Consensus Cloud Solutions, Inc. (NASDAQ:CCSI) Shares Sold by Bridge City Capital LLC

Bridge City Capital LLC reduced its position in Consensus Cloud Solutions, Inc. (NASDAQ:CCSI) by 1.1% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 72,174 shares of the company’s stock after selling 839 shares during the quarter. Bridge City Capital LLC owned about 0.37% of Consensus Cloud Solutions worth $1,722,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in the company. Cerity Partners LLC boosted its stake in shares of 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 purchasing an additional 43,482 shares during the last quarter. Geode Capital Management LLC raised its holdings in Consensus Cloud Solutions by 1.3% in the 3rd quarter. Geode Capital Management LLC now owns 421,123 shares of the company’s stock valued at $9,920,000 after acquiring an additional 5,299 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Consensus Cloud Solutions by 223.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 197,456 shares of the company’s stock worth $4,650,000 after purchasing an additional 136,349 shares during the period. Barclays PLC boosted its holdings in shares of Consensus Cloud Solutions by 275.8% during the third quarter. Barclays PLC now owns 23,618 shares of the company’s stock worth $556,000 after purchasing an additional 17,333 shares during the last quarter. Finally, Integrated Investment Consultants LLC increased its stake in Consensus Cloud Solutions by 9.3% in the fourth quarter. Integrated Investment Consultants LLC now owns 170,306 shares of the company’s stock valued at $4,064,000 after purchasing an additional 14,449 shares during the last quarter. Institutional investors and hedge funds own 93.93% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on CCSI shares. Citigroup upped their price objective on shares of Consensus Cloud Solutions from $19.00 to $20.00 and gave the company a “sell” rating in a research note on Friday, January 17th. Oppenheimer lifted their price target 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. Two analysts have rated the stock with a sell rating and three have given a buy rating to the company. According to data from MarketBeat.com, Consensus Cloud Solutions currently has an average rating of “Hold” and an average price target of $27.40.

Consensus Cloud Solutions Stock Performance

Consensus Cloud Solutions stock opened at $23.65 on Friday. The firm has a market capitalization of $461.79 million, a PE 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. The stock’s 50 day moving average price is $26.21 and its 200 day moving average price is $24.38.

Consensus Cloud Solutions (NASDAQ:CCSI) last announced its earnings results on Wednesday, February 19th. The company reported $1.09 earnings per share 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 firm had revenue of $86.98 million during the quarter, compared to analysts’ expectations of $85.07 million. On average, analysts forecast that Consensus Cloud Solutions, Inc. will post 5.17 earnings per share for the current fiscal 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.