Arvest Bank Trust Division Sells 148 Shares of Motorola Solutions, Inc. $MSI

Arvest Bank Trust Division decreased its position in Motorola Solutions, Inc. (NYSE:MSI) by 0.6% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 25,136 shares of the communications equipment provider’s stock after selling 148 shares during the quarter. Arvest Bank Trust Division’s holdings in Motorola Solutions were worth $10,569,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of the company. Signature Resources Capital Management LLC bought a new stake in Motorola Solutions in the second quarter worth $25,000. Saudi Central Bank purchased a new position in shares of Motorola Solutions in the 1st quarter worth $29,000. Whipplewood Advisors LLC increased its holdings in shares of Motorola Solutions by 289.5% in the 2nd quarter. Whipplewood Advisors LLC now owns 74 shares of the communications equipment provider’s stock worth $31,000 after buying an additional 55 shares during the last quarter. Rossby Financial LCC increased its holdings in shares of Motorola Solutions by 148.6% in the 2nd quarter. Rossby Financial LCC now owns 87 shares of the communications equipment provider’s stock worth $37,000 after buying an additional 52 shares during the last quarter. Finally, Cape Investment Advisory Inc. raised its position in shares of Motorola Solutions by 3,300.0% during the 1st quarter. Cape Investment Advisory Inc. now owns 102 shares of the communications equipment provider’s stock valued at $45,000 after buying an additional 99 shares in the last quarter. 84.17% of the stock is owned by hedge funds and other institutional investors.

Motorola Solutions Price Performance

MSI opened at $382.77 on Friday. The business has a fifty day moving average of $445.79 and a 200 day moving average of $435.51. The stock has a market cap of $63.75 billion, a P/E ratio of 30.82, a PEG ratio of 3.46 and a beta of 0.97. The company has a quick ratio of 1.54, a current ratio of 1.73 and a debt-to-equity ratio of 3.86. Motorola Solutions, Inc. has a 52-week low of $382.09 and a 52-week high of $503.62.

Motorola Solutions (NYSE:MSI) last released its earnings results on Friday, October 31st. The communications equipment provider reported $4.06 earnings per share for the quarter, topping the consensus estimate of $3.85 by $0.21. The business had revenue of $3.01 billion during the quarter, compared to the consensus estimate of $2.99 billion. Motorola Solutions had a return on equity of 134.30% and a net margin of 19.08%.The business’s revenue for the quarter was up 7.8% compared to the same quarter last year. During the same period last year, the company earned $3.74 earnings per share. As a group, sell-side analysts anticipate that Motorola Solutions, Inc. will post 13.55 EPS for the current year.

Motorola Solutions Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Monday, September 15th were given a dividend of $0.0109 per share. The ex-dividend date of this dividend was Monday, September 15th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.0%. Motorola Solutions’s dividend payout ratio (DPR) is 34.99%.

Insider Activity at Motorola Solutions

In other news, SVP James A. Niewiara sold 1,700 shares of the stock in a transaction on Thursday, September 11th. The stock was sold at an average price of $485.43, for a total transaction of $825,231.00. Following the transaction, the senior vice president owned 14,542 shares of the company’s stock, valued at approximately $7,059,123.06. This represents a 10.47% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Rajan Naik sold 8,014 shares of the firm’s stock in a transaction on Wednesday, September 3rd. The shares were sold at an average price of $474.45, for a total value of $3,802,242.30. Following the transaction, the senior vice president owned 10,244 shares in the company, valued at approximately $4,860,265.80. This represents a 43.89% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 148,128 shares of company stock worth $70,431,641. Insiders own 1.44% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on MSI. Weiss Ratings reissued a “buy (b)” rating on shares of Motorola Solutions in a research note on Wednesday, October 8th. UBS Group lifted their target price on Motorola Solutions from $490.00 to $510.00 and gave the stock a “buy” rating in a report on Friday, August 8th. Piper Sandler restated a “neutral” rating and set a $465.00 price target (down previously from $495.00) on shares of Motorola Solutions in a report on Friday, October 31st. Evercore ISI raised their price target on Motorola Solutions from $500.00 to $525.00 and gave the stock an “outperform” rating in a research report on Friday, August 29th. Finally, Barclays cut their price objective on shares of Motorola Solutions from $509.00 to $495.00 and set an “overweight” rating on the stock in a research report on Friday, October 31st. Seven 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, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $506.43.

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.