Swiss National Bank raised its stake in shares of Cision Ltd (NYSE:CISN) by 18.8% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 73,300 shares of the company’s stock after buying an additional 11,600 shares during the period. Swiss National Bank’s holdings in Cision were worth $1,231,000 as of its most recent SEC filing.
Other large investors also recently modified their holdings of the company. BlackRock Inc. boosted its stake in shares of Cision by 338.3% during the 2nd quarter. BlackRock Inc. now owns 2,639,295 shares of the company’s stock valued at $39,457,000 after buying an additional 2,037,189 shares during the period. Quantum Capital Management acquired a new stake in shares of Cision during the 2nd quarter valued at $281,000. Bank of New York Mellon Corp raised its holdings in shares of Cision by 188.8% during the 2nd 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 in the last quarter. Raymond James & Associates bought a new position in shares of Cision during the 2nd quarter valued at $2,692,000. Finally, Strs Ohio bought a new position in shares of Cision during the 2nd quarter valued at $171,000. 52.75% of the stock is owned by institutional investors.
In other news, Director Mark Ein sold 715,599 shares of the business’s stock in a transaction dated Monday, September 17th. The shares were sold at an average price of $15.44, for a total transaction of $11,048,848.56. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director L. Dyson Dryden sold 35,911 shares of the business’s stock in a transaction dated 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. Insiders sold a total of 751,769 shares of company stock worth $11,606,500 in the last quarter. Insiders own 6.70% of the company’s stock.
Shares of CISN opened at $11.74 on Thursday. The firm has a market capitalization of $1.56 billion, a P/E ratio of 20.60 and a beta of 0.50. Cision Ltd has a one year low of $11.16 and a one year high of $18.28. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 3.95.
Cision (NYSE:CISN) last announced its earnings results on Wednesday, November 7th. The company reported $0.19 EPS for the quarter, hitting the consensus estimate of $0.19. The firm had revenue of $177.20 million for the quarter, compared to the consensus estimate of $176.92 million. Cision had a negative net margin of 6.65% and a positive return on equity of 31.58%. The company’s revenue for the quarter was up 10.9% compared to the same quarter last year. On average, research analysts expect that Cision Ltd will post 0.82 EPS for the current fiscal year.
CISN has been the topic of a number of recent research reports. Zacks Investment Research downgraded shares of Cision from a “hold” rating to a “sell” rating in a report on Thursday, November 8th. William Blair initiated coverage on shares of Cision in a report on Wednesday, August 15th. They set an “outperform” rating on the stock. ValuEngine downgraded shares of Cision from a “buy” rating to a “hold” rating in a report on Tuesday, November 6th. Finally, Deutsche Bank downgraded shares of Cision from a “buy” rating to a “hold” rating and raised their price target for the company from $16.00 to $18.00 in a report on Monday, October 8th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have given a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $18.30.
ILLEGAL ACTIVITY NOTICE: This report was originally published by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are reading this report on another domain, it was illegally stolen and republished in violation of international copyright & trademark laws. The legal version of this report can be viewed at https://www.dispatchtribunal.com/2018/12/06/swiss-national-bank-raises-holdings-in-cision-ltd-cisn.html.
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.
Further Reading: What are different types of coverage ratios?
Want to see what other hedge funds are holding CISN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Cision Ltd (NYSE:CISN).
Receive News & Ratings for Cision Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cision and related companies with MarketBeat.com's FREE daily email newsletter.