Consensus Cloud Solutions, Inc. (NASDAQ:CCSI) Holdings Boosted by Massachusetts Financial Services Co. MA

Massachusetts Financial Services Co. MA grew its stake in shares of Consensus Cloud Solutions, Inc. (NASDAQ:CCSI) by 105.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 22,458 shares of the company’s stock after purchasing an additional 11,510 shares during the quarter. Massachusetts Financial Services Co. MA’s holdings in Consensus Cloud Solutions were worth $529,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Marshall Wace LLP lifted its stake in Consensus Cloud Solutions by 437.2% in the second quarter. Marshall Wace LLP now owns 682,669 shares of the company’s stock valued at $11,728,000 after buying an additional 555,584 shares during the last quarter. AQR Capital Management LLC increased its holdings in shares of Consensus Cloud Solutions by 115.4% in the 2nd quarter. AQR Capital Management LLC now owns 672,803 shares of the company’s stock worth $11,041,000 after acquiring an additional 360,476 shares during the period. Renaissance Technologies LLC lifted its position in Consensus Cloud Solutions by 165.1% in the 2nd quarter. Renaissance Technologies LLC now owns 116,900 shares of the company’s stock valued at $2,008,000 after purchasing an additional 72,800 shares during the last quarter. Los Angeles Capital Management LLC acquired a new position in Consensus Cloud Solutions during the 2nd quarter valued at about $1,205,000. Finally, Greenleaf Trust bought a new position in Consensus Cloud Solutions in the 3rd quarter worth about $1,634,000. Institutional investors and hedge funds own 93.93% of the company’s stock.

Analyst Upgrades and Downgrades

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

Consensus Cloud Solutions Stock Up 0.2 %

Shares of Consensus Cloud Solutions stock opened at $25.50 on Thursday. The business has a fifty day simple moving average of $22.99 and a 200-day simple moving average of $20.92. The firm has a market cap of $492.15 million, a price-to-earnings ratio of 5.58 and a beta of 1.38. Consensus Cloud Solutions, Inc. has a fifty-two week low of $11.62 and a fifty-two week high of $28.09.

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.