Numerai GP LLC Sells 3,153 Shares of Motorola Solutions, Inc. $MSI

Numerai GP LLC cut its holdings in Motorola Solutions, Inc. (NYSE:MSI) by 37.2% during the 3rd quarter, HoldingsChannel reports. The fund owned 5,333 shares of the communications equipment provider’s stock after selling 3,153 shares during the quarter. Numerai GP LLC’s holdings in Motorola Solutions were worth $2,439,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of MSI. Revolve Wealth Partners LLC acquired a new position in shares of Motorola Solutions during the 4th quarter worth approximately $208,000. Sivia Capital Partners LLC acquired a new stake in shares of Motorola Solutions in the second quarter valued at approximately $210,000. SBI Securities Co. Ltd. boosted its stake in shares of Motorola Solutions by 103.8% in the second quarter. SBI Securities Co. Ltd. now owns 163 shares of the communications equipment provider’s stock valued at $69,000 after buying an additional 83 shares during the period. Foundations Investment Advisors LLC grew its position in Motorola Solutions by 9.2% during the second quarter. Foundations Investment Advisors LLC now owns 1,250 shares of the communications equipment provider’s stock worth $525,000 after buying an additional 105 shares in the last quarter. Finally, Empower Advisory Group LLC grew its position in Motorola Solutions by 12.6% during the second quarter. Empower Advisory Group LLC now owns 796 shares of the communications equipment provider’s stock worth $335,000 after buying an additional 89 shares in the last quarter. Institutional investors and hedge funds own 84.17% of the company’s stock.

Motorola Solutions Trading Down 0.5%

Shares of MSI opened at $470.98 on Tuesday. Motorola Solutions, Inc. has a 52-week low of $359.36 and a 52-week high of $492.22. The business’s fifty day moving average is $430.98 and its 200-day moving average is $422.78. The company has a debt-to-equity ratio of 3.47, a quick ratio of 0.87 and a current ratio of 1.04. The firm has a market cap of $78.02 billion, a price-to-earnings ratio of 36.91, a PEG ratio of 3.31 and a beta of 0.96.

Motorola Solutions (NYSE:MSI) last posted its quarterly earnings results on Wednesday, February 11th. The communications equipment provider reported $4.59 EPS for the quarter, topping analysts’ consensus estimates of $4.35 by $0.24. The company had revenue of $3.38 billion during the quarter, compared to analysts’ expectations of $3.34 billion. Motorola Solutions had a return on equity of 110.75% and a net margin of 18.44%.Motorola Solutions’s revenue was up 12.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $4.04 EPS. Equities analysts anticipate that Motorola Solutions, Inc. will post 13.55 EPS for the current fiscal year.

Motorola Solutions Announces Dividend

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

Insider Activity

In related news, CEO Gregory Q. Brown sold 28,435 shares of the stock in a transaction that occurred on Wednesday, March 4th. The shares were sold at an average price of $477.95, for a total value of $13,590,508.25. Following the completion of the transaction, the chief executive officer owned 90,721 shares of the company’s stock, valued at $43,360,101.95. This represents a 23.86% decrease in their position. 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 the firm’s stock in a transaction that occurred on 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 owned 7,153 shares in the company, valued at $3,362,768.36. This represents a 5.72% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 129,069 shares of company stock worth $60,779,964. Corporate insiders own 1.44% of the company’s stock.

Wall Street Analysts Forecast Growth

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

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.