SS&H Financial Advisors Inc. Lowers Position in Cisco Systems, Inc. (NASDAQ:CSCO)

SS&H Financial Advisors Inc. decreased its stake in Cisco Systems, Inc. (NASDAQ:CSCO) by 0.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 70,531 shares of the network equipment provider’s stock after selling 575 shares during the quarter. Cisco Systems makes up 1.5% of SS&H Financial Advisors Inc.’s portfolio, making the stock its 12th biggest holding. SS&H Financial Advisors Inc.’s holdings in Cisco Systems were worth $4,176,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the stock. Quest Partners LLC bought a new position in shares of Cisco Systems during the 2nd quarter valued at approximately $62,000. Brown Brothers Harriman & Co. lifted its position in Cisco Systems by 19.0% during the second quarter. Brown Brothers Harriman & Co. now owns 121,055 shares of the network equipment provider’s stock valued at $5,751,000 after purchasing an additional 19,338 shares during the last quarter. Excalibur Management Corp grew its stake in shares of Cisco Systems by 4.4% in the 2nd quarter. Excalibur Management Corp now owns 44,370 shares of the network equipment provider’s stock worth $2,108,000 after buying an additional 1,882 shares in the last quarter. Axxcess Wealth Management LLC raised its position in shares of Cisco Systems by 3.4% during the 2nd quarter. Axxcess Wealth Management LLC now owns 147,045 shares of the network equipment provider’s stock valued at $6,986,000 after buying an additional 4,847 shares in the last quarter. Finally, Cranbrook Wealth Management LLC lifted its holdings in shares of Cisco Systems by 539.1% in the 2nd quarter. Cranbrook Wealth Management LLC now owns 5,688 shares of the network equipment provider’s stock valued at $270,000 after acquiring an additional 4,798 shares during the last quarter. 73.33% of the stock is owned by hedge funds and other institutional investors.

Cisco Systems Trading Up 1.0 %

NASDAQ CSCO opened at $59.33 on Wednesday. Cisco Systems, Inc. has a one year low of $44.50 and a one year high of $60.23. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.80 and a current ratio of 0.88. The company has a market capitalization of $236.30 billion, a price-to-earnings ratio of 25.46, a price-to-earnings-growth ratio of 4.37 and a beta of 0.85. The company’s 50-day simple moving average is $58.79 and its two-hundred day simple moving average is $53.34.

Cisco Systems (NASDAQ:CSCO) last issued its quarterly earnings data on Wednesday, November 13th. The network equipment provider reported $0.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.87 by $0.04. The company had revenue of $13.84 billion for the quarter, compared to analyst estimates of $13.78 billion. Cisco Systems had a net margin of 17.73% and a return on equity of 25.70%. Cisco Systems’s revenue was down 5.6% compared to the same quarter last year. During the same period last year, the company posted $0.98 earnings per share. Equities analysts forecast that Cisco Systems, Inc. will post 2.97 EPS for the current fiscal year.

Cisco Systems Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 22nd. Investors of record on Friday, January 3rd will be paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.70%. The ex-dividend date is Friday, January 3rd. Cisco Systems’s dividend payout ratio (DPR) is currently 68.67%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on CSCO shares. Morgan Stanley upped their price objective on Cisco Systems from $62.00 to $68.00 and gave the company an “overweight” rating in a research report on Tuesday, December 17th. Melius Research upgraded shares of Cisco Systems from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 6th. Citigroup raised their target price on shares of Cisco Systems from $62.00 to $64.00 and gave the stock a “buy” rating in a report on Thursday, November 14th. Wells Fargo & Company lifted their price target on shares of Cisco Systems from $57.00 to $60.00 and gave the stock an “equal weight” rating in a research note on Thursday, November 14th. Finally, JPMorgan Chase & Co. raised shares of Cisco Systems from a “neutral” rating to an “overweight” rating and increased their price objective for the stock from $55.00 to $66.00 in a research report on Monday, November 11th. Eight investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, Cisco Systems currently has an average rating of “Moderate Buy” and an average target price of $61.28.

Insider Buying and Selling at Cisco Systems

In other news, Director Kristina M. Johnson sold 7,500 shares of the firm’s stock in a transaction dated Friday, December 6th. The shares were sold at an average price of $59.87, for a total value of $449,025.00. Following the sale, the director now directly owns 65,915 shares in the company, valued at approximately $3,946,331.05. This trade represents a 10.22 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Richard Scott Herren sold 86,351 shares of the business’s stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $57.49, for a total transaction of $4,964,318.99. Following the transaction, the chief financial officer now owns 365,314 shares of the company’s stock, valued at approximately $21,001,901.86. This trade represents a 19.12 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 353,522 shares of company stock worth $20,349,721 over the last quarter. Insiders own 0.01% of the company’s stock.

Cisco Systems Company Profile

Cisco Systems, Inc designs, manufactures, and sells Internet Protocol based networking and other products related to the communications and information technology industry in the Americas, Europe, the Middle East, Africa, the Asia Pacific, Japan, and China. The company also offers switching portfolio encompasses campus switching as well as data center switching; enterprise routing portfolio interconnects public and private wireline and mobile networks, delivering highly secure, and reliable connectivity to campus, data center and branch networks; wireless products include wireless access points and controllers; and compute portfolio including the cisco unified computing system, hyperflex, and software management capabilities, which combine computing, networking, and storage infrastructure management and virtualization.