GDS Wealth Management Buys 2,992 Shares of Motorola Solutions, Inc. $MSI

GDS Wealth Management raised its stake in Motorola Solutions, Inc. (NYSE:MSI) by 13.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 24,888 shares of the communications equipment provider’s stock after buying an additional 2,992 shares during the period. GDS Wealth Management’s holdings in Motorola Solutions were worth $11,381,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Modera Wealth Management LLC increased its position in Motorola Solutions by 13.3% during the 3rd quarter. Modera Wealth Management LLC now owns 3,254 shares of the communications equipment provider’s stock valued at $1,488,000 after purchasing an additional 381 shares during the period. Y Intercept Hong Kong Ltd boosted its stake in shares of Motorola Solutions by 621.9% in the 3rd quarter. Y Intercept Hong Kong Ltd now owns 23,908 shares of the communications equipment provider’s stock valued at $10,933,000 after purchasing an additional 20,596 shares during the last quarter. Orion Capital Management LLC bought a new stake in shares of Motorola Solutions in the 3rd quarter valued at $25,000. Baillie Gifford & Co. acquired a new stake in shares of Motorola Solutions during the third quarter worth $17,725,000. Finally, Mitsubishi UFJ Trust & Banking Corp raised its stake in Motorola Solutions by 8.2% during the third quarter. Mitsubishi UFJ Trust & Banking Corp now owns 216,973 shares of the communications equipment provider’s stock worth $99,220,000 after buying an additional 16,393 shares during the last quarter. 84.17% of the stock is currently owned by institutional investors.

Motorola Solutions Price Performance

MSI opened at $401.60 on Friday. Motorola Solutions, Inc. has a 1 year low of $359.36 and a 1 year high of $492.22. The company has a debt-to-equity ratio of 3.59, a current ratio of 1.03 and a quick ratio of 0.86. The company has a market capitalization of $66.89 billion, a price-to-earnings ratio of 32.23, a P/E/G ratio of 3.00 and a beta of 1.00. The firm’s fifty day moving average price is $378.22 and its two-hundred day moving average price is $421.58.

Motorola Solutions (NYSE:MSI) last released 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. Motorola Solutions had a net margin of 18.71% and a return on equity of 118.48%. The company had revenue of $3.01 billion for the quarter, compared to analyst estimates of $2.99 billion. During the same period last year, the firm earned $3.74 earnings per share. The firm’s revenue was up 7.8% on a year-over-year basis. As a group, analysts anticipate that Motorola Solutions, Inc. will post 13.55 earnings per share for the current fiscal year.

Motorola Solutions Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 15th. Shareholders of record on Monday, December 15th were given a $1.21 dividend. This is an increase from Motorola Solutions’s previous quarterly dividend of $0.01. This represents a $4.84 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend was Monday, December 15th. Motorola Solutions’s payout ratio is presently 38.84%.

Wall Street Analyst Weigh In

A number of analysts have commented on MSI shares. Northcoast Research raised shares of Motorola Solutions from a “neutral” rating to a “buy” rating and set a $450.00 price target on the stock in a research report on Monday, December 1st. Weiss Ratings reissued a “hold (c+)” rating on shares of Motorola Solutions in a research note on Monday, December 29th. Barclays reduced their price target on shares of Motorola Solutions from $509.00 to $495.00 and set an “overweight” rating for the company in a research report on Friday, October 31st. Finally, Piper Sandler upgraded shares of Motorola Solutions from a “neutral” rating to an “overweight” rating and lowered their price objective for the stock from $465.00 to $443.00 in a report on Monday, January 5th. Seven investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, Motorola Solutions presently has a consensus rating of “Moderate Buy” and a consensus target price of $491.86.

Motorola Solutions Company Profile

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.