Cisco Systems, Inc. (CSCO) Holdings Lifted by HM Payson & Co.

HM Payson & Co. raised its holdings in Cisco Systems, Inc. (NASDAQ:CSCO) by 1.4% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 936,504 shares of the network equipment provider’s stock after purchasing an additional 13,358 shares during the quarter. Cisco Systems accounts for 1.4% of HM Payson & Co.’s investment portfolio, making the stock its 23rd largest position. HM Payson & Co.’s holdings in Cisco Systems were worth $31,495,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the business. Opes Advisors Inc grew its stake in Cisco Systems by 0.6% in the 2nd quarter. Opes Advisors Inc now owns 7,475 shares of the network equipment provider’s stock valued at $236,000 after purchasing an additional 44 shares during the period. Leisure Capital Management grew its stake in shares of Cisco Systems by 0.6% during the 2nd quarter. Leisure Capital Management now owns 7,454 shares of the network equipment provider’s stock worth $233,000 after acquiring an additional 48 shares during the period. Ronald Blue & Co. LLC grew its stake in shares of Cisco Systems by 0.3% during the 2nd quarter. Ronald Blue & Co. LLC now owns 17,912 shares of the network equipment provider’s stock worth $561,000 after acquiring an additional 57 shares during the period. Banced Corp grew its stake in shares of Cisco Systems by 0.4% during the 2nd quarter. Banced Corp now owns 14,143 shares of the network equipment provider’s stock worth $442,000 after acquiring an additional 59 shares during the period. Finally, GM Advisory Group Inc. grew its stake in shares of Cisco Systems by 0.3% during the 2nd quarter. GM Advisory Group Inc. now owns 19,548 shares of the network equipment provider’s stock worth $612,000 after acquiring an additional 61 shares during the period. Hedge funds and other institutional investors own 75.59% of the company’s stock.

In other Cisco Systems news, CAO Prat Bhatt sold 2,606 shares of the firm’s stock in a transaction dated Wednesday, November 22nd. The stock was sold at an average price of $36.49, for a total value of $95,092.94. Following the sale, the chief accounting officer now owns 89,184 shares of the company’s stock, valued at approximately $3,254,324.16. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Roderick C. Mcgeary sold 15,230 shares of the firm’s stock in a transaction dated Thursday, December 14th. The shares were sold at an average price of $38.00, for a total value of $578,740.00. Following the completion of the sale, the director now directly owns 113,154 shares in the company, valued at approximately $4,299,852. The disclosure for this sale can be found here. In the last ninety days, insiders sold 348,643 shares of company stock worth $12,892,271. Insiders own 0.05% of the company’s stock.

Several research analysts have recently weighed in on the company. BMO Capital Markets reiterated a “hold” rating and set a $32.00 price target on shares of Cisco Systems in a research note on Thursday, September 28th. KeyCorp reiterated an “overweight” rating and set a $43.00 price target (up previously from $39.00) on shares of Cisco Systems in a research note on Friday, January 19th. Piper Jaffray Companies reiterated an “overweight” rating and set a $44.00 price target on shares of Cisco Systems in a research note on Wednesday, January 10th. Zacks Investment Research downgraded Cisco Systems from a “buy” rating to a “hold” rating in a research note on Thursday, January 18th. Finally, Credit Suisse Group reiterated a “hold” rating and set a $35.00 price target on shares of Cisco Systems in a research note on Friday, October 6th. Thirteen investment analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $38.80.

Cisco Systems, Inc. (NASDAQ:CSCO) opened at $42.10 on Wednesday. Cisco Systems, Inc. has a 12 month low of $30.29 and a 12 month high of $42.13. The company has a quick ratio of 2.81, a current ratio of 2.87 and a debt-to-equity ratio of 0.39. The company has a market capitalization of $208,130.00, a PE ratio of 21.81, a price-to-earnings-growth ratio of 3.77 and a beta of 1.19.

Cisco Systems (NASDAQ:CSCO) last issued its earnings results on Wednesday, November 15th. The network equipment provider reported $0.61 EPS for the quarter, topping the consensus estimate of $0.60 by $0.01. Cisco Systems had a return on equity of 16.64% and a net margin of 20.26%. The business had revenue of $12.14 billion during the quarter, compared to the consensus estimate of $12.11 billion. During the same quarter last year, the company earned $0.61 EPS. The firm’s revenue was down 1.7% compared to the same quarter last year. equities analysts expect that Cisco Systems, Inc. will post 2.21 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 24th. Shareholders of record on Friday, January 5th will be issued a $0.29 dividend. The ex-dividend date of this dividend is Thursday, January 4th. This represents a $1.16 annualized dividend and a dividend yield of 2.76%. Cisco Systems’s payout ratio is currently 60.10%.

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Cisco Systems Profile

Cisco Systems, Inc designs and sells a range of products, provides services and delivers integrated solutions to develop and connect networks around the world. The Company operates through three geographic segments: Americas; Europe, the Middle East and Africa (EMEA), and Asia Pacific, Japan and China (APJC).

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Institutional Ownership by Quarter for Cisco Systems (NASDAQ:CSCO)

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