XTX Topco Ltd Reduces Stock Position in Consensus Cloud Solutions, Inc. (NASDAQ:CCSI)

XTX Topco Ltd lessened its stake in Consensus Cloud Solutions, Inc. (NASDAQ:CCSI) by 69.3% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 11,431 shares of the company’s stock after selling 25,801 shares during the period. XTX Topco Ltd owned approximately 0.06% of Consensus Cloud Solutions worth $196,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. GSA Capital Partners LLP lifted its holdings in Consensus Cloud Solutions by 323.3% in the first quarter. GSA Capital Partners LLP now owns 60,564 shares of the company’s stock valued at $961,000 after acquiring an additional 46,255 shares during the period. Allspring Global Investments Holdings LLC grew its position in Consensus Cloud Solutions by 3,943.4% during the first quarter. Allspring Global Investments Holdings LLC now owns 114,549 shares of the company’s stock valued at $1,817,000 after buying an additional 111,716 shares during the period. Denali Advisors LLC bought a new position in Consensus Cloud Solutions in the second quarter worth approximately $1,051,000. Quantbot Technologies LP purchased a new position in shares of Consensus Cloud Solutions during the 1st quarter worth $290,000. Finally, CWM LLC boosted its stake in shares of Consensus Cloud Solutions by 388.4% during the 2nd quarter. CWM LLC now owns 8,792 shares of the company’s stock worth $151,000 after acquiring an additional 6,992 shares during the last quarter. 93.93% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the company. BTIG Research upgraded Consensus Cloud Solutions from a “neutral” rating to a “buy” rating and set a $30.00 target price on the stock in a research report on Wednesday, August 21st. Oppenheimer increased their target price 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. Finally, JPMorgan Chase & Co. downgraded shares of 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 report on Monday, September 9th. Two equities research analysts have rated the stock with a sell rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $23.60.

Consensus Cloud Solutions Trading Down 1.4 %

Shares of CCSI opened at $23.62 on Monday. Consensus Cloud Solutions, Inc. has a 12-month low of $11.62 and a 12-month high of $28.09. The company has a market capitalization of $453.98 million, a PE ratio of 5.21 and a beta of 1.38. The business’s 50 day moving average is $21.79 and its 200 day moving average is $18.18.

Consensus Cloud Solutions (NASDAQ:CCSI) last released its earnings results on Thursday, August 8th. The company reported $1.26 EPS for the quarter, topping the consensus estimate of $1.11 by $0.15. The firm had revenue of $87.50 million for the quarter, compared to the consensus estimate of $87.10 million. Consensus Cloud Solutions had a net margin of 25.72% and a negative return on equity of 57.77%. Equities research analysts predict that Consensus Cloud Solutions, Inc. will post 4.86 earnings per share for the current year.

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.