State Street Corp Has $10.61 Million Stock Holdings in Consensus Cloud Solutions, Inc. (NASDAQ:CCSI)

State Street Corp increased its position in shares of Consensus Cloud Solutions, Inc. (NASDAQ:CCSI) by 15.1% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 450,415 shares of the company’s stock after buying an additional 59,219 shares during the period. State Street Corp owned 2.33% of Consensus Cloud Solutions worth $10,607,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Capital Performance Advisors LLP acquired a new position in Consensus Cloud Solutions during the 3rd quarter worth $29,000. National Bank of Canada FI acquired a new position in shares of Consensus Cloud Solutions during the 2nd quarter worth about $33,000. SG Americas Securities LLC acquired a new stake in Consensus Cloud Solutions in the 3rd quarter valued at approximately $148,000. Massachusetts Financial Services Co. MA bought a new position in Consensus Cloud Solutions in the 2nd quarter worth approximately $188,000. Finally, Wealth Enhancement Advisory Services LLC acquired a new position in shares of Consensus Cloud Solutions during the third quarter worth approximately $242,000. 93.93% of the stock is currently owned by institutional investors and hedge funds.

Consensus Cloud Solutions Stock Up 3.0 %

NASDAQ:CCSI opened at $24.28 on Friday. The firm has a market capitalization of $468.70 million, a PE ratio of 5.31 and a beta of 1.42. Consensus Cloud Solutions, Inc. has a 12-month low of $11.62 and a 12-month high of $27.79. The firm has a 50-day moving average price of $23.94 and a 200 day moving average price of $21.64.

Wall Street Analysts Forecast Growth

CCSI has been the topic of several research analyst reports. BTIG Research raised their price objective on shares of Consensus Cloud Solutions from $30.00 to $32.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. Oppenheimer upped their price objective on shares of Consensus Cloud Solutions from $23.00 to $27.00 and gave the company an “outperform” rating in a research report on Friday, November 8th. Wedbush lifted their target price on Consensus Cloud Solutions from $24.00 to $32.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th. Citigroup boosted their price target 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, JPMorgan Chase & Co. downgraded Consensus Cloud Solutions from a “neutral” rating to an “underweight” rating and raised their price objective for the stock from $19.00 to $21.00 in a research report on Monday, September 9th. Two investment analysts have rated the stock with a sell rating and three have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $26.20.

Consensus Cloud Solutions Company Profile

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.