Integrated Quantitative Investments LLC Takes Position in Consensus Cloud Solutions, Inc. (NASDAQ:CCSI)

Integrated Quantitative Investments LLC bought a new position in shares of Consensus Cloud Solutions, Inc. (NASDAQ:CCSI) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 11,150 shares of the company’s stock, valued at approximately $266,000. Integrated Quantitative Investments LLC owned about 0.06% of Consensus Cloud Solutions as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in CCSI. GAMMA Investing LLC raised its holdings in Consensus Cloud Solutions by 74.9% during the 4th quarter. GAMMA Investing LLC now owns 1,525 shares of the company’s stock worth $36,000 after purchasing an additional 653 shares during the last quarter. R Squared Ltd bought a new stake in shares of Consensus Cloud Solutions during the fourth quarter worth approximately $42,000. AlphaQuest LLC lifted its holdings in Consensus Cloud Solutions by 451.5% in the fourth quarter. AlphaQuest LLC now owns 2,173 shares of the company’s stock valued at $52,000 after buying an additional 1,779 shares during the period. Quantbot Technologies LP acquired a new position in shares of Consensus Cloud Solutions in the 4th quarter valued at $81,000. Finally, SG Americas Securities LLC boosted its holdings in Consensus Cloud Solutions by 19.8% during the fourth quarter. SG Americas Securities LLC now owns 7,509 shares of the company’s stock worth $179,000 after buying an additional 1,240 shares during the last quarter. Institutional investors own 93.93% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently commented on CCSI. Oppenheimer upped their price target on Consensus Cloud Solutions from $27.00 to $32.00 and gave the company an “outperform” rating in a research note on Thursday, February 20th. Citigroup upped their target price on shares of Consensus Cloud Solutions from $19.00 to $20.00 and gave the company a “sell” rating in a research note on Friday, January 17th. Two research analysts have rated the stock with a sell rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $27.40.

Consensus Cloud Solutions Stock Performance

Shares of CCSI opened at $20.50 on Friday. The firm has a market capitalization of $400.28 million, a PE ratio of 4.44 and a beta of 1.47. The stock has a 50 day simple moving average of $25.82 and a 200 day simple moving average of $24.42. Consensus Cloud Solutions, Inc. has a 52-week low of $11.62 and a 52-week high of $32.10.

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

Consensus Cloud Solutions 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.