SG Americas Securities LLC boosted its holdings in Consensus Cloud Solutions, Inc. (NASDAQ:CCSI – Free Report) by 255.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 50,909 shares of the company’s stock after purchasing an additional 36,596 shares during the quarter. SG Americas Securities LLC’s holdings in Consensus Cloud Solutions were worth $1,111,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. New South Capital Management Inc. raised its position in Consensus Cloud Solutions by 38.6% in the 3rd quarter. New South Capital Management Inc. now owns 429,574 shares of the company’s stock valued at $12,617,000 after purchasing an additional 119,580 shares during the last quarter. Hillsdale Investment Management Inc. raised its position in Consensus Cloud Solutions by 39.8% in the 3rd quarter. Hillsdale Investment Management Inc. now owns 197,902 shares of the company’s stock valued at $5,812,000 after purchasing an additional 56,308 shares during the last quarter. Denali Advisors LLC raised its position in Consensus Cloud Solutions by 13.6% in the 3rd quarter. Denali Advisors LLC now owns 277,038 shares of the company’s stock valued at $8,137,000 after purchasing an additional 33,198 shares during the last quarter. Heron Bay Capital Management raised its position in Consensus Cloud Solutions by 2.1% in the 3rd quarter. Heron Bay Capital Management now owns 1,203,726 shares of the company’s stock valued at $35,353,000 after purchasing an additional 24,980 shares during the last quarter. Finally, Kennondale Capital Management LLC raised its position in Consensus Cloud Solutions by 42.4% in the 3rd quarter. Kennondale Capital Management LLC now owns 58,593 shares of the company’s stock valued at $1,721,000 after purchasing an additional 17,460 shares during the last quarter. Hedge funds and other institutional investors own 93.93% of the company’s stock.
Consensus Cloud Solutions Stock Performance
Shares of CCSI opened at $24.90 on Thursday. The company has a 50-day simple moving average of $26.98 and a 200-day simple moving average of $25.27. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 40.03. The company has a market capitalization of $469.86 million, a PE ratio of 5.72 and a beta of 1.54. Consensus Cloud Solutions, Inc. has a 52-week low of $17.84 and a 52-week high of $31.67.
Analysts Set New Price Targets
Several analysts recently commented on CCSI shares. Weiss Ratings reiterated a “hold (c)” rating on shares of Consensus Cloud Solutions in a research report on Wednesday, January 21st. BTIG Research upped their price target on shares of Consensus Cloud Solutions from $37.00 to $40.00 and gave the company a “buy” rating in a research report on Tuesday, February 17th. Finally, Wall Street Zen downgraded shares of Consensus Cloud Solutions from a “buy” rating to a “hold” rating in a research report on Saturday, April 4th. Two research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $37.50.
Check Out Our Latest Analysis on CCSI
Consensus Cloud Solutions Company Profile
Consensus Cloud Solutions (NASDAQ: CCSI) is a provider of cloud consulting and managed services focused on helping organizations accelerate digital transformation. The company specializes in designing, deploying and supporting cloud architectures that leverage leading public and private cloud platforms, including infrastructure as a service (IaaS), platform as a service (PaaS) and software as a service (SaaS) environments. Its end-to-end approach encompasses strategy, implementation and ongoing optimization to align technology investments with business objectives.
The firm’s core offerings include cloud migration and deployment, application modernization, data analytics and cybersecurity solutions.
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