Consensus Cloud Solutions, Inc. (NASDAQ:CCSI) Shares Acquired by New York State Teachers Retirement System

New York State Teachers Retirement System lifted its stake in Consensus Cloud Solutions, Inc. (NASDAQ:CCSIGet Rating) by 7.4% during the third quarter, HoldingsChannel reports. The institutional investor owned 24,769 shares of the company’s stock after acquiring an additional 1,700 shares during the period. New York State Teachers Retirement System’s holdings in Consensus Cloud Solutions were worth $1,172,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Brown Brothers Harriman & Co. acquired a new position in Consensus Cloud Solutions during the first quarter worth approximately $25,000. Harbor Investment Advisory LLC increased its holdings in shares of Consensus Cloud Solutions by 214.0% in the 2nd quarter. Harbor Investment Advisory LLC now owns 760 shares of the company’s stock valued at $33,000 after acquiring an additional 518 shares during the period. Captrust Financial Advisors purchased a new stake in Consensus Cloud Solutions in the 1st quarter valued at $47,000. PNC Financial Services Group Inc. acquired a new stake in Consensus Cloud Solutions during the 1st quarter worth $59,000. Finally, US Bancorp DE purchased a new position in Consensus Cloud Solutions during the 1st quarter worth $64,000. 92.79% of the stock is owned by hedge funds and other institutional investors.

Consensus Cloud Solutions Price Performance

Consensus Cloud Solutions stock opened at 56.48 on Friday. The business has a 50 day simple moving average of 55.82 and a 200-day simple moving average of 53.20. Consensus Cloud Solutions, Inc. has a 12 month low of 37.75 and a 12 month high of 65.68. The stock has a market capitalization of $1.12 billion, a PE ratio of 18.34 and a beta of 1.30.

Consensus Cloud Solutions (NASDAQ:CCSIGet Rating) last announced its quarterly earnings data on Thursday, November 10th. The company reported 0.86 EPS for the quarter, missing analysts’ consensus estimates of 1.07 by -0.21. The firm had revenue of 95.91 million for the quarter, compared to analysts’ expectations of 96.41 million. Consensus Cloud Solutions had a negative return on equity of 30.15% and a net margin of 16.73%. As a group, equities research analysts anticipate that Consensus Cloud Solutions, Inc. will post 3.66 EPS for the current year.

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. began coverage on shares of Consensus Cloud Solutions in a research note on Monday, November 21st. They set a “neutral” rating and a $54.00 target price for the company.

Consensus Cloud Solutions Company Profile

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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.

Further Reading

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Institutional Ownership by Quarter for Consensus Cloud Solutions (NASDAQ:CCSI)

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