17,786 Shares in Consensus Cloud Solutions, Inc. $CCSI Acquired by Janney Montgomery Scott LLC

Key Points

• Janney Montgomery Scott LLC has acquired 17,786 shares of Consensus Cloud Solutions, Inc. for approximately $410,000, holding about 0.09% of the company.
• Several institutional investors, including Gates Capital Management and Vanguard Group, have increased their positions in Consensus Cloud Solutions, reflecting a growing confidence in the company.
• Consensus Cloud Solutions' stock has experienced a 2.7% decline recently, with a current share price of $25.26 and an average target price set at $29.00.

Janney Montgomery Scott LLC purchased a new position in shares of Consensus Cloud Solutions, Inc. (NASDAQ:CCSI - Free Report) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 17,786 shares of the company's stock, valued at approximately $410,000. Janney Montgomery Scott LLC owned approximately 0.09% of Consensus Cloud Solutions as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently made changes to their positions in the company. Gates Capital Management Inc. increased its position in shares of Consensus Cloud Solutions by 4.8% during the first quarter. Gates Capital Management Inc. now owns 1,691,368 shares of the company's stock worth $39,037,000 after purchasing an additional 77,867 shares in the last quarter. Vanguard Group Inc. increased its position in shares of Consensus Cloud Solutions by 3.3% during the first quarter. Vanguard Group Inc. now owns 1,562,117 shares of the company's stock worth $36,054,000 after purchasing an additional 50,175 shares in the last quarter. New South Capital Management Inc. increased its position in shares of Consensus Cloud Solutions by 100.1% during the first quarter. New South Capital Management Inc. now owns 354,241 shares of the company's stock worth $8,176,000 after purchasing an additional 177,247 shares in the last quarter. Denali Advisors LLC increased its position in shares of Consensus Cloud Solutions by 4.9% during the first quarter. Denali Advisors LLC now owns 215,016 shares of the company's stock worth $4,963,000 after purchasing an additional 10,084 shares in the last quarter. Finally, Bridgeway Capital Management LLC increased its position in shares of Consensus Cloud Solutions by 9.9% during the first quarter. Bridgeway Capital Management LLC now owns 145,723 shares of the company's stock worth $3,363,000 after purchasing an additional 13,108 shares in the last quarter. 93.93% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have weighed in on CCSI. Weiss Ratings reissued a "hold (c)" rating on shares of Consensus Cloud Solutions in a research note on Wednesday, October 8th. Wall Street Zen raised Consensus Cloud Solutions from a "hold" rating to a "buy" rating in a research note on Saturday, July 26th. Three analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of "Hold" and an average target price of $29.00.

Consensus Cloud Solutions Stock Down 2.7%

Shares of Consensus Cloud Solutions stock opened at $25.26 on Friday. Consensus Cloud Solutions, Inc. has a 52 week low of $17.84 and a 52 week high of $32.10. The business's fifty day simple moving average is $27.18 and its 200-day simple moving average is $23.45. The firm has a market cap of $479.43 million, a PE ratio of 6.09 and a beta of 1.53.

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.

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