Consensus Cloud Solutions, Inc. (NASDAQ:CCSI) Shares Acquired by Two Sigma Investments LP

Two Sigma Investments LP grew its stake in Consensus Cloud Solutions, Inc. (NASDAQ:CCSI - Free Report) by 93.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 28,012 shares of the company's stock after purchasing an additional 13,502 shares during the period. Two Sigma Investments LP owned approximately 0.15% of Consensus Cloud Solutions worth $668,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of CCSI. AlphaQuest LLC increased its holdings in shares of Consensus Cloud Solutions by 451.5% in the fourth quarter. AlphaQuest LLC now owns 2,173 shares of the company's stock valued at $52,000 after purchasing an additional 1,779 shares during the period. Quantbot Technologies LP purchased a new stake in shares of Consensus Cloud Solutions in the fourth quarter valued at approximately $81,000. BNP Paribas Financial Markets purchased a new stake in shares of Consensus Cloud Solutions in the fourth quarter valued at approximately $135,000. SG Americas Securities LLC boosted its stake in shares of Consensus Cloud Solutions by 19.8% in the fourth quarter. SG Americas Securities LLC now owns 7,509 shares of the company's stock valued at $179,000 after buying an additional 1,240 shares in the last quarter. Finally, Federated Hermes Inc. boosted its stake in shares of Consensus Cloud Solutions by 82.0% in the fourth 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. Institutional investors and hedge funds own 93.93% of the company's stock.

Consensus Cloud Solutions Price Performance

Shares of NASDAQ CCSI opened at $22.76 on Friday. Consensus Cloud Solutions, Inc. has a 1-year low of $15.81 and a 1-year high of $32.10. The business has a 50-day moving average of $21.06 and a 200-day moving average of $23.83. The company has a market capitalization of $444.75 million, a price-to-earnings ratio of 4.93 and a beta of 1.50.

Wall Street Analyst Weigh In

Separately, Oppenheimer lifted their price target on Consensus Cloud Solutions from $27.00 to $32.00 and gave the company an "outperform" rating in a research note on Thursday, February 20th. Two investment analysts have rated the stock with a sell rating and three have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $27.40.

About Consensus Cloud Solutions

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.

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