Raymond James Financial Inc. Takes $692,000 Position in Consensus Cloud Solutions, Inc. (NASDAQ:CCSI)

Raymond James Financial Inc. acquired a new position in shares of Consensus Cloud Solutions, Inc. (NASDAQ:CCSI - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 29,000 shares of the company's stock, valued at approximately $692,000. Raymond James Financial Inc. owned 0.15% of Consensus Cloud Solutions at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. GAMMA Investing LLC increased its position in Consensus Cloud Solutions by 74.9% during the fourth quarter. GAMMA Investing LLC now owns 1,525 shares of the company's stock worth $36,000 after acquiring an additional 653 shares during the period. R Squared Ltd acquired a new stake in Consensus Cloud Solutions during the fourth quarter worth about $42,000. AlphaQuest LLC lifted its holdings in shares of Consensus Cloud Solutions by 451.5% during 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 fourth quarter valued at approximately $81,000. Finally, SG Americas Securities LLC lifted its stake in Consensus Cloud Solutions by 19.8% during the fourth quarter. SG Americas Securities LLC now owns 7,509 shares of the company's stock worth $179,000 after purchasing an additional 1,240 shares during the last quarter. Institutional investors and hedge funds own 93.93% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on CCSI shares. Citigroup increased their target price on shares of Consensus Cloud Solutions from $19.00 to $20.00 and gave the stock a "sell" rating in a report on Friday, January 17th. Oppenheimer boosted their price target on Consensus Cloud Solutions from $27.00 to $32.00 and gave the stock an "outperform" rating in a report on Thursday, February 20th. Two equities research analysts have rated the stock with a sell rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, Consensus Cloud Solutions has a consensus rating of "Hold" and a consensus target price of $27.40.

Consensus Cloud Solutions Trading Down 0.3%

CCSI stock traded down $0.07 during trading on Tuesday, hitting $23.46. The company had a trading volume of 16,034 shares, compared to its average volume of 145,533. Consensus Cloud Solutions, Inc. has a one year low of $15.81 and a one year high of $32.10. The business has a 50-day moving average of $21.63 and a 200-day moving average of $24.06. The stock has a market cap of $458.43 million, a PE ratio of 5.08 and a beta of 1.48.

Consensus Cloud Solutions (NASDAQ:CCSI - Get Free Report) last released its 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). Consensus Cloud Solutions had a net margin of 25.52% and a negative return on equity of 83.93%. The firm had revenue of $86.98 million during the quarter, compared to analyst estimates of $85.07 million. Research analysts forecast that Consensus Cloud Solutions, Inc. will post 5.17 EPS for the current year.

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.