New South Capital Management Inc. Makes New Investment in Consensus Cloud Solutions, Inc. (NASDAQ:CCSI)

New South Capital Management Inc. acquired a new position in shares of Consensus Cloud Solutions, Inc. (NASDAQ:CCSI) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 176,994 shares of the company’s stock, valued at approximately $4,223,000. New South Capital Management Inc. owned about 0.92% of Consensus Cloud Solutions at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the business. Capital Performance Advisors LLP purchased a new stake in shares of Consensus Cloud Solutions in the third quarter valued at about $29,000. GAMMA Investing LLC raised its holdings in shares of Consensus Cloud Solutions by 74.9% in the fourth quarter. GAMMA Investing LLC now owns 1,525 shares of the company’s stock valued at $36,000 after purchasing an additional 653 shares during the last quarter. R Squared Ltd purchased a new stake in shares of Consensus Cloud Solutions in the fourth quarter valued at about $42,000. SG Americas Securities LLC raised its holdings in shares of Consensus Cloud Solutions by 19.8% in the fourth quarter. SG Americas Securities LLC now owns 7,509 shares of the company’s stock valued at $179,000 after purchasing an additional 1,240 shares during the last quarter. Finally, DGS Capital Management LLC purchased a new stake in shares of Consensus Cloud Solutions in the third quarter valued at about $209,000. Institutional investors and hedge funds own 93.93% of the company’s stock.

Consensus Cloud Solutions Stock Performance

CCSI opened at $24.17 on Thursday. The firm has a market cap of $471.94 million, a P/E ratio of 5.23 and a beta of 1.45. The firm has a 50-day moving average of $26.20 and a 200 day moving average of $24.25. Consensus Cloud Solutions, Inc. has a fifty-two week low of $11.62 and a fifty-two week high of $32.10.

Consensus Cloud Solutions (NASDAQ:CCSI) last issued its earnings results on Wednesday, February 19th. The company reported $1.09 earnings per share for the quarter, missing analysts’ consensus estimates of $1.19 by ($0.10). The business had revenue of $86.98 million for the quarter, compared to the consensus estimate of $85.07 million. Consensus Cloud Solutions had a negative return on equity of 83.93% and a net margin of 25.52%. Equities research analysts predict that Consensus Cloud Solutions, Inc. will post 5.17 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. Citigroup increased their target price on shares of Consensus Cloud Solutions from $19.00 to $20.00 and gave the company a “sell” rating in a report on Friday, January 17th. Wedbush increased their target price on shares of Consensus Cloud Solutions from $24.00 to $32.00 and gave the company an “outperform” rating in a report on Friday, November 8th. Oppenheimer increased their price target on shares of Consensus Cloud Solutions from $27.00 to $32.00 and gave the company an “outperform” rating in a research report on Thursday, February 20th. Finally, BTIG Research increased their price target on shares of Consensus Cloud Solutions from $30.00 to $32.00 and gave the company a “buy” rating in a research report on Monday, November 11th. Two research analysts have rated the stock with a sell rating and three have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $27.40.

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.