Mission Wealth Management LP Raises Holdings in Motorola Solutions, Inc. (NYSE:MSI)

Mission Wealth Management LP increased its stake in shares of Motorola Solutions, Inc. (NYSE:MSI) by 317.1% during the 1st quarter, Holdings Channel reports. The fund owned 3,570 shares of the communications equipment provider’s stock after purchasing an additional 2,714 shares during the quarter. Mission Wealth Management LP’s holdings in Motorola Solutions were worth $1,563,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Perennial Investment Advisors LLC grew its stake in shares of Motorola Solutions by 14.4% during the 4th quarter. Perennial Investment Advisors LLC now owns 828 shares of the communications equipment provider’s stock worth $383,000 after purchasing an additional 104 shares during the period. Union Bancaire Privee UBP SA acquired a new position in shares of Motorola Solutions in the 4th quarter valued at $24,136,000. Revolve Wealth Partners LLC purchased a new stake in Motorola Solutions during the fourth quarter worth $208,000. Vontobel Holding Ltd. grew its position in Motorola Solutions by 49.8% during the fourth quarter. Vontobel Holding Ltd. now owns 6,059 shares of the communications equipment provider’s stock valued at $2,801,000 after buying an additional 2,015 shares during the period. Finally, Valeo Financial Advisors LLC grew its position in Motorola Solutions by 3.8% during the fourth quarter. Valeo Financial Advisors LLC now owns 924 shares of the communications equipment provider’s stock valued at $427,000 after buying an additional 34 shares during the period. 84.17% of the stock is currently owned by hedge funds and other institutional investors.

Motorola Solutions Price Performance

Shares of Motorola Solutions stock opened at $407.07 on Tuesday. The stock has a market capitalization of $67.95 billion, a P/E ratio of 44.15, a PEG ratio of 3.82 and a beta of 0.96. The business has a 50 day simple moving average of $419.20 and a two-hundred day simple moving average of $439.92. Motorola Solutions, Inc. has a 12 month low of $375.82 and a 12 month high of $507.82. The company has a debt-to-equity ratio of 3.30, a current ratio of 1.28 and a quick ratio of 1.13.

Motorola Solutions (NYSE:MSI) last posted its quarterly earnings data on Thursday, May 1st. The communications equipment provider reported $3.18 EPS for the quarter, beating the consensus estimate of $3.01 by $0.17. The firm had revenue of $2.53 billion during the quarter, compared to the consensus estimate of $2.52 billion. Motorola Solutions had a return on equity of 197.59% and a net margin of 14.58%. The firm’s revenue was up 5.8% compared to the same quarter last year. During the same period in the prior year, the company earned $2.81 EPS. As a group, analysts predict that Motorola Solutions, Inc. will post 13.55 EPS for the current fiscal year.

Motorola Solutions Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Friday, June 13th will be paid a $1.09 dividend. This represents a $4.36 annualized dividend and a dividend yield of 1.07%. The ex-dividend date of this dividend is Friday, June 13th. Motorola Solutions’s dividend payout ratio is currently 36.39%.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on MSI. William Blair reiterated an “outperform” rating on shares of Motorola Solutions in a research report on Wednesday, May 28th. JPMorgan Chase & Co. reduced their price target on Motorola Solutions from $570.00 to $515.00 and set an “overweight” rating for the company in a report on Thursday, April 17th. Wall Street Zen lowered Motorola Solutions from a “buy” rating to a “hold” rating in a report on Thursday, May 22nd. Finally, Barclays cut their price objective on Motorola Solutions from $527.00 to $511.00 and set an “overweight” rating for the company in a research report on Monday, May 5th. Two analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $513.25.

Insider Buying and Selling

In other Motorola Solutions news, CAO Katherine A. Maher sold 1,073 shares of the stock in a transaction dated Thursday, May 29th. The shares were sold at an average price of $418.68, for a total value of $449,243.64. Following the completion of the sale, the chief accounting officer now owns 804 shares in the company, valued at approximately $336,618.72. This represents a 57.17% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.44% of the stock is currently owned by company insiders.

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.