Forvis Mazars Wealth Advisors LLC Buys 6,272 Shares of Cisco Systems, Inc. $CSCO

Key Points

• Forvis Mazars Wealth Advisors LLC increased its stake in Cisco Systems by 4.3% after acquiring an additional 6,272 shares, resulting in total holdings worth $10.5 million as of the recent quarter.
• Analysts have adjusted their target prices for Cisco, with UBS Group raising it from $70 to $74, while maintaining a "neutral" rating, reflecting a positive outlook.
• Cisco Systems announced a quarterly dividend of $0.41, payable on October 22nd, with an annualized yield of 2.3% based on the current price.

Forvis Mazars Wealth Advisors LLC lifted its stake in shares of Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 4.3% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 151,814 shares of the network equipment provider's stock after purchasing an additional 6,272 shares during the period. Forvis Mazars Wealth Advisors LLC's holdings in Cisco Systems were worth $10,533,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Mezzasalma Advisors LLC bought a new stake in shares of Cisco Systems during the 2nd quarter worth approximately $214,000. Aull & Monroe Investment Management Corp raised its stake in shares of Cisco Systems by 22.3% during the 2nd quarter. Aull & Monroe Investment Management Corp now owns 3,976 shares of the network equipment provider's stock worth $276,000 after purchasing an additional 725 shares in the last quarter. BKM Wealth Management LLC raised its stake in shares of Cisco Systems by 1.2% during the 2nd quarter. BKM Wealth Management LLC now owns 29,131 shares of the network equipment provider's stock worth $2,021,000 after purchasing an additional 353 shares in the last quarter. Financial Synergies Wealth Advisors Inc. raised its stake in shares of Cisco Systems by 11.7% during the 2nd quarter. Financial Synergies Wealth Advisors Inc. now owns 3,950 shares of the network equipment provider's stock worth $274,000 after purchasing an additional 415 shares in the last quarter. Finally, Violich Capital Management Inc. bought a new stake in shares of Cisco Systems during the 2nd quarter worth approximately $225,000. Institutional investors own 73.33% of the company's stock.

Analysts Set New Price Targets

CSCO has been the topic of a number of analyst reports. Wall Street Zen cut Cisco Systems from a "strong-buy" rating to a "buy" rating in a research note on Saturday, July 12th. UBS Group boosted their target price on Cisco Systems from $70.00 to $74.00 and gave the stock a "neutral" rating in a report on Tuesday, August 5th. Piper Sandler boosted their target price on Cisco Systems from $64.00 to $70.00 and gave the stock a "neutral" rating in a report on Thursday, August 14th. Morgan Stanley boosted their target price on Cisco Systems from $73.00 to $77.00 and gave the stock an "overweight" rating in a report on Friday, October 10th. Finally, Hsbc Global Res lowered Cisco Systems from a "strong-buy" rating to a "hold" rating in a report on Friday, August 15th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and ten have assigned a Hold rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $74.72.

Insider Transactions at Cisco Systems

In other Cisco Systems news, EVP Thimaya K. Subaiya sold 7,511 shares of the company's stock in a transaction on Wednesday, August 20th. The stock was sold at an average price of $66.84, for a total value of $502,035.24. Following the transaction, the executive vice president directly owned 161,467 shares of the company's stock, valued at $10,792,454.28. This represents a 4.44% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Jeetendra I. Patel sold 9,061 shares of the stock in a transaction on Friday, August 15th. The stock was sold at an average price of $66.60, for a total value of $603,462.60. Following the sale, the insider directly owned 237,405 shares in the company, valued at approximately $15,811,173. This trade represents a 3.68% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 82,965 shares of company stock worth $5,559,996. 0.01% of the stock is currently owned by company insiders.

Cisco Systems Stock Performance

Shares of NASDAQ CSCO opened at $70.13 on Friday. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.00 and a quick ratio of 0.91. The stock's fifty day moving average price is $68.20 and its two-hundred day moving average price is $65.14. Cisco Systems, Inc. has a one year low of $52.11 and a one year high of $72.55. The firm has a market cap of $277.24 billion, a price-to-earnings ratio of 26.77, a P/E/G ratio of 2.95 and a beta of 0.97.

Cisco Systems (NASDAQ:CSCO - Get Free Report) last issued its quarterly earnings data 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 firm had revenue of $14.67 billion for the quarter, compared to analyst estimates of $14.63 billion. During the same period in the prior year, the firm posted $0.87 EPS. 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. On average, equities analysts forecast that Cisco Systems, Inc. will post 3.04 EPS for the current year.

Cisco Systems Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 22nd. Shareholders of record on Friday, October 3rd will be issued a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date of this dividend is Friday, October 3rd. Cisco Systems's dividend payout ratio is currently 62.60%.

About Cisco Systems

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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