Y Intercept Hong Kong Ltd raised its position in Motorola Solutions, Inc. (NYSE:MSI – Free Report) by 32.7% during the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 12,190 shares of the communications equipment provider’s stock after acquiring an additional 3,007 shares during the period. Y Intercept Hong Kong Ltd’s holdings in Motorola Solutions were worth $5,290,000 as of its most recent filing with the SEC.
Other large investors have also recently bought and sold shares of the company. Gunpowder Capital Management LLC dba Oliver Wealth Management bought a new position in shares of Motorola Solutions during the 4th quarter worth approximately $27,000. Strategic Advocates LLC bought a new stake in shares of Motorola Solutions in the third quarter worth $28,000. MidAtlantic Capital Management Inc. acquired a new position in Motorola Solutions during the fourth quarter worth $28,000. Physician Wealth Advisors Inc. grew its position in Motorola Solutions by 540.0% in the first quarter. Physician Wealth Advisors Inc. now owns 64 shares of the communications equipment provider’s stock valued at $28,000 after purchasing an additional 54 shares in the last quarter. Finally, Orion Capital Management LLC grew its position in Motorola Solutions by 46.3% in the fourth quarter. Orion Capital Management LLC now owns 79 shares of the communications equipment provider’s stock valued at $30,000 after purchasing an additional 25 shares in the last quarter. Institutional investors and hedge funds own 84.17% of the company’s stock.
Motorola Solutions Price Performance
Shares of NYSE MSI opened at $422.76 on Friday. The company has a quick ratio of 0.86, a current ratio of 1.07 and a debt-to-equity ratio of 3.28. The business’s 50 day moving average price is $410.64 and its two-hundred day moving average price is $420.40. The company has a market cap of $70.18 billion, a PE ratio of 34.07, a price-to-earnings-growth ratio of 2.94 and a beta of 0.88. Motorola Solutions, Inc. has a twelve month low of $359.36 and a twelve month high of $492.22.
Motorola Solutions Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Wednesday, June 17th will be issued a $1.21 dividend. This represents a $4.84 annualized dividend and a dividend yield of 1.1%. The ex-dividend date is Wednesday, June 17th. Motorola Solutions’s payout ratio is currently 39.00%.
Wall Street Analyst Weigh In
Several equities research analysts have commented on MSI shares. Raymond James Financial reissued an “outperform” rating and set a $530.00 price target on shares of Motorola Solutions in a research report on Friday, May 8th. Weiss Ratings downgraded Motorola Solutions from a “buy (b)” rating to a “buy (b-)” rating in a research report on Monday, May 11th. Evercore reiterated an “outperform” rating on shares of Motorola Solutions in a report on Monday, June 1st. Wall Street Zen cut Motorola Solutions from a “buy” rating to a “hold” rating in a research report on Sunday, April 26th. Finally, Truist Financial decreased their price target on Motorola Solutions from $540.00 to $525.00 and set a “buy” rating for the company in a research note on Friday, May 8th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $504.67.
Check Out Our Latest Stock Report on Motorola Solutions
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.
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