Teacher Retirement System of Texas bought a new stake in Consensus Cloud Solutions, Inc. (NASDAQ:CCSI – Get Rating) in the 3rd quarter, according to its most recent disclosure with the SEC. The fund bought 17,068 shares of the company's stock, valued at approximately $807,000. Teacher Retirement System of Texas owned approximately 0.09% of Consensus Cloud Solutions at the end of the most recent reporting period.
Several other institutional investors also recently bought and sold shares of the company. BlackRock Inc. acquired a new position in Consensus Cloud Solutions in the 1st quarter valued at about $152,334,000. Vanguard Group Inc. purchased a new position in shares of Consensus Cloud Solutions in the 1st quarter valued at about $104,765,000. Macquarie Group Ltd. boosted its stake in shares of Consensus Cloud Solutions by 64.3% in the 2nd quarter. Macquarie Group Ltd. now owns 907,388 shares of the company's stock valued at $39,646,000 after buying an additional 355,032 shares during the period. State Street Corp boosted its stake in shares of Consensus Cloud Solutions by 2.4% in the 2nd quarter. State Street Corp now owns 656,532 shares of the company's stock valued at $28,677,000 after buying an additional 15,224 shares during the period. Finally, Invesco Ltd. purchased a new position in shares of Consensus Cloud Solutions in the 1st quarter valued at about $28,250,000. 92.79% of the stock is owned by institutional investors and hedge funds.
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CCSI stock opened at $59.21 on Friday. The business has a 50 day moving average price of $55.93 and a 200 day moving average price of $54.02. The stock has a market cap of $1.17 billion, a price-to-earnings ratio of 19.22 and a beta of 1.31. Consensus Cloud Solutions, Inc. has a fifty-two week low of $37.75 and a fifty-two week high of $65.68.
Consensus Cloud Solutions (NASDAQ:CCSI – Get Rating) last issued its quarterly earnings data 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 net margin of 16.73% and a negative return on equity of 30.15%. The firm had revenue of $95.91 million during the quarter, compared to analysts' expectations of $96.41 million. As a group, sell-side analysts anticipate that Consensus Cloud Solutions, Inc. will post 3.66 EPS for the current year.Wall Street Analyst Weigh In
Separately, JPMorgan Chase & Co. started coverage on Consensus Cloud Solutions in a research note on Monday, November 21st. They set a "neutral" rating and a $54.00 target price for the company.
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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