S. R. Schill & Associates raised its stake in Cisco Systems (NASDAQ:CSCO) by 87.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,606 shares of the network equipment provider’s stock after acquiring an additional 8,680 shares during the period. S. R. Schill & Associates’ holdings in Cisco Systems were worth $713,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Vantage Financial Partners Ltd. Inc. bought a new stake in Cisco Systems during the 2nd quarter worth $231,000. IFG Advisory LLC bought a new stake in Cisco Systems during the 4th quarter worth $2,375,000. Stonehearth Capital Management LLC bought a new stake in Cisco Systems during the 4th quarter worth $102,000. Goodman Financial Corp bought a new stake in Cisco Systems during the 4th quarter worth $115,000. Finally, Tarbox Family Office Inc. grew its position in Cisco Systems by 67.9% during the 4th quarter. Tarbox Family Office Inc. now owns 3,328 shares of the network equipment provider’s stock worth $127,000 after acquiring an additional 1,346 shares during the last quarter. 77.58% of the stock is owned by hedge funds and other institutional investors.
A number of equities research analysts recently weighed in on the company. Piper Jaffray restated an “overweight” rating and set a $49.00 price objective (up previously from $48.00) on shares of Cisco Systems in a research report on Wednesday, April 18th. Vetr lowered Cisco Systems from a “buy” rating to a “hold” rating and set a $46.32 price objective on the stock. in a research report on Wednesday, April 18th. Royal Bank of Canada restated a “buy” rating and set a $44.00 price objective on shares of Cisco Systems in a research report on Monday, February 12th. BMO Capital Markets boosted their price objective on Cisco Systems from $36.00 to $43.00 and gave the stock a “market perform” rating in a research report on Thursday, February 15th. Finally, Jefferies Group restated a “buy” rating and set a $48.00 price objective on shares of Cisco Systems in a research report on Thursday, February 15th. Eleven investment analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $44.26.
CSCO stock opened at $43.74 on Wednesday. Cisco Systems has a fifty-two week low of $30.36 and a fifty-two week high of $46.16. The company has a debt-to-equity ratio of 0.49, a quick ratio of 2.38 and a current ratio of 2.43. The company has a market cap of $213,175.17, a P/E ratio of 20.34, a PEG ratio of 3.16 and a beta of 1.14.
Cisco Systems (NASDAQ:CSCO) last posted its quarterly earnings results on Wednesday, February 14th. The network equipment provider reported $0.63 earnings per share for the quarter, topping analysts’ consensus estimates 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 business had revenue of $11.89 billion for the quarter, compared to the consensus estimate of $11.82 billion. During the same period in the prior year, the business earned $0.57 EPS. equities research analysts forecast that Cisco Systems will post 2.33 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 25th. Investors of record on Thursday, April 5th will be paid a dividend of $0.33 per share. This is an increase from Cisco Systems’s previous quarterly dividend of $0.29. This represents a $1.32 dividend on an annualized basis and a yield of 3.02%. The ex-dividend date is Wednesday, April 4th. Cisco Systems’s dividend payout ratio is 61.40%.
Cisco Systems announced that its Board of Directors has approved a stock repurchase program on Wednesday, February 14th that authorizes the company to repurchase $25.00 billion in shares. This repurchase authorization authorizes the network equipment provider to purchase shares of its stock through open market purchases. Shares repurchase programs are typically an indication that the company’s leadership believes its stock is undervalued.
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Cisco Systems Company 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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