Point72 Asia Singapore Pte. Ltd. Sells 3,664 Shares of Consensus Cloud Solutions, Inc. (NASDAQ:CCSI)

Point72 Asia Singapore Pte. Ltd. decreased its position in shares of Consensus Cloud Solutions, Inc. (NASDAQ:CCSI) by 16.8% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 18,143 shares of the company’s stock after selling 3,664 shares during the period. Point72 Asia Singapore Pte. Ltd. owned approximately 0.09% of Consensus Cloud Solutions worth $312,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. National Bank of Canada FI purchased a new stake in Consensus Cloud Solutions in the 2nd quarter worth about $33,000. PNC Financial Services Group Inc. lifted its stake in shares of Consensus Cloud Solutions by 132.0% during the 4th quarter. PNC Financial Services Group Inc. now owns 1,691 shares of the company’s stock worth $44,000 after acquiring an additional 962 shares during the last quarter. CWM LLC boosted its holdings in Consensus Cloud Solutions by 388.4% during the 2nd quarter. CWM LLC now owns 8,792 shares of the company’s stock valued at $151,000 after acquiring an additional 6,992 shares during the period. Massachusetts Financial Services Co. MA bought a new position in Consensus Cloud Solutions in the 2nd quarter valued at $188,000. Finally, Meeder Asset Management Inc. increased its stake in Consensus Cloud Solutions by 20.0% in the first quarter. Meeder Asset Management Inc. now owns 14,480 shares of the company’s stock worth $230,000 after purchasing an additional 2,414 shares during the period. Hedge funds and other institutional investors own 93.93% of the company’s stock.

Consensus Cloud Solutions Stock Up 6.4 %

Shares of CCSI stock opened at $23.96 on Friday. The company’s 50 day moving average is $21.64 and its 200 day moving average is $18.01. The firm has a market cap of $460.51 million, a price-to-earnings ratio of 5.09 and a beta of 1.38. Consensus Cloud Solutions, Inc. has a 52-week low of $11.62 and a 52-week high of $28.09.

Consensus Cloud Solutions (NASDAQ:CCSI) last released its quarterly earnings results on Thursday, August 8th. The company reported $1.26 EPS for the quarter, topping the consensus estimate of $1.11 by $0.15. Consensus Cloud Solutions had a negative return on equity of 57.77% and a net margin of 25.72%. The firm had revenue of $87.50 million during the quarter, compared to analyst estimates of $87.10 million. Analysts anticipate that Consensus Cloud Solutions, Inc. will post 4.86 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. JPMorgan Chase & Co. downgraded shares of Consensus Cloud Solutions from a “neutral” rating to an “underweight” rating and raised their price target for the stock from $19.00 to $21.00 in a research note on Monday, September 9th. Oppenheimer boosted their price target on Consensus Cloud Solutions from $20.00 to $23.00 and gave the company an “outperform” rating in a report on Friday, August 9th. Finally, BTIG Research upgraded Consensus Cloud Solutions from a “neutral” rating to a “buy” rating and set a $30.00 price objective on the stock in a report on Wednesday, August 21st. Two research analysts have rated the stock with a sell rating and three have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $23.60.

About Consensus Cloud Solutions

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.