SG Americas Securities LLC Takes $323,000 Position in Consensus Cloud Solutions, Inc. (NASDAQ:CCSI)

SG Americas Securities LLC purchased a new position in shares of Consensus Cloud Solutions, Inc. (NASDAQ:CCSIGet Rating) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 7,400 shares of the company’s stock, valued at approximately $323,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Oregon Public Employees Retirement Fund acquired a new position in shares of Consensus Cloud Solutions in the first quarter valued at approximately $358,000. Strs Ohio acquired a new stake in shares of Consensus Cloud Solutions during the first quarter valued at $222,000. Louisiana State Employees Retirement System purchased a new stake in shares of Consensus Cloud Solutions in the first quarter valued at $443,000. New York State Teachers Retirement System acquired a new stake in shares of Consensus Cloud Solutions during the 1st quarter worth $1,482,000. Finally, Allspring Global Investments Holdings LLC purchased a new position in shares of Consensus Cloud Solutions in the 1st quarter valued at $492,000. Hedge funds and other institutional investors own 88.47% of the company’s stock.

Consensus Cloud Solutions Trading Up 2.0 %

Shares of CCSI stock opened at 57.39 on Tuesday. Consensus Cloud Solutions, Inc. has a one year low of 37.75 and a one year high of 69.31. The company has a fifty day moving average price of 50.59 and a two-hundred day moving average price of 50.15.

Consensus Cloud Solutions (NASDAQ:CCSIGet Rating) last released its earnings results on Tuesday, August 9th. The company reported 1.24 earnings per share for the quarter, beating analysts’ consensus estimates of 1.12 by 0.12. The firm had revenue of 93.16 million during the quarter, compared to the consensus estimate of 94.00 million. Consensus Cloud Solutions had a return on equity of 141.93% and a net margin of 15.78%. On average, research analysts expect that Consensus Cloud Solutions, Inc. will post 4.33 EPS for the current year.

Analyst Ratings Changes

Several research analysts have recently commented on CCSI shares. Citigroup assumed coverage on Consensus Cloud Solutions in a research report on Friday, August 19th. They issued a “neutral” rating and a $65.00 target price for the company. Wedbush upped their price objective on shares of Consensus Cloud Solutions from $56.00 to $67.00 in a research note on Wednesday, August 10th. Finally, Oppenheimer cut their target price on shares of Consensus Cloud Solutions from $75.00 to $65.00 and set an “outperform” rating for the company in a research report on Monday, July 18th.

Consensus Cloud Solutions Company Profile

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Consensus Cloud Solutions, Inc, together with its subsidiaries, provides information delivery services with a software-as-a-service platform worldwide. Its products and solutions include eFax, an online faxing solution, as well as MyFax, MetroFax, Sfax, SRfax, and other brands; eFax Corporate, a digital cloud-fax technology; jsign, which provides electronic and digital signature solutions; Unite, a single platform that allows the user to choose between several protocols to send and receive healthcare information in an environment that can integrate into an existing electronic health record (EHR) system or stand-alone if no EHR is present; Signal, a solution that integrates with a hospital's EHR system and uses rules-based triggering logic to automatically send admit, discharge, and transfer notifications using cloud fax and direct secure messaging technology; and Clarity that transforms unstructured documents into structured actionable data.

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Institutional Ownership by Quarter for Consensus Cloud Solutions (NASDAQ:CCSI)

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