Martingale Asset Management L P Sells 1,907 Shares of Motorola Solutions, Inc. $MSI

Martingale Asset Management L P reduced its position in shares of Motorola Solutions, Inc. (NYSE:MSI) by 3.8% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 48,884 shares of the communications equipment provider’s stock after selling 1,907 shares during the period. Martingale Asset Management L P’s holdings in Motorola Solutions were worth $22,354,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Norges Bank purchased a new stake in shares of Motorola Solutions in the second quarter worth $872,307,000. Marshall Wace LLP purchased a new position in Motorola Solutions during the second quarter worth about $230,743,000. Capital World Investors increased its stake in Motorola Solutions by 5.5% in the 3rd quarter. Capital World Investors now owns 9,386,519 shares of the communications equipment provider’s stock worth $4,292,310,000 after acquiring an additional 490,354 shares during the last quarter. Voya Investment Management LLC increased its stake in Motorola Solutions by 116.5% in the 3rd quarter. Voya Investment Management LLC now owns 841,463 shares of the communications equipment provider’s stock worth $384,793,000 after acquiring an additional 452,822 shares during the last quarter. Finally, Victory Capital Management Inc. raised its holdings in shares of Motorola Solutions by 56.6% in the 3rd quarter. Victory Capital Management Inc. now owns 1,203,661 shares of the communications equipment provider’s stock valued at $550,422,000 after acquiring an additional 435,178 shares in the last quarter. Institutional investors own 84.17% of the company’s stock.

Motorola Solutions Stock Up 0.3%

Shares of NYSE MSI opened at $463.88 on Friday. Motorola Solutions, Inc. has a one year low of $359.36 and a one year high of $492.22. The company has a debt-to-equity ratio of 3.47, a current ratio of 1.04 and a quick ratio of 0.87. The firm’s 50 day simple moving average is $427.36 and its two-hundred day simple moving average is $423.20. The stock has a market capitalization of $76.85 billion, a P/E ratio of 36.35, a PEG ratio of 3.24 and a beta of 0.96.

Motorola Solutions (NYSE:MSI) last announced its quarterly earnings data on Wednesday, February 11th. The communications equipment provider reported $4.59 earnings per share for the quarter, topping analysts’ consensus estimates 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 period in the previous year, the business posted $4.04 EPS. The business’s quarterly revenue was up 12.3% on a year-over-year basis. As a group, analysts expect that Motorola Solutions, Inc. will post 13.55 EPS for the current fiscal year.

Motorola Solutions Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Friday, March 20th will be paid a $1.21 dividend. The ex-dividend date of this dividend is Friday, March 20th. This represents a $4.84 annualized dividend and a yield of 1.0%. Motorola Solutions’s payout ratio is currently 37.93%.

Insider Buying and Selling at Motorola Solutions

In other Motorola Solutions news, Director Kenneth D. Denman sold 434 shares of the company’s stock in a transaction dated Thursday, February 26th. The shares were sold at an average price of $470.12, for a total transaction of $204,032.08. Following the completion of the sale, the director directly owned 7,153 shares in the company, valued at $3,362,768.36. This represents a 5.72% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Cynthia Yazdi sold 7,000 shares of the firm’s stock in a transaction dated Thursday, February 26th. The shares were sold at an average price of $471.01, for a total value of $3,297,070.00. Following the transaction, the chief executive officer directly owned 9,529 shares in the company, valued at $4,488,254.29. This trade represents a 42.35% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 129,069 shares of company stock worth $60,779,964 over the last three months. Company insiders own 1.44% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on MSI shares. Barclays lifted their price target on Motorola Solutions from $495.00 to $506.00 and gave the company an “overweight” rating in a research report on Thursday, February 12th. Weiss Ratings upgraded shares of Motorola Solutions from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, March 2nd. Piper Sandler reaffirmed an “overweight” rating and issued a $499.00 target price (up from $443.00) on shares of Motorola Solutions in a research note on Thursday, February 12th. JPMorgan Chase & Co. lifted their target price on shares of Motorola Solutions from $515.00 to $520.00 and gave the company an “overweight” rating in a research report on Thursday, February 12th. Finally, Northcoast Research raised shares of Motorola Solutions from a “neutral” rating to a “buy” rating and set a $450.00 price target for the company in a research note on Monday, December 1st. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $497.14.

Motorola Solutions 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.