Bank of New York Mellon Corp Purchases New Position in Consensus Cloud Solutions, Inc. $CCSI

Key Points

• Bank of New York Mellon acquired 81,638 shares of Consensus Cloud Solutions, valued at approximately $3.1 million, giving it a 0.44% stake. Institutional investors collectively own 93.93% of the company.
• Analyst sentiment is favorable, with three Buy ratings and one Hold rating, an overall “Moderate Buy” consensus, and an average price target of $41.67.
• Consensus Cloud Solutions slightly exceeded quarterly expectations, reporting $1.49 in EPS and $91.36 million in revenue, compared with estimates of $1.48 and $89.63 million, respectively.

Bank of New York Mellon Corp acquired a new position in shares of Consensus Cloud Solutions, Inc. (NASDAQ:CCSI - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 81,638 shares of the company's stock, valued at approximately $3,115,000. Bank of New York Mellon Corp owned about 0.44% of Consensus Cloud Solutions at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the company. Quarry LP acquired a new position in shares of Consensus Cloud Solutions in the 4th quarter worth approximately $25,000. Tower Research Capital LLC TRC increased its holdings in Consensus Cloud Solutions by 40.5% during the 2nd quarter. Tower Research Capital LLC TRC now owns 1,978 shares of the company's stock valued at $46,000 after purchasing an additional 570 shares in the last quarter. BNP Paribas Financial Markets increased its holdings in Consensus Cloud Solutions by 104.9% during the 3rd quarter. BNP Paribas Financial Markets now owns 3,793 shares of the company's stock valued at $111,000 after purchasing an additional 1,942 shares in the last quarter. Quantbot Technologies LP bought a new position in Consensus Cloud Solutions in the 2nd quarter valued at $112,000. Finally, Fifth Third Bancorp acquired a new position in Consensus Cloud Solutions in the first quarter worth $120,000. Institutional investors and hedge funds own 93.93% of the company's stock.

Insider Transactions at Consensus Cloud Solutions

In other Consensus Cloud Solutions news, CTO Jeffrey Sullivan sold 5,400 shares of the company's stock in a transaction dated Wednesday, August 12th. The shares were sold at an average price of $37.70, for a total transaction of $203,580.00. Following the transaction, the chief technology officer directly owned 114,968 shares in the company, valued at approximately $4,334,293.60. This represents a 4.49% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 3.65% of the company's stock.

Wall Street Analysts Forecast Growth

CCSI has been the topic of several research analyst reports. Weiss Ratings restated a "hold (c+)" rating on shares of Consensus Cloud Solutions in a report on Tuesday, August 4th. Oppenheimer lifted their price target on Consensus Cloud Solutions from $35.00 to $40.00 and gave the company an "outperform" rating in a report on Monday, August 10th. BTIG Research upped their price target on shares of Consensus Cloud Solutions from $45.00 to $50.00 and gave the stock a "buy" rating in a research report on Monday, August 10th. Finally, Wall Street Zen upgraded shares of Consensus Cloud Solutions from a "hold" rating to a "buy" rating in a research report on Sunday, May 17th. Three equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $41.67.

Consensus Cloud Solutions Price Performance

Shares of CCSI opened at $35.36 on Monday. The firm has a market capitalization of $648.15 million, a price-to-earnings ratio of 7.16 and a beta of 1.57. The company has a debt-to-equity ratio of 13.19, a quick ratio of 1.90 and a current ratio of 1.90. The business's fifty day moving average price is $37.27 and its two-hundred day moving average price is $32.12. Consensus Cloud Solutions, Inc. has a 52 week low of $20.20 and a 52 week high of $41.40.

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

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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