California State Teachers Retirement System Cuts Stock Holdings in Consensus Cloud Solutions, Inc. (NASDAQ:CCSI)

California State Teachers Retirement System lessened its holdings in Consensus Cloud Solutions, Inc. (NASDAQ:CCSI) by 7.8% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 18,284 shares of the company’s stock after selling 1,554 shares during the period. California State Teachers Retirement System owned about 0.10% of Consensus Cloud Solutions worth $290,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. GSA Capital Partners LLP lifted its holdings in Consensus Cloud Solutions by 323.3% during the first quarter. GSA Capital Partners LLP now owns 60,564 shares of the company’s stock worth $961,000 after buying an additional 46,255 shares during the period. Allspring Global Investments Holdings LLC lifted its stake in shares of Consensus Cloud Solutions by 3,943.4% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 114,549 shares of the company’s stock worth $1,817,000 after purchasing an additional 111,716 shares during the last quarter. Quantbot Technologies LP bought a new stake in Consensus Cloud Solutions during the first quarter valued at about $290,000. Trexquant Investment LP purchased a new position in Consensus Cloud Solutions in the fourth quarter valued at about $923,000. Finally, PNC Financial Services Group Inc. raised its holdings in Consensus Cloud Solutions by 132.0% in the fourth quarter. PNC Financial Services Group Inc. now owns 1,691 shares of the company’s stock worth $44,000 after purchasing an additional 962 shares in the last quarter. 93.93% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. Wedbush reaffirmed an “outperform” rating and issued a $24.00 price objective on shares of Consensus Cloud Solutions in a research report on Friday, May 10th. Oppenheimer lifted their price target on shares of Consensus Cloud Solutions from $20.00 to $23.00 and gave the stock an “outperform” rating in a report on Friday, August 9th.

Consensus Cloud Solutions Stock Performance

Shares of NASDAQ CCSI opened at $20.17 on Monday. Consensus Cloud Solutions, Inc. has a fifty-two week low of $11.62 and a fifty-two week high of $33.39. The company has a market cap of $387.67 million, a PE ratio of 4.45 and a beta of 1.35. The business has a 50-day simple moving average of $18.68 and a two-hundred day simple moving average of $17.07.

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.