National Bank of Canada FI Makes New Investment in Consensus Cloud Solutions, Inc. (NASDAQ:CCSI)

National Bank of Canada FI bought a new stake in shares of Consensus Cloud Solutions, Inc. (NASDAQ:CCSI) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 2,000 shares of the company’s stock, valued at approximately $33,000.

Other institutional investors have also recently made changes to their positions in the company. GSA Capital Partners LLP raised its position in Consensus Cloud Solutions by 323.3% during the first quarter. GSA Capital Partners LLP now owns 60,564 shares of the company’s stock valued at $961,000 after purchasing an additional 46,255 shares during the period. Allspring Global Investments Holdings LLC increased its position in shares of Consensus Cloud Solutions by 3,943.4% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 114,549 shares of the company’s stock valued at $1,817,000 after purchasing an additional 111,716 shares during the last quarter. Quantbot Technologies LP purchased a new stake in Consensus Cloud Solutions during the 1st quarter valued at $290,000. CWM LLC lifted its position in Consensus Cloud Solutions by 388.4% in the second quarter. CWM LLC now owns 8,792 shares of the company’s stock worth $151,000 after buying an additional 6,992 shares during the last quarter. Finally, Trexquant Investment LP purchased a new position in Consensus Cloud Solutions during the fourth quarter worth $923,000. Institutional investors own 93.93% of the company’s stock.

Wall Street Analyst Weigh In

CCSI has been the subject of several analyst reports. BTIG Research upgraded shares of Consensus Cloud Solutions from a “neutral” rating to a “buy” rating and set a $30.00 target price for the company in a report on Wednesday, August 21st. Oppenheimer raised their price objective on shares of Consensus Cloud Solutions from $20.00 to $23.00 and gave the stock an “outperform” rating in a research note on Friday, August 9th. Finally, JPMorgan Chase & Co. cut Consensus Cloud Solutions from a “neutral” rating to an “underweight” rating and upped their target price for the company from $19.00 to $21.00 in a research note on Monday, September 9th. Two investment analysts have rated the stock with a sell rating and three have given a buy rating to the company. According to data from MarketBeat.com, Consensus Cloud Solutions presently has a consensus rating of “Hold” and an average target price of $23.60.

Consensus Cloud Solutions Price Performance

Shares of CCSI opened at $22.53 on Monday. The firm has a market capitalization of $433.03 million, a price-to-earnings ratio of 4.97 and a beta of 1.38. The company has a 50-day moving average of $20.80 and a 200 day moving average of $17.57. Consensus Cloud Solutions, Inc. has a 1-year low of $11.62 and a 1-year high of $28.09.

Consensus Cloud Solutions (NASDAQ:CCSI) last announced its quarterly earnings results on Thursday, August 8th. The company reported $1.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.11 by $0.15. The firm had revenue of $87.50 million during the quarter, compared to analyst estimates of $87.10 million. Consensus Cloud Solutions had a negative return on equity of 57.77% and a net margin of 25.72%. On average, equities analysts anticipate that Consensus Cloud Solutions, Inc. will post 4.86 earnings per share for the current fiscal year.

About Consensus Cloud Solutions

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.