Bank of America Corp DE Purchases 54,865 Shares of Consensus Cloud Solutions, Inc. $CCSI

Bank of America Corp DE boosted its position in Consensus Cloud Solutions, Inc. (NASDAQ:CCSI - Free Report) by 213.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 80,567 shares of the company's stock after buying an additional 54,865 shares during the quarter. Bank of America Corp DE owned approximately 0.44% of Consensus Cloud Solutions worth $1,913,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of CCSI. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Consensus Cloud Solutions by 4.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,810 shares of the company's stock valued at $249,000 after buying an additional 468 shares during the last quarter. First Trust Advisors LP grew its stake in shares of Consensus Cloud Solutions by 0.9% in the third quarter. First Trust Advisors LP now owns 58,614 shares of the company's stock worth $1,721,000 after acquiring an additional 504 shares during the last quarter. Franklin Resources Inc. grew its stake in shares of Consensus Cloud Solutions by 3.9% in the third quarter. Franklin Resources Inc. now owns 14,066 shares of the company's stock worth $413,000 after acquiring an additional 529 shares during the last quarter. Tower Research Capital LLC TRC increased its position in Consensus Cloud Solutions by 40.5% during the second quarter. Tower Research Capital LLC TRC now owns 1,978 shares of the company's stock worth $46,000 after acquiring an additional 570 shares during the period. Finally, New York State Common Retirement Fund increased its position in Consensus Cloud Solutions by 0.6% during the fourth quarter. New York State Common Retirement Fund now owns 95,336 shares of the company's stock worth $2,080,000 after acquiring an additional 600 shares during the period. Institutional investors own 93.93% of the company's stock.

Analysts Set New Price Targets

A number of analysts have weighed in on CCSI shares. Wall Street Zen raised shares of Consensus Cloud Solutions from a "hold" rating to a "buy" rating in a report on Sunday, May 17th. Oppenheimer increased their target price on shares of 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 boosted their price target on Consensus Cloud Solutions from $45.00 to $50.00 and gave the company a "buy" rating in a research note on Monday, August 10th. Finally, Weiss Ratings reaffirmed 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 assigned a Hold rating to the company's stock. According to MarketBeat.com, Consensus Cloud Solutions has an average rating of "Moderate Buy" and an average target price of $41.67.

Consensus Cloud Solutions Stock Down 7.0%

Shares of NASDAQ:CCSI opened at $33.59 on Thursday. The company's fifty day moving average is $37.29 and its 200-day moving average is $32.04. The company has a debt-to-equity ratio of 13.19, a quick ratio of 1.90 and a current ratio of 1.90. Consensus Cloud Solutions, Inc. has a 52 week low of $20.20 and a 52 week high of $41.40. The company has a market capitalization of $615.54 million, a PE ratio of 6.80 and a beta of 1.57.

Consensus Cloud Solutions (NASDAQ:CCSI - Get Free Report) last announced its earnings results on Thursday, August 6th. The company reported $1.49 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.48 by $0.01. The business had revenue of $91.36 million during the quarter, compared to analysts' expectations of $89.63 million. Consensus Cloud Solutions had a net margin of 26.69% and a return on equity of 502.63%. 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 predict that Consensus Cloud Solutions, Inc. will post 5.03 earnings per share for the current fiscal year.

Insider Activity

In related news, CTO Jeffrey Alan Sullivan sold 5,400 shares of the firm's stock in a transaction that occurred on Wednesday, August 12th. The shares were sold at an average price of $37.70, for a total value of $203,580.00. Following the completion of the sale, the chief technology officer owned 114,968 shares of the company's stock, valued at $4,334,293.60. This trade represents a 4.49% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 3.65% of the company's stock.

Consensus Cloud Solutions Profile

Consensus Cloud Solutions NASDAQ: CCSI is a provider of cloud consulting and managed services focused on helping organizations accelerate digital transformation. The company specializes in designing, deploying and supporting cloud architectures that leverage leading public and private cloud platforms, including infrastructure as a service (IaaS), platform as a service (PaaS) and software as a service (SaaS) environments. Its end-to-end approach encompasses strategy, implementation and ongoing optimization to align technology investments with business objectives.

The firm’s core offerings include cloud migration and deployment, application modernization, data analytics and cybersecurity solutions.

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