Lazard Asset Management LLC Acquires New Stake in Consensus Cloud Solutions, Inc. (NASDAQ:CCSI)

Lazard Asset Management LLC purchased a new position in shares of Consensus Cloud Solutions, Inc. (NASDAQ:CCSI - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 52,972 shares of the company's stock, valued at approximately $1,263,000. Lazard Asset Management LLC owned about 0.27% of Consensus Cloud Solutions as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also modified their holdings of the business. Janus Henderson Group PLC grew its stake in shares of Consensus Cloud Solutions by 3.0% during the fourth quarter. Janus Henderson Group PLC now owns 2,453,463 shares of the company's stock worth $58,540,000 after acquiring an additional 72,589 shares during the last quarter. Gates Capital Management Inc. boosted its position in Consensus Cloud Solutions by 1.0% in the fourth quarter. Gates Capital Management Inc. now owns 1,613,501 shares of the company's stock valued at $38,498,000 after buying an additional 16,245 shares during the last quarter. Deutsche Bank AG boosted its position in Consensus Cloud Solutions by 10.7% in the fourth quarter. Deutsche Bank AG now owns 57,466 shares of the company's stock valued at $1,371,000 after buying an additional 5,573 shares during the last quarter. Bridgeway Capital Management LLC boosted its position in Consensus Cloud Solutions by 23.2% in the fourth quarter. Bridgeway Capital Management LLC now owns 132,615 shares of the company's stock valued at $3,164,000 after buying an additional 25,000 shares during the last quarter. Finally, BNP Paribas Financial Markets purchased a new stake in Consensus Cloud Solutions in the fourth quarter valued at approximately $135,000. Hedge funds and other institutional investors own 93.93% of the company's stock.

Consensus Cloud Solutions Trading Down 3.8%

Consensus Cloud Solutions stock traded down $0.84 during mid-day trading on Friday, hitting $21.37. The company had a trading volume of 155,752 shares, compared to its average volume of 142,811. Consensus Cloud Solutions, Inc. has a 12-month low of $15.81 and a 12-month high of $32.10. The company's fifty day moving average is $21.40 and its 200-day moving average is $24.03. The company has a market capitalization of $417.59 million, a price-to-earnings ratio of 4.63 and a beta of 1.48.

Consensus Cloud Solutions (NASDAQ:CCSI - Get Free Report) last released its quarterly earnings data on Wednesday, February 19th. The company reported $1.09 EPS for the quarter, missing the consensus estimate of $1.19 by ($0.10). Consensus Cloud Solutions had a negative return on equity of 83.93% and a net margin of 25.52%. The company had revenue of $86.98 million during the quarter, compared to analysts' expectations of $85.07 million. As a group, sell-side analysts expect that Consensus Cloud Solutions, Inc. will post 5.17 EPS for the current fiscal year.

Analysts Set New Price Targets

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

Consensus Cloud Solutions 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.