Principal Financial Group Inc. Takes Position in Consensus Cloud Solutions, Inc. $CCSI

Principal Financial Group Inc. purchased a new stake in Consensus Cloud Solutions, Inc. (NASDAQ:CCSI) in the first quarter, Holdings Channel.com reports. The firm purchased 37,492 shares of the company’s stock, valued at approximately $890,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Quarry LP acquired a new position in Consensus Cloud Solutions during the 4th quarter worth about $25,000. Tower Research Capital LLC TRC increased its position in Consensus Cloud Solutions by 40.5% in the 2nd quarter. Tower Research Capital LLC TRC now owns 1,978 shares of the company’s stock valued at $46,000 after acquiring an additional 570 shares in the last quarter. State of Alaska Department of Revenue acquired a new stake in Consensus Cloud Solutions in the 4th quarter valued at about $46,000. BNP Paribas Financial Markets raised its stake in shares of Consensus Cloud Solutions by 104.9% in the third quarter. BNP Paribas Financial Markets now owns 3,793 shares of the company’s stock worth $111,000 after acquiring an additional 1,942 shares during the last quarter. Finally, Quantbot Technologies LP bought a new position in shares of Consensus Cloud Solutions in the second quarter worth about $112,000. Institutional investors and hedge funds own 93.93% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on CCSI shares. BTIG Research upped their target price on shares of Consensus Cloud Solutions from $40.00 to $45.00 and gave the stock a “buy” rating in a research report on Friday, July 24th. Wall Street Zen raised shares of Consensus Cloud Solutions from a “hold” rating to a “buy” rating in a report on Sunday, May 17th. Oppenheimer boosted their price objective on shares of Consensus Cloud Solutions from $32.00 to $35.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 12th. Finally, Weiss Ratings raised Consensus Cloud Solutions from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, May 7th. Three equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $38.33.

Consensus Cloud Solutions Price Performance

Shares of CCSI stock opened at $36.40 on Friday. The firm has a market cap of $669.76 million, a price-to-earnings ratio of 7.95 and a beta of 1.56. Consensus Cloud Solutions, Inc. has a 12 month low of $19.42 and a 12 month high of $41.40. The company has a quick ratio of 1.80, a current ratio of 1.80 and a debt-to-equity ratio of 24.99. The stock has a 50-day moving average price of $35.38 and a 200 day moving average price of $29.55.

Consensus Cloud Solutions (NASDAQ:CCSI) last released its earnings results on Thursday, May 7th. The company reported $1.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.40 by $0.12. Consensus Cloud Solutions had a net margin of 25.09% and a return on equity of 5,736.13%. The company had revenue of $88.47 million for the quarter, compared to the consensus estimate of $87.34 million. Consensus Cloud Solutions has set its Q2 2026 guidance at 1.430-1.530 EPS and its FY 2026 guidance at 5.550-5.950 EPS. Research analysts expect that Consensus Cloud Solutions, Inc. will post 5.08 EPS for the current year.

Insiders Place Their Bets

In related news, Director Elaine Healy sold 4,000 shares of the stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $34.27, for a total value of $137,080.00. Following the transaction, the director directly owned 27,658 shares in the company, valued at $947,839.66. This represents a 12.64% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 3.65% of the stock is owned by corporate insiders.

About Consensus Cloud Solutions

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.