Consensus Cloud Solutions, Inc. $CCSI Holdings Raised by Vanguard Group Inc.

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. boosted its holdings in Consensus Cloud Solutions, Inc. (NASDAQ:CCSI - Free Report) by 3.3% in the 1st quarter, according to its most recent Form 13F filing with the SEC. 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 about 7.99% of Consensus Cloud Solutions worth $36,054,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. BNP Paribas Financial Markets purchased a new position in Consensus Cloud Solutions in the fourth quarter worth $135,000. Pallas Capital Advisors LLC acquired a new stake in shares of Consensus Cloud Solutions during the first quarter valued at $213,000. Federated Hermes Inc. boosted its stake in shares of Consensus Cloud Solutions by 20.2% during the first 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 during the last quarter. Two Sigma Securities LLC acquired a new stake in shares of Consensus Cloud Solutions during the fourth quarter valued at $235,000. Finally, Banque Cantonale Vaudoise acquired a new stake in shares of Consensus Cloud Solutions during the first quarter valued at $231,000. Hedge funds and other institutional investors own 93.93% of the company's stock.

Consensus Cloud Solutions Price Performance

Shares of NASDAQ:CCSI traded down $0.13 during midday trading on Friday, reaching $26.57. The company had a trading volume of 104,517 shares, compared to its average volume of 166,764. The stock's fifty day moving average price is $23.11 and its 200-day moving average price is $22.83. The stock has a market capitalization of $504.30 million, a P/E ratio of 6.40 and a beta of 1.48. Consensus Cloud Solutions, Inc. has a one year low of $17.84 and a one year high of $32.10.

Wall Street Analysts Forecast Growth

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