Hantz Financial Services Inc. reduced its position in shares of Motorola Solutions, Inc. (NYSE:MSI – Free Report) by 42.1% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 3,038 shares of the communications equipment provider’s stock after selling 2,212 shares during the period. Hantz Financial Services Inc.’s holdings in Motorola Solutions were worth $1,165,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also modified their holdings of MSI. Northwestern Mutual Wealth Management Co. boosted its holdings in Motorola Solutions by 11,507.4% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,192,196 shares of the communications equipment provider’s stock valued at $456,993,000 after purchasing an additional 1,181,925 shares during the period. Ninety One UK Ltd boosted its holdings in Motorola Solutions by 74.3% in the fourth quarter. Ninety One UK Ltd now owns 1,338,589 shares of the communications equipment provider’s stock valued at $513,108,000 after purchasing an additional 570,712 shares during the period. Capital World Investors boosted its holdings in Motorola Solutions by 5.5% in the third quarter. Capital World Investors now owns 9,386,519 shares of the communications equipment provider’s stock valued at $4,292,310,000 after purchasing an additional 490,354 shares during the period. Victory Capital Management Inc. boosted its holdings in Motorola Solutions by 56.6% in the third quarter. Victory Capital Management Inc. now owns 1,203,661 shares of the communications equipment provider’s stock valued at $550,422,000 after purchasing an additional 435,178 shares during the period. Finally, Ameriprise Financial Inc. boosted its holdings in Motorola Solutions by 35.2% in the second quarter. Ameriprise Financial Inc. now owns 1,355,159 shares of the communications equipment provider’s stock valued at $568,930,000 after purchasing an additional 353,113 shares during the period. 84.17% of the stock is currently owned by hedge funds and other institutional investors.
Motorola Solutions Stock Performance
Shares of MSI stock opened at $408.95 on Thursday. The stock has a market capitalization of $67.88 billion, a PE ratio of 32.95, a price-to-earnings-growth ratio of 2.84 and a beta of 0.93. Motorola Solutions, Inc. has a 52-week low of $359.36 and a 52-week high of $492.22. The stock’s 50-day moving average price is $430.64 and its 200 day moving average price is $414.45. The company has a quick ratio of 0.86, a current ratio of 1.07 and a debt-to-equity ratio of 3.28.
Motorola Solutions Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Wednesday, June 17th will be paid a dividend of $1.21 per share. The ex-dividend date of this dividend is Wednesday, June 17th. This represents a $4.84 annualized dividend and a dividend yield of 1.2%. Motorola Solutions’s payout ratio is 39.00%.
Insider Activity at Motorola Solutions
In other news, CEO Gregory Q. Brown sold 28,435 shares of the business’s stock in a transaction that occurred on Wednesday, March 4th. The stock was sold at an average price of $477.95, for a total transaction of $13,590,508.25. Following the sale, the chief executive officer owned 90,721 shares of the company’s stock, valued at $43,360,101.95. The trade was a 23.86% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.28% of the stock is owned by company insiders.
Analysts Set New Price Targets
A number of analysts have weighed in on MSI shares. Piper Sandler raised their price target on Motorola Solutions from $499.00 to $503.00 and gave the company an “overweight” rating in a research note on Friday, May 8th. Morgan Stanley restated an “overweight” rating and issued a $470.00 price target on shares of Motorola Solutions in a research note on Thursday, February 12th. Weiss Ratings cut Motorola Solutions from a “buy (b)” rating to a “buy (b-)” rating in a research note on Monday, May 11th. Wall Street Zen cut Motorola Solutions from a “buy” rating to a “hold” rating in a research note on Sunday, April 26th. Finally, Raymond James Financial restated an “outperform” rating and issued a $530.00 price target on shares of Motorola Solutions in a research note on Friday, May 8th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $504.67.
Check Out Our Latest Stock Report on Motorola Solutions
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.
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