Burney Co. grew its holdings in Motorola Solutions, Inc. (NYSE:MSI – Free Report) by 1.8% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 26,954 shares of the communications equipment provider’s stock after acquiring an additional 465 shares during the quarter. Burney Co.’s holdings in Motorola Solutions were worth $11,333,000 at the end of the most recent reporting period.
Other hedge funds have also recently added to or reduced their stakes in the company. Signature Resources Capital Management LLC purchased a new position in Motorola Solutions during the 2nd quarter worth approximately $25,000. Saudi Central Bank purchased a new position in Motorola Solutions during the 1st quarter worth approximately $29,000. Whipplewood Advisors LLC lifted its position in 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 acquiring an additional 55 shares during the period. Rossby Financial LCC lifted its position in Motorola Solutions by 148.6% during the 2nd quarter. Rossby Financial LCC now owns 87 shares of the communications equipment provider’s stock worth $37,000 after acquiring an additional 52 shares during the period. Finally, Cape Investment Advisory Inc. lifted its position in Motorola Solutions by 3,300.0% during the 1st quarter. Cape Investment Advisory Inc. now owns 102 shares of the communications equipment provider’s stock worth $45,000 after acquiring an additional 99 shares during the period. Hedge funds and other institutional investors own 84.17% of the company’s stock.
Motorola Solutions Price Performance
MSI stock opened at $406.61 on Monday. The stock has a 50-day moving average price of $459.91 and a two-hundred day moving average price of $437.67. Motorola Solutions, Inc. has a 12-month low of $388.90 and a 12-month high of $507.82. 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 company has a market cap of $67.74 billion, a PE ratio of 32.74, a price-to-earnings-growth ratio of 3.46 and a beta of 0.97.
Motorola Solutions Cuts Dividend
The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Monday, September 15th were paid a $0.0109 dividend. The ex-dividend date was Monday, September 15th. This represents a $0.04 annualized dividend and a dividend yield of 0.0%. Motorola Solutions’s payout ratio is 34.99%.
Wall Street Analyst Weigh In
A number of analysts have weighed in on the company. UBS Group increased their price objective on 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 reaffirmed a “neutral” rating and set a $465.00 price objective (down from $495.00) on shares of Motorola Solutions in a report on Friday. 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 dropped their price target on Motorola Solutions from $509.00 to $495.00 and set an “overweight” rating for the company in a research report on Friday. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Motorola Solutions in a research report on Wednesday, October 8th. Eight analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $507.50.
View Our Latest Stock Report on Motorola Solutions
Insiders Place Their Bets
In other news, COO John P. Molloy sold 37,514 shares of the 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. This represents a 38.74% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP James A. Niewiara sold 1,700 shares of the stock in a transaction that occurred on Thursday, September 11th. The stock was sold at an average price of $485.43, for a total value of $825,231.00. Following the sale, the senior vice president owned 14,542 shares in the company, valued at $7,059,123.06. The trade was a 10.47% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 248,493 shares of company stock worth $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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