Renaissance Technologies LLC Cuts Stock Position in Consensus Cloud Solutions, Inc. $CCSI

Key Points

• Renaissance Technologies cut its Consensus Cloud Solutions position by 52.9% in the first quarter, selling 90,349 shares and retaining 80,451 shares valued at approximately $1.91 million. Institutional investors collectively own 93.93% of CCSI.
• Analyst sentiment is generally positive: CCSI has a consensus “Moderate Buy” rating from four analysts, with an average price target of $41.67. BTIG Research and Oppenheimer recently raised their price targets to $50 and $40, respectively.
• Consensus Cloud Solutions slightly beat quarterly expectations, reporting $1.49 in EPS and $91.36 million in revenue versus estimates of $1.48 and $89.63 million. The stock opened at $36.95, while management guided for full-year 2026 EPS of $5.55 to $5.95.

Renaissance Technologies LLC cut its position in Consensus Cloud Solutions, Inc. (NASDAQ:CCSI - Free Report) by 52.9% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 80,451 shares of the company's stock after selling 90,349 shares during the quarter. Renaissance Technologies LLC owned approximately 0.44% of Consensus Cloud Solutions worth $1,910,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Consensus Cloud Solutions by 4.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,810 shares of the company's stock worth $249,000 after buying an additional 468 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in Consensus Cloud Solutions by 4.3% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 11,499 shares of the company's stock valued at $245,000 after acquiring an additional 473 shares during the last quarter. First Trust Advisors LP lifted its position in Consensus Cloud Solutions by 0.9% during the third quarter. First Trust Advisors LP now owns 58,614 shares of the company's stock valued at $1,721,000 after acquiring an additional 504 shares during the last quarter. Franklin Resources Inc. lifted its position in Consensus Cloud Solutions by 3.9% during the third quarter. Franklin Resources Inc. now owns 14,066 shares of the company's stock valued at $413,000 after acquiring an additional 529 shares during the last quarter. Finally, Tower Research Capital LLC TRC boosted its stake in Consensus Cloud Solutions by 40.5% in the second quarter. Tower Research Capital LLC TRC now owns 1,978 shares of the company's stock valued at $46,000 after acquiring an additional 570 shares in the last quarter. 93.93% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the stock. Wall Street Zen raised shares of Consensus Cloud Solutions from a "hold" rating to a "buy" rating in a report on Sunday, May 17th. Weiss Ratings reiterated a "hold (c+)" rating on shares of Consensus Cloud Solutions in a report on Tuesday, August 4th. BTIG Research raised their price objective on Consensus Cloud Solutions from $45.00 to $50.00 and gave the stock a "buy" rating in a research report on Monday. Finally, Oppenheimer boosted their target price on Consensus Cloud Solutions from $35.00 to $40.00 and gave the stock an "outperform" rating in a research note on Monday. Three equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $41.67.

Insider Buying and Selling

In other news, Director Elaine Healy sold 4,000 shares of the company's stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $34.27, for a total value of $137,080.00. Following the sale, the director directly owned 27,658 shares of the company's stock, valued at $947,839.66. This represents a 12.64% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 3.65% of the company's stock.

Consensus Cloud Solutions Trading Down 0.1%

Consensus Cloud Solutions stock opened at $36.95 on Wednesday. The company has a quick ratio of 1.80, 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 company has a market capitalization of $677.29 million, a price-to-earnings ratio of 7.48 and a beta of 1.57. The stock has a 50-day moving average price of $36.10 and a 200 day moving average price of $30.34.

Consensus Cloud Solutions (NASDAQ:CCSI - Get Free Report) last issued its earnings results on Thursday, August 6th. The company reported $1.49 EPS for the quarter, beating 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 firm had revenue of $91.36 million for 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. Sell-side analysts anticipate that Consensus Cloud Solutions, Inc. will post 5.08 EPS for the current year.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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