Rice Hall James & Associates LLC acquired a new stake in shares of Consensus Cloud Solutions, Inc. (NASDAQ:CCSI – Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 205,889 shares of the company’s stock, valued at approximately $7,855,000. Rice Hall James & Associates LLC owned approximately 1.12% of Consensus Cloud Solutions as of its most recent SEC filing.
Other institutional investors also recently modified their holdings of the company. Quarry LP acquired a new stake in Consensus Cloud Solutions in the 4th quarter valued at $25,000. Tower Research Capital LLC TRC raised its holdings in Consensus Cloud Solutions by 40.5% during the second quarter. Tower Research Capital LLC TRC now owns 1,978 shares of the company’s stock worth $46,000 after buying an additional 570 shares during the last quarter. State of Alaska Department of Revenue acquired a new position in Consensus Cloud Solutions during the fourth quarter worth $46,000. BNP Paribas Financial Markets lifted 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 valued at $111,000 after buying an additional 1,942 shares in the last quarter. Finally, Quantbot Technologies LP bought a new position in shares of Consensus Cloud Solutions in the second quarter valued at $112,000. 93.93% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
A number of research analysts have recently issued reports on CCSI shares. Wall Street Zen upgraded shares of Consensus Cloud Solutions from a “hold” rating to a “buy” rating in a report on Sunday, May 17th. BTIG Research upped their target price on shares of Consensus Cloud Solutions from $45.00 to $50.00 and gave the stock a “buy” rating in a report on Monday, August 10th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Consensus Cloud Solutions in a research report on Tuesday, August 4th. Finally, Oppenheimer lifted their price target on Consensus Cloud Solutions from $35.00 to $40.00 and gave the company an “outperform” rating in a research note on Monday, August 10th. Three research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $41.67.
Consensus Cloud Solutions Price Performance
Shares of NASDAQ:CCSI opened at $36.84 on Tuesday. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 13.19. The stock’s fifty day simple moving average is $36.45 and its two-hundred day simple moving average is $30.81. Consensus Cloud Solutions, Inc. has a 1-year low of $20.20 and a 1-year high of $41.40. The stock has a market cap of $675.28 million, a PE ratio of 7.46 and a beta of 1.57.
Consensus Cloud Solutions (NASDAQ:CCSI – Get Free Report) last posted its earnings results on Thursday, August 6th. The company reported $1.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.48 by $0.01. The firm had revenue of $91.36 million during the quarter, compared to analyst estimates of $89.63 million. Consensus Cloud Solutions had a net margin of 26.69% and a return on equity of 502.63%. Consensus Cloud Solutions has set its Q3 2026 guidance at 1.340-1.440 EPS and its FY 2026 guidance at 5.550-5.950 EPS. As a group, analysts forecast that Consensus Cloud Solutions, Inc. will post 5.08 EPS for the current fiscal year.
Insider Activity
In related news, CTO Jeffrey Alan Sullivan sold 5,400 shares of the business’s stock in a transaction dated Wednesday, August 12th. The shares were sold at an average price of $37.70, for a total transaction of $203,580.00. Following the transaction, the chief technology officer directly owned 114,968 shares in the company, valued at approximately $4,334,293.60. The trade was a 4.49% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Elaine Healy sold 4,000 shares of the company’s stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $34.27, for a total transaction of $137,080.00. Following the completion of the sale, the director directly owned 27,658 shares of the company’s stock, valued at $947,839.66. The trade was a 12.64% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 3.65% of the stock is currently owned by insiders.
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.
Further Reading
- Five stocks we like better than Consensus Cloud Solutions
- Commodities Are Booming, But These 3 ETFs Tell Different Stories
- 3 Active ETFs Making Big Moves in August
- This ETF Is Outperforming by Avoiding the S&P 500’s Biggest Problem
- Birkenstock Beats the Skeptics—But Not on EPS
Want to see what other hedge funds are holding CCSI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Consensus Cloud Solutions, Inc. (NASDAQ:CCSI – Free Report).
Receive News & Ratings for Consensus Cloud Solutions Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Consensus Cloud Solutions and related companies with MarketBeat.com's FREE daily email newsletter.
