Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in Consensus Cloud Solutions, Inc. (NASDAQ:CCSI – Free Report) in the 4th quarter, Holdings Channel.com reports. The firm purchased 51,158 shares of the company’s stock, valued at approximately $1,116,000.
Other institutional investors have also modified their holdings of the company. State of Alaska Department of Revenue acquired a new stake in Consensus Cloud Solutions during the fourth quarter worth about $46,000. Tower Research Capital LLC TRC boosted its stake in Consensus Cloud Solutions by 40.5% in the second quarter. Tower Research Capital LLC TRC now owns 1,978 shares of the company’s stock valued at $46,000 after acquiring an additional 570 shares during the period. BNP Paribas Financial Markets boosted its stake in Consensus Cloud Solutions by 104.9% in the third quarter. BNP Paribas Financial Markets now owns 3,793 shares of the company’s stock valued at $111,000 after acquiring an additional 1,942 shares during the period. Quantbot Technologies LP bought a new position in shares of Consensus Cloud Solutions during the second quarter valued at approximately $112,000. Finally, Strs Ohio bought a new position in shares of Consensus Cloud Solutions during the first quarter valued at approximately $134,000. Institutional investors own 93.93% of the company’s stock.
Consensus Cloud Solutions Trading Up 6.1%
NASDAQ:CCSI opened at $27.46 on Friday. Consensus Cloud Solutions, Inc. has a 12-month low of $19.24 and a 12-month high of $31.67. The firm has a market capitalization of $505.26 million, a P/E ratio of 6.31 and a beta of 1.49. The company has a debt-to-equity ratio of 40.03, a current ratio of 1.79 and a quick ratio of 1.79. The business has a 50 day simple moving average of $27.31 and a 200 day simple moving average of $25.05.
Analyst Ratings Changes
Several analysts recently issued reports on the company. BTIG Research raised their price target on Consensus Cloud Solutions from $37.00 to $40.00 and gave the stock a “buy” rating in a report on Tuesday, February 17th. Weiss Ratings restated a “hold (c)” rating on shares of Consensus Cloud Solutions in a research report on Monday, April 20th. Finally, Wall Street Zen upgraded Consensus Cloud Solutions from a “hold” rating to a “buy” rating in a research report on Saturday, April 25th. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $37.50.
Get Our Latest Research Report on Consensus Cloud Solutions
Consensus Cloud Solutions Profile
Consensus Cloud Solutions (NASDAQ: CCSI) is a provider of cloud consulting and managed services focused on helping organizations accelerate digital transformation. The company specializes in designing, deploying and supporting cloud architectures that leverage leading public and private cloud platforms, including infrastructure as a service (IaaS), platform as a service (PaaS) and software as a service (SaaS) environments. Its end-to-end approach encompasses strategy, implementation and ongoing optimization to align technology investments with business objectives.
The firm’s core offerings include cloud migration and deployment, application modernization, data analytics and cybersecurity solutions.
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