Denali Advisors LLC Purchases 33,198 Shares of Consensus Cloud Solutions, Inc. $CCSI

Denali Advisors LLC grew its position in Consensus Cloud Solutions, Inc. (NASDAQ:CCSI) by 13.6% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 277,038 shares of the company’s stock after buying an additional 33,198 shares during the quarter. Consensus Cloud Solutions accounts for about 0.9% of Denali Advisors LLC’s portfolio, making the stock its 17th largest holding. Denali Advisors LLC’s holdings in Consensus Cloud Solutions were worth $8,137,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Consensus Cloud Solutions by 4.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,810 shares of the company’s stock valued at $249,000 after purchasing an additional 468 shares in the last quarter. Jones Financial Companies Lllp increased its stake in shares of Consensus Cloud Solutions by 149,428.6% in the 1st quarter. Jones Financial Companies Lllp now owns 10,467 shares of the company’s stock valued at $242,000 after purchasing an additional 10,460 shares during the last quarter. Jane Street Group LLC acquired a new position in shares of Consensus Cloud Solutions during the 1st quarter worth $632,000. Acadian Asset Management LLC lifted its position in shares of Consensus Cloud Solutions by 117.8% during the 1st quarter. Acadian Asset Management LLC now owns 15,416 shares of the company’s stock worth $354,000 after buying an additional 8,339 shares during the last quarter. Finally, Strs Ohio bought a new stake in shares of Consensus Cloud Solutions during the 1st quarter worth $134,000. Institutional investors and hedge funds own 93.93% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on CCSI. Wall Street Zen upgraded Consensus Cloud Solutions from a “hold” rating to a “buy” rating in a research report on Sunday, November 16th. Weiss Ratings restated a “hold (c)” rating on shares of Consensus Cloud Solutions in a research note on Wednesday, January 21st. Finally, Wedbush lifted their price target on shares of Consensus Cloud Solutions from $26.00 to $35.00 and gave the company an “outperform” rating in a report on Thursday, November 6th. Two research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $33.50.

Consensus Cloud Solutions Price Performance

Shares of CCSI opened at $29.61 on Monday. Consensus Cloud Solutions, Inc. has a 12-month low of $17.84 and a 12-month high of $30.08. The business has a 50-day simple moving average of $22.80 and a two-hundred day simple moving average of $24.66. The company has a quick ratio of 1.84, a current ratio of 1.79 and a debt-to-equity ratio of 40.03. The stock has a market cap of $562.89 million, a PE ratio of 6.81 and a beta of 1.55.

Consensus Cloud Solutions (NASDAQ:CCSI) last announced its quarterly earnings results on Monday, February 9th. The company reported $1.41 EPS for the quarter, beating analysts’ consensus estimates of $1.31 by $0.10. The firm had revenue of $87.07 million for the quarter, compared to analyst estimates of $86.62 million. Consensus Cloud Solutions had a negative return on equity of 579.06% and a net margin of 24.17%. Analysts anticipate that Consensus Cloud Solutions, Inc. will post 5.17 earnings per share for the current fiscal year.

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.