Consensus Cloud Solutions, Inc. (NASDAQ:CCSI) Shares Bought by Swiss National Bank

Swiss National Bank lifted its stake in shares of Consensus Cloud Solutions, Inc. (NASDAQ:CCSI – Get Rating) by 0.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 43,077 shares of the company’s stock after acquiring an additional 400 shares during the period. Swiss National Bank owned 0.22% of Consensus Cloud Solutions worth $2,316,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CCSI. Brown Brothers Harriman & Co. acquired a new stake in shares of Consensus Cloud Solutions during the 1st quarter worth about $25,000. Yarbrough Capital LLC purchased a new position in shares of Consensus Cloud Solutions during the 4th quarter worth $37,000. Captrust Financial Advisors purchased a new stake in shares of Consensus Cloud Solutions in the first quarter valued at $47,000. PNC Financial Services Group Inc. acquired a new position in Consensus Cloud Solutions in the first quarter valued at $59,000. Finally, US Bancorp DE acquired a new position in Consensus Cloud Solutions in the first quarter valued at $64,000. Hedge funds and other institutional investors own 92.79% of the company’s stock.

Insider Activity at Consensus Cloud Solutions

In other news, CFO James C. Malone acquired 4,500 shares of the stock in a transaction on Thursday, May 11th. The stock was bought at an average price of $33.98 per share, with a total value of $152,910.00. Following the completion of the transaction, the chief financial officer now directly owns 17,091 shares of the company’s stock, valued at $580,752.18. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.90% of the company’s stock.

Consensus Cloud Solutions Stock Down 1.2 %

Shares of CCSI stock opened at $35.42 on Thursday. Consensus Cloud Solutions, Inc. has a fifty-two week low of $29.62 and a fifty-two week high of $65.68. The firm’s 50 day moving average price is $35.38 and its two-hundred day moving average price is $47.49. The stock has a market cap of $696.36 million, a price-to-earnings ratio of 9.95 and a beta of 1.28.

Consensus Cloud Solutions (NASDAQ:CCSI – Get Rating) last announced its quarterly earnings results on Tuesday, May 9th. The company reported $0.88 earnings per share for the quarter, missing analysts’ consensus estimates of $0.96 by ($0.08). Consensus Cloud Solutions had a negative return on equity of 27.90% and a net margin of 19.17%. The business had revenue of $91.45 million for the quarter, compared to analysts’ expectations of $92.39 million. On average, equities analysts forecast that Consensus Cloud Solutions, Inc. will post 4.16 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have commented on the company. Wedbush lowered their price target on Consensus Cloud Solutions from $58.00 to $45.00 in a report on Thursday, May 11th. JMP Securities lowered their target price on shares of Consensus Cloud Solutions from $60.00 to $45.00 in a report on Monday, May 15th. Finally, Oppenheimer cut their price target on shares of Consensus Cloud Solutions from $65.00 to $50.00 in a research note on Wednesday, May 10th.

About Consensus Cloud Solutions

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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.