Charles Schwab Investment Management Inc. Reduces Position in Consensus Cloud Solutions, Inc. (NASDAQ:CCSI)

Charles Schwab Investment Management Inc. cut its stake in shares of Consensus Cloud Solutions, Inc. (NASDAQ:CCSI) by 17.3% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 188,519 shares of the company’s stock after selling 39,391 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Consensus Cloud Solutions were worth $4,498,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently bought and sold shares of CCSI. Massachusetts Financial Services Co. MA boosted its stake in shares of Consensus Cloud Solutions by 105.1% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 22,458 shares of the company’s stock worth $529,000 after acquiring an additional 11,510 shares during the last quarter. Cerity Partners LLC raised its stake in Consensus Cloud Solutions by 272.4% during the 3rd quarter. Cerity Partners LLC now owns 59,442 shares of the company’s stock valued at $1,400,000 after purchasing an additional 43,482 shares during the period. Martingale Asset Management L P raised its position in shares of Consensus Cloud Solutions by 87.8% during the third quarter. Martingale Asset Management L P now owns 24,477 shares of the company’s stock valued at $576,000 after buying an additional 11,444 shares during the last quarter. Janus Henderson Group PLC boosted its position in shares of Consensus Cloud Solutions by 26.4% during the third quarter. Janus Henderson Group PLC now owns 2,380,874 shares of the company’s stock worth $56,070,000 after acquiring an additional 498,010 shares during the last quarter. Finally, State Street Corp grew its stake in Consensus Cloud Solutions by 15.1% during 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 in the last quarter. Institutional investors own 93.93% of the company’s stock.

Analysts Set New Price Targets

Several research firms have commented on CCSI. Oppenheimer increased their price objective on shares of Consensus Cloud Solutions from $27.00 to $32.00 and gave the company an “outperform” rating in a report on Thursday, February 20th. Citigroup increased their price target on Consensus Cloud Solutions from $19.00 to $20.00 and gave the company a “sell” rating in a research note on Friday, January 17th. Two analysts have rated the stock with a sell rating and three have issued a buy rating to the company. According to MarketBeat, Consensus Cloud Solutions presently has an average rating of “Hold” and an average target price of $27.40.

Consensus Cloud Solutions Stock Down 2.5 %

Shares of NASDAQ:CCSI opened at $24.10 on Wednesday. The firm has a fifty day simple moving average of $26.24 and a two-hundred day simple moving average of $24.41. The stock has a market capitalization of $470.58 million, a P/E ratio of 5.22 and a beta of 1.45. Consensus Cloud Solutions, Inc. has a 52 week low of $11.62 and a 52 week high of $32.10.

Consensus Cloud Solutions (NASDAQ:CCSI) last released its quarterly 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 company had revenue of $86.98 million during the quarter, compared to analysts’ expectations of $85.07 million. On average, analysts expect that Consensus Cloud Solutions, Inc. will post 5.17 earnings per share for the current year.

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.