Virtus Fund Advisers LLC Has $26,000 Position in Consensus Cloud Solutions, Inc. (NASDAQ:CCSI)

Virtus Fund Advisers LLC lowered its holdings in shares of Consensus Cloud Solutions, Inc. (NASDAQ:CCSI - Free Report) by 92.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. 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 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of CCSI. R Squared Ltd bought a new position in Consensus Cloud Solutions in the 4th quarter worth $42,000. AlphaQuest LLC raised its holdings in Consensus Cloud Solutions by 451.5% in the 4th quarter. AlphaQuest LLC now owns 2,173 shares of the company's stock worth $52,000 after acquiring an additional 1,779 shares during the period. Quantbot Technologies LP bought a new position in Consensus Cloud Solutions in the 4th quarter worth $81,000. BNP Paribas Financial Markets bought a new position in Consensus Cloud Solutions in the 4th quarter worth $135,000. Finally, SG Americas Securities LLC raised its holdings in Consensus Cloud Solutions by 19.8% in the 4th quarter. SG Americas Securities LLC now owns 7,509 shares of the company's stock worth $179,000 after acquiring an additional 1,240 shares during the period. Institutional investors own 93.93% of the company's stock.

Consensus Cloud Solutions Stock Up 0.5%

NASDAQ CCSI traded up $0.12 during midday trading on Thursday, hitting $22.21. The company had a trading volume of 174,940 shares, compared to its average volume of 143,775. The stock has a market cap of $434.01 million, a price-to-earnings ratio of 4.81 and a beta of 1.48. The firm has a fifty day simple moving average of $21.51 and a two-hundred day simple moving average of $24.07. Consensus Cloud Solutions, Inc. has a fifty-two week low of $15.81 and a fifty-two week high of $32.10.

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

Analysts Set New Price Targets

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

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.