ArrowMark Colorado Holdings LLC Cuts Stock Holdings in Consensus Cloud Solutions, Inc. (NASDAQ:CCSI)

ArrowMark Colorado Holdings LLC cut its stake in Consensus Cloud Solutions, Inc. (NASDAQ:CCSI) by 18.2% in the third quarter, HoldingsChannel reports. The firm owned 1,986,931 shares of the company’s stock after selling 440,867 shares during the quarter. ArrowMark Colorado Holdings LLC owned approximately 0.10% of Consensus Cloud Solutions worth $46,792,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Martingale Asset Management L P grew its position in shares of Consensus Cloud Solutions by 87.8% during the third 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. Cerity Partners LLC lifted its stake in Consensus Cloud Solutions by 272.4% in the third quarter. Cerity Partners LLC now owns 59,442 shares of the company’s stock worth $1,400,000 after acquiring an additional 43,482 shares during the last quarter. Massachusetts Financial Services Co. MA grew its holdings in Consensus Cloud Solutions by 105.1% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 22,458 shares of the company’s stock worth $529,000 after acquiring an additional 11,510 shares in the last quarter. Integrated Investment Consultants LLC increased its position in shares of Consensus Cloud Solutions by 14.7% in the 3rd quarter. Integrated Investment Consultants LLC now owns 155,857 shares of the company’s stock valued at $3,670,000 after purchasing an additional 19,948 shares during the last quarter. Finally, GSA Capital Partners LLP increased its position in shares of Consensus Cloud Solutions by 6.2% in the 3rd quarter. GSA Capital Partners LLP now owns 56,999 shares of the company’s stock valued at $1,342,000 after purchasing an additional 3,339 shares during the last quarter. 93.93% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Consensus Cloud Solutions Stock Performance

CCSI stock opened at $24.95 on Monday. Consensus Cloud Solutions, Inc. has a one year low of $11.62 and a one year high of $28.09. The company has a fifty day moving average of $23.08 and a 200-day moving average of $21.01. The stock has a market capitalization of $481.54 million, a PE ratio of 5.46 and a beta of 1.38.

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.