Consensus Cloud Solutions, Inc. (NASDAQ:CCSI) Shares Sold by Man Group plc

Man Group plc decreased its position in Consensus Cloud Solutions, Inc. (NASDAQ:CCSI) by 14.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 18,797 shares of the company’s stock after selling 3,086 shares during the period. Man Group plc owned approximately 0.10% of Consensus Cloud Solutions worth $448,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Janus Henderson Group PLC raised its stake in shares of Consensus Cloud Solutions by 3.0% during the fourth quarter. Janus Henderson Group PLC now owns 2,453,463 shares of the company’s stock valued at $58,540,000 after purchasing an additional 72,589 shares in the last quarter. Gates Capital Management Inc. raised its position in shares of Consensus Cloud Solutions by 1.0% during the 4th quarter. Gates Capital Management Inc. now owns 1,613,501 shares of the company’s stock worth $38,498,000 after buying an additional 16,245 shares in the last quarter. Vanguard Group Inc. raised its position in shares of Consensus Cloud Solutions by 1.2% during the 4th quarter. Vanguard Group Inc. now owns 1,511,942 shares of the company’s stock worth $36,075,000 after buying an additional 18,407 shares in the last quarter. Heron Bay Capital Management lifted its stake in shares of Consensus Cloud Solutions by 3.5% in the 4th quarter. Heron Bay Capital Management now owns 965,314 shares of the company’s stock worth $23,032,000 after acquiring an additional 32,482 shares during the period. Finally, AQR Capital Management LLC boosted its holdings in shares of Consensus Cloud Solutions by 2.0% in the fourth quarter. AQR Capital Management LLC now owns 629,377 shares of the company’s stock valued at $14,935,000 after acquiring an additional 12,332 shares in the last quarter. Institutional investors and hedge funds own 93.93% of the company’s stock.

Consensus Cloud Solutions Price Performance

NASDAQ CCSI opened at $21.37 on Tuesday. Consensus Cloud Solutions, Inc. has a fifty-two week low of $15.81 and a fifty-two week high of $32.10. The firm has a market cap of $417.59 million, a P/E ratio of 4.63 and a beta of 1.48. The stock’s 50-day moving average is $21.34 and its two-hundred day moving average is $23.99.

Analyst Upgrades and Downgrades

Separately, Oppenheimer upped their target price on Consensus Cloud Solutions from $27.00 to $32.00 and gave the stock an “outperform” rating in a research report on Thursday, February 20th. Two investment analysts have rated the stock with a sell rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $27.40.

Consensus Cloud Solutions 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.