Consensus Cloud Solutions, Inc. (NASDAQ:CCSI) Shares Sold by Rice Hall James & Associates LLC

Rice Hall James & Associates LLC lowered its stake in shares of Consensus Cloud Solutions, Inc. (NASDAQ:CCSI) by 2.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 202,680 shares of the company’s stock after selling 6,005 shares during the quarter. Rice Hall James & Associates LLC owned about 1.05% of Consensus Cloud Solutions worth $3,482,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. National Bank of Canada FI acquired a new position in shares of Consensus Cloud Solutions during the second quarter valued at about $33,000. PNC Financial Services Group Inc. boosted its position in Consensus Cloud Solutions by 132.0% in the fourth quarter. PNC Financial Services Group Inc. now owns 1,691 shares of the company’s stock valued at $44,000 after buying an additional 962 shares during the last quarter. CWM LLC boosted its position in Consensus Cloud Solutions by 388.4% in the second quarter. CWM LLC now owns 8,792 shares of the company’s stock valued at $151,000 after buying an additional 6,992 shares during the last quarter. Meeder Asset Management Inc. boosted its position in Consensus Cloud Solutions by 20.0% in the first quarter. Meeder Asset Management Inc. now owns 14,480 shares of the company’s stock valued at $230,000 after buying an additional 2,414 shares during the last quarter. Finally, Aristides Capital LLC purchased a new stake in Consensus Cloud Solutions in the fourth quarter valued at approximately $252,000. Institutional investors and hedge funds own 93.93% of the company’s stock.

Consensus Cloud Solutions Trading Down 1.2 %

Consensus Cloud Solutions stock opened at $21.56 on Thursday. Consensus Cloud Solutions, Inc. has a 12 month low of $11.62 and a 12 month high of $28.09. The stock’s 50 day simple moving average is $20.57 and its two-hundred day simple moving average is $17.48. The firm has a market cap of $414.38 million, a PE ratio of 4.76 and a beta of 1.38.

Consensus Cloud Solutions (NASDAQ:CCSI) last released its quarterly earnings data on Thursday, August 8th. The company reported $1.26 EPS for the quarter, topping the consensus estimate of $1.11 by $0.15. Consensus Cloud Solutions had a negative return on equity of 57.77% and a net margin of 25.72%. The business had revenue of $87.50 million for the quarter, compared to analyst estimates of $87.10 million. On average, equities research analysts forecast that Consensus Cloud Solutions, Inc. will post 4.47 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. BTIG Research upgraded Consensus Cloud Solutions from a “neutral” rating to a “buy” rating and set a $30.00 target price on the stock in a research report on Wednesday, August 21st. Oppenheimer upped their target price on Consensus Cloud Solutions from $20.00 to $23.00 and gave the company an “outperform” rating in a research report on Friday, August 9th. Finally, JPMorgan Chase & Co. lowered Consensus Cloud Solutions from a “neutral” rating to an “underweight” rating and upped their target price for the company from $19.00 to $21.00 in a research report on Monday. Two investment analysts have rated the stock with a sell rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, Consensus Cloud Solutions presently has an average rating of “Hold” and a consensus price target of $23.60.

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.