Charles Schwab Investment Management Inc. Cuts Stock Holdings in Consensus Cloud Solutions, Inc. (NASDAQ:CCSI)

Charles Schwab Investment Management Inc. lowered its stake in Consensus Cloud Solutions, Inc. (NASDAQ:CCSI) by 13.4% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 227,910 shares of the company’s stock after selling 35,380 shares during the quarter. Charles Schwab Investment Management Inc. owned 1.18% of Consensus Cloud Solutions worth $5,367,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Price T Rowe Associates Inc. MD boosted its stake in shares of Consensus Cloud Solutions by 15.2% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 30,994 shares of the company’s stock worth $492,000 after purchasing an additional 4,100 shares during the period. CWM LLC grew its stake in shares of Consensus Cloud Solutions by 388.4% during the second quarter. CWM LLC now owns 8,792 shares of the company’s stock worth $151,000 after acquiring an additional 6,992 shares during the last quarter. SummerHaven Investment Management LLC grew its stake in shares of Consensus Cloud Solutions by 3.6% during the second quarter. SummerHaven Investment Management LLC now owns 22,426 shares of the company’s stock worth $385,000 after acquiring an additional 769 shares during the last quarter. Bank of New York Mellon Corp boosted its position in Consensus Cloud Solutions by 3.3% in the second quarter. Bank of New York Mellon Corp now owns 98,013 shares of the company’s stock valued at $1,684,000 after buying an additional 3,144 shares during the last quarter. Finally, Rhumbline Advisers boosted its position in Consensus Cloud Solutions by 4.8% in the second quarter. Rhumbline Advisers now owns 30,358 shares of the company’s stock valued at $522,000 after buying an additional 1,379 shares during the last quarter. Hedge funds and other institutional investors own 93.93% of the company’s stock.

Consensus Cloud Solutions Trading Up 0.9 %

NASDAQ CCSI opened at $25.12 on Friday. The business’s 50-day moving average price is $23.41 and its 200 day moving average price is $21.29. Consensus Cloud Solutions, Inc. has a twelve month low of $11.62 and a twelve month high of $28.09. The company has a market capitalization of $484.92 million, a PE ratio of 5.50 and a beta of 1.42.

Analyst Ratings Changes

Several research firms have commented on CCSI. BTIG Research upped their price objective on Consensus Cloud Solutions from $30.00 to $32.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. Wedbush lifted their target price on Consensus Cloud Solutions from $24.00 to $32.00 and gave the company an “outperform” rating in a research report on Friday, November 8th. JPMorgan Chase & Co. cut Consensus Cloud Solutions from a “neutral” rating to an “underweight” rating and lifted their price objective for the company from $19.00 to $21.00 in a research note on Monday, September 9th. Citigroup boosted their price objective on Consensus Cloud Solutions from $17.00 to $19.00 and gave the company a “sell” rating in a research note on Tuesday, November 19th. Finally, Oppenheimer boosted their target price on Consensus Cloud Solutions from $23.00 to $27.00 and gave the company an “outperform” rating in a report on Friday, November 8th. Two equities research analysts have rated the stock with a sell rating and three have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $26.20.

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.