Bank of New York Mellon Corp Sells 2,834 Shares of Consensus Cloud Solutions, Inc. (NASDAQ:CCSI)

Bank of New York Mellon Corp lowered its stake in Consensus Cloud Solutions, Inc. (NASDAQ:CCSI) by 3.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 80,443 shares of the company’s stock after selling 2,834 shares during the period. Bank of New York Mellon Corp’s holdings in Consensus Cloud Solutions were worth $1,919,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of CCSI. Massachusetts Financial Services Co. MA grew its position in Consensus Cloud Solutions by 105.1% in the third quarter. Massachusetts Financial Services Co. MA now owns 22,458 shares of the company’s stock valued at $529,000 after acquiring an additional 11,510 shares during the last quarter. Cerity Partners LLC grew its position in Consensus Cloud Solutions by 272.4% in the third quarter. Cerity Partners LLC now owns 59,442 shares of the company’s stock valued at $1,400,000 after acquiring an additional 43,482 shares during the last quarter. Martingale Asset Management L P grew its position in Consensus Cloud Solutions by 87.8% in the third quarter. Martingale Asset Management L P now owns 24,477 shares of the company’s stock valued at $576,000 after acquiring an additional 11,444 shares during the last quarter. Janus Henderson Group PLC grew its position in Consensus Cloud Solutions by 26.4% in the third quarter. Janus Henderson Group PLC now owns 2,380,874 shares of the company’s stock valued at $56,070,000 after acquiring an additional 498,010 shares during the last quarter. Finally, State Street Corp grew its position in Consensus Cloud Solutions by 15.1% in the third quarter. State Street Corp now owns 450,415 shares of the company’s stock valued at $10,607,000 after acquiring an additional 59,219 shares during the last quarter. Institutional investors own 93.93% of the company’s stock.

Consensus Cloud Solutions Price Performance

Consensus Cloud Solutions stock opened at $23.65 on Friday. The stock’s 50 day moving average is $26.21 and its 200 day moving average is $24.37. The firm has a market cap of $461.79 million, a P/E ratio of 5.12 and a beta of 1.45. Consensus Cloud Solutions, Inc. has a one year low of $11.62 and a one year high of $32.10.

Consensus Cloud Solutions (NASDAQ:CCSI) last issued its quarterly earnings results on Wednesday, February 19th. The company reported $1.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.19 by ($0.10). Consensus Cloud Solutions had a net margin of 25.52% and a negative return on equity of 83.93%. The business had revenue of $86.98 million during the quarter, compared to analyst estimates of $85.07 million. Equities analysts anticipate that Consensus Cloud Solutions, Inc. will post 5.17 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms have recently weighed in on CCSI. Citigroup boosted their price target on Consensus Cloud Solutions from $19.00 to $20.00 and gave the stock a “sell” rating in a report on Friday, January 17th. Oppenheimer boosted their price target on Consensus Cloud Solutions from $27.00 to $32.00 and gave the stock an “outperform” rating in a report on Thursday, February 20th. Two research analysts have rated the stock with a sell rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Consensus Cloud Solutions has an average rating of “Hold” and a consensus price target of $27.40.

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.