Phoenix Wealth Advisors Cuts Holdings in Motorola Solutions, Inc. $MSI

Phoenix Wealth Advisors lowered its position in Motorola Solutions, Inc. (NYSE:MSI) by 6.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,408 shares of the communications equipment provider’s stock after selling 417 shares during the quarter. Motorola Solutions accounts for 1.1% of Phoenix Wealth Advisors’ investment portfolio, making the stock its 24th biggest position. Phoenix Wealth Advisors’ holdings in Motorola Solutions were worth $2,694,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Signature Resources Capital Management LLC acquired a new position in shares of Motorola Solutions in the 2nd quarter valued at about $25,000. Saudi Central Bank acquired a new position in Motorola Solutions during the first quarter valued at approximately $29,000. Whipplewood Advisors LLC lifted its position in Motorola Solutions by 289.5% during the second quarter. Whipplewood Advisors LLC now owns 74 shares of the communications equipment provider’s stock valued at $31,000 after buying an additional 55 shares in the last quarter. Rossby Financial LCC grew its stake in Motorola Solutions by 148.6% during the second quarter. Rossby Financial LCC now owns 87 shares of the communications equipment provider’s stock worth $37,000 after buying an additional 52 shares during the period. Finally, Meeder Asset Management Inc. increased its position in shares of Motorola Solutions by 47.1% in the first quarter. Meeder Asset Management Inc. now owns 103 shares of the communications equipment provider’s stock worth $45,000 after acquiring an additional 33 shares in the last quarter. 84.17% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Insider Activity at Motorola Solutions

In other Motorola Solutions news, COO John P. Molloy sold 37,514 shares of the company’s stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $462.38, for a total value of $17,345,723.32. Following the completion of the sale, the chief operating officer directly owned 59,328 shares of the company’s stock, valued at approximately $27,432,080.64. This represents a 38.74% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Rajan Naik sold 8,014 shares of Motorola Solutions stock in a transaction that occurred on Wednesday, September 3rd. The stock was sold at an average price of $474.45, for a total transaction of $3,802,242.30. Following the completion of the transaction, the senior vice president directly owned 10,244 shares in the company, valued at $4,860,265.80. This represents a 43.89% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 148,128 shares of company stock valued at $70,431,641. Insiders own 1.44% of the company’s stock.

Motorola Solutions Stock Down 2.3%

NYSE:MSI opened at $382.77 on Friday. The company has a current ratio of 1.73, a quick ratio of 1.54 and a debt-to-equity ratio of 3.86. The stock has a 50 day moving average of $445.79 and a 200-day moving average of $435.51. The firm has a market capitalization of $63.75 billion, a PE ratio of 30.82, a price-to-earnings-growth ratio of 3.46 and a beta of 0.97. Motorola Solutions, Inc. has a 52 week low of $382.09 and a 52 week high of $503.62.

Motorola Solutions (NYSE:MSI) last issued its quarterly earnings data on Friday, October 31st. The communications equipment provider reported $4.06 EPS for the quarter, topping analysts’ consensus estimates of $3.85 by $0.21. The firm had revenue of $3.01 billion during the quarter, compared to the consensus estimate of $2.99 billion. Motorola Solutions had a return on equity of 134.30% and a net margin of 19.08%.The firm’s revenue was up 7.8% on a year-over-year basis. During the same period in the prior year, the business earned $3.74 EPS. Analysts predict that Motorola Solutions, Inc. will post 13.55 EPS for the current year.

Motorola Solutions Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Monday, September 15th were paid a $0.0109 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.0%. The ex-dividend date of this dividend was Monday, September 15th. Motorola Solutions’s dividend payout ratio is currently 34.99%.

About Motorola Solutions

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.