Virtus Fund Advisers LLC Takes Position in Consensus Cloud Solutions, Inc. (NASDAQ:CCSI)

Virtus Fund Advisers LLC purchased a new position in shares of Consensus Cloud Solutions, Inc. (NASDAQ:CCSI) during the third quarter, HoldingsChannel reports. The firm purchased 13,896 shares of the company’s stock, valued at approximately $327,000. Consensus Cloud Solutions accounts for 1.3% of Virtus Fund Advisers LLC’s portfolio, making the stock its 7th biggest position.

Several other institutional investors also recently modified their holdings of CCSI. Capital Performance Advisors LLP bought a new stake in Consensus Cloud Solutions in the third quarter valued at approximately $29,000. National Bank of Canada FI acquired a new position in shares of Consensus Cloud Solutions in the 2nd quarter worth approximately $33,000. SG Americas Securities LLC bought a new stake in shares of Consensus Cloud Solutions in the 3rd quarter valued at $148,000. CWM LLC increased its position in shares of Consensus Cloud Solutions by 388.4% during the second quarter. CWM LLC now owns 8,792 shares of the company’s stock worth $151,000 after buying an additional 6,992 shares during the period. Finally, Massachusetts Financial Services Co. MA bought a new position in Consensus Cloud Solutions during the second quarter worth $188,000. Institutional investors own 93.93% of the company’s stock.

Consensus Cloud Solutions Stock Performance

CCSI stock opened at $24.84 on Friday. The stock’s 50 day simple moving average is $23.26 and its 200 day simple moving average is $21.15. The company has a market cap of $479.41 million, a P/E ratio of 5.44 and a beta of 1.42. Consensus Cloud Solutions, Inc. has a fifty-two week low of $11.62 and a fifty-two week high of $28.09.

Wall Street Analyst Weigh In

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

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.