OLD Republic Sells a Quarter of Its Cisco Stake

Cisco Systems, Inc., a global technology company, has been a significant holding for OLD Republic International Corp. The institutional investor decreased its stake in shares of Cisco Systems by 21.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission.

As of the end of the period, OLD Republic International Corp owned 638,700 shares of Cisco Systems' stock after selling 171,000 shares during the period. The network equipment provider makes up 2.8% of OLD Republic International Corp's investment portfolio, making it the company's 7th largest holding.

Cisco Systems' market value is $456.66 billion, and its price-to-earnings ratio is 37.62. The company has a current ratio of 0.92, a quick ratio of 0.81, and a debt-to-equity ratio of 0.40.