LSV Asset Management increased its holdings in shares of Consensus Cloud Solutions, Inc. (NASDAQ:CCSI – Free Report) by 81.2% during the 4th quarter, Holdings Channel.com reports. The fund owned 716,585 shares of the company’s stock after buying an additional 321,200 shares during the period. LSV Asset Management’s holdings in Consensus Cloud Solutions were worth $15,636,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. State of Alaska Department of Revenue acquired a new stake in Consensus Cloud Solutions during the fourth quarter worth about $46,000. Tower Research Capital LLC TRC raised its stake 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. BNP Paribas Financial Markets raised its stake in Consensus Cloud Solutions by 104.9% during the third quarter. BNP Paribas Financial Markets now owns 3,793 shares of the company’s stock worth $111,000 after acquiring an additional 1,942 shares during the period. Quantbot Technologies LP acquired a new stake in Consensus Cloud Solutions during the second quarter worth about $112,000. Finally, Strs Ohio acquired a new stake in Consensus Cloud Solutions during the first quarter worth about $134,000. Institutional investors and hedge funds own 93.93% of the company’s stock.
Consensus Cloud Solutions Price Performance
Shares of NASDAQ:CCSI opened at $28.17 on Tuesday. The firm’s 50 day moving average is $26.84 and its two-hundred day moving average is $25.20. Consensus Cloud Solutions, Inc. has a 52 week low of $19.42 and a 52 week high of $37.30. The firm has a market capitalization of $518.33 million, a P/E ratio of 6.15 and a beta of 1.49. The company has a current ratio of 1.80, a quick ratio of 1.80 and a debt-to-equity ratio of 24.99.
Wall Street Analyst Weigh In
Several brokerages have commented on CCSI. Weiss Ratings upgraded shares of Consensus Cloud Solutions from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, May 7th. BTIG Research raised 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 upgraded shares of Consensus Cloud Solutions from a “hold” rating to a “buy” rating in a research note on Sunday, May 17th. Finally, Oppenheimer raised their price target on shares of Consensus Cloud Solutions from $32.00 to $35.00 and gave the company an “outperform” rating in a research note on Tuesday, May 12th. Three investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, Consensus Cloud Solutions has an average rating of “Moderate Buy” and an average price target of $36.67.
View Our Latest Analysis on CCSI
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.
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