LSV Asset Management decreased its position in Consensus Cloud Solutions, Inc. (NASDAQ:CCSI – Get Rating) by 1.2% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 414,039 shares of the company's stock after selling 4,931 shares during the quarter. LSV Asset Management owned approximately 2.09% of Consensus Cloud Solutions worth $19,584,000 as of its most recent SEC filing.
A number of other institutional investors also recently modified their holdings of the company. Texas Permanent School Fund raised its position in shares of Consensus Cloud Solutions by 2.4% in the second quarter. Texas Permanent School Fund now owns 11,562 shares of the company's stock valued at $505,000 after purchasing an additional 274 shares during the period. Los Angeles Capital Management LLC increased its position in Consensus Cloud Solutions by 2.2% during the second quarter. Los Angeles Capital Management LLC now owns 15,948 shares of the company's stock worth $697,000 after acquiring an additional 340 shares during the period. Credit Suisse AG increased its position in Consensus Cloud Solutions by 3.4% during the second quarter. Credit Suisse AG now owns 11,626 shares of the company's stock worth $507,000 after acquiring an additional 379 shares during the period. Mutual of America Capital Management LLC increased its position in Consensus Cloud Solutions by 17.2% during the second quarter. Mutual of America Capital Management LLC now owns 2,687 shares of the company's stock worth $117,000 after acquiring an additional 394 shares during the period. Finally, Brown Brothers Harriman & Co. bought a new position in Consensus Cloud Solutions during the first quarter worth $25,000. Institutional investors own 92.79% of the company's stock.
Get Consensus Cloud Solutions alerts:Consensus Cloud Solutions Trading Up 1.0 %
Shares of CCSI stock opened at $59.36 on Thursday. Consensus Cloud Solutions, Inc. has a 1 year low of $37.75 and a 1 year high of $65.68. The firm's fifty day simple moving average is $55.86 and its 200 day simple moving average is $53.94. The firm has a market capitalization of $1.18 billion, a P/E ratio of 19.27 and a beta of 1.31.
Consensus Cloud Solutions (NASDAQ:CCSI – Get Rating) last posted its quarterly earnings results on Thursday, November 10th. The company reported $0.86 earnings per share for the quarter, missing analysts' consensus estimates of $1.07 by ($0.21). Consensus Cloud Solutions had a negative return on equity of 30.15% and a net margin of 16.73%. The business had revenue of $95.91 million for the quarter, compared to analyst estimates of $96.41 million. Equities research analysts anticipate that Consensus Cloud Solutions, Inc. will post 3.66 EPS for the current fiscal year.Analyst Upgrades and Downgrades
Separately, JPMorgan Chase & Co. initiated coverage on shares of Consensus Cloud Solutions in a research report on Monday, November 21st. They set a "neutral" rating and a $54.00 target price on the stock.
About Consensus Cloud Solutions
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Consensus Cloud Solutions, Inc, together with its subsidiaries, provides information delivery services with a software-as-a-service platform worldwide. Its products and solutions include eFax, an online faxing solution, as well as MyFax, MetroFax, Sfax, SRfax, and other brands; eFax Corporate, a digital cloud-fax technology; jsign, which provides electronic and digital signature solutions; Unite, a single platform that allows the user to choose between several protocols to send and receive healthcare information in an environment that can integrate into an existing electronic health record (EHR) system or stand-alone if no EHR is present; Signal, a solution that integrates with a hospital's EHR system and uses rules-based triggering logic to automatically send admit, discharge, and transfer notifications using cloud fax and direct secure messaging technology; and Clarity that transforms unstructured documents into structured actionable data.
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