Cerity Partners LLC Grows Stock Holdings in Consensus Cloud Solutions, Inc. (NASDAQ:CCSI)

Cerity Partners LLC increased its holdings in Consensus Cloud Solutions, Inc. (NASDAQ:CCSI) by 272.4% in the third quarter, Holdings Channel.com reports. The firm owned 59,442 shares of the company’s stock after purchasing an additional 43,482 shares during the period. Cerity Partners LLC’s holdings in Consensus Cloud Solutions were worth $1,400,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in CCSI. Massachusetts Financial Services Co. MA boosted its stake in Consensus Cloud Solutions by 105.1% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 22,458 shares of the company’s stock worth $529,000 after buying an additional 11,510 shares during the last quarter. Integrated Investment Consultants LLC boosted its position in shares of Consensus Cloud Solutions by 14.7% in the third quarter. Integrated Investment Consultants LLC now owns 155,857 shares of the company’s stock worth $3,670,000 after acquiring an additional 19,948 shares during the last quarter. GSA Capital Partners LLP boosted its position in shares of Consensus Cloud Solutions by 6.2% in the third quarter. GSA Capital Partners LLP now owns 56,999 shares of the company’s stock worth $1,342,000 after acquiring an additional 3,339 shares during the last quarter. Capital Performance Advisors LLP purchased a new stake in Consensus Cloud Solutions in the third quarter valued at approximately $29,000. Finally, Rice Hall James & Associates LLC increased its position in Consensus Cloud Solutions by 7.1% during the third quarter. Rice Hall James & Associates LLC now owns 217,086 shares of the company’s stock worth $5,112,000 after purchasing an additional 14,406 shares during the last quarter. 93.93% of the stock is currently owned by institutional investors and hedge funds.

Consensus Cloud Solutions Price Performance

CCSI stock opened at $25.47 on Wednesday. The company’s 50 day simple moving average is $23.20 and its 200-day simple moving average is $21.09. Consensus Cloud Solutions, Inc. has a 52-week low of $11.62 and a 52-week high of $28.09. The firm has a market capitalization of $491.57 million, a P/E ratio of 5.57 and a beta of 1.42.

Wall Street Analyst Weigh In

CCSI has been the subject of several research reports. BTIG Research boosted their price objective on shares of Consensus Cloud Solutions from $30.00 to $32.00 and gave the company a “buy” rating in a research note on Monday, November 11th. Citigroup lifted their target price on Consensus Cloud Solutions from $17.00 to $19.00 and gave the stock a “sell” rating in a research report on Tuesday, November 19th. JPMorgan Chase & Co. lowered shares of Consensus Cloud Solutions from a “neutral” rating to an “underweight” rating and boosted their target price for the company from $19.00 to $21.00 in a research note on Monday, September 9th. Oppenheimer upped their price target on shares of Consensus Cloud Solutions from $23.00 to $27.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th. Finally, Wedbush increased their target price on shares of Consensus Cloud Solutions from $24.00 to $32.00 and gave the company an “outperform” rating in a research report on Friday, November 8th. Two equities research analysts have rated the stock with a sell rating and three have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $26.20.

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.