Oppenheimer Asset Management Inc. raised its holdings in Motorola Solutions, Inc. (NYSE:MSI – Free Report) by 130.9% during the second quarter, HoldingsChannel.com reports. The firm owned 19,292 shares of the communications equipment provider’s stock after buying an additional 10,937 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Motorola Solutions were worth $8,112,000 as of its most recent SEC filing.
A number of other institutional investors also recently made changes to their positions in MSI. Signature Resources Capital Management LLC acquired a new stake in Motorola Solutions in the second quarter valued at $25,000. Saudi Central Bank acquired a new stake in shares of Motorola Solutions in the 1st quarter valued at about $29,000. Whipplewood Advisors LLC raised its stake in shares of Motorola Solutions by 289.5% in the 2nd quarter. Whipplewood Advisors LLC now owns 74 shares of the communications equipment provider’s stock valued at $31,000 after purchasing an additional 55 shares in the last quarter. Fort Vancouver Investment Management LLC acquired a new stake in Motorola Solutions during the first quarter valued at approximately $37,000. Finally, Cape Investment Advisory Inc. raised its stake in Motorola Solutions by 3,300.0% during the first quarter. Cape Investment Advisory Inc. now owns 102 shares of the communications equipment provider’s stock valued at $45,000 after buying an additional 99 shares in the last quarter. 84.17% of the stock is owned by institutional investors and hedge funds.
Motorola Solutions Stock Performance
Shares of NYSE MSI opened at $443.95 on Tuesday. The business’s 50-day moving average price is $462.66 and its two-hundred day moving average price is $437.44. 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 one year low of $388.90 and a one year high of $507.82. The company has a market capitalization of $73.96 billion, a P/E ratio of 35.74, a price-to-earnings-growth ratio of 3.51 and a beta of 0.97.
Motorola Solutions Cuts Dividend
The company also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Monday, September 15th were paid a $0.0109 dividend. The ex-dividend date of this dividend was Monday, September 15th. This represents a $0.04 annualized dividend and a dividend yield of 0.0%. Motorola Solutions’s payout ratio is presently 35.10%.
Insider Buying and Selling at Motorola Solutions
In other Motorola Solutions news, SVP James A. Niewiara sold 1,700 shares of the business’s stock in a transaction that occurred 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 completion of the sale, 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Gregory Q. Brown sold 50,000 shares of the business’s stock in a transaction that occurred on Friday, September 12th. The stock was 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 directly owned 46,936 shares of the company’s stock, valued at $22,693,556. This represents a 51.58% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 248,493 shares of company stock valued at $116,848,278. 1.44% of the stock is currently owned by insiders.
Analyst Ratings Changes
Several equities research analysts recently issued reports on MSI shares. UBS Group upped their price target on Motorola Solutions from $490.00 to $510.00 and gave the company a “buy” rating in a research report on Friday, August 8th. Weiss Ratings restated a “buy (b)” rating on shares of Motorola Solutions in a research note on Wednesday, October 8th. Wolfe Research initiated coverage on shares of Motorola Solutions in a research note on Monday, July 7th. They set a “peer perform” rating on the stock. Piper Sandler began coverage on Motorola Solutions in a research note on Tuesday, September 23rd. They issued a “neutral” rating and a $495.00 price target on the stock. Finally, Evercore ISI lifted their target price on shares of Motorola Solutions from $500.00 to $525.00 and gave the stock an “outperform” rating in a research report on Friday, August 29th. Eight analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $513.00.
Get Our Latest Report on Motorola Solutions
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.
Featured Stories
- Five stocks we like better than Motorola Solutions
- Russell 2000 Index, How Investors Use it For Profitable Trading
- Growth Picks: 3 Low-Cost Stocks That Could Double in Value
- Stock Trading Terms – Stock Terms Every Investor Needs to Know
- Are These 3 Beaten-Down Stocks Ready to Rebound?
- Where to Find Earnings Call Transcripts
- Does the Trump-Induced Quantum Stock Rally Have Legs?
Want to see what other hedge funds are holding MSI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Motorola Solutions, Inc. (NYSE:MSI – Free Report).
Receive News & Ratings for Motorola Solutions Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Motorola Solutions and related companies with MarketBeat.com's FREE daily email newsletter.
