Motorola Solutions, Inc. $MSI Shares Purchased by GDS Wealth Management

GDS Wealth Management boosted its stake in Motorola Solutions, Inc. (NYSE:MSI) by 29.8% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 21,896 shares of the communications equipment provider’s stock after purchasing an additional 5,028 shares during the period. GDS Wealth Management’s holdings in Motorola Solutions were worth $9,206,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in shares of Motorola Solutions by 1.8% during the second quarter. Vanguard Group Inc. now owns 21,885,593 shares of the communications equipment provider’s stock worth $9,202,016,000 after buying an additional 384,479 shares during the period. Geode Capital Management LLC lifted its stake in Motorola Solutions by 1.2% during the 2nd quarter. Geode Capital Management LLC now owns 4,386,899 shares of the communications equipment provider’s stock worth $1,839,569,000 after acquiring an additional 51,474 shares in the last quarter. Raymond James Financial Inc. boosted its holdings in Motorola Solutions by 2.0% during the 1st quarter. Raymond James Financial Inc. now owns 3,374,532 shares of the communications equipment provider’s stock valued at $1,477,404,000 after acquiring an additional 66,766 shares during the period. Alliancebernstein L.P. grew its position in Motorola Solutions by 1.6% in the 1st quarter. Alliancebernstein L.P. now owns 2,921,004 shares of the communications equipment provider’s stock valued at $1,278,845,000 after acquiring an additional 47,368 shares in the last quarter. Finally, Invesco Ltd. increased its stake in Motorola Solutions by 2.6% during the first quarter. Invesco Ltd. now owns 2,043,914 shares of the communications equipment provider’s stock worth $894,846,000 after purchasing an additional 50,891 shares during the period. Hedge funds and other institutional investors own 84.17% of the company’s stock.

Insider Activity

In other Motorola Solutions news, SVP Rajan Naik sold 8,014 shares of the stock in a transaction that occurred on Wednesday, September 3rd. The shares were sold at an average price of $474.45, for a total value of $3,802,242.30. Following the transaction, the senior vice president directly owned 10,244 shares in the company, valued at $4,860,265.80. This represents a 43.89% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Gregory Q. Brown sold 50,000 shares of the firm’s stock in a transaction that occurred on Friday, September 12th. The stock was sold at an average price of $483.50, for a total transaction of $24,175,000.00. Following the sale, the chief executive officer directly owned 46,936 shares in the company, valued at approximately $22,693,556. The trade was a 51.58% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 110,614 shares of company stock worth $53,085,917. 1.44% of the stock is currently owned by insiders.

Motorola Solutions Trading Down 0.3%

Shares of NYSE:MSI opened at $371.10 on Thursday. Motorola Solutions, Inc. has a 52 week low of $368.17 and a 52 week high of $503.62. The company’s 50 day moving average is $437.44 and its two-hundred day moving average is $433.98. The company has a market cap of $61.81 billion, a PE ratio of 29.88, a P/E/G 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.

Motorola Solutions (NYSE:MSI) last released its quarterly earnings data on Friday, October 31st. The communications equipment provider reported $4.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.85 by $0.21. The business had revenue of $3.01 billion during the quarter, compared to analysts’ expectations of $2.99 billion. Motorola Solutions had a net margin of 19.08% and a return on equity of 134.30%. The company’s revenue for the quarter was up 7.8% on a year-over-year basis. During the same period in the previous year, the company earned $3.74 EPS. Equities analysts predict 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 will be paid on Thursday, January 15th. Stockholders of record on Monday, December 15th will be given a dividend of $1.21 per share. The ex-dividend date of this dividend is Monday, December 15th. This represents a $4.84 annualized dividend and a dividend yield of 1.3%. This is an increase from Motorola Solutions’s previous quarterly dividend of $0.01. Motorola Solutions’s payout ratio is currently 34.99%.

Analyst Ratings Changes

Several research analysts have recently commented on MSI shares. UBS Group raised their price objective on shares of Motorola Solutions from $490.00 to $510.00 and gave the company a “buy” rating in a research note on Friday, August 8th. Evercore ISI increased their target price on shares of Motorola Solutions from $500.00 to $525.00 and gave the stock an “outperform” rating in a report on Friday, August 29th. Barclays decreased 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. Piper Sandler reaffirmed a “neutral” rating and set a $465.00 price objective (down previously from $495.00) on shares of Motorola Solutions in a research report on Friday, October 31st. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Motorola Solutions in a research note on Wednesday, October 8th. Seven investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, Motorola Solutions currently has an average rating of “Moderate Buy” and a consensus price target of $506.43.

Motorola Solutions Company Profile

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.