In the volatile world of finance and investing, hedge funds are often viewed as a beacon of hope among investors. The ability to penetrate the market turbulence and come out at the other end with a profit is an elusive skill that is honed over time through mathematical models and insider knowledge. And it is a skill that Denali Advisors LLC has proven adept at.
According to the company’s recent filing with the Securities & Exchange Commission, Denali Advisors LLC purchased 7,120 shares of Consensus Cloud Solutions, Inc. (NASDAQ:CCSI), valued at approximately $383,000 in the fourth quarter of this year. This represents a new stake in CCSI for Denali Advisors LLC.
Consensus Cloud Solutions, Inc., a provider of cloud-based financial management software solutions for FP&A, revenue recognition, lease accounting and financial governance (all under one roof), opened at $33.46 on May 13th, 2023. While this represented a small uptick from its lowest point over the past 12 months ($29.62), it fell well short of its highest point over the same period ($65.68).
Despite market volatility over the last year, however, CCSI continues to perform admirably in terms of market capitalization ($657.82 million) and Beta (1.28). P/E Ratio has remained consistent around 9.02 which suggests that company’s earnings growth is stable.
As always in finance – there are two sides to every coin; while hedge funds such as Denali Advisors LLC continue to be successful on behalf of their clients by identifying opportunities in emerging markets like CCSI; there are certainly valid concerns about how their actions affect those same markets – making things happen faster or more competently than would have otherwise been possible.
For individuals interested in tracking these sorts of developments initially or wanting information on Consensus Cloud Solution from other vantage points should consider visiting HoldingsChannel.com to receive up-to-date 13F files and insider trade reports.
While the market may always appear unpredictable, by staying informed through reliable sources, we can begin to demystify its unsettling nature. Knowing that experts like Denali Advisors LLC are willing to invest in emerging markets such as CCSI inspires confidence, and can help investors make well-informed decisions. So buckle up and stay invested for the long haul!
Institutional Investors and Hedge Funds Dominate Consensus Cloud Solutions (CCSI) Stock Despite Uncertainty
Consensus Cloud Solutions, Inc. (NASDAQ:CCSI) has recently become the subject of several different research reports. Despite this uncertainty, Institutional investors and hedge funds now account for 92.79% of the company’s stock. These recent moves have included ProShare Advisors LLC buying a new position in CCSI during the 1st quarter worth about $267,000; JPMorgan Chase & Co purchasing a new stake in Consensus Cloud Solutions during the 1st quarter worth approximately $6,008,000; and Raymond James & Associates buying a new position in Consensus Cloud Solutions during the 1st quarter worth approximately $576,000.
Private equity giant Bank of New York Mellon Corp also acquired a new position in CCSI during Q1 to the tune of around $8.8m. Finally, US Bancorp DE rounded off the acquisitions by buying a new position in CCSI during Q1 making it worth around $64k.
Recent reports indicate that Wedbush has cut their price target on Consensus Cloud Solutions from $58 to $45 while Oppenheimer cut their price target on Consensus Cloud Solutions from $65 to $50. Additionally, JMP Securities has cut its price target on Consensus Cloud Solutions down to $60 from an initial forecast of $70.
Despite all these uncertainties, experts are still expecting that Consensus Cloud Solutions is likely to post 4.1 EPS for the current year due largely to its track record and suite of offering backed by software-as-a-service platform worldwide.
Consensus Cloud Solutions’ products include eFax – which enables online faxing solutions – as well as MyFax, MetroFax, Sfax, SRfax and several other brands alongside eFax Corporate for digital cloud-fax technology and jsign providing electronic as well as digital signature solutions.
The firm’s Unite product offers EHR integration services allowing users to send and receive healthcare information through various protocols, while Clarity transforms unstructured data into actionable materials. With a net margin of 20.07%, Consensus Cloud Solutions is certainly a company to watch in the next few months.