Lazard Asset Management LLC Acquires New Position in Consensus Cloud Solutions, Inc. (NASDAQ:CCSI)

Lazard Asset Management LLC bought a new position in Consensus Cloud Solutions, Inc. (NASDAQ:CCSI) during the fourth quarter, Holdings Channel.com reports. The institutional investor bought 52,972 shares of the company’s stock, valued at approximately $1,263,000.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Janus Henderson Group PLC lifted its position in Consensus Cloud Solutions by 3.0% during the fourth quarter. Janus Henderson Group PLC now owns 2,453,463 shares of the company’s stock worth $58,540,000 after buying an additional 72,589 shares in the last quarter. Gates Capital Management Inc. raised its holdings in shares of Consensus Cloud Solutions by 1.0% during the 4th quarter. Gates Capital Management Inc. now owns 1,613,501 shares of the company’s stock worth $38,498,000 after acquiring an additional 16,245 shares during the period. Deutsche Bank AG boosted its position in shares of Consensus Cloud Solutions by 10.7% during the 4th quarter. Deutsche Bank AG now owns 57,466 shares of the company’s stock valued at $1,371,000 after acquiring an additional 5,573 shares during the last quarter. Bridgeway Capital Management LLC grew its holdings in shares of Consensus Cloud Solutions by 23.2% in the fourth quarter. Bridgeway Capital Management LLC now owns 132,615 shares of the company’s stock valued at $3,164,000 after purchasing an additional 25,000 shares during the period. Finally, BNP Paribas Financial Markets acquired a new stake in Consensus Cloud Solutions during the fourth quarter worth about $135,000. 93.93% of the stock is currently owned by institutional investors and hedge funds.

Consensus Cloud Solutions Trading Down 0.8%

Shares of NASDAQ:CCSI opened at $23.17 on Monday. The business has a 50-day moving average price of $21.57 and a 200 day moving average price of $24.09. Consensus Cloud Solutions, Inc. has a 12-month low of $15.81 and a 12-month high of $32.10. The company has a market capitalization of $452.76 million, a price-to-earnings ratio of 5.02 and a beta of 1.48.

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

Analysts Set New Price Targets

Separately, Oppenheimer boosted their target price on shares of Consensus Cloud Solutions from $27.00 to $32.00 and gave the company an “outperform” rating in a report on Thursday, February 20th. Two research analysts have rated the stock with a sell rating and three have issued a buy rating to the company. Based on data from MarketBeat, Consensus Cloud Solutions currently has a consensus rating of “Hold” and a consensus target price of $27.40.

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.