Financial Connections Group Inc. Acquires 193 Shares of Cisco Systems, Inc. $CSCO

Financial Connections Group Inc. lifted its holdings in Cisco Systems, Inc. (NASDAQ:CSCO) by 89.4% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 409 shares of the network equipment provider’s stock after acquiring an additional 193 shares during the period. Financial Connections Group Inc.’s holdings in Cisco Systems were worth $28,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Pandora Wealth Inc. bought a new position in shares of Cisco Systems in the 1st quarter valued at about $31,000. Nova Wealth Management Inc. bought a new position in shares of Cisco Systems in the 1st quarter valued at about $31,000. Brown Shipley& Co Ltd bought a new position in shares of Cisco Systems in the 2nd quarter valued at about $32,000. Fairway Wealth LLC lifted its holdings in shares of Cisco Systems by 224.7% in the 1st 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 during the last quarter. Finally, Accent Capital Management LLC bought a new stake in Cisco Systems in the first quarter worth about $36,000. Institutional investors own 73.33% of the company’s stock.

Cisco Systems Stock Performance

Cisco Systems stock opened at $67.94 on Friday. The company has a 50 day moving average price of $68.24 and a 200-day moving average price of $64.86. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.91 and a current ratio of 1.00. Cisco Systems, Inc. has a fifty-two week low of $52.11 and a fifty-two week high of $72.55. The company has a market capitalization of $268.58 billion, a PE ratio of 25.93, a P/E/G ratio of 2.94 and a beta of 0.97.

Cisco Systems (NASDAQ:CSCO) last issued its quarterly earnings data on Wednesday, August 13th. The network equipment provider reported $0.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.98 by $0.01. The company had revenue of $14.67 billion for the quarter, compared to analyst estimates of $14.63 billion. Cisco Systems had a net margin of 18.45% and a return on equity of 27.06%. Cisco Systems’s revenue was up 7.6% compared to the same quarter last year. During the same period last year, the company 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. As a group, equities analysts forecast that Cisco Systems, Inc. will post 3.04 earnings per share for the current year.

Cisco Systems Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 22nd. Investors of record on Friday, October 3rd will be issued a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend is Friday, October 3rd. Cisco Systems’s dividend payout ratio (DPR) is presently 62.60%.

Insider Activity at Cisco Systems

In related news, EVP Thimaya K. Subaiya sold 7,511 shares of Cisco Systems stock in a transaction that occurred on Wednesday, August 20th. The shares were sold at an average price of $66.84, for a total transaction 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 trade represents a 4.44% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Jeetendra I. Patel sold 9,061 shares of Cisco Systems stock in a transaction that occurred on Friday, August 15th. The shares were sold at an average price of $66.60, for a total transaction of $603,462.60. Following the transaction, the insider directly owned 237,405 shares in the company, valued at approximately $15,811,173. The trade was a 3.68% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 82,965 shares of company stock valued at $5,559,996 over the last quarter. 0.01% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several analysts have issued reports on CSCO shares. Wells Fargo & Company raised their price objective on shares of Cisco Systems from $75.00 to $83.00 and gave the stock an “overweight” rating in a research note on Thursday, August 14th. Weiss Ratings reissued a “buy (b-)” rating on shares of Cisco Systems in a research note on Wednesday. Evercore ISI raised their price objective on shares of Cisco Systems from $72.00 to $74.00 and gave the stock an “in-line” rating in a research note on Thursday, August 14th. Bank of America raised their price objective on shares of Cisco Systems from $76.00 to $85.00 and gave the stock a “buy” rating in a research note on Thursday, August 14th. Finally, Piper Sandler raised their price objective on shares of Cisco Systems from $64.00 to $70.00 and gave the stock a “neutral” rating in a research note on Thursday, August 14th. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and ten have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $74.89.

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.