Blueshift Asset Management LLC Invests $749,000 in Motorola Solutions, Inc. $MSI

Blueshift Asset Management LLC bought a new stake in Motorola Solutions, Inc. (NYSE:MSI) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 1,782 shares of the communications equipment provider’s stock, valued at approximately $749,000.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Obermeyer Wealth Partners lifted its holdings in shares of Motorola Solutions by 261.0% during the 2nd quarter. Obermeyer Wealth Partners now owns 8,073 shares of the communications equipment provider’s stock valued at $3,394,000 after acquiring an additional 5,837 shares in the last quarter. Machina Capital S.A.S. raised its position in Motorola Solutions by 345.3% in the second quarter. Machina Capital S.A.S. now owns 13,948 shares of the communications equipment provider’s stock valued at $5,865,000 after purchasing an additional 10,816 shares during the period. Whalen Wealth Management Inc. acquired a new position in shares of Motorola Solutions during the second quarter worth about $257,000. Rockline Wealth Management LLC purchased a new stake in shares of Motorola Solutions in the second quarter worth about $333,000. Finally, Aware Super Pty Ltd as trustee of Aware Super grew its stake in shares of Motorola Solutions by 101.5% in the second quarter. Aware Super Pty Ltd as trustee of Aware Super now owns 70,231 shares of the communications equipment provider’s stock valued at $29,529,000 after buying an additional 35,374 shares in the last quarter. Hedge funds and other institutional investors own 84.17% of the company’s stock.

Motorola Solutions Trading Up 1.1%

NYSE MSI opened at $377.48 on Wednesday. The company has a market capitalization of $62.87 billion, a price-to-earnings ratio of 30.39, a price-to-earnings-growth ratio of 3.46 and a beta of 1.00. The company has a debt-to-equity ratio of 3.86, a current ratio of 1.73 and a quick ratio of 1.54. Motorola Solutions, Inc. has a 12 month low of $365.40 and a 12 month high of $500.86. The company’s fifty day moving average price is $418.04 and its two-hundred day moving average price is $431.37.

Motorola Solutions (NYSE:MSI) last issued its earnings results on Friday, October 31st. The communications equipment provider reported $4.06 earnings per share (EPS) 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 analyst estimates of $2.99 billion. Motorola Solutions had a net margin of 19.08% and a return on equity of 134.30%. The company’s revenue for the quarter was up 7.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $3.74 EPS. As a group, research analysts predict that Motorola Solutions, Inc. will post 13.55 earnings per share for the current fiscal year.

Motorola Solutions Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 15th. Stockholders of record on Monday, December 15th will be given a $1.21 dividend. This represents a $4.84 annualized dividend and a dividend yield of 1.3%. The ex-dividend date is Monday, December 15th. This is a positive change from Motorola Solutions’s previous quarterly dividend of $0.01. Motorola Solutions’s payout ratio is 38.84%.

Insider Buying and Selling

In other news, SVP James A. Niewiara sold 1,700 shares of the firm’s stock in a transaction dated Thursday, September 11th. The shares were sold at an average price of $485.43, for a total value of $825,231.00. Following the transaction, the senior vice president directly owned 14,542 shares in the company, valued at approximately $7,059,123.06. This trade represents a 10.47% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Gregory Q. Brown sold 50,000 shares of the business’s stock in a transaction dated Friday, September 12th. The shares were sold at an average price of $483.50, for a total transaction of $24,175,000.00. Following the sale, the chief executive officer directly owned 46,936 shares of the company’s stock, valued at approximately $22,693,556. This represents a 51.58% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 77,600 shares of company stock valued at $37,476,175 over the last quarter. Company insiders own 1.44% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on MSI shares. Barclays reduced their price target on Motorola Solutions from $509.00 to $495.00 and set an “overweight” rating on the stock in a research report on Friday, October 31st. Evercore ISI upped their target price on shares of Motorola Solutions from $500.00 to $525.00 and gave the company an “outperform” rating in a research note on Friday, August 29th. Piper Sandler reaffirmed a “neutral” rating and set a $465.00 price target (down previously from $495.00) on shares of Motorola Solutions in a research note on Friday, October 31st. Northcoast Research upgraded shares of Motorola Solutions from a “neutral” rating to a “buy” rating and set a $450.00 price objective on the stock in a report on Monday. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Motorola Solutions in a research note on Monday. Seven equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $495.00.

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.