Bridge City Capital LLC Acquires 1,245 Shares of Consensus Cloud Solutions, Inc. (NASDAQ:CCSI)

Bridge City Capital LLC boosted its holdings in shares of Consensus Cloud Solutions, Inc. (NASDAQ:CCSI) by 2.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 57,577 shares of the company’s stock after buying an additional 1,245 shares during the quarter. Bridge City Capital LLC owned approximately 0.30% of Consensus Cloud Solutions worth $913,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. PNC Financial Services Group Inc. raised its position in shares of Consensus Cloud Solutions by 132.0% in the 4th quarter. PNC Financial Services Group Inc. now owns 1,691 shares of the company’s stock worth $44,000 after acquiring an additional 962 shares in the last quarter. Aristides Capital LLC purchased a new stake in shares of Consensus Cloud Solutions during the fourth quarter valued at about $252,000. Trexquant Investment LP bought a new stake in shares of Consensus Cloud Solutions in the 4th quarter valued at about $923,000. Charles Schwab Investment Management Inc. grew its position in shares of Consensus Cloud Solutions by 13.2% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 269,965 shares of the company’s stock worth $7,076,000 after buying an additional 31,433 shares during the last quarter. Finally, Louisiana State Employees Retirement System bought a new position in shares of Consensus Cloud Solutions during the 4th quarter worth approximately $233,000. Institutional investors own 93.93% of the company’s stock.

Analyst Ratings Changes

CCSI has been the subject of several recent analyst reports. Wedbush restated an “outperform” rating and issued a $24.00 target price on shares of Consensus Cloud Solutions in a research note on Friday, May 10th. Oppenheimer dropped their target price on shares of Consensus Cloud Solutions from $29.00 to $20.00 and set an “outperform” rating on the stock in a research report on Thursday, May 9th.

Consensus Cloud Solutions Trading Down 1.6 %

Shares of CCSI stock traded down $0.27 during mid-day trading on Monday, reaching $16.53. The stock had a trading volume of 18,693 shares, compared to its average volume of 313,327. The firm has a market cap of $317.71 million, a price-to-earnings ratio of 3.68 and a beta of 1.38. The business’s fifty day moving average is $16.60 and its 200-day moving average is $18.23. Consensus Cloud Solutions, Inc. has a 1-year low of $11.62 and a 1-year high of $35.29.

Consensus Cloud Solutions (NASDAQ:CCSI) last posted its earnings results on Wednesday, May 8th. The company reported $1.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.06 by $0.30. Consensus Cloud Solutions had a net margin of 24.55% and a negative return on equity of 49.60%. The business had revenue of $88.15 million for the quarter, compared to analyst estimates of $87.29 million. On average, analysts forecast that Consensus Cloud Solutions, Inc. will post 4.51 earnings per share for the current year.

Consensus Cloud Solutions Profile

Consensus Cloud Solutions, Inc, together with its subsidiaries, provides information delivery services with a software-as-a-service platform worldwide. The company offers eFax Corporate, a digital cloud-fax technology; Unite, a single platform that allows the user to choose between various protocols to send and receive healthcare information and can integrate into an existing electronic health record system or stand-alone if no EHR is present.