Heron Bay Capital Management Takes Position in Consensus Cloud Solutions, Inc. $CCSI

Heron Bay Capital Management acquired a new position in shares of Consensus Cloud Solutions, Inc. (NASDAQ:CCSI) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 1,836,854 shares of the company’s stock, valued at approximately $70,076,000. Consensus Cloud Solutions makes up about 6.3% of Heron Bay Capital Management’s investment portfolio, making the stock its biggest position. Heron Bay Capital Management owned about 10.02% of Consensus Cloud Solutions at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in CCSI. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Consensus Cloud Solutions by 4.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,810 shares of the company’s stock worth $249,000 after buying an additional 468 shares during the period. First Trust Advisors LP grew its stake in Consensus Cloud Solutions by 0.9% in the third quarter. First Trust Advisors LP now owns 58,614 shares of the company’s stock valued at $1,721,000 after acquiring an additional 504 shares during the period. Franklin Resources Inc. grew its stake in Consensus Cloud Solutions by 3.9% in the third quarter. Franklin Resources Inc. now owns 14,066 shares of the company’s stock valued at $413,000 after acquiring an additional 529 shares during the period. Tower Research Capital LLC TRC increased its holdings in shares of 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 valued at $46,000 after acquiring an additional 570 shares in the last quarter. Finally, New York State Common Retirement Fund increased its holdings in shares of Consensus Cloud Solutions by 0.6% during the fourth quarter. New York State Common Retirement Fund now owns 95,336 shares of the company’s stock valued at $2,080,000 after acquiring an additional 600 shares in the last quarter. 93.93% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Consensus Cloud Solutions

In other Consensus Cloud Solutions news, Director Elaine Healy sold 4,000 shares of Consensus Cloud Solutions stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $34.27, for a total transaction of $137,080.00. Following the transaction, 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CTO Jeffrey Alan Sullivan sold 5,400 shares of Consensus Cloud Solutions stock in a transaction on Wednesday, August 12th. The stock was 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 $4,334,293.60. This represents a 4.49% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 3.65% of the stock is currently owned by company insiders.

Consensus Cloud Solutions Stock Performance

Shares of CCSI opened at $38.77 on Friday. The firm has a market capitalization of $710.46 million, a P/E ratio of 7.85 and a beta of 1.57. Consensus Cloud Solutions, Inc. has a 52 week low of $20.20 and a 52 week high of $41.40. The stock has a 50 day moving average price of $36.73 and a two-hundred day moving average price of $31.21. The company has a debt-to-equity ratio of 13.19, a quick ratio of 1.90 and a current ratio of 1.90.

Consensus Cloud Solutions (NASDAQ:CCSI) last posted its earnings results on Thursday, August 6th. The company reported $1.49 earnings per share for the quarter, beating analysts’ consensus estimates of $1.48 by $0.01. The company had revenue of $91.36 million for the quarter, compared to analyst estimates of $89.63 million. Consensus Cloud Solutions had a return on equity of 502.63% and a net margin of 26.69%.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. Equities analysts forecast that Consensus Cloud Solutions, Inc. will post 5.03 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages recently issued reports on CCSI. BTIG Research increased their target price on 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 restated a “hold (c+)” rating on shares of Consensus Cloud Solutions in a research note on Tuesday, August 4th. Oppenheimer upped their price objective on shares of Consensus Cloud Solutions from $35.00 to $40.00 and gave the stock an “outperform” rating in a report on Monday, August 10th. Finally, Wall Street Zen raised shares of Consensus Cloud Solutions from a “hold” rating to a “buy” rating in a research note on Sunday, May 17th. Three analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $41.67.

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.