ABC Arbitrage SA Invests $1.21 Million in Motorola Solutions, Inc. $MSI

ABC Arbitrage SA purchased a new position in Motorola Solutions, Inc. (NYSE:MSIFree Report) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 2,655 shares of the communications equipment provider’s stock, valued at approximately $1,214,000.

Other institutional investors also recently bought and sold shares of the company. Orion Capital Management LLC acquired a new stake in shares of Motorola Solutions during the third quarter worth $25,000. United Community Bank grew its position in Motorola Solutions by 81.3% during the third quarter. United Community Bank now owns 58 shares of the communications equipment provider’s stock valued at $27,000 after buying an additional 26 shares during the period. Whipplewood Advisors LLC grew its holdings in Motorola Solutions by 289.5% in the second quarter. Whipplewood Advisors LLC now owns 74 shares of the communications equipment provider’s stock valued at $31,000 after purchasing an additional 55 shares during the period. Halbert Hargrove Global Advisors LLC acquired a new stake in shares of Motorola Solutions in the third quarter valued at about $33,000. Finally, Field & Main Bank purchased a new position in shares of Motorola Solutions in the third quarter valued at approximately $35,000. 84.17% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on MSI shares. Northcoast Research upgraded Motorola Solutions from a “neutral” rating to a “buy” rating and set a $450.00 price target on the stock in a report on Monday, December 1st. Barclays cut their target price on shares of Motorola Solutions from $509.00 to $495.00 and set an “overweight” rating on the stock in a research note on Friday, October 31st. Weiss Ratings upgraded Motorola Solutions from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday, January 27th. Finally, Piper Sandler raised Motorola Solutions from a “neutral” rating to an “overweight” rating and reduced their target price for the company from $465.00 to $443.00 in a report on Monday, January 5th. Eight equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $491.86.

View Our Latest Analysis on Motorola Solutions

More Motorola Solutions News

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Motorola Solutions Price Performance

MSI opened at $421.50 on Thursday. The firm has a market cap of $70.20 billion, a price-to-earnings ratio of 33.83, a PEG ratio of 3.14 and a beta of 1.00. The company has a fifty day simple moving average of $388.63 and a 200 day simple moving average of $420.88. The company has a current ratio of 1.03, a quick ratio of 0.86 and a debt-to-equity ratio of 3.59. Motorola Solutions, Inc. has a twelve month low of $359.36 and a twelve month high of $492.22.

Motorola Solutions (NYSE:MSIGet Free Report) last issued its earnings results on Wednesday, February 11th. The communications equipment provider reported $4.59 earnings per share for the quarter, topping analysts’ consensus estimates of $4.36 by $0.23. Motorola Solutions had a net margin of 18.71% and a return on equity of 118.48%. The company had revenue of $3.38 billion for the quarter, compared to analysts’ expectations of $3.34 billion. During the same period in the prior year, the company earned $4.04 earnings per share. The firm’s revenue was up 12.3% compared to the same quarter last year. Equities research analysts expect that Motorola Solutions, Inc. will post 13.55 EPS for the current fiscal year.

Motorola Solutions Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, January 15th. Investors of record on Monday, December 15th were given a $1.21 dividend. This is a positive change from Motorola Solutions’s previous quarterly dividend of $0.01. The ex-dividend date was Monday, December 15th. This represents a $4.84 dividend on an annualized basis and a dividend yield of 1.1%. Motorola Solutions’s dividend payout ratio is 38.84%.

About Motorola Solutions

(Free Report)

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.

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Institutional Ownership by Quarter for Motorola Solutions (NYSE:MSI)

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