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Fintel reports that BlackRock has filed Form 13G with the SEC, disclosing its ownership of 2.86 million shares of Consensus Cloud Solutions Inc (CCSI). This equates to his 14.4% of the company.
In an earlier filing dated January 27, 2022, they reported 2.53 million shares and 12.70% of the company.
13.06% increase in equity and 1.70% increase in total ownership (calculated as current – previous ownership percentage).
Analyst Price Forecast Suggests 11.31% Rise
As of January 27, 2023, the 1-year average price target for the Consensus Cloud solution is $65.48. Predictions range from as low as $54.54 to as high as $73.50. The average price target represents an increase of 11.31% from the latest reported closing price of $58.83.
Projected annual revenue for Consensus Cloud solutions is $408 million, an increase of 10.64%. Projected annual EPS is $5.79, an increase of 78.26%.
Fund Sentiment
There are 468 funds or institutions reporting positions in consensus cloud solutions. This is an increase of 6 owners or 1.30%.
Portfolio average weight of all funds US Only: CCSI was 0.1248%, an increase of 28.5249%. The total number of shares owned by institutional investors increased by 6.23% to 23,132,000 shares in the last three months.
What do major shareholders do?
ArrowMark Colorado Holdings owns 1,397,673 shares representing a 7.05% ownership interest in the company. In previous filings, the company reported he owned 1,178,221 shares.
will increase
15.70%.office
gain
Portfolio allocation at CCSI increased 37.69% last quarter.
The IJR – iShares Core S&P Small-Cap ETF holds 1,294,588 shares representing a 6.53% ownership interest in the company. In previous filings, the company reported he owned 1,121,445 shares.
will increase
13.37%.office
gain
Portfolio allocation at CCSI increased by 26.87% last quarter.
Janus Henderson Group holds 1,166,688 shares representing a 5.88% ownership interest in the company. In previous filings, the company reported he owned 1,163,838 shares.
will increase
0.24%.office
gain
Portfolio allocation at CCSI increased 17.95% last quarter.
Gates Capital Management holds 1,130,337 shares representing a 5.70% ownership interest in the company. In previous filings, the company reported he owned 1,394,561 shares.
Decrease
23.38%.office
decreased
Portfolio allocation at CCSI increased by 8.04% last quarter.
The Macquarie Group holds 1,018,867 shares representing a 5.14% ownership interest in the company. In previous filings, the company reported he owned 907,388 shares.
will increase
10.94%.office
decreased
Portfolio allocation at CCSI increased 50.69% last quarter.
Background Information on Consensus Cloud Solutions
(This description is provided by the company.)
Consensus Cloud Solutions, Inc. has been a global leader in digital cloud fax technology for over 25 years. The company leverages its technological heritage to provide secure solutions that transform simple digital documents into advanced healthcare standards HL7/FHIR for secure data exchange. Consensus is the global leader in online faxing eFax, Consensus Unite and Consensus Harmony interoperability solutions, Consensus Signal for secure automated real-time healthcare communications, Consensus Clarity, Optical Character Recognition (OCR) and Natural Language Processing (NLP) solutions. jSign for electronic digital signatures.
This story was originally published in Fintel.
The views and opinions expressed herein are those of the authors and do not necessarily reflect those of Nasdaq, Inc.
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