Invesco Ltd. Trims Position in Consensus Cloud Solutions, Inc. $CCSI

Invesco Ltd. trimmed its position in Consensus Cloud Solutions, Inc. (NASDAQ:CCSI) by 16.3% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 74,631 shares of the company’s stock after selling 14,564 shares during the period. Invesco Ltd. owned 0.38% of Consensus Cloud Solutions worth $1,722,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of CCSI. Wells Fargo & Company MN boosted its holdings in Consensus Cloud Solutions by 24.3% in the 4th quarter. Wells Fargo & Company MN now owns 11,777 shares of the company’s stock valued at $281,000 after purchasing an additional 2,303 shares during the period. Raymond James Financial Inc. bought a new position in Consensus Cloud Solutions in the 4th quarter valued at $692,000. Barclays PLC boosted its holdings in Consensus Cloud Solutions by 16.1% in the 4th quarter. Barclays PLC now owns 27,418 shares of the company’s stock valued at $654,000 after purchasing an additional 3,800 shares during the period. Dimensional Fund Advisors LP boosted its holdings in Consensus Cloud Solutions by 8.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 271,289 shares of the company’s stock valued at $6,473,000 after purchasing an additional 20,271 shares during the period. Finally, Price T Rowe Associates Inc. MD grew its holdings in shares of Consensus Cloud Solutions by 2.6% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 32,083 shares of the company’s stock worth $766,000 after purchasing an additional 820 shares in the last quarter. 93.93% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen raised Consensus Cloud Solutions from a “hold” rating to a “buy” rating in a report on Saturday, July 26th. Three research analysts have rated the stock with a Buy rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $27.40.

Consensus Cloud Solutions Price Performance

Shares of CCSI opened at $26.57 on Monday. The firm has a market cap of $504.30 million, a P/E ratio of 6.40 and a beta of 1.51. The stock has a 50 day simple moving average of $23.11 and a two-hundred day simple moving average of $22.78. Consensus Cloud Solutions, Inc. has a 1 year low of $17.84 and a 1 year high of $32.10.

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.