Vanguard Group Inc. Increases Position in Consensus Cloud Solutions, Inc. $CCSI

Key Points

• Vanguard Group Inc. increased its holdings in Consensus Cloud Solutions by 3.3%, owning a total of 1,562,117 shares valued at approximately $36 million after acquiring an additional 50,175 shares.
• Consensus Cloud Solutions received a ratings upgrade from Wall Street Zen, moving from a "hold" to a "buy" rating, with a consensus price target of $27.40.
• The company has a market capitalization of $494.35 million, with shares recently opening at $26.05, close to its 12-month low of $17.84 and high of $32.10.

Vanguard Group Inc. raised its stake in shares of Consensus Cloud Solutions, Inc. (NASDAQ:CCSI - Free Report) by 3.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,562,117 shares of the company's stock after acquiring an additional 50,175 shares during the quarter. Vanguard Group Inc. owned approximately 7.99% of Consensus Cloud Solutions worth $36,054,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. BNP Paribas Financial Markets bought a new stake in Consensus Cloud Solutions during the 4th quarter valued at $135,000. Pallas Capital Advisors LLC bought a new stake in Consensus Cloud Solutions during the 1st quarter valued at $213,000. Federated Hermes Inc. boosted its position in Consensus Cloud Solutions by 20.2% during the 1st quarter. Federated Hermes Inc. now owns 9,327 shares of the company's stock valued at $215,000 after acquiring an additional 1,565 shares in the last quarter. Banque Cantonale Vaudoise bought a new stake in Consensus Cloud Solutions during the 1st quarter valued at $231,000. Finally, Two Sigma Securities LLC bought a new stake in Consensus Cloud Solutions during the 4th quarter valued at $235,000. Institutional investors own 93.93% of the company's stock.

Analysts Set New Price Targets

Separately, Wall Street Zen raised Consensus Cloud Solutions from a "hold" rating to a "buy" rating in a research report on Saturday, July 26th. Three analysts have rated the stock with a Buy rating and two have given a Sell rating to the company's stock. According to MarketBeat, Consensus Cloud Solutions has a consensus rating of "Hold" and a consensus target price of $27.40.

Consensus Cloud Solutions Trading Down 0.5%

Shares of NASDAQ CCSI traded down $0.13 during trading on Monday, reaching $26.57. 104,517 shares of the company traded hands, compared to its average volume of 161,885. The firm's fifty day simple moving average is $23.18 and its 200 day simple moving average is $22.77. The stock has a market cap of $504.30 million, a P/E ratio of 6.40 and a beta of 1.51. Consensus Cloud Solutions, Inc. has a 12-month low of $17.84 and a 12-month high of $32.10.

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.