Schwab Charles Investment Management Inc. increased its stake in Cision Ltd (NYSE:CISN) by 62.8% in the 2nd quarter, HoldingsChannel reports. The fund owned 206,864 shares of the company’s stock after acquiring an additional 79,836 shares during the period. Schwab Charles Investment Management Inc.’s holdings in Cision were worth $3,093,000 at the end of the most recent reporting period.
Other institutional investors also recently bought and sold shares of the company. Vaughan Nelson Investment Management L.P. acquired a new stake in Cision during the second quarter valued at approximately $27,017,000. Wells Fargo & Company MN lifted its stake in Cision by 337.8% during the second quarter. Wells Fargo & Company MN now owns 705,980 shares of the company’s stock valued at $10,553,000 after purchasing an additional 544,740 shares during the last quarter. Amundi Pioneer Asset Management Inc. lifted its stake in Cision by 40.7% during the first quarter. Amundi Pioneer Asset Management Inc. now owns 630,600 shares of the company’s stock valued at $7,296,000 after purchasing an additional 182,300 shares during the last quarter. Millennium Management LLC lifted its position in shares of Cision by 402.5% in the 1st quarter. Millennium Management LLC now owns 609,366 shares of the company’s stock valued at $7,050,000 after acquiring an additional 488,098 shares in the last quarter. Finally, BlackRock Inc. lifted its position in shares of Cision by 197.1% in the 1st quarter. BlackRock Inc. now owns 602,106 shares of the company’s stock valued at $6,966,000 after acquiring an additional 399,417 shares in the last quarter. Institutional investors and hedge funds own 42.88% of the company’s stock.
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.
Cision (NYSE:CISN) last released its earnings results on Wednesday, August 8th. The company reported $0.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.22 by $0.01. Cision had a negative net margin of 12.62% and a positive return on equity of 8.79%. The company had revenue of $187.50 million during the quarter, compared to the consensus estimate of $182.67 million. During the same quarter in the prior year, the firm earned $0.14 EPS. The company’s revenue was up 19.2% compared to the same quarter last year. On average, research analysts expect that Cision Ltd will post 0.82 earnings per share for the current year.
Several equities research analysts recently commented on the stock. Deutsche Bank downgraded shares of Cision from a “buy” rating to a “hold” rating in a research report on Monday. Zacks Investment Research downgraded shares of Cision from a “hold” rating to a “sell” rating in a research report on Monday, August 13th. Citigroup assumed 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. Cowen assumed coverage on shares of Cision in a research report on Friday, June 29th. They issued an “outperform” rating and a $19.00 price target for the company. Finally, Royal Bank of Canada assumed coverage on shares of Cision in a research report on Monday, July 9th. They issued an “outperform” rating and a $20.00 price target for the company. Three equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $18.33.
Cision Company Profile
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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