Segall Bryant & Hamill LLC Sells 3,330 Shares of Motorola Solutions, Inc. $MSI

Segall Bryant & Hamill LLC lessened its position in Motorola Solutions, Inc. (NYSE:MSI) by 5.0% in the third quarter, HoldingsChannel reports. The firm owned 63,799 shares of the communications equipment provider’s stock after selling 3,330 shares during the quarter. Segall Bryant & Hamill LLC’s holdings in Motorola Solutions were worth $29,175,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. 111 Capital lifted its position in Motorola Solutions by 19.9% during the third quarter. 111 Capital now owns 2,797 shares of the communications equipment provider’s stock valued at $1,279,000 after buying an additional 465 shares during the period. Elo Mutual Pension Insurance Co increased its stake in shares of Motorola Solutions by 26.0% in the 3rd quarter. Elo Mutual Pension Insurance Co now owns 15,746 shares of the communications equipment provider’s stock worth $7,200,000 after acquiring an additional 3,253 shares in the last quarter. William Blair Investment Management LLC purchased a new position in Motorola Solutions during the 3rd quarter valued at about $1,328,000. New Age Alpha Advisors LLC boosted its stake in Motorola Solutions by 19.5% during the third quarter. New Age Alpha Advisors LLC now owns 1,951 shares of the communications equipment provider’s stock worth $892,000 after acquiring an additional 318 shares in the last quarter. Finally, Aviso Financial Inc. grew its holdings in Motorola Solutions by 166.5% in the third quarter. Aviso Financial Inc. now owns 7,640 shares of the communications equipment provider’s stock worth $3,494,000 after purchasing an additional 4,773 shares during the period. 84.17% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the stock. Piper Sandler reiterated an “overweight” rating and set a $499.00 target price (up from $443.00) on shares of Motorola Solutions in a report on Thursday, February 12th. JPMorgan Chase & Co. raised their price objective on Motorola Solutions from $515.00 to $520.00 and gave the company an “overweight” rating in a research report on Thursday, February 12th. Argus raised Motorola Solutions to a “strong-buy” rating in a report on Friday, February 13th. Barclays increased their target price on Motorola Solutions from $495.00 to $506.00 and gave the stock an “overweight” rating in a research note on Thursday, February 12th. Finally, Morgan Stanley reiterated an “overweight” rating and issued a $470.00 price target on shares of Motorola Solutions in a research note on Thursday, February 12th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $497.14.

Insider Activity

In other news, Director Kenneth D. Denman sold 434 shares of the stock in a transaction on Thursday, February 26th. The stock was sold at an average price of $470.12, for a total transaction of $204,032.08. Following the transaction, the director directly owned 7,153 shares of the company’s stock, valued at $3,362,768.36. This represents a 5.72% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Cynthia Yazdi sold 7,000 shares of Motorola Solutions stock in a transaction on Thursday, February 26th. The stock was sold at an average price of $471.01, for a total value of $3,297,070.00. Following the completion of the sale, the chief executive officer directly owned 9,529 shares of the company’s stock, valued at $4,488,254.29. The trade was a 42.35% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 100,634 shares of company stock valued at $47,189,456 over the last three months. Insiders own 1.44% of the company’s stock.

Motorola Solutions Stock Up 0.8%

Motorola Solutions stock opened at $486.31 on Tuesday. Motorola Solutions, Inc. has a 12 month low of $359.36 and a 12 month high of $492.22. The stock has a fifty day simple moving average of $413.39 and a two-hundred day simple moving average of $422.36. The company has a current ratio of 1.04, a quick ratio of 0.87 and a debt-to-equity ratio of 3.47. The firm has a market cap of $80.56 billion, a price-to-earnings ratio of 38.11, a PEG ratio of 3.38 and a beta of 0.96.

Motorola Solutions (NYSE:MSI) last released 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 return on equity of 110.75% and a net margin of 18.44%.The company had revenue of $3.38 billion for the quarter, compared to analysts’ expectations of $3.34 billion. During the same period last year, the firm posted $4.04 earnings per share. Motorola Solutions’s revenue was up 12.3% compared to the same quarter last year. Equities analysts predict that Motorola Solutions, Inc. will post 13.55 EPS for the current fiscal year.

Motorola Solutions Dividend Announcement

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

Motorola Solutions Company 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.