North Star Investment Management Corp. acquired a new position in Consensus Cloud Solutions, Inc. (NASDAQ:CCSI – Free Report) during the first quarter, Holdings Channel reports. The firm acquired 22,000 shares of the company’s stock, valued at approximately $522,000.
Other large investors have also bought and sold shares of the company. SG Americas Securities LLC grew its holdings in Consensus Cloud Solutions by 2.5% during the first quarter. SG Americas Securities LLC now owns 52,185 shares of the company’s stock worth $1,239,000 after acquiring an additional 1,276 shares during the period. State of Tennessee Department of Treasury bought a new position in shares of Consensus Cloud Solutions during the 4th quarter valued at about $182,000. Verdad Advisers LP acquired a new position in shares of Consensus Cloud Solutions in the 4th quarter worth approximately $327,000. Engineers Gate Manager LP raised its holdings in shares of Consensus Cloud Solutions by 69.6% in the 4th quarter. Engineers Gate Manager LP now owns 14,894 shares of the company’s stock worth $325,000 after purchasing an additional 6,110 shares in the last quarter. Finally, AQR Capital Management LLC increased its stake in Consensus Cloud Solutions by 1.1% during the fourth quarter. AQR Capital Management LLC now owns 335,431 shares of the company’s stock valued at $7,319,000 after acquiring an additional 3,784 shares during the period. Institutional investors own 93.93% of the company’s stock.
Consensus Cloud Solutions Stock Performance
Consensus Cloud Solutions stock opened at $38.15 on Wednesday. The company has a quick ratio of 1.80, a current ratio of 1.80 and a debt-to-equity ratio of 24.99. The stock has a market cap of $701.96 million, a PE ratio of 8.33 and a beta of 1.59. Consensus Cloud Solutions, Inc. has a 12-month low of $19.42 and a 12-month high of $38.76. The business’s 50-day moving average price is $31.29 and its two-hundred day moving average price is $27.28.
Insider Buying and Selling
In other Consensus Cloud Solutions news, Director Elaine Healy sold 4,000 shares of the firm’s stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $34.27, for a total value of $137,080.00. Following the sale, the director owned 27,658 shares in the company, valued at $947,839.66. This trade represents a 12.64% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 3.65% of the stock is currently owned by insiders.
Analysts Set New Price Targets
A number of brokerages have commented on CCSI. Wall Street Zen upgraded Consensus Cloud Solutions from a “hold” rating to a “buy” rating in a research report on Sunday, May 17th. Weiss Ratings upgraded Consensus Cloud Solutions from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, May 7th. Finally, Oppenheimer lifted their price target on shares of Consensus Cloud Solutions from $32.00 to $35.00 and gave the stock an “outperform” rating in a research note on Tuesday, May 12th. Three equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $36.67.
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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