Versor Investments LP Purchases New Holdings in Consensus Cloud Solutions, Inc. $CCSI

Versor Investments LP acquired a new position in shares of Consensus Cloud Solutions, Inc. (NASDAQ:CCSI) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 19,100 shares of the company’s stock, valued at approximately $561,000.

Several other large investors also recently added to or reduced their stakes in the company. Ballast Asset Management LP boosted its position in shares of Consensus Cloud Solutions by 2.1% in the third quarter. Ballast Asset Management LP now owns 120,457 shares of the company’s stock worth $3,538,000 after buying an additional 2,522 shares during the period. New York State Common Retirement Fund lifted its stake in Consensus Cloud Solutions by 8.2% in the 3rd quarter. New York State Common Retirement Fund now owns 94,736 shares of the company’s stock worth $2,782,000 after acquiring an additional 7,200 shares in the last quarter. One Wealth Advisors LLC purchased a new stake in Consensus Cloud Solutions in the 3rd quarter worth about $236,000. Ritholtz Wealth Management boosted its position in Consensus Cloud Solutions by 32.6% during the 3rd quarter. Ritholtz Wealth Management now owns 60,053 shares of the company’s stock worth $1,764,000 after acquiring an additional 14,752 shares during the period. Finally, SG Americas Securities LLC purchased a new position in Consensus Cloud Solutions during the 3rd quarter valued at about $420,000. 93.93% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. Wedbush raised their price target on shares of Consensus Cloud Solutions from $26.00 to $35.00 and gave the stock an “outperform” rating in a report on Thursday, November 6th. Weiss Ratings reissued a “hold (c)” rating on shares of Consensus Cloud Solutions in a research note on Wednesday, January 21st. Finally, Wall Street Zen upgraded shares of Consensus Cloud Solutions from a “hold” rating to a “buy” rating in a report on Sunday, November 16th. Two investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $33.50.

Consensus Cloud Solutions Price Performance

Shares of CCSI opened at $26.88 on Thursday. The company has a debt-to-equity ratio of 40.03, a quick ratio of 1.84 and a current ratio of 1.79. The firm has a market cap of $510.99 million, a PE ratio of 6.18 and a beta of 1.55. Consensus Cloud Solutions, Inc. has a twelve month low of $17.84 and a twelve month high of $30.08. The firm’s 50 day moving average price is $22.56 and its 200 day moving average price is $24.53.

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

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.