Virtus Fund Advisers LLC Cuts Stock Position in Consensus Cloud Solutions, Inc. (NASDAQ:CCSI)

Virtus Fund Advisers LLC decreased its stake in shares of Consensus Cloud Solutions, Inc. (NASDAQ:CCSI - Free Report) by 92.2% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,082 shares of the company's stock after selling 12,814 shares during the quarter. Virtus Fund Advisers LLC's holdings in Consensus Cloud Solutions were worth $26,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Consensus Cloud Solutions by 4.6% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,342 shares of the company's stock worth $247,000 after buying an additional 456 shares in the last quarter. Sterling Capital Management LLC lifted its position in Consensus Cloud Solutions by 3.2% during the fourth quarter. Sterling Capital Management LLC now owns 16,499 shares of the company's stock worth $394,000 after buying an additional 513 shares in the last quarter. Ameriprise Financial Inc. lifted its position in Consensus Cloud Solutions by 4.7% during the fourth quarter. Ameriprise Financial Inc. now owns 14,418 shares of the company's stock worth $344,000 after buying an additional 651 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its position in Consensus Cloud Solutions by 2.6% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 32,083 shares of the company's stock worth $766,000 after buying an additional 820 shares in the last quarter. Finally, Meeder Asset Management Inc. lifted its position in Consensus Cloud Solutions by 3.1% during the fourth quarter. Meeder Asset Management Inc. now owns 27,645 shares of the company's stock worth $660,000 after buying an additional 839 shares in the last quarter. Hedge funds and other institutional investors own 93.93% of the company's stock.

Consensus Cloud Solutions Stock Down 3.8%

NASDAQ:CCSI traded down $0.84 on Friday, reaching $21.37. The company's stock had a trading volume of 155,752 shares, compared to its average volume of 143,592. Consensus Cloud Solutions, Inc. has a 12-month low of $15.81 and a 12-month high of $32.10. The firm has a market cap of $417.59 million, a price-to-earnings ratio of 4.63 and a beta of 1.48. The stock has a 50 day moving average price of $21.40 and a 200 day moving average price of $24.05.

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

Wall Street Analyst Weigh In

Separately, Oppenheimer lifted 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 assigned a buy rating to the company. Based on data from MarketBeat, Consensus Cloud Solutions currently has an average rating of "Hold" and an average target price 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.