Forvis Mazars Wealth Advisors LLC Sells 4,627 Shares of Cisco Systems, Inc. $CSCO

Key Points

• Forvis Mazars Wealth Advisors LLC reduced its holdings in Cisco Systems by 3.1%, selling 4,627 shares during the first quarter, leaving them with 145,542 shares valued at approximately $8.98 million.
• Cisco Systems reported $0.99 earnings per share for the last quarter, exceeding analysts' expectations, along with a 7.6% year-over-year revenue increase to $14.67 billion.
• The company declared a quarterly dividend of $0.41 per share, scheduled for payment on October 22nd, reflecting an annualized yield of 2.5%.

Forvis Mazars Wealth Advisors LLC lessened its holdings in shares of Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 3.1% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 145,542 shares of the network equipment provider's stock after selling 4,627 shares during the period. Forvis Mazars Wealth Advisors LLC's holdings in Cisco Systems were worth $8,981,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Navigoe LLC acquired a new stake in Cisco Systems during the 4th quarter worth approximately $26,000. Mpwm Advisory Solutions LLC acquired a new position in Cisco Systems in the 4th quarter valued at $26,000. JDM Financial Group LLC raised its position in Cisco Systems by 160.4% during the 4th quarter. JDM Financial Group LLC now owns 487 shares of the network equipment provider's stock worth $29,000 after buying an additional 300 shares during the last quarter. Pandora Wealth Inc. acquired a new position in shares of Cisco Systems during the first quarter worth about $31,000. Finally, Fairway Wealth LLC lifted its position in Cisco Systems by 224.7% in the first quarter. Fairway Wealth LLC now owns 578 shares of the network equipment provider's stock valued at $36,000 after purchasing an additional 400 shares during the period. Institutional investors and hedge funds own 73.33% of the company's stock.

Cisco Systems Stock Performance

Shares of NASDAQ:CSCO traded down $0.19 on Tuesday, hitting $66.76. The company's stock had a trading volume of 18,488,695 shares, compared to its average volume of 21,593,236. The company has a market capitalization of $264.37 billion, a price-to-earnings ratio of 25.48, a price-to-earnings-growth ratio of 2.83 and a beta of 0.91. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.92 and a current ratio of 1.01. Cisco Systems, Inc. has a 12 month low of $47.85 and a 12 month high of $72.55. The stock's 50-day moving average is $68.00 and its two-hundred day moving average is $63.42.

Cisco Systems (NASDAQ:CSCO - Get Free Report) last announced its earnings results on Wednesday, August 13th. The network equipment provider reported $0.99 earnings per share for the quarter, beating the consensus estimate of $0.98 by $0.01. The business had revenue of $14.67 billion during the quarter, compared to analysts' expectations of $14.63 billion. Cisco Systems had a return on equity of 27.02% and a net margin of 18.45%.The company's quarterly revenue was up 7.6% on a year-over-year basis. During the same quarter last year, the business posted $0.87 earnings per share. Cisco Systems has set its Q1 2026 guidance at 0.970-0.990 EPS. FY 2026 guidance at 4.000-4.060 EPS. On average, equities research analysts forecast that Cisco Systems, Inc. will post 3.04 EPS for the current year.

Cisco Systems Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 22nd. Shareholders of record on Friday, October 3rd will be paid a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a yield of 2.5%. The ex-dividend date of this dividend is Friday, October 3rd. Cisco Systems's payout ratio is 62.60%.

Insider Buying and Selling at Cisco Systems

In other Cisco Systems news, EVP Thimaya K. Subaiya sold 8,726 shares of the business's stock in a transaction dated Tuesday, June 17th. The stock was sold at an average price of $65.54, for a total value of $571,902.04. Following the transaction, the executive vice president owned 174,669 shares in the company, valued at $11,447,806.26. The trade was a 4.76% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Deborah L. Stahlkopf sold 2,407 shares of the company's stock in a transaction on Wednesday, June 11th. The stock was sold at an average price of $64.01, for a total transaction of $154,072.07. Following the sale, the executive vice president directly owned 177,027 shares of the company's stock, valued at approximately $11,331,498.27. This represents a 1.34% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 77,731 shares of company stock valued at $5,021,519 in the last quarter. Corporate insiders own 0.01% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on CSCO shares. William Blair raised shares of Cisco Systems to a "hold" rating in a report on Thursday, August 14th. New Street Research reiterated a "neutral" rating and set a $70.00 price target on shares of Cisco Systems in a report on Friday, May 16th. Barclays raised their price target on Cisco Systems from $66.00 to $71.00 and gave the stock an "equal weight" rating in a research note on Thursday, August 14th. Bank of America lifted their target price on Cisco Systems from $76.00 to $85.00 and gave the company a "buy" rating in a report on Thursday, August 14th. Finally, Wall Street Zen downgraded shares of Cisco Systems from a "strong-buy" rating to a "buy" rating in a research report on Saturday, July 12th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and ten have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $74.53.

Cisco Systems Profile

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.