R Squared Ltd Takes $42,000 Position in Consensus Cloud Solutions, Inc. (NASDAQ:CCSI)

R Squared Ltd acquired a new stake in Consensus Cloud Solutions, Inc. (NASDAQ:CCSI) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 1,760 shares of the company’s stock, valued at approximately $42,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Janus Henderson Group PLC lifted its stake in shares of Consensus Cloud Solutions by 26.4% during the 3rd 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. State Street Corp lifted its stake in shares of Consensus Cloud Solutions by 15.1% during the 3rd quarter. State Street Corp now owns 450,415 shares of the company’s stock worth $10,607,000 after buying an additional 59,219 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Consensus Cloud Solutions by 1.3% during the 3rd quarter. Geode Capital Management LLC now owns 421,123 shares of the company’s stock worth $9,920,000 after buying an additional 5,299 shares during the last quarter. Rice Hall James & Associates LLC raised its stake in Consensus Cloud Solutions by 7.1% in the 3rd quarter. Rice Hall James & Associates LLC now owns 217,086 shares of the company’s stock worth $5,112,000 after purchasing an additional 14,406 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its stake in Consensus Cloud Solutions by 223.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 197,456 shares of the company’s stock worth $4,650,000 after purchasing an additional 136,349 shares in the last quarter. Institutional investors own 93.93% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the stock. BTIG Research lifted their price objective on shares of Consensus Cloud Solutions from $30.00 to $32.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. Citigroup lifted their price objective on shares of Consensus Cloud Solutions from $19.00 to $20.00 and gave the stock a “sell” rating in a research note on Friday, January 17th. Wedbush lifted their price objective 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. Finally, Oppenheimer lifted their price objective on shares of Consensus Cloud Solutions from $23.00 to $27.00 and gave the stock an “outperform” rating in a research note on Friday, November 8th. Two analysts have rated the stock with a sell rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $26.40.

Consensus Cloud Solutions Trading Down 0.3 %

Shares of NASDAQ:CCSI opened at $28.32 on Monday. The firm has a 50 day moving average of $24.99 and a 200-day moving average of $23.15. The stock has a market capitalization of $546.58 million, a PE ratio of 6.20 and a beta of 1.41. Consensus Cloud Solutions, Inc. has a 12 month low of $11.62 and a 12 month 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.