Evermay Wealth Management Upped Cisco Sys (CSCO) Holding By $364,800; RPC Has 1.23 Sentiment

May 24, 2018 - By Robert Thomas

Cisco Systems, Inc. (NASDAQ:CSCO) Logo

Evermay Wealth Management Llc increased Cisco Sys Inc (CSCO) stake by 108.74% reported in 2017Q4 SEC filing. Evermay Wealth Management Llc acquired 9,600 shares as Cisco Sys Inc (CSCO)’s stock rose 10.71%. The Evermay Wealth Management Llc holds 18,428 shares with $706,000 value, up from 8,828 last quarter. Cisco Sys Inc now has $208.91B valuation. The stock decreased 0.72% or $0.315 during the last trading session, reaching $43.365. About 10.61 million shares traded. Cisco Systems, Inc. (NASDAQ:CSCO) has risen 25.57% since May 24, 2017 and is uptrending. It has outperformed by 14.02% the S&P500.

RPC Inc (RES) investors sentiment increased to 1.23 in 2017 Q4. It’s up 0.29, from 0.94 in 2017Q3. The ratio improved, as 113 active investment managers increased or opened new equity positions, while 92 trimmed and sold stock positions in RPC Inc. The active investment managers in our database now hold: 75.74 million shares, down from 80.91 million shares in 2017Q3. Also, the number of active investment managers holding RPC Inc in top ten equity positions decreased from 4 to 3 for a decrease of 1. Sold All: 19 Reduced: 73 Increased: 64 New Position: 49.

RPC, Inc. provides a range of oilfield services and equipment for gas and oil companies involved in the exploration, production, and development of gas and oil properties in the United States, Africa, Canada, Argentina, China, Mexico, Eastern Europe, Latin America, and the Middle East. The company has market cap of $3.95 billion. The firm operates in two divisions, Technical Services and Support Services. It has a 24.47 P/E ratio. The Technical Services segment offers pressure pumping, fracturing, acidizing, downhole tools, coiled tubing, snubbing, nitrogen, well control, wireline, and fishing services that are used in the completion, production, and maintenance of gas and oil wells.

Another recent and important RPC, Inc. (NYSE:RES) news was published by Seekingalpha.com which published an article titled: “RPC down 6% on Q1 results miss” on April 25, 2018.

The stock decreased 2.08% or $0.39 during the last trading session, reaching $18.33. About 407,069 shares traded. RPC, Inc. (RES) has risen 5.99% since May 24, 2017 and is uptrending. It has underperformed by 5.56% the S&P500.

Since January 1, 0001, it had 0 insider purchases, and 2 insider sales for $337,881 activity.

Analysts await RPC, Inc. (NYSE:RES) to report earnings on July, 25. They expect $0.31 EPS, up 55.00% or $0.11 from last year’s $0.2 per share. RES’s profit will be $66.80M for 14.78 P/E if the $0.31 EPS becomes a reality. After $0.24 actual EPS reported by RPC, Inc. for the previous quarter, Wall Street now forecasts 29.17% EPS growth.

Arosa Capital Management Lp holds 4.07% of its portfolio in RPC, Inc. for 1.04 million shares. Mraz Amerine & Associates Inc. owns 366,222 shares or 2.87% of their US portfolio. Moreover, Viking Fund Management Llc has 2.75% invested in the company for 660,000 shares. The Massachusetts-based Copper Rock Capital Partners Llc has invested 2.6% in the stock. Riggs Asset Managment Co. Inc., a Pennsylvania-based fund reported 250,947 shares.

Among 39 analysts covering Cisco Systems Inc. (NASDAQ:CSCO), 29 have Buy rating, 0 Sell and 10 Hold. Therefore 74% are positive. Cisco Systems Inc. had 170 analyst reports since August 4, 2015 according to SRatingsIntel. As per Thursday, February 15, the company rating was maintained by Bank of America. The rating was maintained by UBS with “Buy” on Thursday, August 18. Jefferies maintained Cisco Systems, Inc. (NASDAQ:CSCO) rating on Tuesday, September 5. Jefferies has “Buy” rating and $37.0 target. The stock has “Buy” rating by Deutsche Bank on Thursday, November 16. The firm has “Buy” rating by Cowen & Co given on Thursday, November 16. The company was maintained on Thursday, August 18 by Piperjaffray. The rating was maintained by Morgan Stanley on Monday, February 26 with “Overweight”. The stock has “Market Perform” rating by JMP Securities on Thursday, August 18. The company was maintained on Wednesday, September 6 by RBC Capital Markets. On Monday, May 14 the stock rating was maintained by Cowen & Co with “Buy”.

Since December 14, 2017, it had 0 insider buys, and 5 selling transactions for $10.28 million activity. SARIN ARUN had sold 14,189 shares worth $625,751 on Tuesday, February 20. On Thursday, March 15 Goeckeler David sold $940,559 worth of Cisco Systems, Inc. (NASDAQ:CSCO) or 20,671 shares. BURNS M MICHELE also sold $550,153 worth of Cisco Systems, Inc. (NASDAQ:CSCO) shares. MCGEARY RODERICK C also sold $578,740 worth of Cisco Systems, Inc. (NASDAQ:CSCO) shares. BARTZ CAROL also sold $7.59 million worth of Cisco Systems, Inc. (NASDAQ:CSCO) shares.

RPC, Inc. (NYSE:RES) Institutional Positions Chart

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