Panagora Asset Management Inc. acquired a new stake in Cision Ltd (NYSE:CISN) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 93,047 shares of the company’s stock, valued at approximately $1,091,000. Panagora Asset Management Inc. owned about 0.06% of Cision at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently modified their holdings of CISN. Meeder Asset Management Inc. grew its position in shares of Cision by 332.2% in the 2nd quarter. Meeder Asset Management Inc. now owns 4,953 shares of the company’s stock worth $58,000 after acquiring an additional 3,807 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Cision by 290.5% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,216 shares of the company’s stock valued at $73,000 after acquiring an additional 4,624 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. bought a new position in shares of Cision in the 2nd quarter valued at about $119,000. Gamco Investors INC. ET AL bought a new position in shares of Cision in the 2nd quarter valued at about $141,000. Finally, BNP Paribas Arbitrage SA grew its holdings in shares of Cision by 1,088.7% in the 1st quarter. BNP Paribas Arbitrage SA now owns 15,465 shares of the company’s stock valued at $213,000 after acquiring an additional 14,164 shares in the last quarter. Institutional investors own 54.95% of the company’s stock.
Several equities research analysts recently issued reports on CISN shares. BMO Capital Markets cut their target price on shares of Cision from $17.00 to $14.00 and set an “outperform” rating for the company in a research note on Friday, August 9th. Zacks Investment Research upgraded shares of Cision from a “sell” rating to a “hold” rating in a research note on Tuesday, September 3rd. Finally, Cowen set a $14.00 target price on shares of Cision and gave the company a “buy” rating in a research note on Monday, August 12th. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $14.50.
NYSE:CISN traded down $0.01 during mid-day trading on Thursday, hitting $7.73. The stock had a trading volume of 10,170 shares, compared to its average volume of 642,778. Cision Ltd has a twelve month low of $6.02 and a twelve month high of $17.76. The stock has a market cap of $1.10 billion, a price-to-earnings ratio of 9.30 and a beta of 0.79. The company’s 50 day simple moving average is $7.91 and its 200 day simple moving average is $11.04. The company has a debt-to-equity ratio of 2.75, a quick ratio of 0.81 and a current ratio of 0.81.
Cision (NYSE:CISN) last issued its earnings results on Thursday, August 8th. The company reported $0.19 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.19. The business had revenue of $190.50 million during the quarter, compared to the consensus estimate of $191.44 million. Cision had a negative net margin of 1.84% and a positive return on equity of 27.68%. Cision’s revenue was up 1.6% on a year-over-year basis. During the same period last year, the business posted $0.23 EPS. As a group, equities analysts forecast that Cision Ltd will post 0.77 earnings per share for the current year.
In related news, insider Rainer Mathes sold 15,662 shares of Cision stock in a transaction that occurred on Thursday, July 11th. The shares were sold at an average price of $10.95, for a total value of $171,498.90. Following the transaction, the insider now directly owns 1,659,249 shares of the company’s stock, valued at $18,168,776.55. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders sold 58,662 shares of company stock worth $645,809 over the last three months. 4.80% of the stock is currently owned by insiders.
Cision Ltd. provides public relations (PR) software, media distribution, media intelligence, and related professional services to businesses worldwide. The company enables public relations and communications professionals to manage, execute, and measure their strategic PR and communications programs.
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