Assetmark Inc. Buys 2,951 Shares of Motorola Solutions, Inc. $MSI

Assetmark Inc. raised its stake in Motorola Solutions, Inc. (NYSE:MSIFree Report) by 8.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 37,048 shares of the communications equipment provider’s stock after purchasing an additional 2,951 shares during the period. Assetmark Inc.’s holdings in Motorola Solutions were worth $16,942,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in MSI. Public Sector Pension Investment Board grew its stake in shares of Motorola Solutions by 59.8% in the 3rd quarter. Public Sector Pension Investment Board now owns 295,679 shares of the communications equipment provider’s stock valued at $135,211,000 after buying an additional 110,682 shares during the period. Illinois Municipal Retirement Fund boosted its holdings in Motorola Solutions by 25.2% in the third quarter. Illinois Municipal Retirement Fund now owns 45,974 shares of the communications equipment provider’s stock worth $21,023,000 after acquiring an additional 9,244 shares in the last quarter. Varma Mutual Pension Insurance Co grew its stake in Motorola Solutions by 8.4% in the third quarter. Varma Mutual Pension Insurance Co now owns 29,701 shares of the communications equipment provider’s stock valued at $13,582,000 after acquiring an additional 2,300 shares during the period. Haven Private LLC grew its stake in Motorola Solutions by 5.3% in the third quarter. Haven Private LLC now owns 1,044 shares of the communications equipment provider’s stock valued at $477,000 after acquiring an additional 53 shares during the period. Finally, Onyx Bridge Wealth Group LLC bought a new stake in shares of Motorola Solutions during the third quarter valued at approximately $2,179,000. Institutional investors and hedge funds own 84.17% of the company’s stock.

Wall Street Analyst Weigh In

MSI has been the topic of a number of recent research reports. Morgan Stanley reiterated an “overweight” rating and issued a $470.00 target price on shares of Motorola Solutions in a report on Thursday. Piper Sandler restated an “overweight” rating and set a $499.00 price objective (up previously from $443.00) on shares of Motorola Solutions in a report on Thursday. Northcoast Research raised shares of Motorola Solutions from a “neutral” rating to a “buy” rating and set a $450.00 price objective on the stock in a research note on Monday, December 1st. Barclays boosted their target price on shares of Motorola Solutions from $495.00 to $506.00 and gave the stock an “overweight” rating in a research report on Thursday. Finally, JPMorgan Chase & Co. upped their target price on shares of Motorola Solutions from $515.00 to $520.00 and gave the stock an “overweight” rating in a report on Thursday. Eight analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $497.14.

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Motorola Solutions News Summary

Here are the key news stories impacting Motorola Solutions this week:

Motorola Solutions Stock Up 1.9%

Motorola Solutions stock opened at $462.19 on Friday. Motorola Solutions, Inc. has a fifty-two week low of $359.36 and a fifty-two week high of $492.22. The company has a debt-to-equity ratio of 3.47, a quick ratio of 0.86 and a current ratio of 1.04. The firm’s 50-day simple moving average is $392.04 and its 200 day simple moving average is $421.24. The stock has a market cap of $76.98 billion, a PE ratio of 36.22, a price-to-earnings-growth ratio of 3.45 and a beta of 1.00.

Motorola Solutions (NYSE:MSIGet Free Report) last posted its quarterly earnings data on Wednesday, February 11th. The communications equipment provider reported $4.59 EPS for the quarter, beating the consensus estimate of $4.35 by $0.24. Motorola Solutions had a net margin of 18.44% and a return on equity of 110.75%. The firm had revenue of $3.38 billion during the quarter, compared to analyst estimates of $3.34 billion. During the same quarter last year, the business posted $4.04 EPS. The company’s revenue for the quarter was up 12.3% on a year-over-year basis. Research analysts predict that Motorola Solutions, Inc. will post 13.55 EPS for the current fiscal year.

Motorola Solutions Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 15th. Stockholders of record on Monday, December 15th were given a dividend of $1.21 per share. The ex-dividend date of this dividend was Monday, December 15th. This represents a $4.84 annualized dividend and a dividend yield of 1.0%. This is a boost from Motorola Solutions’s previous quarterly dividend of $0.01. Motorola Solutions’s payout ratio is 37.93%.

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.

See Also

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

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