Strs Ohio bought a new stake in Cision Ltd (NYSE:CISN) during the second quarter, Holdings Channel reports. The institutional investor bought 11,500 shares of the company’s stock, valued at approximately $171,000.
Several other large investors also recently added to or reduced their stakes in the company. Vaughan Nelson Investment Management L.P. purchased a new stake in shares of Cision in the second quarter valued at approximately $27,017,000. JPMorgan Chase & Co. boosted its stake in shares of Cision by 24.1% in the first quarter. JPMorgan Chase & Co. now owns 5,925,492 shares of the company’s stock valued at $68,558,000 after buying an additional 1,149,712 shares in the last quarter. Spitfire Capital LLC purchased a new stake in shares of Cision in the first quarter valued at approximately $7,022,000. First Pacific Advisors LLC purchased a new stake in shares of Cision in the first quarter valued at approximately $7,009,000. Finally, Citadel Advisors LLC purchased a new stake in shares of Cision in the first quarter valued at approximately $6,890,000. 42.88% of the stock is currently owned by institutional investors and hedge funds.
CISN opened at $15.98 on Friday. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 3.90. The firm has a market cap of $2.15 billion, a price-to-earnings ratio of 71.39 and a beta of 0.15. Cision Ltd has a one year low of $11.13 and a one year high of $18.28.
Cision (NYSE:CISN) last posted its earnings results on Wednesday, August 8th. The company reported $0.23 EPS for the quarter, topping the Zacks’ consensus estimate of $0.22 by $0.01. The company had revenue of $187.50 million for the quarter, compared to the consensus estimate of $182.67 million. Cision had a positive return on equity of 8.79% and a negative net margin of 12.62%. Cision’s quarterly revenue was up 19.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.14 earnings per share. equities analysts anticipate that Cision Ltd will post 0.82 earnings per share for the current year.
In other Cision news, Director Mark Ein sold 110,140 shares of the business’s stock in a transaction on Tuesday, July 10th. The stock was sold at an average price of $14.45, for a total transaction of $1,591,523.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director L. Dyson Dryden sold 244,755 shares of the business’s stock in a transaction on Tuesday, June 19th. The stock was sold at an average price of $14.45, for a total value of $3,536,709.75. The disclosure for this sale can be found here. 6.70% of the stock is currently owned by insiders.
A number of research firms recently weighed in on CISN. Zacks Investment Research upgraded Cision from a “sell” rating to a “hold” rating in a research note on Tuesday, August 21st. William Blair began coverage on Cision in a research note on Wednesday, August 15th. They issued an “outperform” rating on the stock. Citigroup began coverage on Cision in a research note on Thursday, August 2nd. They issued a “buy” rating and a $21.00 price target on the stock. JPMorgan Chase & Co. began coverage on Cision in a research note on Monday, July 23rd. They issued a “neutral” rating and a $18.00 price target on the stock. Finally, Royal Bank of Canada began coverage on Cision in a research note on Monday, July 9th. They issued an “outperform” rating and a $20.00 price target on the stock. Two equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $18.10.
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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