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

Cetera Investment Advisers increased its position in shares of Motorola Solutions, Inc. (NYSE:MSI) by 11.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 51,320 shares of the communications equipment provider’s stock after acquiring an additional 5,275 shares during the quarter. Cetera Investment Advisers’ holdings in Motorola Solutions were worth $21,578,000 as of its most recent filing with the Securities and Exchange Commission.

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

Analysts Set New Price Targets

Several equities research analysts have issued reports on MSI shares. Barclays cut their target price on Motorola Solutions from $509.00 to $495.00 and set an “overweight” rating for the company in a research note on Friday, October 31st. UBS Group increased their price target on Motorola Solutions from $490.00 to $510.00 and gave the stock a “buy” rating in a report on Friday, August 8th. Evercore ISI raised their price objective 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 reaffirmed a “buy (b)” rating on shares of Motorola Solutions in a research report on Wednesday, October 8th. Finally, Piper Sandler reaffirmed a “neutral” rating and set a $465.00 target price (down previously from $495.00) on shares of Motorola Solutions in a research note on Friday, October 31st. Seven research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, Motorola Solutions presently has a consensus rating of “Moderate Buy” and a consensus target price of $506.43.

Motorola Solutions Stock Down 1.4%

Shares of NYSE MSI opened at $372.29 on Wednesday. The firm has a market cap of $62.01 billion, a price-to-earnings ratio of 29.97, a PEG ratio of 3.46 and a beta of 0.96. The company has a quick ratio of 1.54, a current ratio of 1.73 and a debt-to-equity ratio of 3.86. Motorola Solutions, Inc. has a 52-week low of $371.56 and a 52-week high of $503.62. The business’s 50 day moving average is $439.65 and its two-hundred day moving average is $434.42.

Motorola Solutions (NYSE:MSI) last released its quarterly earnings results on Friday, October 31st. The communications equipment provider reported $4.06 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 business had revenue of $3.01 billion during the quarter, compared to analyst estimates of $2.99 billion. During the same period last year, the business posted $3.74 earnings per share. The company’s quarterly revenue was up 7.8% on a year-over-year basis. Research analysts predict that Motorola Solutions, Inc. will post 13.55 EPS for the current year.

Motorola Solutions Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 15th. Shareholders of record on Monday, December 15th will be given a $1.21 dividend. The ex-dividend date of this dividend is Monday, December 15th. This represents a $4.84 annualized dividend and a yield of 1.3%. This is an increase from Motorola Solutions’s previous quarterly dividend of $0.01. Motorola Solutions’s dividend payout ratio is presently 34.99%.

Insider Transactions at Motorola Solutions

In related news, SVP James A. Niewiara sold 1,700 shares of Motorola Solutions 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 transaction, the senior vice president owned 14,542 shares in the company, valued at approximately $7,059,123.06. The trade was a 10.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, COO John P. Molloy sold 37,514 shares of the company’s stock in a transaction that occurred on Thursday, August 21st. The stock was sold at an average price of $462.38, for a total transaction of $17,345,723.32. Following the sale, the chief operating officer directly owned 59,328 shares in the company, valued at approximately $27,432,080.64. The trade was a 38.74% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 148,128 shares of company stock valued at $70,431,641. 1.44% of the stock is owned by insiders.

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.