Motorola Solutions, Inc. $MSI Shares Purchased by Cetera Investment Advisers

Cetera Investment Advisers boosted its stake in shares of Motorola Solutions, Inc. (NYSE:MSI) by 11.5% during the 2nd quarter, Holdings Channel.com reports. The firm owned 51,320 shares of the communications equipment provider’s stock after acquiring an additional 5,275 shares during the period. Cetera Investment Advisers’ holdings in Motorola Solutions were worth $21,578,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Signature Resources Capital Management LLC purchased a new stake in shares of Motorola Solutions during the second quarter worth approximately $25,000. Saudi Central Bank purchased a new position in Motorola Solutions in the first quarter worth approximately $29,000. Whipplewood Advisors LLC grew its holdings in Motorola Solutions by 289.5% during the 2nd quarter. Whipplewood Advisors LLC now owns 74 shares of the communications equipment provider’s stock worth $31,000 after acquiring an additional 55 shares in the last quarter. Rossby Financial LCC grew its holdings in Motorola Solutions by 148.6% during the 2nd quarter. Rossby Financial LCC now owns 87 shares of the communications equipment provider’s stock worth $37,000 after acquiring an additional 52 shares in the last quarter. Finally, Cape Investment Advisory Inc. increased its position in shares of Motorola Solutions by 3,300.0% in the 1st quarter. Cape Investment Advisory Inc. now owns 102 shares of the communications equipment provider’s stock valued at $45,000 after purchasing an additional 99 shares during the last quarter. Hedge funds and other institutional investors own 84.17% of the company’s stock.

Insider Transactions at Motorola Solutions

In other news, SVP James A. Niewiara sold 1,700 shares of Motorola Solutions stock in a transaction on Thursday, September 11th. The shares were sold at an average price of $485.43, for a total value of $825,231.00. Following the transaction, the senior vice president directly owned 14,542 shares of the company’s stock, valued at $7,059,123.06. The trade was a 10.47% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Gregory Q. Brown sold 50,000 shares of the company’s stock in a transaction on Friday, September 12th. The shares were sold at an average price of $483.50, for a total transaction of $24,175,000.00. Following the completion of the sale, the chief executive officer owned 46,936 shares of the company’s stock, valued at approximately $22,693,556. This trade represents a 51.58% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 148,128 shares of company stock worth $70,431,641. 1.44% of the stock is currently owned by corporate insiders.

Motorola Solutions Price Performance

Shares of MSI opened at $372.29 on Wednesday. The company has a debt-to-equity ratio of 3.86, a current ratio of 1.73 and a quick ratio of 1.54. Motorola Solutions, Inc. has a 1-year low of $371.56 and a 1-year high of $503.62. The stock has a market cap of $62.01 billion, a PE ratio of 29.97, a price-to-earnings-growth ratio of 3.46 and a beta of 0.96. The firm has a fifty day moving average price of $439.65 and a 200 day moving average price of $434.42.

Motorola Solutions (NYSE:MSI) last issued its quarterly earnings data on Friday, October 31st. The communications equipment provider reported $4.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.85 by $0.21. Motorola Solutions had a return on equity of 134.30% and a net margin of 19.08%.The company had revenue of $3.01 billion for the quarter, compared to analyst estimates of $2.99 billion. During the same quarter last year, the company posted $3.74 earnings per share. The business’s quarterly revenue was up 7.8% compared to the same quarter last year. As a group, sell-side analysts anticipate that Motorola Solutions, Inc. will post 13.55 EPS for the current year.

Motorola Solutions Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 15th. Investors of record on Monday, December 15th will be paid a dividend of $1.21 per share. The ex-dividend date is Monday, December 15th. This represents a $4.84 dividend on an annualized basis and a yield of 1.3%. This is a boost from Motorola Solutions’s previous quarterly dividend of $0.01. Motorola Solutions’s dividend payout ratio (DPR) is 34.99%.

Analysts Set New Price Targets

A number of brokerages recently commented on MSI. UBS Group boosted their target price on shares of Motorola Solutions from $490.00 to $510.00 and gave the stock a “buy” rating in a research note on Friday, August 8th. Barclays lowered their price objective on Motorola Solutions from $509.00 to $495.00 and set an “overweight” rating for the company in a research report on Friday, October 31st. Evercore ISI raised their target price on Motorola Solutions from $500.00 to $525.00 and gave the stock an “outperform” rating in a research report on Friday, August 29th. Weiss Ratings restated a “buy (b)” rating on shares of Motorola Solutions in a research note on Wednesday, October 8th. Finally, Piper Sandler reiterated a “neutral” rating and issued a $465.00 price target (down from $495.00) on shares of Motorola Solutions in a research note on Friday, October 31st. Seven analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $506.43.

Motorola Solutions Company Profile

Motorola Solutions, Inc provides public safety and enterprise security solutions in the United States, the United Kingdom, Canada, and internationally. The company operates in two segments, Products and Systems Integration, and Software and Services. The Products and Systems Integration segment offers a portfolio of infrastructure, devices, accessories, and video security devices and infrastructure, as well as the implementation and integration of systems, devices, software, and applications for government, public safety, and commercial customers who operate private communications networks and video security solutions, as well as manage a mobile workforce.