Consensus Cloud Solutions, Inc. (NASDAQ:CCSI) Shares Sold by JPMorgan Chase & Co.

JPMorgan Chase & Co. lowered its stake in Consensus Cloud Solutions, Inc. (NASDAQ:CCSI) by 11.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 174,613 shares of the company’s stock after selling 22,843 shares during the period. JPMorgan Chase & Co. owned about 0.90% of Consensus Cloud Solutions worth $4,166,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. GAMMA Investing LLC increased its holdings in shares of Consensus Cloud Solutions by 74.9% in the 4th quarter. GAMMA Investing LLC now owns 1,525 shares of the company’s stock valued at $36,000 after acquiring an additional 653 shares during the last quarter. R Squared Ltd purchased a new position in Consensus Cloud Solutions in the fourth quarter valued at approximately $42,000. AlphaQuest LLC raised its holdings in Consensus Cloud Solutions by 451.5% during the fourth quarter. AlphaQuest LLC now owns 2,173 shares of the company’s stock worth $52,000 after purchasing an additional 1,779 shares in the last quarter. Quantbot Technologies LP purchased a new stake in shares of Consensus Cloud Solutions during the 4th quarter worth approximately $81,000. Finally, SG Americas Securities LLC boosted its holdings in shares of Consensus Cloud Solutions by 19.8% in the 4th quarter. SG Americas Securities LLC now owns 7,509 shares of the company’s stock valued at $179,000 after buying an additional 1,240 shares in the last quarter. Hedge funds and other institutional investors own 93.93% of the company’s stock.

Consensus Cloud Solutions Price Performance

Shares of CCSI stock opened at $18.78 on Friday. Consensus Cloud Solutions, Inc. has a 1-year low of $11.62 and a 1-year high of $32.10. The firm’s 50-day simple moving average is $23.65 and its 200-day simple moving average is $24.12. The firm has a market cap of $366.70 million, a P/E ratio of 4.06 and a beta of 1.47.

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

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. Oppenheimer increased their price objective on Consensus Cloud Solutions from $27.00 to $32.00 and gave the company an “outperform” rating in a report on Thursday, February 20th. Citigroup upped their price target on shares of Consensus Cloud Solutions from $19.00 to $20.00 and gave the company a “sell” rating in a research report on Friday, January 17th. Two equities research analysts have rated the stock with a sell rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $27.40.

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.