Allspring Global Investments Holdings LLC Purchases New Shares in Consensus Cloud Solutions, Inc. (NASDAQ:CCSI)

Allspring Global Investments Holdings LLC purchased a new stake in shares of Consensus Cloud Solutions, Inc. (NASDAQ:CCSI - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 12,432 shares of the company's stock, valued at approximately $287,000. Allspring Global Investments Holdings LLC owned 0.06% of Consensus Cloud Solutions as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. AlphaQuest LLC lifted its position in shares of Consensus Cloud Solutions by 451.5% during the 4th quarter. AlphaQuest LLC now owns 2,173 shares of the company's stock valued at $52,000 after buying an additional 1,779 shares in the last quarter. Quantbot Technologies LP purchased a new position in shares of Consensus Cloud Solutions during the 4th quarter valued at about $81,000. BNP Paribas Financial Markets purchased a new position in shares of Consensus Cloud Solutions during the 4th quarter valued at about $135,000. Federated Hermes Inc. lifted its position in shares of Consensus Cloud Solutions by 82.0% during the 4th quarter. Federated Hermes Inc. now owns 7,762 shares of the company's stock valued at $185,000 after buying an additional 3,497 shares in the last quarter. Finally, WINTON GROUP Ltd purchased a new position in shares of Consensus Cloud Solutions during the 4th quarter valued at about $210,000. 93.93% of the stock is currently owned by institutional investors.

Consensus Cloud Solutions Stock Down 6.8%

CCSI stock traded down $1.54 during midday trading on Friday, hitting $21.24. The company's stock had a trading volume of 132,235 shares, compared to its average volume of 136,887. Consensus Cloud Solutions, Inc. has a 12 month low of $16.67 and a 12 month high of $32.10. The firm has a market capitalization of $415.03 million, a price-to-earnings ratio of 4.92 and a beta of 1.50. The company has a 50 day moving average of $22.60 and a two-hundred day moving average of $23.52.

Wall Street Analyst Weigh In

Separately, Wall Street Zen cut Consensus Cloud Solutions from a "buy" rating to a "hold" rating in a research report on Saturday, July 5th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $27.40.

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.