Teachers Retirement System of The State of Kentucky bought a new position in shares of Consensus Cloud Solutions, Inc. (NASDAQ:CCSI – Get Rating) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 29,988 shares of the company’s stock, valued at approximately $1,804,000.
A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. BlackRock Inc. acquired a new stake in Consensus Cloud Solutions during the 1st quarter worth approximately $152,334,000. Vanguard Group Inc. acquired a new stake in Consensus Cloud Solutions during the 1st quarter worth approximately $104,765,000. Gates Capital Management Inc. acquired a new stake in Consensus Cloud Solutions during the 1st quarter worth approximately $56,532,000. State Street Corp acquired a new stake in Consensus Cloud Solutions in the first quarter valued at approximately $38,562,000. Finally, Invesco Ltd. acquired a new stake in Consensus Cloud Solutions in the first quarter valued at approximately $28,250,000. Institutional investors and hedge funds own 88.47% of the company’s stock.
Consensus Cloud Solutions Price Performance
CCSI stock opened at 50.09 on Thursday. Consensus Cloud Solutions, Inc. has a twelve month low of 34.81 and a twelve month high of 69.31. The firm has a 50 day simple moving average of 52.45 and a 200-day simple moving average of 51.79.
Analyst Upgrades and Downgrades
Several brokerages have issued reports on CCSI. Oppenheimer lowered their price objective on shares of Consensus Cloud Solutions from $75.00 to $65.00 and set an “outperform” rating for the company in a research report on Monday, July 18th. Citigroup began coverage on shares of Consensus Cloud Solutions in a research report on Friday, August 19th. They issued a “neutral” rating and a $65.00 price objective for the company. Finally, Wedbush increased their price objective on shares of Consensus Cloud Solutions from $56.00 to $67.00 in a research report on Wednesday, August 10th.
Consensus Cloud Solutions Profile
Consensus Cloud Solutions, Inc, together with its subsidiaries, provides information delivery services with a software-as-a-service platform worldwide. Its products and solutions include eFax, an online faxing solution, as well as MyFax, MetroFax, Sfax, SRfax, and other brands; eFax Corporate, a digital cloud-fax technology; jsign, which provides electronic and digital signature solutions; Unite, a single platform that allows the user to choose between several protocols to send and receive healthcare information in an environment that can integrate into an existing electronic health record (EHR) system or stand-alone if no EHR is present; Signal, a solution that integrates with a hospital's EHR system and uses rules-based triggering logic to automatically send admit, discharge, and transfer notifications using cloud fax and direct secure messaging technology; and Clarity that transforms unstructured documents into structured actionable data.
- Get a free copy of the StockNews.com research report on Consensus Cloud Solutions (CCSI)
- The Worst May be Over for Target, But is the Stock Safe to Buy?
- Are These Liquid Natural Gas Stocks Ready For An Upside Bounce?
- Two Fun Stocks The Insiders Are Buying
- Novavax Remains a Risk-On Stock in a Risk-Off Market
- 3 Defensive Stocks With 60-Year Dividend Hike Streaks
Receive News & Ratings for Consensus Cloud Solutions Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Consensus Cloud Solutions and related companies with MarketBeat.com's FREE daily email newsletter.