Raymond James & Associates Decreases Holdings in Cision Ltd (CISN)

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Raymond James & Associates lowered its position in Cision Ltd (NYSE:CISN) by 1.9% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 245,215 shares of the company’s stock after selling 4,750 shares during the period. Raymond James & Associates’ holdings in Cision were worth $3,377,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the business. Bank of New York Mellon Corp grew its holdings in shares of Cision by 23.0% during the 3rd quarter. Bank of New York Mellon Corp now owns 173,501 shares of the company’s stock valued at $2,915,000 after purchasing an additional 32,464 shares during the last quarter. TIAA CREF Investment Management LLC boosted its position in Cision by 15.7% during the 3rd quarter. TIAA CREF Investment Management LLC now owns 99,377 shares of the company’s stock valued at $1,670,000 after buying an additional 13,477 shares during the period. Morgan Stanley boosted its position in Cision by 86.2% during the 3rd quarter. Morgan Stanley now owns 157,054 shares of the company’s stock valued at $2,639,000 after buying an additional 72,721 shares during the period. Legal & General Group Plc boosted its position in Cision by 52.0% during the 3rd quarter. Legal & General Group Plc now owns 8,872 shares of the company’s stock valued at $149,000 after buying an additional 3,037 shares during the period. Finally, Rhumbline Advisers boosted its position in Cision by 96.1% during the 4th quarter. Rhumbline Advisers now owns 88,261 shares of the company’s stock valued at $1,033,000 after buying an additional 43,244 shares during the period. Institutional investors own 51.35% of the company’s stock.

In other news, insider Rainer Mathes sold 17,819 shares of the firm’s stock in a transaction dated Tuesday, May 28th. The shares were sold at an average price of $10.86, for a total value of $193,514.34. Following the completion of the sale, the insider now directly owns 1,694,949 shares of the company’s stock, valued at approximately $18,407,146.14. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Over the last ninety days, insiders sold 65,639 shares of company stock valued at $755,346. Corporate insiders own 6.70% of the company’s stock.

Shares of CISN opened at $11.30 on Friday. The firm has a market cap of $1.66 billion, a price-to-earnings ratio of 13.61 and a beta of 0.60. The company has a debt-to-equity ratio of 2.72, a current ratio of 0.77 and a quick ratio of 0.77. Cision Ltd has a twelve month low of $10.40 and a twelve month high of $18.28.

Cision (NYSE:CISN) last announced its quarterly earnings results on Thursday, May 9th. The company reported $0.19 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.19. The business had revenue of $185.80 million during the quarter, compared to analysts’ expectations of $188.40 million. Cision had a negative net margin of 1.68% and a positive return on equity of 31.61%. During the same quarter in the prior year, the company posted $0.19 EPS. The firm’s revenue for the quarter was up 3.6% compared to the same quarter last year. As a group, equities research analysts forecast that Cision Ltd will post 0.79 EPS for the current fiscal year.

Several equities research analysts have weighed in on the stock. Zacks Investment Research raised shares of Cision from a “sell” rating to a “hold” rating in a research report on Tuesday, May 7th. ValuEngine cut shares of Cision from a “buy” rating to a “hold” rating in a research report on Monday, April 1st. Five equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Cision currently has an average rating of “Buy” and a consensus target price of $18.29.

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Cision Company Profile

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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Institutional Ownership by Quarter for Cision (NYSE:CISN)

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