Dynamic Technology Lab Private Ltd Makes New Investment in Consensus Cloud Solutions, Inc. $CCSI

Key Points

• Dynamic Technology Lab Private Ltd has acquired a new position in Consensus Cloud Solutions, Inc. by purchasing 15,666 shares valued at approximately $362,000, representing about 0.08% ownership.
• Several institutional investors have also increased their holdings, with Gates Capital Management boosting its stake by 4.8%, making it the largest shareholder with over $39 million invested.
• Wall Street analysts recently upgraded Consensus Cloud Solutions from a "hold" to a "buy" rating, reflecting growing confidence in the company's performance with a consensus target price of $29.00.

Dynamic Technology Lab Private Ltd purchased a new position in shares of Consensus Cloud Solutions, Inc. (NASDAQ:CCSI - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 15,666 shares of the company's stock, valued at approximately $362,000. Dynamic Technology Lab Private Ltd owned approximately 0.08% of Consensus Cloud Solutions at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. BNP Paribas Financial Markets bought a new stake in shares of Consensus Cloud Solutions in the 4th quarter valued at about $135,000. Pallas Capital Advisors LLC acquired a new position in Consensus Cloud Solutions during the first quarter worth approximately $213,000. Federated Hermes Inc. raised its stake in Consensus Cloud Solutions by 20.2% in the first quarter. Federated Hermes Inc. now owns 9,327 shares of the company's stock valued at $215,000 after buying an additional 1,565 shares during the period. Banque Cantonale Vaudoise acquired a new stake in shares of Consensus Cloud Solutions in the first quarter valued at approximately $231,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Consensus Cloud Solutions by 4.6% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,342 shares of the company's stock valued at $247,000 after buying an additional 456 shares during the last quarter. Institutional investors own 93.93% of the company's stock.

Analyst Ratings Changes

Separately, Wall Street Zen raised Consensus Cloud Solutions from a "hold" rating to a "buy" rating in a report on Saturday, July 26th. Three analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. According to MarketBeat.com, Consensus Cloud Solutions has an average rating of "Moderate Buy" and a consensus price target of $29.00.

Consensus Cloud Solutions Stock Performance

Shares of CCSI stock traded up $0.40 on Monday, hitting $28.02. The company's stock had a trading volume of 85,301 shares, compared to its average volume of 104,786. Consensus Cloud Solutions, Inc. has a fifty-two week low of $17.84 and a fifty-two week high of $32.10. The company has a market capitalization of $531.82 million, a PE ratio of 6.75 and a beta of 1.51. The stock's 50 day moving average is $23.97 and its 200-day moving average is $22.79.

Consensus Cloud Solutions Company 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.