Motorola Solutions, Inc. $MSI Shares Acquired by Fiera Capital Corp

Fiera Capital Corp lifted its stake in Motorola Solutions, Inc. (NYSE:MSI) by 29.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 50,439 shares of the communications equipment provider’s stock after purchasing an additional 11,442 shares during the period. Fiera Capital Corp’s holdings in Motorola Solutions were worth $21,208,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. WASHINGTON TRUST Co increased its holdings in Motorola Solutions by 162.0% in the second quarter. WASHINGTON TRUST Co now owns 566 shares of the communications equipment provider’s stock valued at $238,000 after buying an additional 350 shares in the last quarter. ABN Amro Investment Solutions acquired a new stake in shares of Motorola Solutions in the 2nd quarter worth approximately $1,568,000. Candriam S.C.A. grew its holdings in shares of Motorola Solutions by 5.5% in the 2nd quarter. Candriam S.C.A. now owns 11,416 shares of the communications equipment provider’s stock worth $4,800,000 after acquiring an additional 594 shares during the period. Impax Asset Management Group plc purchased a new position in Motorola Solutions in the 2nd quarter valued at approximately $1,040,000. Finally, Police & Firemen s Retirement System of New Jersey raised its holdings in Motorola Solutions by 5.4% during the second quarter. Police & Firemen s Retirement System of New Jersey now owns 25,323 shares of the communications equipment provider’s stock worth $10,647,000 after purchasing an additional 1,287 shares during the last quarter. 84.17% of the stock is currently owned by institutional investors and hedge funds.

Motorola Solutions Trading Down 2.3%

Shares of MSI stock opened at $382.77 on Friday. The company has a market capitalization of $63.75 billion, a price-to-earnings ratio of 30.82, a PEG ratio of 3.46 and a beta of 0.97. 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 firm has a 50-day moving average price of $445.79 and a 200 day moving average price of $435.51. Motorola Solutions, Inc. has a twelve month low of $382.09 and a twelve month high of $503.62.

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

Motorola Solutions Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders of record on Monday, September 15th were paid a dividend of $0.0109 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.0%. The ex-dividend date of this dividend was Monday, September 15th. Motorola Solutions’s dividend payout ratio is currently 34.99%.

Insiders Place Their Bets

In other news, CEO Gregory Q. Brown sold 50,000 shares of Motorola Solutions stock in a transaction on Friday, September 12th. The stock was sold at an average price of $483.50, for a total value of $24,175,000.00. Following the completion of the sale, the chief executive officer owned 46,936 shares of the company’s stock, valued at $22,693,556. The trade was a 51.58% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, COO John P. Molloy sold 37,514 shares of the company’s stock in a transaction on Thursday, August 21st. The shares were sold at an average price of $462.38, for a total value of $17,345,723.32. Following the completion of the transaction, the chief operating officer owned 59,328 shares of the company’s stock, valued at $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. Insiders have sold 148,128 shares of company stock worth $70,431,641 over the last ninety days. Company insiders own 1.44% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have weighed in on MSI shares. Evercore ISI upped their target price on Motorola Solutions from $500.00 to $525.00 and gave the company an “outperform” rating in a report on Friday, August 29th. Weiss Ratings reiterated a “buy (b)” rating on shares of Motorola Solutions in a research report on Wednesday, October 8th. UBS Group increased their price objective on shares of Motorola Solutions from $490.00 to $510.00 and gave the company a “buy” rating in a research note on Friday, August 8th. Barclays cut 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 report on Friday, October 31st. Finally, Piper Sandler reiterated a “neutral” rating and issued a $465.00 price target (down from $495.00) on shares of Motorola Solutions in a research report 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, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $506.43.

Motorola Solutions Company 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.