Allworth Financial LP Boosts Stock Position in Motorola Solutions, Inc. $MSI

Allworth Financial LP raised its holdings in Motorola Solutions, Inc. (NYSE:MSI) by 126.1% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,493 shares of the communications equipment provider’s stock after buying an additional 1,948 shares during the period. Allworth Financial LP’s holdings in Motorola Solutions were worth $1,469,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of MSI. Revolve Wealth Partners LLC purchased a new stake in Motorola Solutions during the fourth quarter worth approximately $208,000. Edgestream Partners L.P. raised its holdings in Motorola Solutions by 154.7% during the first quarter. Edgestream Partners L.P. now owns 8,368 shares of the communications equipment provider’s stock worth $3,664,000 after purchasing an additional 5,083 shares in the last quarter. Sigma Planning Corp purchased a new stake in shares of Motorola Solutions during the 1st quarter worth approximately $210,000. Larson Financial Group LLC boosted its holdings in shares of Motorola Solutions by 6.9% in the 1st quarter. Larson Financial Group LLC now owns 1,132 shares of the communications equipment provider’s stock valued at $496,000 after buying an additional 73 shares in the last quarter. Finally, Bridgewater Advisors Inc. acquired a new position in shares of Motorola Solutions in the 1st quarter valued at $327,000. 84.17% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

MSI has been the topic of several research analyst reports. Piper Sandler reiterated a “neutral” rating and set a $465.00 price target (down from $495.00) on shares of Motorola Solutions in a research note on Friday, October 31st. UBS Group lifted their target price on Motorola Solutions from $490.00 to $510.00 and gave the stock a “buy” rating in a research report on Friday, August 8th. Weiss Ratings reissued a “buy (b)” rating on shares of Motorola Solutions in a report on Wednesday, October 8th. Barclays dropped their price target on Motorola Solutions from $509.00 to $495.00 and set an “overweight” rating on the stock in a research note on Friday, October 31st. Finally, Evercore ISI boosted their price objective on Motorola Solutions from $500.00 to $525.00 and gave the company an “outperform” rating in a research note on Friday, August 29th. Seven equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $506.43.

Insider Activity

In related news, SVP James A. Niewiara sold 1,700 shares of Motorola Solutions stock in a transaction that occurred on Thursday, September 11th. The stock was sold at an average price of $485.43, for a total value of $825,231.00. Following the sale, the senior vice president directly owned 14,542 shares in the company, valued at $7,059,123.06. The trade was a 10.47% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Gregory Q. Brown sold 50,000 shares of the stock in a transaction on Friday, September 12th. The stock was sold at an average price of $483.50, for a total value of $24,175,000.00. Following the completion of the transaction, the chief executive officer owned 46,936 shares of the company’s stock, valued at $22,693,556. The trade was a 51.58% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 148,128 shares of company stock valued at $70,431,641. Company insiders own 1.44% of the company’s stock.

Motorola Solutions Stock Down 2.3%

Motorola Solutions stock opened at $382.77 on Friday. The stock has a 50 day moving average of $445.79 and a two-hundred day moving average of $435.51. Motorola Solutions, Inc. has a twelve month low of $382.09 and a twelve month high of $503.62. The stock has a market capitalization of $63.75 billion, a price-to-earnings ratio of 30.82, a PEG ratio of 3.46 and a beta of 0.97. The company has a current ratio of 1.73, a quick ratio of 1.54 and a debt-to-equity ratio of 3.86.

Motorola Solutions (NYSE:MSI) last posted its quarterly earnings data on Friday, October 31st. The communications equipment provider reported $4.06 earnings per share for the quarter, beating analysts’ consensus estimates of $3.85 by $0.21. The firm had revenue of $3.01 billion for the quarter, compared to analyst estimates of $2.99 billion. Motorola Solutions had a net margin of 19.08% and a return on equity of 134.30%. Motorola Solutions’s quarterly revenue was up 7.8% on a year-over-year basis. During the same period last year, the firm posted $3.74 EPS. As a group, research analysts expect that Motorola Solutions, Inc. will post 13.55 earnings per share for the current year.

Motorola Solutions Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Monday, September 15th were issued a dividend of $0.0109 per share. This represents a $0.04 annualized dividend and a yield of 0.0%. The ex-dividend date of this dividend was Monday, September 15th. Motorola Solutions’s dividend payout ratio is currently 34.99%.

Motorola Solutions Company Profile

Motorola Solutions, Inc provides public safety and enterprise security solutions in the United States, the United Kingdom, Canada, and internationally. The company operates in two segments, Products and Systems Integration, and Software and Services. The Products and Systems Integration segment offers a portfolio of infrastructure, devices, accessories, and video security devices and infrastructure, as well as the implementation and integration of systems, devices, software, and applications for government, public safety, and commercial customers who operate private communications networks and video security solutions, as well as manage a mobile workforce.