New York State Common Retirement Fund Purchases 11,900 Shares of Consensus Cloud Solutions, Inc. (NASDAQ:CCSI)

New York State Common Retirement Fund raised its position in shares of Consensus Cloud Solutions, Inc. (NASDAQ:CCSI) by 16.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 82,136 shares of the company’s stock after acquiring an additional 11,900 shares during the period. New York State Common Retirement Fund owned approximately 0.43% of Consensus Cloud Solutions worth $1,960,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the stock. Janus Henderson Group PLC lifted its stake in shares of Consensus Cloud Solutions by 26.4% in the third quarter. Janus Henderson Group PLC now owns 2,380,874 shares of the company’s stock valued at $56,070,000 after buying an additional 498,010 shares during the period. State Street Corp lifted its stake in shares of Consensus Cloud Solutions by 15.1% in the third quarter. State Street Corp now owns 450,415 shares of the company’s stock valued at $10,607,000 after buying an additional 59,219 shares during the period. Geode Capital Management LLC lifted its stake in shares of Consensus Cloud Solutions by 1.3% in the third quarter. Geode Capital Management LLC now owns 421,123 shares of the company’s stock valued at $9,920,000 after buying an additional 5,299 shares during the period. JPMorgan Chase & Co. lifted its stake in shares of Consensus Cloud Solutions by 223.1% in the third quarter. JPMorgan Chase & Co. now owns 197,456 shares of the company’s stock valued at $4,650,000 after buying an additional 136,349 shares during the period. Finally, Integrated Investment Consultants LLC lifted its stake in shares of Consensus Cloud Solutions by 9.3% in the fourth quarter. Integrated Investment Consultants LLC now owns 170,306 shares of the company’s stock valued at $4,064,000 after buying an additional 14,449 shares during the period. Institutional investors own 93.93% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. Oppenheimer increased their target price on shares of Consensus Cloud Solutions from $27.00 to $32.00 and gave the company an “outperform” rating in a research note on Thursday, February 20th. Wedbush increased their price target on shares of Consensus Cloud Solutions from $24.00 to $32.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th. BTIG Research increased their price target on shares of Consensus Cloud Solutions from $30.00 to $32.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. Finally, Citigroup increased their price target on shares of Consensus Cloud Solutions from $19.00 to $20.00 and gave the stock a “sell” rating in a research report on Friday, January 17th. Two analysts have rated the stock with a sell rating and three have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $27.40.

Consensus Cloud Solutions Stock Down 0.2 %

NASDAQ:CCSI opened at $26.17 on Friday. Consensus Cloud Solutions, Inc. has a 12-month low of $11.62 and a 12-month high of $32.10. The firm has a market capitalization of $511.00 million, a PE ratio of 5.66 and a beta of 1.45. The firm has a 50-day moving average price of $26.14 and a 200 day moving average price of $24.15.

Consensus Cloud Solutions (NASDAQ:CCSI) last posted its quarterly earnings data on Wednesday, February 19th. The company reported $1.09 earnings per share for the quarter, missing the consensus estimate of $1.19 by ($0.10). The firm had revenue of $86.98 million for the quarter, compared to analyst estimates of $85.07 million. Consensus Cloud Solutions had a negative return on equity of 83.93% and a net margin of 25.52%. On average, research analysts expect that Consensus Cloud Solutions, Inc. will post 5.17 EPS for the current year.

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.