JPMorgan Chase & Co. Has $7.79 Million Position in Consensus Cloud Solutions, Inc. $CCSI

JPMorgan Chase & Co. cut its holdings in Consensus Cloud Solutions, Inc. (NASDAQ:CCSI) by 8.9% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 265,156 shares of the company’s stock after selling 26,016 shares during the period. JPMorgan Chase & Co.’s holdings in Consensus Cloud Solutions were worth $7,788,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Consensus Cloud Solutions by 4.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,810 shares of the company’s stock worth $249,000 after purchasing an additional 468 shares during the period. First Trust Advisors LP lifted 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 buying an additional 504 shares during the period. Franklin Resources Inc. lifted 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 buying an additional 529 shares during the period. Tower Research Capital LLC TRC boosted its holdings in shares of Consensus Cloud Solutions by 40.5% during the 2nd 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 in the last quarter. Finally, Mariner LLC grew its position in shares of Consensus Cloud Solutions by 6.5% during the 3rd quarter. Mariner LLC now owns 12,636 shares of the company’s stock worth $371,000 after buying an additional 768 shares during the period. Institutional investors own 93.93% of the company’s stock.

Consensus Cloud Solutions Stock Down 3.2%

Shares of NASDAQ CCSI opened at $23.66 on Tuesday. The company has a debt-to-equity ratio of 40.03, a current ratio of 1.79 and a quick ratio of 1.79. The company has a 50-day moving average price of $26.61 and a 200-day moving average price of $25.45. The stock has a market capitalization of $446.46 million, a P/E ratio of 5.44 and a beta of 1.46. Consensus Cloud Solutions, Inc. has a 1 year low of $17.84 and a 1 year high of $31.67.

Consensus Cloud Solutions (NASDAQ:CCSI) last issued its quarterly earnings data on Monday, February 9th. The company reported $1.41 EPS for the quarter, topping the consensus estimate of $1.31 by $0.10. The firm had revenue of $87.07 million during the quarter, compared to the consensus estimate of $86.62 million. Consensus Cloud Solutions had a negative return on equity of 579.06% and a net margin of 24.17%. On average, equities research analysts forecast that Consensus Cloud Solutions, Inc. will post 5.17 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on CCSI shares. Weiss Ratings reiterated a “hold (c)” rating on shares of Consensus Cloud Solutions in a research note on Wednesday, January 21st. BTIG Research increased their target price on shares of Consensus Cloud Solutions from $37.00 to $40.00 and gave the stock a “buy” rating in a research note on Tuesday, February 17th. Two analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $37.50.

Consensus Cloud Solutions 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.