BKD Wealth Advisors LLC raised its holdings in Cisco Systems, Inc. (NASDAQ:CSCO) by 3.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 134,167 shares of the network equipment provider’s stock after buying an additional 5,093 shares during the quarter. Cisco Systems makes up approximately 0.5% of BKD Wealth Advisors LLC’s holdings, making the stock its 24th largest holding. BKD Wealth Advisors LLC’s holdings in Cisco Systems were worth $5,139,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds have also bought and sold shares of the company. Stonehearth Capital Management LLC acquired a new position in shares of Cisco Systems in the 4th quarter valued at approximately $102,000. Mountain Capital Investment Advisors Inc acquired a new stake in shares of Cisco Systems during the 2nd quarter valued at approximately $104,000. Manchester Capital Management LLC raised its position in shares of Cisco Systems by 10.7% during the 2nd quarter. Manchester Capital Management LLC now owns 3,606 shares of the network equipment provider’s stock valued at $113,000 after acquiring an additional 350 shares in the last quarter. Ffcm LLC raised its position in shares of Cisco Systems by 2,025.0% during the 2nd quarter. Ffcm LLC now owns 3,740 shares of the network equipment provider’s stock valued at $117,000 after acquiring an additional 3,564 shares in the last quarter. Finally, Archford Capital Strategies LLC raised its position in shares of Cisco Systems by 35.7% during the 2nd quarter. Archford Capital Strategies LLC now owns 9,513 shares of the network equipment provider’s stock valued at $126,000 after acquiring an additional 2,503 shares in the last quarter. Institutional investors own 77.56% of the company’s stock.
In other news, Director M Michele Burns sold 12,126 shares of the business’s stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $45.37, for a total value of $550,156.62. Following the sale, the director now directly owns 74,479 shares in the company, valued at $3,379,112.23. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP David Goeckeler sold 20,671 shares of the business’s stock in a transaction dated Thursday, March 15th. The shares were sold at an average price of $45.50, for a total value of $940,530.50. The disclosure for this sale can be found here. Over the last three months, insiders sold 46,986 shares of company stock valued at $2,116,422. Insiders own 0.05% of the company’s stock.
Several brokerages have weighed in on CSCO. Vetr lowered Cisco Systems from a “strong-buy” rating to a “buy” rating and set a $46.32 target price on the stock. in a research report on Monday. Royal Bank of Canada reissued a “buy” rating and issued a $44.00 price target on shares of Cisco Systems in a research note on Monday, February 12th. Piper Jaffray reissued an “overweight” rating and issued a $44.00 price target on shares of Cisco Systems in a research note on Wednesday, January 10th. BMO Capital Markets raised their target price on Cisco Systems from $36.00 to $43.00 and gave the company a “market perform” rating in a research note on Thursday, February 15th. Finally, Jefferies Group reaffirmed a “buy” rating and set a $48.00 target price on shares of Cisco Systems in a research note on Thursday, February 15th. Ten research analysts have rated the stock with a hold rating, twenty-five have given a buy rating and two have issued a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $44.23.
CSCO traded down $1.09 during trading on Friday, hitting $40.73. The company’s stock had a trading volume of 32,208,693 shares, compared to its average volume of 28,736,010. The company has a debt-to-equity ratio of 0.49, a quick ratio of 2.38 and a current ratio of 2.43. Cisco Systems, Inc. has a 12 month low of $30.36 and a 12 month high of $46.16. The company has a market cap of $196,217.52, a price-to-earnings ratio of 18.94, a PEG ratio of 2.73 and a beta of 1.14.
Cisco Systems (NASDAQ:CSCO) last released its earnings results on Wednesday, February 14th. The network equipment provider reported $0.63 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.59 by $0.04. Cisco Systems had a positive return on equity of 17.77% and a negative net margin of 3.00%. The company had revenue of $11.89 billion during the quarter, compared to analysts’ expectations of $11.82 billion. During the same period last year, the firm earned $0.57 EPS. research analysts predict that Cisco Systems, Inc. will post 2.33 EPS for the current fiscal year.
Cisco Systems announced that its board has initiated a stock repurchase program on Wednesday, February 14th that authorizes the company to buyback $25.00 billion in outstanding shares. This buyback authorization authorizes the network equipment provider to buy shares of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board believes its stock is undervalued.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 25th. Shareholders of record on Thursday, April 5th will be paid a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 3.24%. This is a boost from Cisco Systems’s previous quarterly dividend of $0.29. The ex-dividend date of this dividend is Wednesday, April 4th. Cisco Systems’s payout ratio is presently 61.40%.
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Cisco Systems Profile
Cisco Systems, Inc designs, manufactures, and sells Internet Protocol (IP) based networking and other products related to the communications and information technology industry worldwide. The company offers switching products, including fixed-configuration and modular switches, and storage products that provide connectivity to end users, workstations, IP phones, wireless access points, and servers; and next-generation network routing products that interconnect public and private wireline and mobile networks for mobile, data, voice, and video applications.
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