Shell Asset Management Co. boosted its holdings in Consensus Cloud Solutions, Inc. (NASDAQ:CCSI – Get Rating) by 63.1% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,416 shares of the company’s stock after acquiring an additional 1,321 shares during the quarter. Shell Asset Management Co.’s holdings in Consensus Cloud Solutions were worth $149,000 at the end of the most recent quarter.
Several other hedge funds have also recently added to or reduced their stakes in the business. Nisa Investment Advisors LLC acquired a new position in shares of Consensus Cloud Solutions during the first quarter valued at $694,000. Mutual of America Capital Management LLC bought a new stake in shares of Consensus Cloud Solutions during the 1st quarter worth about $138,000. Arizona State Retirement System acquired a new stake in shares of Consensus Cloud Solutions in the 1st quarter worth approximately $243,000. Victory Capital Management Inc. acquired a new position in shares of Consensus Cloud Solutions during the first quarter valued at approximately $808,000. Finally, New York State Common Retirement Fund acquired a new position in shares of Consensus Cloud Solutions during the 1st quarter valued at $1,998,000. Institutional investors own 88.47% of the company’s stock.
Analysts Set New Price Targets
A number of brokerages have weighed in on CCSI. Citigroup assumed coverage on shares of Consensus Cloud Solutions in a report on Friday, August 19th. They issued a “neutral” rating and a $65.00 price target for the company. Wedbush lifted their price target on shares of Consensus Cloud Solutions from $56.00 to $67.00 in a research report on Wednesday, August 10th.
Consensus Cloud Solutions Price Performance
About Consensus Cloud Solutions
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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