Bank of America Corp DE Lowers Position in Consensus Cloud Solutions, Inc. (NASDAQ:CCSI)

Bank of America Corp DE lowered its position in Consensus Cloud Solutions, Inc. (NASDAQ:CCSI - Free Report) by 87.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,665 shares of the company's stock after selling 62,482 shares during the period. Bank of America Corp DE's holdings in Consensus Cloud Solutions were worth $207,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in CCSI. AlphaQuest LLC raised its position 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 buying an additional 1,779 shares during the last quarter. Quantbot Technologies LP acquired a new stake in shares of Consensus Cloud Solutions in the fourth quarter valued at approximately $81,000. BNP Paribas Financial Markets bought a new stake in shares of Consensus Cloud Solutions in the fourth quarter worth $135,000. Federated Hermes Inc. boosted its holdings in Consensus Cloud Solutions by 82.0% during the fourth quarter. Federated Hermes Inc. now owns 7,762 shares of the company's stock worth $185,000 after purchasing an additional 3,497 shares during the last quarter. Finally, WINTON GROUP Ltd bought a new position in Consensus Cloud Solutions in the fourth quarter valued at $210,000. Institutional investors and hedge funds own 93.93% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Oppenheimer upped their target price 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 given a buy rating to the company. According to MarketBeat.com, Consensus Cloud Solutions has an average rating of "Hold" and an average price target of $27.40.

Consensus Cloud Solutions Price Performance

Shares of CCSI traded down $0.08 during trading hours on Tuesday, hitting $22.21. The stock had a trading volume of 131,433 shares, compared to its average volume of 138,592. Consensus Cloud Solutions, Inc. has a 1-year low of $15.81 and a 1-year high of $32.10. The firm has a market capitalization of $433.98 million, a P/E ratio of 4.74 and a beta of 1.50. The firm has a 50 day simple moving average of $21.28 and a 200-day simple moving average of $23.72.

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.