Martingale Asset Management L P Has $576,000 Holdings in Consensus Cloud Solutions, Inc. (NASDAQ:CCSI)

Martingale Asset Management L P boosted its position in shares of Consensus Cloud Solutions, Inc. (NASDAQ:CCSI) by 87.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 24,477 shares of the company’s stock after acquiring an additional 11,444 shares during the period. Martingale Asset Management L P’s holdings in Consensus Cloud Solutions were worth $576,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of CCSI. SummerHaven Investment Management LLC increased its stake in shares of Consensus Cloud Solutions by 3.6% in the second quarter. SummerHaven Investment Management LLC now owns 22,426 shares of the company’s stock worth $385,000 after purchasing an additional 769 shares during the period. Capital Performance Advisors LLP acquired a new stake in Consensus Cloud Solutions in the 3rd quarter valued at approximately $29,000. Rhumbline Advisers increased its position in Consensus Cloud Solutions by 4.8% in the 2nd quarter. Rhumbline Advisers now owns 30,358 shares of the company’s stock worth $522,000 after buying an additional 1,379 shares during the period. National Bank of Canada FI acquired a new position in shares of Consensus Cloud Solutions during the second quarter worth approximately $33,000. Finally, Sei Investments Co. boosted its position in shares of Consensus Cloud Solutions by 18.5% in the second quarter. Sei Investments Co. now owns 17,594 shares of the company’s stock valued at $302,000 after acquiring an additional 2,751 shares during the period. 93.93% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

CCSI has been the topic of a number of research reports. Oppenheimer boosted their target price on shares of Consensus Cloud Solutions from $23.00 to $27.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th. JPMorgan Chase & Co. lowered shares of Consensus Cloud Solutions from a “neutral” rating to an “underweight” rating and upped their price objective for the company from $19.00 to $21.00 in a research report on Monday, September 9th. Citigroup lifted their target price on Consensus Cloud Solutions from $17.00 to $19.00 and gave the stock a “sell” rating in a research report on Tuesday, November 19th. Wedbush upped their price target on Consensus Cloud Solutions from $24.00 to $32.00 and gave the company an “outperform” rating in a report on Friday, November 8th. Finally, BTIG Research raised their price objective on Consensus Cloud Solutions from $30.00 to $32.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. Two equities research analysts have rated the stock with a sell rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $26.20.

Consensus Cloud Solutions Stock Up 0.0 %

NASDAQ CCSI opened at $25.47 on Wednesday. Consensus Cloud Solutions, Inc. has a twelve month low of $11.62 and a twelve month high of $28.09. The stock has a market cap of $491.57 million, a P/E ratio of 5.57 and a beta of 1.42. The company’s 50-day simple moving average is $23.20 and its 200 day simple moving average is $21.09.

About Consensus Cloud Solutions

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.