Signal management

Los Angeles Capital Management LLC invests $939,000 in Consensus Cloud Solutions, Inc. (NASDAQ: CCSI)


Los Angeles Capital Management LLC bought a new stock position in Consensus Cloud Solutions, Inc. (NASDAQ:CCSI – Get Rating) during Q1, according to its latest 13F filing with the Securities and Exchange Commission (SEC). The fund bought 15,608 shares of the company, valued at around $939,000. Los Angeles Capital Management LLC owned approximately 0.08% of Consensus Cloud Solutions at the end of last quarter.

Other hedge funds and other institutional investors have also recently changed their positions in the company. Sageworth Trust Co purchased a new stake in shares of Consensus Cloud Solutions during the first quarter for a value of approximately $30,000. Shell Asset Management Co. acquired a new position in shares of Consensus Cloud Solutions in the first quarter worth approximately $126,000. Mutual of America Capital Management LLC acquired a new position in shares of Consensus Cloud Solutions in the first quarter worth approximately $138,000. GHP Investment Advisors Inc. acquired a new position in shares of Consensus Cloud Solutions in the first quarter worth approximately $157,000. Finally, Cardinal Capital Management acquired a new position in shares of Consensus Cloud Solutions in the first quarter worth approximately $217,000. 72.76% of the shares are currently held by institutional investors.

Insider Buying and Selling at Consensus Cloud Solutions

In other news from Consensus Cloud Solutions, Director Elaine Healy purchased 1,000 shares of the company in a trade on Tuesday, June 14. The shares were purchased at an average cost of 38.52 per share, with a total value of 38,520.00. Following the completion of the purchase, the director now owns 1,000 shares of the company, valued at 38,520. The transaction was disclosed in a legal filing with the SEC, which is available on the SEC’s website. Insiders hold 18.27% of the shares of the company.

Analyst upgrades and downgrades

CCSI has been the subject of a number of recent analyst reports. Wedbush raised its price target on Consensus Cloud Solutions from $56.00 to $67.00 in a research note on Wednesday. Oppenheimer cut his price target on Consensus Cloud Solutions from $75.00 to $65.00 and set an “outperform” rating on the stock in a Monday, July 18 research note.

Price performance of Cloud Consensus solutions

CCSI shares opened at 57.14 on Friday. Consensus Cloud Solutions, Inc. has a 52-week low of 34.81 and a 52-week high of 69.31. The company’s 50-day moving average price is 48.21 and its two-hundred-day moving average price is 52.82.

Consensus Cloud Solutions (NASDAQ:CCSI – Get Rating) last released its quarterly results on Monday, May 16. The company reported earnings per share (EPS) of 1.09 for the quarter, missing the consensus estimate of 1.29 by -0.20. Consensus Cloud Solutions achieved a net margin of 15.78% and a return on equity of 141.93%. The company posted revenue of 90.93 million in the quarter, against analyst estimates of 90.94 million. Consensus Cloud Solutions revenue increased 5.0% compared to the same quarter last year. As a group, research analysts expect Consensus Cloud Solutions, Inc. to post earnings per share of 5.44 for the current fiscal year.

Consensus Cloud Solutions Company Profile

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Consensus Cloud Solutions, Inc, together with its subsidiaries, provides information delivery services with a software-as-a-service platform worldwide. Its products and solutions include eFax, an online fax solution, as well as MyFax, MetroFax, Sfax, SRfax and other brands; eFax Corporate, a cloud-based digital fax technology; jsign, which provides electronic and digital signature solutions; Unite, a single platform that allows the user to choose between multiple protocols for sending and receiving health information in an environment that can integrate with an existing electronic health record (EHR) system or standalone in the lack of EHR; Signal, a solution that integrates with a hospital’s EHR system and uses rule-based trigger logic to automatically send admission, discharge, and transfer notifications using cloud fax technology and direct secure messaging; and Clarity, which transforms unstructured documents into actionable structured data.

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Institutional ownership by quarter for Consensus Cloud Solutions (NASDAQ:CCSI)



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