Yousif Capital Management LLC Trims Position in Motorola Solutions, Inc. $MSI

Yousif Capital Management LLC cut its holdings in shares of Motorola Solutions, Inc. (NYSE:MSI) by 14.1% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 19,329 shares of the communications equipment provider’s stock after selling 3,184 shares during the period. Yousif Capital Management LLC’s holdings in Motorola Solutions were worth $7,559,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Orion Capital Management LLC purchased a new stake in Motorola Solutions in the third quarter worth $25,000. United Community Bank grew its stake in Motorola Solutions by 81.3% in the third quarter. United Community Bank now owns 58 shares of the communications equipment provider’s stock worth $27,000 after purchasing an additional 26 shares during the period. Strategic Advocates LLC purchased a new stake in Motorola Solutions in the third quarter worth $28,000. JPL Wealth Management LLC purchased a new stake in Motorola Solutions in the third quarter worth $31,000. Finally, Halbert Hargrove Global Advisors LLC purchased a new stake in Motorola Solutions in the third quarter worth $33,000. 84.17% of the stock is owned by hedge funds and other institutional investors.

Motorola Solutions Trading Up 1.2%

Shares of NYSE:MSI opened at $447.65 on Thursday. The company has a market cap of $74.16 billion, a P/E ratio of 35.08, a PEG ratio of 3.07 and a beta of 0.99. The company has a debt-to-equity ratio of 3.47, a current ratio of 1.04 and a quick ratio of 0.87. Motorola Solutions, Inc. has a 1 year low of $359.36 and a 1 year high of $492.22. The stock’s fifty day moving average price is $449.32 and its 200-day moving average price is $419.44.

Motorola Solutions (NYSE:MSI) last announced its quarterly earnings results on Wednesday, February 11th. The communications equipment provider reported $4.59 earnings per share (EPS) for the quarter, beating 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 return on equity of 110.75% and a net margin of 18.44%.The company’s quarterly revenue was up 12.3% on a year-over-year basis. During the same period in the prior year, the company posted $4.04 earnings per share. Sell-side analysts expect that Motorola Solutions, Inc. will post 13.55 earnings per share for the current year.

Motorola Solutions Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders 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 yield of 1.1%. Motorola Solutions’s dividend payout ratio is currently 37.93%.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. Weiss Ratings raised Motorola Solutions from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, March 2nd. Argus raised Motorola Solutions to a “strong-buy” rating in a report on Friday, February 13th. Truist Financial began coverage on Motorola Solutions in a report on Tuesday, March 31st. They issued a “buy” rating and a $540.00 target price on the stock. Barclays boosted their target price on Motorola Solutions from $495.00 to $506.00 and gave the stock an “overweight” rating in a report on Thursday, February 12th. Finally, Piper Sandler reissued an “overweight” rating and issued a $499.00 target price (up from $443.00) on shares of Motorola Solutions in a report on Thursday, February 12th. Two research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the company has an average rating of “Buy” and an average target price of $502.50.

Insider Buying and Selling at Motorola Solutions

In other Motorola Solutions news, Director Kenneth D. Denman sold 434 shares of the stock in a transaction dated Thursday, February 26th. The stock was sold at an average price of $470.12, for a total value of $204,032.08. Following the transaction, the director owned 7,153 shares of the company’s stock, valued at approximately $3,362,768.36. This represents a 5.72% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Gregory Q. Brown sold 50,000 shares of the stock in a transaction dated Tuesday, February 24th. The shares were sold at an average price of $468.09, for a total value of $23,404,500.00. Following the completion of the transaction, the chief executive officer directly owned 47,167 shares in the company, valued at approximately $22,078,401.03. This represents a 51.46% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 129,069 shares of company stock valued at $60,779,964. 1.44% of the stock is owned by company insiders.

About Motorola Solutions

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.