Heron Bay Capital Management Takes Position in Consensus Cloud Solutions, Inc. $CCSI

Heron Bay Capital Management bought a new stake in Consensus Cloud Solutions, Inc. (NASDAQ:CCSI) in the 2nd quarter, HoldingsChannel reports. The institutional investor bought 1,836,854 shares of the company’s stock, valued at approximately $70,076,000. Consensus Cloud Solutions comprises approximately 6.3% of Heron Bay Capital Management’s holdings, making the stock its largest position. Heron Bay Capital Management owned about 0.10% of Consensus Cloud Solutions as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently modified their holdings of the business. BlackRock Inc. bought a new stake in Consensus Cloud Solutions during the second quarter worth $52,676,000. LSV Asset Management increased its position in shares of Consensus Cloud Solutions by 81.2% during the 4th quarter. LSV Asset Management now owns 716,585 shares of the company’s stock valued at $15,636,000 after purchasing an additional 321,200 shares during the last quarter. Rice Hall James & Associates LLC bought a new stake in shares of Consensus Cloud Solutions during the 2nd quarter worth $7,855,000. Northwestern Mutual Wealth Management Co. raised its stake in shares of Consensus Cloud Solutions by 127,106.9% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 129,751 shares of the company’s stock worth $2,831,000 after purchasing an additional 129,649 shares during the period. Finally, Russell Investments Group Ltd. boosted its holdings in shares of Consensus Cloud Solutions by 239.3% in the 3rd quarter. Russell Investments Group Ltd. now owns 170,445 shares of the company’s stock worth $5,006,000 after buying an additional 120,205 shares during the last quarter. 93.93% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, Director Elaine Healy sold 4,000 shares of the company’s stock in a transaction 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 transaction, the director owned 27,658 shares of the company’s stock, valued at approximately $947,839.66. This represents a 12.64% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CTO Jeffrey Alan Sullivan sold 5,400 shares of Consensus Cloud Solutions stock in a transaction on Wednesday, August 12th. The shares were sold at an average price of $37.70, for a total value of $203,580.00. Following the sale, the chief technology officer directly owned 114,968 shares of the company’s stock, valued at $4,334,293.60. This represents a 4.49% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 3.65% of the company’s stock.

Consensus Cloud Solutions Stock Performance

Shares of CCSI opened at $38.77 on Friday. The firm has a market cap of $710.46 million, a PE ratio of 7.85 and a beta of 1.57. The stock’s fifty day moving average price is $36.73 and its two-hundred day moving average price is $31.21. The company has a debt-to-equity ratio of 13.19, a current ratio of 1.90 and a quick ratio of 1.90. Consensus Cloud Solutions, Inc. has a 1 year low of $20.20 and a 1 year high of $41.40.

Consensus Cloud Solutions (NASDAQ:CCSI) last issued its earnings results on Thursday, August 6th. The company reported $1.49 earnings per share for the quarter, topping analysts’ consensus estimates of $1.48 by $0.01. Consensus Cloud Solutions had a net margin of 26.69% and a return on equity of 502.63%. The firm had revenue of $91.36 million during the quarter, compared to analyst estimates of $89.63 million. Consensus Cloud Solutions has set its Q3 2026 guidance at 1.340-1.440 EPS and its FY 2026 guidance at 5.550-5.950 EPS. On average, equities research analysts forecast that Consensus Cloud Solutions, Inc. will post 5.03 EPS for the current year.

Analyst Ratings Changes

CCSI has been the subject of several research reports. Oppenheimer increased their price target on shares of Consensus Cloud Solutions from $35.00 to $40.00 and gave the company an “outperform” rating in a research report on Monday, August 10th. BTIG Research lifted their price objective on shares of Consensus Cloud Solutions from $45.00 to $50.00 and gave the stock a “buy” rating in a research report on Monday, August 10th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Consensus Cloud Solutions in a research note on Tuesday, August 4th. Finally, Wall Street Zen raised shares of Consensus Cloud Solutions from a “hold” rating to a “buy” rating in a research report on Sunday, May 17th. Three investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $41.67.

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.