Cisco Systems, Inc. (NASDAQ:CSCO) Shares Sold by SS&H Financial Advisors Inc.

SS&H Financial Advisors Inc. lessened its position in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 0.8% during the 4th quarter, Holdings Channel reports. The firm owned 70,531 shares of the network equipment provider’s stock after selling 575 shares during the quarter. Cisco Systems comprises 1.5% of SS&H Financial Advisors Inc.’s portfolio, making the stock its 12th largest holding. SS&H Financial Advisors Inc.’s holdings in Cisco Systems were worth $4,176,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Board of the Pension Protection Fund acquired a new stake in shares of Cisco Systems in the fourth quarter worth $314,000. Allen Mooney & Barnes Investment Advisors LLC boosted its holdings in Cisco Systems by 0.5% in the fourth quarter. Allen Mooney & Barnes Investment Advisors LLC now owns 198,095 shares of the network equipment provider’s stock valued at $11,727,000 after purchasing an additional 1,000 shares during the last quarter. Fifth Third Wealth Advisors LLC grew its position in Cisco Systems by 4.3% during the 4th quarter. Fifth Third Wealth Advisors LLC now owns 56,084 shares of the network equipment provider’s stock worth $3,320,000 after purchasing an additional 2,296 shares during the period. CCLA Investment Management lifted its holdings in shares of Cisco Systems by 27.6% in the 4th quarter. CCLA Investment Management now owns 60,553 shares of the network equipment provider’s stock valued at $3,582,000 after buying an additional 13,111 shares during the period. Finally, Pines Wealth Management LLC acquired a new stake in Cisco Systems during the fourth quarter worth about $993,000. 73.33% of the stock is owned by institutional investors and hedge funds.

Cisco Systems Price Performance

Shares of NASDAQ CSCO opened at $59.33 on Wednesday. The stock’s 50-day moving average is $58.79 and its two-hundred day moving average is $53.34. The company has a market cap 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. Cisco Systems, Inc. has a 1-year low of $44.50 and a 1-year high of $60.23. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.88 and a quick ratio of 0.80.

Cisco Systems (NASDAQ:CSCO) last released 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. Cisco Systems had a net margin of 17.73% and a return on equity of 25.70%. The company had revenue of $13.84 billion during the quarter, compared to the consensus estimate of $13.78 billion. During the same quarter in the prior year, the firm posted $0.98 earnings per share. Cisco Systems’s revenue for the quarter was down 5.6% on a year-over-year basis. Analysts forecast that Cisco Systems, Inc. will post 2.97 EPS for the current fiscal year.

Cisco Systems Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 22nd. Stockholders of record on Friday, January 3rd will be issued a $0.40 dividend. The ex-dividend date of this dividend is Friday, January 3rd. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.70%. Cisco Systems’s dividend payout ratio is presently 68.67%.

Analyst Upgrades and Downgrades

CSCO has been the subject of a number of analyst reports. UBS Group boosted their price target on Cisco Systems from $55.00 to $62.00 and gave the company a “neutral” rating in a report on Thursday, November 14th. Evercore ISI increased their price target on shares of Cisco Systems from $55.00 to $60.00 and gave the stock an “outperform” rating in a report on Friday, September 20th. Tigress Financial lifted their price objective on shares of Cisco Systems from $76.00 to $78.00 and gave the company a “buy” rating in a report on Monday, October 14th. Melius upgraded Cisco Systems from a “hold” rating to a “buy” rating and raised their target price for the company from $66.00 to $73.00 in a research report on Monday, January 6th. Finally, Melius Research raised Cisco Systems from a “hold” rating to a “strong-buy” rating in a report on Monday, January 6th. Eight investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $61.28.

Insider Activity

In other Cisco Systems news, EVP Thimaya K. Subaiya sold 21,230 shares of the business’s stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $57.07, for a total value of $1,211,596.10. Following the completion of the transaction, the executive vice president now directly owns 213,834 shares in the company, valued at approximately $12,203,506.38. The trade was a 9.03 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Richard Scott Herren sold 86,351 shares of the company’s stock in a transaction dated Friday, November 15th. The shares were 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 directly owns 365,314 shares of the company’s stock, valued at approximately $21,001,901.86. This represents a 19.12 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 353,522 shares of company stock worth $20,349,721. Company insiders own 0.01% of the company’s stock.

About Cisco Systems

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.