Consensus Cloud Solutions, Inc. (NASDAQ:CCSI) Shares Purchased by Janus Henderson Group PLC

Janus Henderson Group PLC grew its position in shares of Consensus Cloud Solutions, Inc. (NASDAQ:CCSI) by 1.0% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,587,963 shares of the company’s stock after purchasing an additional 15,871 shares during the period. Janus Henderson Group PLC owned approximately 0.08% of Consensus Cloud Solutions worth $25,185,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of CCSI. Heron Bay Capital Management raised its position in Consensus Cloud Solutions by 63.7% in the 1st quarter. Heron Bay Capital Management now owns 1,100,425 shares of the company’s stock valued at $17,453,000 after purchasing an additional 428,232 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Consensus Cloud Solutions by 13.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 269,965 shares of the company’s stock valued at $7,076,000 after acquiring an additional 31,433 shares in the last quarter. Kent Lake Capital LLC purchased a new position in Consensus Cloud Solutions in the first quarter worth approximately $2,312,000. Allspring Global Investments Holdings LLC grew its holdings in Consensus Cloud Solutions by 3,943.4% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 114,549 shares of the company’s stock worth $1,817,000 after acquiring an additional 111,716 shares in the last quarter. Finally, GSA Capital Partners LLP increased its position in shares of Consensus Cloud Solutions by 323.3% in the 1st quarter. GSA Capital Partners LLP now owns 60,564 shares of the company’s stock valued at $961,000 after purchasing an additional 46,255 shares during the last quarter. 93.93% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have recently issued reports on CCSI. Oppenheimer lowered their price objective on Consensus Cloud Solutions from $29.00 to $20.00 and set an “outperform” rating for the company in a research report on Thursday, May 9th. Wedbush reiterated an “outperform” rating and issued a $24.00 price target on shares of Consensus Cloud Solutions in a research report on Friday, May 10th.

Consensus Cloud Solutions Price Performance

Shares of CCSI stock traded down $0.45 during midday trading on Wednesday, hitting $21.45. The company had a trading volume of 16,038 shares, compared to its average volume of 288,661. The stock has a market cap of $412.27 million, a price-to-earnings ratio of 4.83 and a beta of 1.34. The company’s 50 day simple moving average is $18.55 and its 200 day simple moving average is $17.06. Consensus Cloud Solutions, Inc. has a 52-week low of $11.62 and a 52-week high of $33.54.

Consensus Cloud Solutions (NASDAQ:CCSI) last announced its quarterly earnings data on Wednesday, May 8th. The company reported $1.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.06 by $0.30. Consensus Cloud Solutions had a net margin of 24.55% and a negative return on equity of 49.60%. The company had revenue of $88.15 million for the quarter, compared to analysts’ expectations of $87.29 million. Analysts anticipate that Consensus Cloud Solutions, Inc. will post 4.51 EPS for the current year.

Consensus Cloud Solutions Company 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.