Thoroughbred Financial Services LLC Sells 2,568 Shares of Motorola Solutions, Inc. $MSI

Thoroughbred Financial Services LLC trimmed its holdings in shares of Motorola Solutions, Inc. (NYSE:MSI) by 84.1% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 486 shares of the communications equipment provider’s stock after selling 2,568 shares during the quarter. Thoroughbred Financial Services LLC’s holdings in Motorola Solutions were worth $204,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the business. Signature Resources Capital Management LLC bought a new position in shares of Motorola Solutions during the second quarter worth approximately $25,000. Saudi Central Bank acquired a new stake in Motorola Solutions during the first quarter worth approximately $29,000. Whipplewood Advisors LLC grew its position in Motorola Solutions by 289.5% during the second quarter. Whipplewood Advisors LLC now owns 74 shares of the communications equipment provider’s stock worth $31,000 after buying an additional 55 shares in the last quarter. Rossby Financial LCC increased its stake in Motorola Solutions by 148.6% during the 2nd quarter. Rossby Financial LCC now owns 87 shares of the communications equipment provider’s stock worth $37,000 after acquiring an additional 52 shares during the period. Finally, Meeder Asset Management Inc. raised its holdings in Motorola Solutions by 47.1% in the 1st quarter. Meeder Asset Management Inc. now owns 103 shares of the communications equipment provider’s stock valued at $45,000 after acquiring an additional 33 shares in the last quarter. Institutional investors own 84.17% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on MSI. Weiss Ratings reissued a “buy (b)” rating on shares of Motorola Solutions in a report on Wednesday, October 8th. UBS Group upped their price objective on shares of Motorola Solutions from $490.00 to $510.00 and gave the stock a “buy” rating in a research report on Friday, August 8th. Evercore ISI raised their target price on shares of Motorola Solutions from $500.00 to $525.00 and gave the company an “outperform” rating in a report 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 report on Friday, October 31st. Finally, Barclays decreased their price objective 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. Seven equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $506.43.

Insider Transactions at Motorola Solutions

In related news, SVP James A. Niewiara sold 1,700 shares of the business’s stock in a transaction on Thursday, September 11th. The stock was sold at an average price of $485.43, for a total transaction of $825,231.00. Following the sale, the senior vice president owned 14,542 shares in the company, valued at $7,059,123.06. The trade was a 10.47% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, COO John P. Molloy sold 37,514 shares of the company’s stock in a transaction dated Thursday, August 21st. The stock was sold at an average price of $462.38, for a total value of $17,345,723.32. Following the completion of the transaction, the chief operating officer directly owned 59,328 shares of the company’s stock, valued at approximately $27,432,080.64. The trade was a 38.74% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 148,128 shares of company stock worth $70,431,641. Insiders own 1.44% of the company’s stock.

Motorola Solutions Trading Down 1.4%

MSI opened at $372.29 on Wednesday. The company has a market cap of $62.01 billion, a P/E ratio of 29.97, a PEG ratio of 3.46 and a beta of 0.96. The company has a current ratio of 1.73, a quick ratio of 1.54 and a debt-to-equity ratio of 3.86. The company’s 50 day moving average is $439.65 and its 200-day moving average is $434.42. Motorola Solutions, Inc. has a 1-year low of $371.56 and a 1-year high of $503.62.

Motorola Solutions (NYSE:MSI) last issued its quarterly earnings data 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 net margin of 19.08% and a return on equity of 134.30%. The business had revenue of $3.01 billion during the quarter, compared to the consensus estimate of $2.99 billion. During the same quarter in the prior year, the firm earned $3.74 EPS. The firm’s revenue was up 7.8% compared to the same quarter last year. Equities 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 declared a quarterly dividend, which will be paid on Thursday, January 15th. Stockholders of record on Monday, December 15th will be paid a $1.21 dividend. This represents a $4.84 dividend on an annualized basis 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 dividend payout ratio is currently 34.99%.

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.