Voya Investment Management LLC bought a new stake in shares of Cision Ltd (NYSE:CISN) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 13,068 shares of the company’s stock, valued at approximately $195,000.
Other hedge funds have also added to or reduced their stakes in the company. BlackRock Inc. lifted its stake in Cision by 197.1% during the first quarter. BlackRock Inc. now owns 602,106 shares of the company’s stock valued at $6,966,000 after purchasing an additional 399,417 shares during the last quarter. Raymond James & Associates acquired a new stake in Cision during the second quarter valued at approximately $2,692,000. Bank of New York Mellon Corp lifted its stake in Cision by 188.8% during the second quarter. Bank of New York Mellon Corp now owns 141,037 shares of the company’s stock valued at $2,108,000 after purchasing an additional 92,202 shares during the last quarter. Millennium Management LLC lifted its stake in Cision by 402.5% during the first quarter. Millennium Management LLC now owns 609,366 shares of the company’s stock valued at $7,050,000 after purchasing an additional 488,098 shares during the last quarter. Finally, Strs Ohio acquired a new stake in Cision during the second quarter valued at approximately $171,000. 42.88% of the stock is owned by institutional investors and hedge funds.
In other Cision news, Director Mark Ein sold 715,599 shares of the stock in a transaction that occurred on Monday, September 17th. The shares were sold at an average price of $15.44, for a total value of $11,048,848.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director L. Dyson Dryden sold 35,911 shares of the stock in a transaction that occurred on Wednesday, September 19th. The stock was sold at an average price of $15.44, for a total transaction of $554,465.84. The disclosure for this sale can be found here. 6.70% of the stock is owned by corporate insiders.
Shares of NYSE:CISN opened at $14.76 on Friday. The company has a debt-to-equity ratio of 3.90, a current ratio of 0.81 and a quick ratio of 0.81. The company has a market capitalization of $1.93 billion, a P/E ratio of 64.17 and a beta of 0.18. Cision Ltd has a 52 week low of $11.13 and a 52 week high of $18.28.
Cision (NYSE:CISN) last issued its quarterly earnings results on Wednesday, August 8th. The company reported $0.23 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.22 by $0.01. The business had revenue of $187.50 million during the quarter, compared to the consensus estimate of $182.67 million. Cision had a negative net margin of 12.62% and a positive return on equity of 8.79%. The firm’s quarterly revenue was up 19.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.14 EPS. On average, research analysts expect that Cision Ltd will post 0.82 earnings per share for the current year.
Several brokerages recently commented on CISN. Zacks Investment Research downgraded shares of Cision from a “hold” rating to a “sell” rating in a research report on Monday, October 15th. Deutsche Bank downgraded shares of Cision from a “buy” rating to a “hold” rating and upped their price target for the company from $16.00 to $18.00 in a research report on Monday, October 8th. William Blair began coverage on shares of Cision in a research report on Wednesday, August 15th. They issued an “outperform” rating for the company. Citigroup began coverage on shares of Cision in a research report on Thursday, August 2nd. They issued a “buy” rating and a $21.00 price target for the company. Finally, JPMorgan Chase & Co. began coverage on shares of Cision in a research report on Monday, July 23rd. They issued a “neutral” rating and a $18.00 price target for the company. One analyst has rated the stock with a sell rating, two have assigned a hold rating and nine have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $18.30.
Cision Ltd. provides public relations (PR) software, media distribution, media intelligence, and related professional services worldwide. The company enables public relations and communications professionals to manage, execute, and measure their strategic PR and communications programs. It offers Cision Communications Cloud, an earned media cloud-based platform that brands can use to build relationships with influencers and buyers in order to amplify their marketplace influence; and provides media database that offers access to influencers when planning a campaign, as well as to schedule and record various interactions with contacts.
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