Consensus Cloud Solutions, Inc. (NASDAQ:CCSI) Shares Bought by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP lifted its stake in Consensus Cloud Solutions, Inc. (NASDAQ:CCSI - Free Report) by 8.1% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 271,289 shares of the company's stock after buying an additional 20,271 shares during the quarter. Dimensional Fund Advisors LP owned approximately 1.41% of Consensus Cloud Solutions worth $6,473,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in CCSI. New South Capital Management Inc. purchased a new position in Consensus Cloud Solutions during the fourth quarter valued at $4,223,000. JPMorgan Chase & Co. increased its holdings in shares of Consensus Cloud Solutions by 223.1% in the third quarter. JPMorgan Chase & Co. now owns 197,456 shares of the company's stock valued at $4,650,000 after purchasing an additional 136,349 shares during the last quarter. Prudential Financial Inc. boosted its position in shares of Consensus Cloud Solutions by 632.6% during the 4th quarter. Prudential Financial Inc. now owns 111,870 shares of the company's stock valued at $2,669,000 after acquiring an additional 96,600 shares during the last quarter. Brandywine Global Investment Management LLC purchased a new position in Consensus Cloud Solutions in the fourth quarter worth approximately $1,563,000. Finally, LSV Asset Management increased its position in shares of Consensus Cloud Solutions by 277.4% during the fourth quarter. LSV Asset Management now owns 76,969 shares of the company's stock valued at $1,836,000 after acquiring an additional 56,575 shares during the last quarter. Institutional investors and hedge funds own 93.93% of the company's stock.

Consensus Cloud Solutions Stock Down 1.3%

Shares of Consensus Cloud Solutions stock traded down $0.30 on Friday, hitting $23.07. The company's stock had a trading volume of 24,173 shares, compared to its average volume of 144,059. Consensus Cloud Solutions, Inc. has a 52-week low of $15.81 and a 52-week high of $32.10. The firm has a fifty day moving average price of $21.59 and a 200-day moving average price of $24.05. The company has a market capitalization of $450.71 million, a P/E ratio of 4.99 and a beta of 1.48.

Consensus Cloud Solutions (NASDAQ:CCSI - Get Free Report) last released its 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 firm had revenue of $86.98 million during the quarter, compared to analysts' expectations of $85.07 million. As a group, analysts expect that Consensus Cloud Solutions, Inc. will post 5.17 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on CCSI shares. Citigroup upped their target price on shares of Consensus Cloud Solutions from $19.00 to $20.00 and gave the stock a "sell" rating in a research note on Friday, January 17th. Oppenheimer boosted their target price on 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 stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $27.40.

Consensus Cloud Solutions Company 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.