MGO One Seven LLC Acquires 26,077 Shares of Motorola Solutions, Inc. $MSI

MGO One Seven LLC boosted its stake in Motorola Solutions, Inc. (NYSE:MSI) by 914.7% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 28,928 shares of the communications equipment provider’s stock after buying an additional 26,077 shares during the quarter. MGO One Seven LLC’s holdings in Motorola Solutions were worth $13,229,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Vanguard Group Inc. raised its holdings in shares of Motorola Solutions by 1.8% in the 2nd quarter. Vanguard Group Inc. now owns 21,885,593 shares of the communications equipment provider’s stock worth $9,202,016,000 after purchasing an additional 384,479 shares during the period. State Street Corp increased its holdings in shares of Motorola Solutions by 1.3% in the second quarter. State Street Corp now owns 7,681,622 shares of the communications equipment provider’s stock worth $3,237,985,000 after purchasing an additional 101,408 shares during the period. Geode Capital Management LLC lifted its position in Motorola Solutions by 1.2% during the second quarter. Geode Capital Management LLC now owns 4,386,899 shares of the communications equipment provider’s stock valued at $1,839,569,000 after purchasing an additional 51,474 shares during the last quarter. Raymond James Financial Inc. increased its position in shares of Motorola Solutions by 0.8% during the 2nd quarter. Raymond James Financial Inc. now owns 3,401,738 shares of the communications equipment provider’s stock valued at $1,430,295,000 after purchasing an additional 27,206 shares during the last quarter. Finally, Norges Bank bought a new stake in Motorola Solutions in the second quarter worth $872,307,000. Hedge funds and other institutional investors own 84.17% of the company’s stock.

Motorola Solutions Stock Performance

MSI opened at $383.31 on Monday. Motorola Solutions, Inc. has a 12-month low of $359.36 and a 12-month high of $492.22. The company has a market cap of $63.84 billion, a price-to-earnings ratio of 30.76, a PEG ratio of 2.86 and a beta of 1.00. The company has a current ratio of 1.03, a quick ratio of 0.86 and a debt-to-equity ratio of 3.59. The company’s 50 day moving average is $377.28 and its 200 day moving average is $423.46.

Motorola Solutions (NYSE:MSI) last issued its quarterly earnings data on Friday, October 31st. The communications equipment provider reported $4.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.85 by $0.21. Motorola Solutions had a net margin of 18.71% and a return on equity of 118.48%. The firm had revenue of $3.01 billion during the quarter, compared to the consensus estimate of $2.99 billion. During the same quarter in the previous year, the firm posted $3.74 EPS. The company’s revenue for the quarter was up 7.8% compared to the same quarter last year. On average, equities 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. Investors of record on Monday, December 15th will be issued 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 a positive change from Motorola Solutions’s previous quarterly dividend of $0.01. Motorola Solutions’s payout ratio is currently 38.84%.

Analyst Ratings Changes

Several research firms have recently commented on MSI. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Motorola Solutions in a research report on Monday, December 29th. Piper Sandler upgraded shares of Motorola Solutions from a “neutral” rating to an “overweight” rating and reduced their price objective for the company from $465.00 to $443.00 in a research note on Monday, January 5th. Barclays dropped their target price on shares of Motorola Solutions from $509.00 to $495.00 and set an “overweight” rating on the stock in a research note on Friday, October 31st. Finally, Northcoast Research upgraded shares of Motorola Solutions from a “neutral” rating to a “buy” rating and set a $450.00 price target on the stock in a report on Monday, December 1st. Seven research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, Motorola Solutions has a consensus rating of “Moderate Buy” and an average price target of $491.86.

Motorola Solutions Company Profile

Motorola Solutions, Inc is a provider of mission-critical communications and analytics solutions for public safety and commercial customers. The company designs, manufactures and supports a range of communications equipment and software aimed at enabling first responders, government agencies and enterprises to coordinate and operate reliably in high-pressure environments. Its offerings emphasize secure, resilient connectivity and situational awareness for organizations that require dependable voice, data and video communications.

Product lines include land mobile radio (LMR) systems and handheld and vehicle-mounted radios used by police, fire and emergency medical services; broadband push-to-talk and LTE-based solutions; command-and-control center software for incident management and records; and video security and analytics systems.