43,607 Shares of Consensus Cloud Solutions, Inc. $CCSI Bought by Bank of America Corp DE

Key Points

• Bank of America acquired 43,607 shares of Consensus Cloud Solutions in the second quarter, worth approximately $1.664 million and representing about 0.24% of the company. Institutional investors collectively own 93.93% of CCSI.
• Analyst sentiment is generally positive: three analysts rate the stock Buy and one rates it Hold, resulting in a “Moderate Buy” consensus rating and an average price target of $41.67.
• CCSI reported quarterly EPS of $1.49, slightly exceeding expectations, while revenue reached $91.36 million versus the $89.63 million consensus estimate. The stock opened at $35.73, with a market capitalization of approximately $654.9 million.

Bank of America Corp DE bought a new stake in Consensus Cloud Solutions, Inc. (NASDAQ:CCSI - Free Report) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 43,607 shares of the company's stock, valued at approximately $1,664,000. Bank of America Corp DE owned approximately 0.24% of Consensus Cloud Solutions as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Legal & General Group Plc bought a new position in shares of Consensus Cloud Solutions in the second quarter valued at approximately $68,000. Fifth Third Bancorp acquired a new position in shares of Consensus Cloud Solutions during the first quarter valued at approximately $120,000. Empowered Funds LLC bought a new stake in Consensus Cloud Solutions during the first quarter worth approximately $211,000. Pallas Capital Advisors LLC bought a new stake in Consensus Cloud Solutions during the second quarter worth approximately $252,000. Finally, Meeder Asset Management Inc. acquired a new stake in Consensus Cloud Solutions in the second quarter worth approximately $255,000. Institutional investors and hedge funds own 93.93% of the company's stock.

Wall Street Analysts Forecast Growth

CCSI has been the subject of a number of research reports. Oppenheimer increased their price target on Consensus Cloud Solutions from $35.00 to $40.00 and gave the company an "outperform" rating in a research note on Monday, August 10th. BTIG Research reissued a "buy" rating and issued a $50.00 price objective on shares of Consensus Cloud Solutions in a research note on Friday, September 25th. Finally, Weiss Ratings restated a "hold (c+)" rating on shares of Consensus Cloud Solutions in a report on Tuesday, August 4th. Three research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $41.67.

Insider Activity

In related news, CTO Jeffrey Sullivan sold 5,400 shares of Consensus Cloud Solutions stock in a transaction on Wednesday, August 12th. The stock was sold at an average price of $37.70, for a total value of $203,580.00. Following the transaction, the chief technology officer directly owned 114,968 shares in the company, valued at $4,334,293.60. The trade was a 4.49% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 3.65% of the stock is owned by insiders.

Consensus Cloud Solutions Stock Up 2.4%

CCSI stock opened at $35.73 on Friday. The firm has a market cap of $654.93 million, a PE ratio of 7.23 and a beta of 1.58. Consensus Cloud Solutions, Inc. has a 12 month low of $20.20 and a 12 month high of $41.40. The company has a debt-to-equity ratio of 13.19, a current ratio of 1.90 and a quick ratio of 1.90. The firm has a 50 day simple moving average of $36.77 and a 200 day simple moving average of $32.91.

Consensus Cloud Solutions (NASDAQ:CCSI - Get Free Report) last posted its quarterly earnings results on Thursday, August 6th. The company reported $1.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.48 by $0.01. Consensus Cloud Solutions had a net margin of 26.69% and a return on equity of 502.63%. The firm had revenue of $91.36 million for the quarter, compared to analyst estimates of $89.63 million. Consensus Cloud Solutions has set its Q3 2026 guidance at 1.340-1.440 EPS and its FY 2026 guidance at 5.550-5.950 EPS. Equities research analysts forecast that Consensus Cloud Solutions, Inc. will post 5.03 earnings per share for the current fiscal year.

Consensus Cloud Solutions Company Profile

Consensus Cloud Solutions, Inc is a provider of secure cloud-based information-exchange and communication services. The company helps organizations transmit, manage and access sensitive information through digital platforms designed for regulated industries and other businesses with demanding privacy and security requirements.

Its offerings include cloud fax and electronic document-delivery services, along with related communications and workflow tools. The company's solutions are used by healthcare organizations, businesses and government entities to exchange documents and data while supporting compliance, integration and operational efficiency.

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