Cisco Systems (NASDAQ:CSCO) Shares Acquired Rep. Richard McCormick

Representative Richard McCormick (R-Georgia) recently bought shares of Cisco Systems, Inc. (NASDAQ:CSCO). In a filing disclosed on December 09th, the Representative disclosed that they had bought between $1,001 and $15,000 in Cisco Systems stock on November 5th.

Representative Richard McCormick also recently made the following trade(s):

• Purchased $1,001 – $15,000 in shares of PepsiCo (NASDAQ:PEP) on 11/5/2025.
• Purchased $1,001 – $15,000 in shares of Berkshire Hathaway (NYSE:BRK.B) on 11/5/2025.
• Purchased $1,001 – $15,000 in shares of Medtronic (NYSE:MDT) on 11/5/2025.
• Purchased $1,001 – $15,000 in shares of Realty Income (NYSE:O) on 11/5/2025.
• Purchased $1,001 – $15,000 in shares of McDonald’s (NYSE:MCD) on 11/5/2025.
• Purchased $1,001 – $15,000 in shares of Intercontinental Exchange (NYSE:ICE) on 11/5/2025.
• Purchased $1,001 – $15,000 in shares of Costco Wholesale (NASDAQ:COST) on 11/5/2025.
• Purchased $1,001 – $15,000 in shares of Johnson & Johnson (NYSE:JNJ) on 11/5/2025.
• Purchased $1,001 – $15,000 in shares of UnitedHealth Group (NYSE:UNH) on 11/5/2025.
• Purchased $1,001 – $15,000 in shares of Microsoft (NASDAQ:MSFT) on 11/5/2025.

Cisco Systems Price Performance

NASDAQ CSCO opened at $77.80 on Monday. The company has a current ratio of 0.93, a quick ratio of 0.83 and a debt-to-equity ratio of 0.46. Cisco Systems, Inc. has a 1 year low of $52.11 and a 1 year high of $80.82. The company has a market cap of $307.39 billion, a PE ratio of 29.25, a PEG ratio of 2.94 and a beta of 0.87. The stock’s 50-day moving average price is $73.77 and its two-hundred day moving average price is $69.77.

Cisco Systems (NASDAQ:CSCO) last issued its quarterly earnings results on Wednesday, November 12th. The network equipment provider reported $1.00 earnings per share for the quarter, beating analysts’ consensus estimates of $0.98 by $0.02. The business had revenue of $14.88 billion for the quarter, compared to the consensus estimate of $14.77 billion. Cisco Systems had a return on equity of 27.29% and a net margin of 18.38%.Cisco Systems’s revenue for the quarter was up 7.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.91 earnings per share. Cisco Systems has set its FY 2026 guidance at 4.080-4.140 EPS and its Q2 2026 guidance at 1.010-1.030 EPS. On average, analysts predict that Cisco Systems, Inc. will post 3.04 EPS for the current year.

Cisco Systems Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 21st. Stockholders of record on Friday, January 2nd will be given a dividend of $0.41 per share. The ex-dividend date of this dividend is Friday, January 2nd. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.1%. Cisco Systems’s payout ratio is 61.65%.

Analyst Ratings Changes

CSCO has been the topic of a number of research reports. Citic Securities upped their price target on shares of Cisco Systems from $75.00 to $90.00 in a research note on Monday, November 17th. BNP Paribas Exane lifted their target price on shares of Cisco Systems from $76.00 to $86.00 and gave the company an “outperform” rating in a research note on Thursday, November 13th. Rosenblatt Securities boosted their target price on shares of Cisco Systems from $87.00 to $100.00 and gave the stock a “buy” rating in a research report on Thursday, November 13th. Bank of America raised their price target on shares of Cisco Systems from $85.00 to $95.00 and gave the company a “buy” rating in a report on Thursday, November 13th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Cisco Systems in a report on Thursday, October 30th. Seventeen investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $84.14.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Norges Bank acquired a new stake in shares of Cisco Systems in the second quarter valued at about $3,816,825,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its stake in Cisco Systems by 413.3% during the 2nd quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 22,393,371 shares of the network equipment provider’s stock valued at $1,553,645,000 after purchasing an additional 18,030,441 shares during the last quarter. Kingstone Capital Partners Texas LLC acquired a new position in Cisco Systems during the 2nd quarter valued at $904,542,000. Franklin Resources Inc. grew its position in Cisco Systems by 46.2% in the 2nd quarter. Franklin Resources Inc. now owns 40,836,858 shares of the network equipment provider’s stock worth $2,833,261,000 after purchasing an additional 12,904,969 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership increased its holdings in shares of Cisco Systems by 110.2% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 18,406,442 shares of the network equipment provider’s stock worth $1,259,369,000 after purchasing an additional 9,648,265 shares during the period. Institutional investors own 73.33% of the company’s stock.

Insiders Place Their Bets

In other Cisco Systems news, EVP Deborah L. Stahlkopf sold 164,584 shares of the firm’s stock in a transaction that occurred on Friday, November 14th. The stock was sold at an average price of $77.85, for a total value of $12,812,864.40. Following the completion of the sale, the executive vice president owned 196,738 shares in the company, valued at approximately $15,316,053.30. This trade represents a 45.55% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Jeetendra I. Patel sold 163,896 shares of the business’s stock in a transaction on Friday, November 14th. The shares were sold at an average price of $77.86, for a total transaction of $12,760,942.56. Following the completion of the sale, the insider directly owned 281,108 shares in the company, valued at $21,887,068.88. This trade represents a 36.83% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 1,021,910 shares of company stock valued at $79,463,804 in the last quarter. 0.01% of the stock is currently owned by insiders.

About Representative McCormick

Rich McCormick (Republican Party) is a member of the U.S. House, representing Georgia’s 7th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027.

McCormick (Republican Party) is running for re-election to the U.S. House to represent Georgia’s 7th Congressional District. He declared candidacy for the 2026 election.

Rich McCormick lives in Suwanee, Georgia. McCormick served in the U.S. Marine Corps and the U.S. Navy. He earned an M.B.A. from National University and an M.D. from Morehouse School of Medicine. McCormick’s career experience includes working as an emergency medicine physician with Gwinnett Medical Center and Northside Hospital, a Marine officer instructor with Georgia Tech and Morehouse College, and a pilot.

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.