Y Intercept Hong Kong Ltd Cuts Stock Position in Consensus Cloud Solutions, Inc. (NASDAQ:CCSI)

Y Intercept Hong Kong Ltd trimmed its position in Consensus Cloud Solutions, Inc. (NASDAQ:CCSI) by 69.4% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,208 shares of the company’s stock after selling 32,159 shares during the period. Y Intercept Hong Kong Ltd’s holdings in Consensus Cloud Solutions were worth $335,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Virtus Fund Advisers LLC acquired a new stake in shares of Consensus Cloud Solutions in the 3rd quarter worth $327,000. Virtus Investment Advisers Inc. acquired a new stake in Consensus Cloud Solutions in the third quarter valued at about $346,000. State Street Corp boosted its holdings in Consensus Cloud Solutions by 15.1% in the 3rd quarter. State Street Corp now owns 450,415 shares of the company’s stock valued at $10,607,000 after purchasing an additional 59,219 shares in the last quarter. Janus Henderson Group PLC increased its position in Consensus Cloud Solutions by 26.4% during the 3rd quarter. Janus Henderson Group PLC now owns 2,380,874 shares of the company’s stock worth $56,070,000 after purchasing an additional 498,010 shares during the period. Finally, Martingale Asset Management L P raised its stake in shares of Consensus Cloud Solutions by 87.8% during the 3rd quarter. Martingale Asset Management L P now owns 24,477 shares of the company’s stock worth $576,000 after buying an additional 11,444 shares in the last quarter. 93.93% of the stock is owned by institutional investors and hedge funds.

Consensus Cloud Solutions Stock Up 0.2 %

CCSI stock opened at $24.33 on Wednesday. The stock has a market capitalization of $469.67 million, a price-to-earnings ratio of 5.32 and a beta of 1.42. Consensus Cloud Solutions, Inc. has a 52-week low of $11.62 and a 52-week high of $27.90. The stock’s fifty day simple moving average is $23.63 and its 200-day simple moving average is $21.45.

Analyst Ratings Changes

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

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.