Dale Q Rice Investment Management Ltd Decreases Stock Position in Cisco Systems, Inc. $CSCO

Key Points

• Dale Q Rice Investment Management Ltd has decreased its stake in Cisco Systems, Inc. by 50%, leaving it with 3,629 shares valued at approximately $244,000.
• Cisco recently reported earnings of $0.99 EPS for the quarter, exceeding analysts' expectations, with a year-over-year revenue increase of 7.6%.
• The company has announced a quarterly dividend of $0.41 per share, with an annualized yield of 2.3%, to be paid on October 22nd.

Dale Q Rice Investment Management Ltd cut its holdings in Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 50.0% in the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 3,629 shares of the network equipment provider's stock after selling 3,629 shares during the quarter. Dale Q Rice Investment Management Ltd's holdings in Cisco Systems were worth $244,000 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 CSCO. Financial Connections Group Inc. boosted its position in Cisco Systems by 89.4% in the second quarter. Financial Connections Group Inc. now owns 409 shares of the network equipment provider's stock valued at $28,000 after buying an additional 193 shares during the last quarter. Brown Shipley& Co Ltd acquired a new position in Cisco Systems in the 2nd quarter worth approximately $32,000. Pandora Wealth Inc. purchased a new position in Cisco Systems during the first quarter valued at approximately $31,000. Nova Wealth Management Inc. purchased a new position in Cisco Systems during the first quarter valued at approximately $31,000. Finally, Fairway Wealth LLC raised its position in Cisco Systems by 224.7% during the first quarter. Fairway Wealth LLC now owns 578 shares of the network equipment provider's stock valued at $36,000 after acquiring an additional 400 shares in the last quarter. 73.33% of the stock is currently owned by hedge funds and other institutional investors.

Cisco Systems Price Performance

NASDAQ:CSCO opened at $70.13 on Friday. Cisco Systems, Inc. has a 52 week low of $52.11 and a 52 week high of $72.55. The company has a quick ratio of 0.91, a current ratio of 1.00 and a debt-to-equity ratio of 0.49. The company has a market capitalization of $277.24 billion, a P/E ratio of 26.77, a P/E/G ratio of 2.91 and a beta of 0.97. The stock's fifty day moving average is $68.20 and its two-hundred day moving average is $65.11.

Cisco Systems (NASDAQ:CSCO - Get Free Report) last posted its earnings results on Wednesday, August 13th. The network equipment provider reported $0.99 EPS for the quarter, beating analysts' consensus estimates of $0.98 by $0.01. Cisco Systems had a return on equity of 27.06% and a net margin of 18.45%.The company had revenue of $14.67 billion for the quarter, compared to the consensus estimate of $14.63 billion. During the same quarter in the previous year, the business earned $0.87 earnings per share. The company's revenue for the quarter was up 7.6% on a year-over-year basis. Cisco Systems has set its Q1 2026 guidance at 0.970-0.990 EPS. FY 2026 guidance at 4.000-4.060 EPS. Equities analysts expect 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 given a $0.41 dividend. The ex-dividend date is Friday, October 3rd. This represents a $1.64 dividend on an annualized basis and a yield of 2.3%. Cisco Systems's payout ratio is currently 62.60%.

Analyst Upgrades and Downgrades

Several analysts have commented on CSCO shares. JPMorgan Chase & Co. raised their price objective on Cisco Systems from $73.00 to $78.00 and gave the company an "overweight" rating in a report on Thursday, July 17th. Hsbc Global Res lowered Cisco Systems from a "strong-buy" rating to a "hold" rating in a research note on Friday, August 15th. Wolfe Research started coverage on Cisco Systems in a research note on Tuesday, July 8th. They set a "peer perform" rating on the stock. Morgan Stanley boosted their price objective on Cisco Systems from $73.00 to $77.00 and gave the stock an "overweight" rating in a research note on Friday, October 10th. Finally, Barclays boosted their price objective 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. One investment analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and ten have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $74.72.

Insider Buying and Selling

In other Cisco Systems news, EVP Oliver Tuszik sold 17,526 shares of Cisco Systems stock in a transaction on Friday, September 19th. The stock was sold at an average price of $67.95, for a total value of $1,190,891.70. Following the sale, the executive vice president owned 198,855 shares in the company, valued at $13,512,197.25. The trade was a 8.10% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Thimaya K. Subaiya sold 1,744 shares of Cisco Systems stock in a transaction on Friday, September 12th. The shares were sold at an average price of $66.78, for a total value of $116,464.32. Following the completion of the sale, the executive vice president owned 158,009 shares in the company, valued at $10,551,841.02. This represents a 1.09% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 82,965 shares of company stock valued at $5,559,996. 0.01% of the stock is currently owned by company insiders.

Cisco Systems Company 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.

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