Quantbot Technologies LP Invests $81,000 in Consensus Cloud Solutions, Inc. (NASDAQ:CCSI)

Quantbot Technologies LP bought a new position in shares of Consensus Cloud Solutions, Inc. (NASDAQ:CCSI) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 3,407 shares of the company’s stock, valued at approximately $81,000.

Other hedge funds have also added to or reduced their stakes in the company. Cerity Partners LLC increased its position in Consensus Cloud Solutions by 272.4% during the 3rd quarter. Cerity Partners LLC now owns 59,442 shares of the company’s stock worth $1,400,000 after buying an additional 43,482 shares during the period. Martingale Asset Management L P grew its stake in shares of 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 in the last quarter. Janus Henderson Group PLC increased its position in 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 period. State Street Corp raised its stake in Consensus Cloud Solutions by 15.1% in the 3rd quarter. State Street Corp now owns 450,415 shares of the company’s stock worth $10,607,000 after purchasing an additional 59,219 shares in the last quarter. Finally, Virtus Investment Advisers Inc. bought a new stake in Consensus Cloud Solutions in the 3rd quarter valued at about $346,000. 93.93% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Consensus Cloud Solutions Trading Down 0.5 %

Shares of Consensus Cloud Solutions stock opened at $23.08 on Tuesday. The firm has a market capitalization of $450.66 million, a PE ratio of 5.00 and a beta of 1.45. The firm’s 50 day moving average is $26.11 and its 200 day moving average is $24.46. Consensus Cloud Solutions, Inc. has a 1 year low of $11.62 and a 1 year high of $32.10.

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

About Consensus Cloud Solutions

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.