Janus Henderson Group PLC Boosts Holdings in Consensus Cloud Solutions, Inc. (NASDAQ:CCSI)

Janus Henderson Group PLC raised its holdings in Consensus Cloud Solutions, Inc. (NASDAQ:CCSI) by 26.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 2,380,874 shares of the company’s stock after purchasing an additional 498,010 shares during the quarter. Janus Henderson Group PLC owned 12.34% of Consensus Cloud Solutions worth $56,070,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in CCSI. 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 acquiring an additional 43,482 shares in the last quarter. AQR Capital Management LLC boosted its stake in shares of Consensus Cloud Solutions by 115.4% during the 2nd quarter. AQR Capital Management LLC now owns 672,803 shares of the company’s stock worth $11,041,000 after acquiring an additional 360,476 shares in the last quarter. Denali Advisors LLC purchased a new stake in shares of Consensus Cloud Solutions during the 2nd quarter worth about $1,051,000. Creative Planning purchased a new stake in shares of Consensus Cloud Solutions during the 3rd quarter worth about $285,000. Finally, Greenleaf Trust purchased a new stake in shares of Consensus Cloud Solutions during the 3rd quarter worth about $1,634,000. 93.93% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have recently issued reports on CCSI. Citigroup increased their target price on shares of Consensus Cloud Solutions from $17.00 to $19.00 and gave the stock a “sell” rating in a research note on Tuesday, November 19th. BTIG Research upped their price target on shares of Consensus Cloud Solutions from $30.00 to $32.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. Oppenheimer upped their price target on shares of Consensus Cloud Solutions from $23.00 to $27.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th. Wedbush upped their price target on shares of Consensus Cloud Solutions from $24.00 to $32.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th. Finally, JPMorgan Chase & Co. downgraded shares of Consensus Cloud Solutions from a “neutral” rating to an “underweight” rating and upped their price target for the stock from $19.00 to $21.00 in a research report on Monday, September 9th. Two research analysts have rated the stock with a sell rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $26.20.

Consensus Cloud Solutions Trading Down 0.4 %

CCSI stock opened at $24.84 on Friday. The company has a market cap of $479.41 million, a price-to-earnings ratio of 5.44 and a beta of 1.42. Consensus Cloud Solutions, Inc. has a 12 month low of $11.62 and a 12 month high of $28.09. The firm has a 50-day moving average of $23.26 and a two-hundred day moving average of $21.15.

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.