Janus Henderson Group PLC Purchases 1,724,695 Shares of Cision Ltd (CISN)

Janus Henderson Group PLC raised its stake in Cision Ltd (NYSE:CISN) by 27.0% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 8,106,547 shares of the company’s stock after purchasing an additional 1,724,695 shares during the quarter. Janus Henderson Group PLC owned 5.47% of Cision worth $111,627,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in CISN. JPMorgan Chase & Co. lifted its position in Cision by 6.8% in the third quarter. JPMorgan Chase & Co. now owns 6,488,779 shares of the company’s stock valued at $109,011,000 after purchasing an additional 410,854 shares during the last quarter. Bank of New York Mellon Corp lifted its position in Cision by 23.0% in the third 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. BlackRock Inc. lifted its position in Cision by 34.6% in the third quarter. BlackRock Inc. now owns 3,551,916 shares of the company’s stock valued at $59,672,000 after purchasing an additional 912,621 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in Cision by 177.1% in the third quarter. Dimensional Fund Advisors LP now owns 532,588 shares of the company’s stock valued at $8,948,000 after purchasing an additional 340,379 shares during the last quarter. Finally, Teachers Advisors LLC lifted its position in Cision by 42.2% in the third quarter. Teachers Advisors LLC now owns 105,296 shares of the company’s stock valued at $1,769,000 after purchasing an additional 31,258 shares during the last quarter. Hedge funds and other institutional investors own 49.09% of the company’s stock.

Several brokerages have weighed in on CISN. ValuEngine downgraded Cision from a “buy” rating to a “hold” rating in a research report on Monday, April 1st. Zacks Investment Research upgraded Cision from a “sell” rating to a “hold” rating in a research report on Thursday, January 24th. Five research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Cision currently has an average rating of “Buy” and an average price target of $18.20.

In other news, insider Rainer Mathes sold 15,000 shares of the business’s stock in a transaction that occurred on Wednesday, April 17th. The stock was sold at an average price of $12.41, for a total transaction of $186,150.00. Following the transaction, the insider now directly owns 1,727,769 shares of the company’s stock, valued at $21,441,613.29. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 6.70% of the stock is currently owned by insiders.

CISN opened at $11.77 on Monday. The company has a debt-to-equity ratio of 4.18, a quick ratio of 0.89 and a current ratio of 0.89. Cision Ltd has a 52-week low of $10.86 and a 52-week high of $18.28. The company has a market cap of $1.78 billion, a PE ratio of 14.18 and a beta of 0.51.

Cision (NYSE:CISN) last posted its earnings results on Thursday, February 28th. The company reported $0.22 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.22. Cision had a positive return on equity of 34.60% and a negative net margin of 3.34%. The firm had revenue of $186.37 million for the quarter, compared to analysts’ expectations of $186.45 million. As a group, equities analysts anticipate that Cision Ltd will post 0.8 EPS for the current year.

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Cision 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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