Consensus Cloud Solutions, Inc. (NASDAQ:CCSI) Shares Sold by Marshall Wace LLP

Marshall Wace LLP reduced its stake in shares of Consensus Cloud Solutions, Inc. (NASDAQ:CCSI - Free Report) by 32.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 353,992 shares of the company's stock after selling 166,377 shares during the period. Marshall Wace LLP owned 1.83% of Consensus Cloud Solutions worth $8,446,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of CCSI. State Street Corp raised its position 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 worth $10,607,000 after purchasing an additional 59,219 shares during the last quarter. Barclays PLC raised its position in shares of Consensus Cloud Solutions by 275.8% during the 3rd 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. Geode Capital Management LLC raised its position in shares of Consensus Cloud Solutions by 1.3% during the 3rd quarter. Geode Capital Management LLC now owns 421,123 shares of the company's stock worth $9,920,000 after purchasing an additional 5,299 shares during the last quarter. DGS Capital Management LLC acquired a new position in shares of Consensus Cloud Solutions during the 3rd quarter worth approximately $209,000. Finally, JPMorgan Chase & Co. raised its holdings in Consensus Cloud Solutions by 223.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 197,456 shares of the company's stock valued at $4,650,000 after acquiring an additional 136,349 shares during the last quarter. 93.93% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Citigroup boosted their price target on Consensus Cloud Solutions from $19.00 to $20.00 and gave the company a "sell" rating in a report on Friday, January 17th. Oppenheimer upped their price objective on Consensus Cloud Solutions from $27.00 to $32.00 and gave the stock an "outperform" rating in a report on Thursday, February 20th. Two research analysts have rated the stock with a sell rating and three have assigned a buy rating to the company. According to data from MarketBeat, Consensus Cloud Solutions has a consensus rating of "Hold" and a consensus price target of $27.40.

Consensus Cloud Solutions Stock Up 1.5 %

Shares of NASDAQ CCSI traded up $0.29 during midday trading on Monday, hitting $19.69. The stock had a trading volume of 153,234 shares, compared to its average volume of 155,446. The company has a market capitalization of $384.47 million, a price-to-earnings ratio of 4.26 and a beta of 1.47. Consensus Cloud Solutions, Inc. has a 1-year low of $11.62 and a 1-year high of $32.10. The company has a fifty day moving average price of $22.48 and a 200 day moving average price of $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 the consensus estimate of $1.19 by ($0.10). The firm had revenue of $86.98 million during the quarter, compared to analyst estimates of $85.07 million. Consensus Cloud Solutions had a net margin of 25.52% and a negative return on equity of 83.93%. On average, research analysts forecast that Consensus Cloud Solutions, Inc. will post 5.17 EPS 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.