GSA Capital Partners LLP Decreases Holdings in Consensus Cloud Solutions, Inc. $CCSI

GSA Capital Partners LLP lowered its stake in shares of Consensus Cloud Solutions, Inc. (NASDAQ:CCSI) by 53.4% in the 3rd quarter, HoldingsChannel reports. The firm owned 23,677 shares of the company’s stock after selling 27,100 shares during the quarter. GSA Capital Partners LLP’s holdings in Consensus Cloud Solutions were worth $695,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Heron Bay Capital Management raised its stake in shares of Consensus Cloud Solutions by 21.3% in the second quarter. Heron Bay Capital Management now owns 1,178,746 shares of the company’s stock valued at $27,182,000 after buying an additional 207,072 shares during the period. Geode Capital Management LLC raised its stake in Consensus Cloud Solutions by 7.7% in the 2nd quarter. Geode Capital Management LLC now owns 505,506 shares of the company’s stock valued at $11,659,000 after acquiring an additional 36,357 shares during the period. New South Capital Management Inc. lifted its holdings in Consensus Cloud Solutions by 38.6% during the third quarter. New South Capital Management Inc. now owns 429,574 shares of the company’s stock valued at $12,617,000 after purchasing an additional 119,580 shares during the last quarter. LSV Asset Management boosted its position in Consensus Cloud Solutions by 6.1% during the third quarter. LSV Asset Management now owns 395,385 shares of the company’s stock worth $11,612,000 after purchasing an additional 22,884 shares during the period. Finally, Arrowstreet Capital Limited Partnership increased its stake in shares of Consensus Cloud Solutions by 6.6% in the second quarter. Arrowstreet Capital Limited Partnership now owns 305,407 shares of the company’s stock worth $7,043,000 after purchasing an additional 18,988 shares in the last quarter. 93.93% of the stock is owned by institutional investors.

Consensus Cloud Solutions Stock Up 3.9%

CCSI opened at $29.87 on Friday. The firm has a market capitalization of $563.65 million, a P/E ratio of 6.87 and a beta of 1.55. Consensus Cloud Solutions, Inc. has a one year low of $17.84 and a one year high of $30.23. The company has a fifty day moving average price of $23.37 and a 200-day moving average price of $24.94. The company has a debt-to-equity ratio of 40.03, a current ratio of 1.79 and a quick ratio of 1.84.

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

Wall Street Analyst Weigh In

A number of brokerages recently commented on CCSI. BTIG Research upped their price target on shares of Consensus Cloud Solutions from $37.00 to $40.00 and gave the company a “buy” rating in a research note on Tuesday, February 17th. Wall Street Zen raised Consensus Cloud Solutions from a “hold” rating to a “buy” rating in a report on Sunday, November 16th. Wedbush lifted their price target on Consensus Cloud Solutions from $26.00 to $35.00 and gave the company an “outperform” rating in a research report on Thursday, November 6th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Consensus Cloud Solutions in a report on Wednesday, January 21st. Two equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price 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.