Chicago Capital LLC reduced its holdings in Motorola Solutions, Inc. (NYSE:MSI – Free Report) by 8.6% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,123 shares of the communications equipment provider’s stock after selling 200 shares during the period. Chicago Capital LLC’s holdings in Motorola Solutions were worth $893,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds have also recently made changes to their positions in the company. Kingswood Wealth Advisors LLC increased its stake in Motorola Solutions by 3.2% during the first quarter. Kingswood Wealth Advisors LLC now owns 935 shares of the communications equipment provider’s stock worth $409,000 after acquiring an additional 29 shares during the last quarter. Oppenheimer & Co. Inc. boosted its holdings in shares of Motorola Solutions by 228.9% in the 1st quarter. Oppenheimer & Co. Inc. now owns 8,367 shares of the communications equipment provider’s stock worth $3,663,000 after purchasing an additional 5,823 shares during the period. Cullen Investment Group LTD. increased its position in shares of Motorola Solutions by 7.9% during the 2nd quarter. Cullen Investment Group LTD. now owns 25,322 shares of the communications equipment provider’s stock valued at $10,647,000 after purchasing an additional 1,862 shares during the last quarter. Invesco LLC raised its holdings in Motorola Solutions by 48.8% during the 2nd quarter. Invesco LLC now owns 1,768 shares of the communications equipment provider’s stock valued at $743,000 after buying an additional 580 shares during the period. Finally, Integrated Wealth Concepts LLC lifted its position in Motorola Solutions by 28.8% in the first quarter. Integrated Wealth Concepts LLC now owns 2,631 shares of the communications equipment provider’s stock worth $1,152,000 after buying an additional 589 shares during the last quarter. 84.17% of the stock is currently owned by hedge funds and other institutional investors.
Motorola Solutions Trading Up 0.8%
MSI opened at $457.70 on Wednesday. The company has a quick ratio of 1.54, a current ratio of 1.73 and a debt-to-equity ratio of 3.86. The stock’s fifty day moving average is $460.63 and its two-hundred day moving average is $433.60. The company has a market capitalization of $76.25 billion, a P/E ratio of 36.85, a PEG ratio of 3.63 and a beta of 0.96. Motorola Solutions, Inc. has a 52 week low of $388.90 and a 52 week high of $507.82.
Motorola Solutions Cuts Dividend
The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Monday, September 15th will be issued a $0.0109 dividend. The ex-dividend date is Monday, September 15th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.0%. Motorola Solutions’s dividend payout ratio (DPR) is currently 35.10%.
Analyst Ratings Changes
MSI has been the topic of a number of analyst reports. Barclays cut their price objective on shares of Motorola Solutions from $511.00 to $509.00 and set an “overweight” rating on the stock in a research report on Friday, August 8th. Wolfe Research initiated coverage on shares of Motorola Solutions in a report on Monday, July 7th. They set a “peer perform” rating on the stock. UBS Group increased their price objective on shares of Motorola Solutions from $490.00 to $510.00 and gave the stock a “buy” rating in a research report on Friday, August 8th. Piper Sandler began coverage on Motorola Solutions in a research report on Tuesday, September 23rd. They set a “neutral” rating and a $495.00 target price for the company. Finally, Evercore ISI upped their target price on Motorola Solutions from $500.00 to $525.00 and gave the company an “outperform” rating in a research note on Friday, August 29th. Eight investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $513.78.
Get Our Latest Stock Report on Motorola Solutions
Insider Buying and Selling
In other news, SVP James A. Niewiara sold 1,700 shares of the firm’s stock in a transaction dated Thursday, September 11th. The shares were sold at an average price of $485.43, for a total value of $825,231.00. Following the sale, the senior vice president directly owned 14,542 shares in the company, valued at approximately $7,059,123.06. This trade represents a 10.47% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Gregory Q. Brown sold 82,765 shares of the business’s stock in a transaction that occurred on Thursday, August 14th. The stock was sold at an average price of $463.05, for a total transaction of $38,324,333.25. Following the transaction, the chief executive officer owned 57,836 shares of the company’s stock, valued at approximately $26,780,959.80. This trade represents a 58.87% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 248,493 shares of company stock valued at $116,848,278. 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.
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