Quadrant Capital Group LLC Purchases 1,431 Shares of Motorola Solutions, Inc. $MSI

Quadrant Capital Group LLC boosted its position in shares of Motorola Solutions, Inc. (NYSE:MSI) by 35.0% in the third quarter, Holdings Channel reports. The fund owned 5,521 shares of the communications equipment provider’s stock after acquiring an additional 1,431 shares during the period. Quadrant Capital Group LLC’s holdings in Motorola Solutions were worth $2,525,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Revolve Wealth Partners LLC acquired a new position in shares of Motorola Solutions during the 4th quarter worth about $208,000. Sivia Capital Partners LLC acquired a new stake in Motorola Solutions in the 2nd quarter valued at approximately $210,000. Wedbush Securities Inc. grew its holdings in Motorola Solutions by 5.0% in the 2nd quarter. Wedbush Securities Inc. now owns 1,254 shares of the communications equipment provider’s stock valued at $527,000 after buying an additional 60 shares during the last quarter. ProShare Advisors LLC increased its position in Motorola Solutions by 8.4% in the 2nd quarter. ProShare Advisors LLC now owns 52,821 shares of the communications equipment provider’s stock worth $22,209,000 after buying an additional 4,088 shares during the period. Finally, Allworth Financial LP increased its position in Motorola Solutions by 126.1% in the 2nd quarter. Allworth Financial LP now owns 3,493 shares of the communications equipment provider’s stock worth $1,469,000 after buying an additional 1,948 shares during the period. 84.17% of the stock is currently owned by institutional investors.

Insider Activity at Motorola Solutions

In other Motorola Solutions news, CEO Gregory Q. Brown sold 28,435 shares of the firm’s stock in a transaction dated Wednesday, March 4th. The shares were sold at an average price of $477.95, for a total transaction of $13,590,508.25. Following the completion of the transaction, the chief executive officer owned 90,721 shares in the company, valued at $43,360,101.95. This trade represents a 23.86% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Kenneth D. Denman sold 434 shares of Motorola Solutions stock in a transaction that occurred on Thursday, February 26th. The shares were sold at an average price of $470.12, for a total value of $204,032.08. Following the sale, the director directly owned 7,153 shares in the company, valued at $3,362,768.36. The trade was a 5.72% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 129,069 shares of company stock valued at $60,779,964 over the last quarter. 1.44% of the stock is owned by company insiders.

Motorola Solutions Stock Performance

Shares of NYSE MSI opened at $462.30 on Thursday. The firm has a market capitalization of $76.58 billion, a price-to-earnings ratio of 36.23, a PEG ratio of 3.25 and a beta of 0.96. Motorola Solutions, Inc. has a one year low of $359.36 and a one year high of $492.22. The business has a fifty day simple moving average of $425.74 and a 200 day simple moving average of $422.91. The company has a current ratio of 1.04, a quick ratio of 0.87 and a debt-to-equity ratio of 3.47.

Motorola Solutions (NYSE:MSI) last posted its quarterly earnings results 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. The firm had revenue of $3.38 billion for the quarter, compared to the consensus estimate of $3.34 billion. Motorola Solutions had a net margin of 18.44% and a return on equity of 110.75%. The business’s revenue was up 12.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $4.04 earnings per share. Sell-side analysts expect that Motorola Solutions, Inc. will post 13.55 EPS for the current year.

Motorola Solutions Announces Dividend

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

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. Morgan Stanley reissued an “overweight” rating and issued a $470.00 price objective on shares of Motorola Solutions in a research report on Thursday, February 12th. Northcoast Research raised shares of Motorola Solutions from a “neutral” rating to a “buy” rating and set a $450.00 target price on the stock in a research report on Monday, December 1st. Weiss Ratings upgraded shares of Motorola Solutions from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, March 2nd. Argus raised shares of Motorola Solutions to a “strong-buy” rating in a report on Friday, February 13th. Finally, Piper Sandler restated an “overweight” rating and issued a $499.00 price target (up from $443.00) on shares of Motorola Solutions in a research report on Thursday, February 12th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Buy” and an average target price 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.