Lazard Asset Management LLC Purchases 47,872 Shares of Consensus Cloud Solutions, Inc. $CCSI

Lazard Asset Management LLC grew its position in Consensus Cloud Solutions, Inc. (NASDAQ:CCSI) by 223.4% during the 1st quarter, Holdings Channel.com reports. The firm owned 69,299 shares of the company’s stock after purchasing an additional 47,872 shares during the period. Lazard Asset Management LLC’s holdings in Consensus Cloud Solutions were worth $1,645,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Consensus Cloud Solutions by 4.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,810 shares of the company’s stock valued at $249,000 after purchasing an additional 468 shares during the period. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Consensus Cloud Solutions by 4.3% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 11,499 shares of the company’s stock valued at $245,000 after buying an additional 473 shares during the period. First Trust Advisors LP boosted its stake in shares of Consensus Cloud Solutions by 0.9% in the third quarter. First Trust Advisors LP now owns 58,614 shares of the company’s stock worth $1,721,000 after buying an additional 504 shares during the last quarter. Franklin Resources Inc. boosted its stake in shares of Consensus Cloud Solutions by 3.9% in the third quarter. Franklin Resources Inc. now owns 14,066 shares of the company’s stock worth $413,000 after buying an additional 529 shares during the last quarter. Finally, Tower Research Capital LLC TRC grew 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 acquiring an additional 570 shares during the period. Institutional investors own 93.93% of the company’s stock.

Consensus Cloud Solutions Stock Performance

CCSI stock opened at $37.52 on Tuesday. Consensus Cloud Solutions, Inc. has a 1 year low of $19.63 and a 1 year high of $41.40. The stock has a market capitalization of $690.37 million, a price-to-earnings ratio of 8.19 and a beta of 1.57. The company has a debt-to-equity ratio of 24.99, a quick ratio of 1.80 and a current ratio of 1.80. The stock’s fifty day moving average is $35.57 and its two-hundred day moving average is $29.70.

Consensus Cloud Solutions (NASDAQ:CCSI) last released its quarterly earnings results on Thursday, May 7th. The company reported $1.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.40 by $0.12. Consensus Cloud Solutions had a return on equity of 5,736.13% and a net margin of 25.09%.The company had revenue of $88.47 million during the quarter, compared to analysts’ expectations 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. On average, research analysts predict that Consensus Cloud Solutions, Inc. will post 5.08 EPS for the current year.

Insiders Place Their Bets

In other Consensus Cloud Solutions news, Director Elaine Healy sold 4,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $34.27, for a total value of $137,080.00. Following the completion of the sale, 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 transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 3.65% of the stock is owned by company insiders.

Analysts Set New Price Targets

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

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.