BlackRock Inc. Takes Position in Consensus Cloud Solutions, Inc. $CCSI

Key Points

• BlackRock acquired 1.38 million shares of Consensus Cloud Solutions in the second quarter, worth approximately $52.7 million and representing a 7.5% stake. Institutional investors collectively own 93.93% of the company.
• Consensus Cloud Solutions exceeded quarterly expectations, reporting $1.49 in EPS versus a $1.48 estimate and revenue of $91.36 million versus $89.63 million expected. The company guided for third-quarter 2026 EPS of $1.34–$1.44 and full-year EPS of $5.55–$5.95.
• Analyst sentiment is positive, with three Buy ratings and one Hold; the consensus rating is Moderate Buy and the average price target is $41.67, compared with the stock’s reported $38.25 price.

BlackRock Inc. acquired a new position in shares of Consensus Cloud Solutions, Inc. (NASDAQ:CCSI - Free Report) in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 1,380,763 shares of the company's stock, valued at approximately $52,676,000. BlackRock Inc. owned about 7.50% of Consensus Cloud Solutions at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in the stock. LSV Asset Management raised its position in shares of Consensus Cloud Solutions by 81.2% in the 4th quarter. LSV Asset Management now owns 716,585 shares of the company's stock valued at $15,636,000 after purchasing an additional 321,200 shares during the last quarter. Principal Financial Group Inc. purchased a new stake in Consensus Cloud Solutions during the 1st quarter worth approximately $890,000. Rice Hall James & Associates LLC acquired a new position in Consensus Cloud Solutions during the 2nd quarter valued at approximately $7,855,000. Arrowstreet Capital Limited Partnership increased its stake in Consensus Cloud Solutions by 10.7% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 376,489 shares of the company's stock valued at $8,938,000 after purchasing an additional 36,493 shares in the last quarter. Finally, Sei Investments Co. raised its holdings in shares of Consensus Cloud Solutions by 117.3% in the first quarter. Sei Investments Co. now owns 116,048 shares of the company's stock worth $2,755,000 after buying an additional 62,641 shares during the last quarter. Institutional investors own 93.93% of the company's stock.

Consensus Cloud Solutions Trading Up 0.7%

CCSI stock opened at $38.25 on Tuesday. The company's 50-day simple moving average is $37.27 and its 200-day simple moving average is $31.93. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 13.19. Consensus Cloud Solutions, Inc. has a 52-week low of $20.20 and a 52-week high of $41.40. The firm has a market cap of $701.12 million, a P/E ratio of 7.74 and a beta of 1.57.

Consensus Cloud Solutions (NASDAQ:CCSI - Get Free Report) last announced its quarterly earnings results on Thursday, August 6th. The company reported $1.49 earnings per share for the quarter, beating the consensus estimate 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 firm had revenue of $91.36 million during the quarter, compared to analyst estimates 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. As a group, equities analysts forecast that Consensus Cloud Solutions, Inc. will post 5.03 EPS for the current fiscal year.

Insider Activity

In other news, CTO Jeffrey Alan Sullivan sold 5,400 shares of the business'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 completion of the sale, the chief technology officer owned 114,968 shares of the company's stock, valued at $4,334,293.60. The trade was a 4.49% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 3.65% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

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

Consensus Cloud Solutions Company 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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