State Street Corp Buys 59,219 Shares of Consensus Cloud Solutions, Inc. (NASDAQ:CCSI)

State Street Corp increased its position in shares of Consensus Cloud Solutions, Inc. (NASDAQ:CCSI) by 15.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 450,415 shares of the company’s stock after acquiring an additional 59,219 shares during the quarter. State Street Corp’s holdings in Consensus Cloud Solutions were worth $10,607,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the business. Janus Henderson Group PLC boosted its holdings in Consensus Cloud Solutions by 26.4% during the third quarter. Janus Henderson Group PLC now owns 2,380,874 shares of the company’s stock worth $56,070,000 after buying an additional 498,010 shares during the last quarter. Marshall Wace LLP raised its position in shares of Consensus Cloud Solutions by 437.2% during the second quarter. Marshall Wace LLP now owns 682,669 shares of the company’s stock worth $11,728,000 after purchasing an additional 555,584 shares during the period. AQR Capital Management LLC raised its position in shares of Consensus Cloud Solutions by 115.4% during the second quarter. AQR Capital Management LLC now owns 672,803 shares of the company’s stock worth $11,041,000 after purchasing an additional 360,476 shares during the period. Rice Hall James & Associates LLC lifted its holdings in shares of Consensus Cloud Solutions by 7.1% during the 3rd quarter. Rice Hall James & Associates LLC now owns 217,086 shares of the company’s stock valued at $5,112,000 after purchasing an additional 14,406 shares in the last quarter. Finally, Integrated Investment Consultants LLC grew its position in shares of Consensus Cloud Solutions by 14.7% in the 3rd quarter. Integrated Investment Consultants LLC now owns 155,857 shares of the company’s stock valued at $3,670,000 after purchasing an additional 19,948 shares during the period. 93.93% of the stock is currently owned by institutional investors and hedge funds.

Consensus Cloud Solutions Trading Up 3.0 %

Shares of CCSI opened at $24.28 on Friday. The stock has a market capitalization of $468.70 million, a price-to-earnings 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 fifty day simple moving average of $23.94 and a 200 day simple moving average of $21.64.

Analysts Set New Price Targets

Several analysts have commented on CCSI shares. BTIG Research raised their target price on shares of Consensus Cloud Solutions from $30.00 to $32.00 and gave the stock a “buy” rating in a report on Monday, November 11th. Oppenheimer raised their price objective on shares of Consensus Cloud Solutions from $23.00 to $27.00 and gave the stock an “outperform” rating in a report on Friday, November 8th. Wedbush upped their target price on shares of Consensus Cloud Solutions from $24.00 to $32.00 and gave the stock an “outperform” rating in a research note on Friday, November 8th. JPMorgan Chase & Co. downgraded Consensus Cloud Solutions from a “neutral” rating to an “underweight” rating and lifted their price target for the company from $19.00 to $21.00 in a research note on Monday, September 9th. Finally, Citigroup upped their price objective on Consensus Cloud Solutions from $17.00 to $19.00 and gave the stock a “sell” rating in a research report on Tuesday, November 19th. Two investment analysts have rated the stock with a sell rating and three have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $26.20.

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.