Allspring Global Investments Holdings LLC bought a new stake in shares of Consensus Cloud Solutions, Inc. (NASDAQ:CCSI - Free Report) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 12,432 shares of the company's stock, valued at approximately $287,000. Allspring Global Investments Holdings LLC owned approximately 0.06% of Consensus Cloud Solutions at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in CCSI. Proficio Capital Partners LLC purchased a new position in shares of Consensus Cloud Solutions during the 4th quarter valued at approximately $340,000. Raymond James Financial Inc. acquired a new position in Consensus Cloud Solutions in the 4th quarter valued at $692,000. AlphaQuest LLC raised its stake in Consensus Cloud Solutions by 451.5% in the 4th quarter. AlphaQuest LLC now owns 2,173 shares of the company's stock valued at $52,000 after purchasing an additional 1,779 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its stake in Consensus Cloud Solutions by 5.3% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 23,560 shares of the company's stock valued at $562,000 after purchasing an additional 1,195 shares during the last quarter. Finally, Kennondale Capital Management LLC acquired a new position in Consensus Cloud Solutions in the 4th quarter valued at $981,000. Hedge funds and other institutional investors own 93.93% of the company's stock.
Analyst Ratings Changes
Separately, Wall Street Zen downgraded Consensus Cloud Solutions from a "buy" rating to a "hold" rating in a research note on Saturday, July 5th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $27.40.
Read Our Latest Research Report on CCSI
Consensus Cloud Solutions Price Performance
Shares of NASDAQ:CCSI traded down $1.40 during midday trading on Tuesday, reaching $20.32. 161,014 shares of the company's stock were exchanged, compared to its average volume of 137,227. The firm's 50 day simple moving average is $22.60 and its two-hundred day simple moving average is $23.50. The stock has a market cap of $396.98 million, a price-to-earnings ratio of 4.71 and a beta of 1.50. Consensus Cloud Solutions, Inc. has a fifty-two week low of $16.68 and a fifty-two week high of $32.10.
Consensus Cloud Solutions Company Profile
(
Free Report)
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.
Further Reading

Before you consider Consensus Cloud Solutions, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Consensus Cloud Solutions wasn't on the list.
While Consensus Cloud Solutions currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Learn the basics of options trading and how to use them to boost returns and manage risk with this free report from MarketBeat. Click the link below to get your free copy.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.