MAI Capital Management Has $825,000 Stock Position in Motorola Solutions, Inc. $MSI

MAI Capital Management increased its position in shares of Motorola Solutions, Inc. (NYSE:MSI) by 7.8% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,961 shares of the communications equipment provider’s stock after buying an additional 142 shares during the period. MAI Capital Management’s holdings in Motorola Solutions were worth $825,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the company. Obermeyer Wealth Partners increased its position in Motorola Solutions by 261.0% in the 2nd quarter. Obermeyer Wealth Partners now owns 8,073 shares of the communications equipment provider’s stock worth $3,394,000 after buying an additional 5,837 shares during the period. Machina Capital S.A.S. grew its stake in shares of Motorola Solutions by 345.3% in the second quarter. Machina Capital S.A.S. now owns 13,948 shares of the communications equipment provider’s stock worth $5,865,000 after acquiring an additional 10,816 shares during the last quarter. Whalen Wealth Management Inc. acquired a new stake in shares of Motorola Solutions in the second quarter worth $257,000. Rockline Wealth Management LLC bought a new position in Motorola Solutions during the second quarter worth $333,000. Finally, Aware Super Pty Ltd as trustee of Aware Super raised its stake in Motorola Solutions by 101.5% during the 2nd quarter. Aware Super Pty Ltd as trustee of Aware Super now owns 70,231 shares of the communications equipment provider’s stock valued at $29,529,000 after purchasing an additional 35,374 shares during the last quarter. Institutional investors own 84.17% of the company’s stock.

Insider Activity at Motorola Solutions

In other Motorola Solutions news, CEO Gregory Q. Brown sold 50,000 shares of the business’s stock in a transaction dated Friday, September 12th. The shares were sold at an average price of $483.50, for a total value of $24,175,000.00. Following the transaction, the chief executive officer directly owned 46,936 shares in the company, valued at $22,693,556. The trade was a 51.58% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP James A. Niewiara sold 1,700 shares of the company’s stock in a transaction dated Thursday, September 11th. The stock was sold at an average price of $485.43, for a total transaction of $825,231.00. Following the sale, the senior vice president directly owned 14,542 shares in the company, valued at $7,059,123.06. This represents a 10.47% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 110,614 shares of company stock valued at $53,085,917 in the last ninety days. Insiders own 1.44% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have weighed in on MSI. UBS Group increased their price target on shares of Motorola Solutions from $490.00 to $510.00 and gave the company a “buy” rating in a report on Friday, August 8th. Barclays reduced their target price on shares of Motorola Solutions from $509.00 to $495.00 and set an “overweight” rating for the company in a research note on Friday, October 31st. Weiss Ratings restated a “buy (b)” rating on shares of Motorola Solutions in a research note on Wednesday, October 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. Finally, Piper Sandler reissued a “neutral” rating and set a $465.00 price objective (down previously from $495.00) on shares of Motorola Solutions in a report on Friday, October 31st. Seven investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $506.43.

Motorola Solutions Price Performance

Motorola Solutions stock opened at $367.90 on Tuesday. The business has a 50 day simple moving average of $430.37 and a 200 day simple moving average of $433.23. The company has a debt-to-equity ratio of 3.86, a current ratio of 1.73 and a quick ratio of 1.54. The company has a market capitalization of $61.28 billion, a PE ratio of 29.62, a price-to-earnings-growth ratio of 3.46 and a beta of 0.96. Motorola Solutions, Inc. has a one year low of $365.40 and a one year high of $503.62.

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

Motorola Solutions Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 15th. Investors of record on Monday, December 15th will be given a dividend of $1.21 per share. This is an increase from Motorola Solutions’s previous quarterly dividend of $0.01. The ex-dividend date is Monday, December 15th. This represents a $4.84 dividend on an annualized basis and a dividend yield of 1.3%. Motorola Solutions’s dividend payout ratio is 38.84%.

Motorola Solutions 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.