCSI. JPMorgan Chase & Co. cut shares of Consensus Cloud Solutions from a “neutral” rating to an “underweight” rating and upped their price target for the company from $19.00 to $21.00 in a research report on Monday, September 9th. Wedbush upped their target price on shares of Consensus Cloud Solutions from $24.00 to $32.00 and gave the stock an “outperform” rating in a report on Friday, November 8th. BTIG Research increased their target price on shares of Consensus Cloud Solutions from $30.00 to $32.00 and gave the company a “buy” rating in a research report on Monday, November 11th. Citigroup raised their price objective on shares of Consensus Cloud Solutions from $17.00 to $19.00 and gave the stock a “sell” rating in a report on Tuesday, November 19th. Finally, Oppenheimer raised their price target on shares of Consensus Cloud Solutions from $23.00 to $27.00 and gave the company an “outperform” rating in a report on Friday, November 8th. Two analysts have rated the stock with a sell rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $26.20.

Consensus Cloud Solutions Trading Up 0.9 %

Shares of CCSI stock opened at $25.12 on Friday. The stock has a market cap of $484.92 million, a price-to-earnings ratio of 5.50 and a beta of 1.42. The company’s 50-day moving average price is $23.41 and its 200-day moving average price is $21.29. Consensus Cloud Solutions, Inc. has a twelve month low of $11.62 and a twelve month high of $28.09.

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.