AXQ Capital LP Makes New Investment in Motorola Solutions, Inc. $MSI

AXQ Capital LP acquired a new stake in Motorola Solutions, Inc. (NYSE:MSI) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor acquired 3,060 shares of the communications equipment provider’s stock, valued at approximately $1,287,000.

Several other hedge funds and other institutional investors have also modified their holdings of MSI. Signature Resources Capital Management LLC bought a new stake in Motorola Solutions in the second quarter valued at $25,000. Saudi Central Bank bought a new stake in shares of Motorola Solutions in the 1st quarter worth about $29,000. Whipplewood Advisors LLC increased its position in shares of Motorola Solutions by 289.5% during the 2nd quarter. Whipplewood Advisors LLC now owns 74 shares of the communications equipment provider’s stock worth $31,000 after purchasing an additional 55 shares in the last quarter. Rossby Financial LCC increased its position in shares of Motorola Solutions by 148.6% during the 2nd quarter. Rossby Financial LCC now owns 87 shares of the communications equipment provider’s stock worth $37,000 after purchasing an additional 52 shares in the last quarter. Finally, Meeder Asset Management Inc. lifted its holdings in Motorola Solutions by 47.1% during the 1st quarter. Meeder Asset Management Inc. now owns 103 shares of the communications equipment provider’s stock valued at $45,000 after purchasing an additional 33 shares during the last quarter. Institutional investors own 84.17% of the company’s stock.

Insider Activity

In other Motorola Solutions news, SVP Rajan Naik sold 8,014 shares of the business’s stock in a transaction dated Wednesday, September 3rd. The stock was sold at an average price of $474.45, for a total value of $3,802,242.30. Following the completion of the transaction, the senior vice president directly owned 10,244 shares of the company’s stock, valued at approximately $4,860,265.80. The trade was a 43.89% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Gregory Q. Brown sold 50,000 shares of the stock in a transaction dated 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 sale, the chief executive officer owned 46,936 shares of the company’s stock, valued at $22,693,556. This trade represents a 51.58% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 110,614 shares of company stock valued at $53,085,917 in the last quarter. Company insiders own 1.44% of the company’s stock.

Motorola Solutions Price Performance

Motorola Solutions stock opened at $368.43 on Friday. The company has a current ratio of 1.73, a quick ratio of 1.54 and a debt-to-equity ratio of 3.86. The firm has a market capitalization of $61.36 billion, a P/E ratio of 29.66, a PEG ratio of 3.46 and a beta of 0.96. The business has a 50-day moving average of $432.68 and a 200-day moving average of $433.26. Motorola Solutions, Inc. has a 1 year low of $365.75 and a 1 year high of $503.62.

Motorola Solutions (NYSE:MSI) last announced its quarterly earnings results 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 business had revenue of $3.01 billion for the quarter, compared to the consensus estimate of $2.99 billion. Motorola Solutions had a net margin of 19.08% and a return on equity of 134.30%. Motorola Solutions’s revenue for the quarter was up 7.8% on a year-over-year basis. During the same period last year, the company posted $3.74 EPS. On average, equities analysts anticipate that Motorola Solutions, Inc. will post 13.55 EPS for the current year.

Motorola Solutions Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 15th. Stockholders of record on Monday, December 15th will be issued a $1.21 dividend. This is a positive change from Motorola Solutions’s previous quarterly dividend of $0.01. The ex-dividend date of this dividend is Monday, December 15th. This represents a $4.84 annualized dividend and a dividend yield of 1.3%. Motorola Solutions’s dividend payout ratio (DPR) is presently 34.99%.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. Piper Sandler reaffirmed a “neutral” rating and set a $465.00 price objective (down previously from $495.00) on shares of Motorola Solutions in a report on Friday, October 31st. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Motorola Solutions in a report on Wednesday, October 8th. Barclays cut their price objective on Motorola Solutions from $509.00 to $495.00 and set an “overweight” rating for the company in a research report on Friday, October 31st. UBS Group increased 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. Finally, Evercore ISI lifted their price target on Motorola Solutions from $500.00 to $525.00 and gave the company an “outperform” rating in a report on Friday, August 29th. Seven equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, Motorola Solutions has an average rating of “Moderate Buy” and an average price target of $506.43.

About Motorola Solutions

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.