JPMorgan Chase & Co. Reduces Stock Position in Consensus Cloud Solutions, Inc. (NASDAQ:CCSI)

JPMorgan Chase & Co. lowered its stake in Consensus Cloud Solutions, Inc. (NASDAQ:CCSI - Free Report) by 11.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 174,613 shares of the company's stock after selling 22,843 shares during the quarter. JPMorgan Chase & Co. owned about 0.90% of Consensus Cloud Solutions worth $4,166,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. New South Capital Management Inc. acquired a new stake in shares of Consensus Cloud Solutions during the 4th quarter worth approximately $4,223,000. Prudential Financial Inc. boosted its stake in shares of Consensus Cloud Solutions by 632.6% in the 4th quarter. Prudential Financial Inc. now owns 111,870 shares of the company's stock valued at $2,669,000 after purchasing an additional 96,600 shares in the last quarter. State Street Corp grew its holdings in shares of Consensus Cloud Solutions by 15.1% during the 3rd quarter. State Street Corp now owns 450,415 shares of the company's stock valued at $10,607,000 after purchasing an additional 59,219 shares during the last quarter. Denali Advisors LLC increased its position in Consensus Cloud Solutions by 36.8% during the 4th quarter. Denali Advisors LLC now owns 204,932 shares of the company's stock worth $4,890,000 after purchasing an additional 55,174 shares in the last quarter. Finally, Kennondale Capital Management LLC bought a new position in Consensus Cloud Solutions in the 4th quarter valued at approximately $981,000. 93.93% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Oppenheimer increased their price target on Consensus Cloud Solutions from $27.00 to $32.00 and gave the company an "outperform" rating in a research note on Thursday, February 20th. Citigroup increased their target price on Consensus Cloud Solutions from $19.00 to $20.00 and gave the company a "sell" rating in a research report on Friday, January 17th. Two analysts have rated the stock with a sell rating and three have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $27.40.

Consensus Cloud Solutions Stock Up 1.3 %

Shares of CCSI stock traded up $0.24 during mid-day trading on Thursday, reaching $19.24. 15,479 shares of the company's stock traded hands, compared to its average volume of 154,734. Consensus Cloud Solutions, Inc. has a 12 month low of $11.62 and a 12 month high of $32.10. The company has a market cap of $375.68 million, a P/E ratio of 4.17 and a beta of 1.47. The company's 50-day moving average price is $23.03 and its 200-day moving average price is $24.03.

Consensus Cloud Solutions (NASDAQ:CCSI - Get Free Report) last released its quarterly earnings data on Wednesday, February 19th. The company reported $1.09 earnings per share for the quarter, missing analysts' consensus estimates of $1.19 by ($0.10). The firm had revenue of $86.98 million for 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%. Equities analysts predict that Consensus Cloud Solutions, Inc. will post 5.17 earnings per share for the current year.

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.