Motorola Solutions, Inc. $MSI Shares Sold by Abacus FCF Advisors LLC

Abacus FCF Advisors LLC cut its stake in Motorola Solutions, Inc. (NYSE:MSI) by 4.9% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 31,937 shares of the communications equipment provider’s stock after selling 1,662 shares during the quarter. Motorola Solutions comprises approximately 1.9% of Abacus FCF Advisors LLC’s investment portfolio, making the stock its 28th biggest position. Abacus FCF Advisors LLC’s holdings in Motorola Solutions were worth $14,604,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Revolve Wealth Partners LLC purchased a new position in Motorola Solutions in the fourth quarter worth approximately $208,000. Baird Financial Group Inc. raised its holdings in shares of Motorola Solutions by 130.6% in the 1st quarter. Baird Financial Group Inc. now owns 57,242 shares of the communications equipment provider’s stock valued at $25,061,000 after purchasing an additional 32,420 shares in the last quarter. Saudi Central Bank acquired a new position in shares of Motorola Solutions during the 1st quarter worth about $29,000. Nomura Holdings Inc. lifted its position in shares of Motorola Solutions by 44.0% during the 1st quarter. Nomura Holdings Inc. now owns 9,010 shares of the communications equipment provider’s stock worth $3,945,000 after buying an additional 2,752 shares during the last quarter. Finally, Flputnam Investment Management Co. increased its position in shares of Motorola Solutions by 0.9% during the first quarter. Flputnam Investment Management Co. now owns 23,241 shares of the communications equipment provider’s stock worth $10,175,000 after purchasing an additional 198 shares in the last quarter. Hedge funds and other institutional investors own 84.17% of the company’s stock.

Motorola Solutions Stock Up 0.0%

MSI stock opened at $377.21 on Tuesday. The company has a 50 day moving average price of $387.17 and a two-hundred day moving average price of $425.20. Motorola Solutions, Inc. has a one year low of $359.36 and a one year high of $492.22. The stock has a market capitalization of $62.82 billion, a P/E ratio of 30.27, a PEG ratio of 3.00 and a beta of 1.00. The company has a debt-to-equity ratio of 3.59, a quick ratio of 0.86 and a current ratio of 1.03.

Motorola Solutions (NYSE:MSI) last posted its quarterly earnings results on Friday, October 31st. The communications equipment provider reported $4.06 EPS for the quarter, beating the consensus estimate of $3.85 by $0.21. Motorola Solutions had a return on equity of 118.48% and a net margin of 18.71%.The company had revenue of $3.01 billion during the quarter, compared to analysts’ expectations of $2.99 billion. During the same quarter in the previous year, the business earned $3.74 EPS. The firm’s revenue was up 7.8% on a year-over-year basis. As a group, sell-side analysts expect that Motorola Solutions, Inc. will post 13.55 EPS for the current year.

Motorola Solutions Increases Dividend

The company also recently disclosed 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 is Monday, December 15th. This represents a $4.84 dividend on an annualized basis and a dividend yield of 1.3%. Motorola Solutions’s dividend payout ratio (DPR) is 38.84%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the stock. Piper Sandler reiterated a “neutral” rating and set a $465.00 target price (down previously from $495.00) on shares of Motorola Solutions in a research note on Friday, October 31st. Barclays reduced their price objective on Motorola Solutions from $509.00 to $495.00 and set an “overweight” rating for the company 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 for the company in a research report on Monday, December 1st. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Motorola Solutions in a report on Monday, December 22nd. Six equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $495.00.

About Motorola Solutions

Motorola Solutions, Inc is a provider of mission-critical communications and analytics solutions for public safety and commercial customers. The company designs, manufactures and supports a range of communications equipment and software aimed at enabling first responders, government agencies and enterprises to coordinate and operate reliably in high-pressure environments. Its offerings emphasize secure, resilient connectivity and situational awareness for organizations that require dependable voice, data and video communications.

Product lines include land mobile radio (LMR) systems and handheld and vehicle-mounted radios used by police, fire and emergency medical services; broadband push-to-talk and LTE-based solutions; command-and-control center software for incident management and records; and video security and analytics systems.