Consensus Cloud Solutions, Inc. (NASDAQ:CCSI) Shares Sold by Swiss National Bank

Swiss National Bank lowered its holdings in Consensus Cloud Solutions, Inc. (NASDAQ:CCSIFree Report) by 10.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 36,777 shares of the company’s stock after selling 4,400 shares during the quarter. Swiss National Bank owned 0.19% of Consensus Cloud Solutions worth $964,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Barclays PLC boosted its holdings in Consensus Cloud Solutions by 42.1% during the third quarter. Barclays PLC now owns 21,794 shares of the company’s stock worth $549,000 after buying an additional 6,460 shares in the last quarter. New York State Common Retirement Fund boosted its holdings in Consensus Cloud Solutions by 25.3% during the third quarter. New York State Common Retirement Fund now owns 37,913 shares of the company’s stock worth $955,000 after buying an additional 7,655 shares in the last quarter. Amalgamated Bank boosted its holdings in Consensus Cloud Solutions by 9.1% during the third quarter. Amalgamated Bank now owns 8,224 shares of the company’s stock worth $207,000 after buying an additional 684 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Consensus Cloud Solutions by 9.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 238,532 shares of the company’s stock worth $6,006,000 after buying an additional 20,670 shares in the last quarter. Finally, Deutsche Bank AG boosted its holdings in Consensus Cloud Solutions by 5.1% during the third quarter. Deutsche Bank AG now owns 38,065 shares of the company’s stock worth $958,000 after buying an additional 1,843 shares in the last quarter. Institutional investors and hedge funds own 93.93% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on CCSI. Oppenheimer lowered their price target on shares of Consensus Cloud Solutions from $29.00 to $20.00 and set an “outperform” rating on the stock in a report on Thursday, May 9th. Wedbush reaffirmed an “outperform” rating and set a $24.00 price objective on shares of Consensus Cloud Solutions in a report on Friday, May 10th.

Check Out Our Latest Research Report on Consensus Cloud Solutions

Consensus Cloud Solutions Stock Down 3.5 %

CCSI opened at $18.87 on Friday. The company has a market cap of $362.68 million, a price-to-earnings ratio of 4.17 and a beta of 1.07. Consensus Cloud Solutions, Inc. has a 52-week low of $11.62 and a 52-week high of $37.24. The firm’s fifty day simple moving average is $15.37 and its two-hundred day simple moving average is $18.70.

Consensus Cloud Solutions (NASDAQ:CCSIGet Free Report) last posted its quarterly earnings data on Wednesday, May 8th. The company reported $1.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.06 by $0.30. The business had revenue of $88.15 million for the quarter, compared to the consensus estimate of $87.29 million. Consensus Cloud Solutions had a net margin of 24.55% and a negative return on equity of 49.60%. On average, research analysts forecast that Consensus Cloud Solutions, Inc. will post 4.49 EPS for the current year.

Consensus Cloud Solutions Profile

(Free Report)

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.

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

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