Quadcap Wealth Management LLC Acquires Shares of 489 Motorola Solutions, Inc. $MSI

Quadcap Wealth Management LLC acquired a new position in shares of Motorola Solutions, Inc. (NYSE:MSI) during the 2nd quarter, Holdings Channel reports. The firm acquired 489 shares of the communications equipment provider’s stock, valued at approximately $206,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Signature Resources Capital Management LLC bought a new position in Motorola Solutions during the second quarter worth about $25,000. Saudi Central Bank bought a new stake in Motorola Solutions in the 1st quarter valued at about $29,000. Whipplewood Advisors LLC grew its position in shares of 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 purchasing an additional 55 shares in the last quarter. Rossby Financial LCC increased its holdings in shares of Motorola Solutions by 148.6% during the second quarter. Rossby Financial LCC now owns 87 shares of the communications equipment provider’s stock worth $37,000 after purchasing an additional 52 shares during the period. Finally, Cape Investment Advisory Inc. raised its position in shares of Motorola Solutions by 3,300.0% in the first quarter. Cape Investment Advisory Inc. now owns 102 shares of the communications equipment provider’s stock valued at $45,000 after buying an additional 99 shares in the last quarter. Institutional investors and hedge funds own 84.17% of the company’s stock.

Insiders Place Their Bets

In other Motorola Solutions news, SVP Rajan Naik sold 8,014 shares of the business’s stock in a transaction on Wednesday, September 3rd. The shares were sold at an average price of $474.45, for a total transaction of $3,802,242.30. Following the sale, the senior vice president owned 10,244 shares of the company’s stock, valued at approximately $4,860,265.80. The trade was a 43.89% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Gregory Q. Brown sold 50,000 shares of the stock in a transaction on 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 completion of the transaction, 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 disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 110,614 shares of company stock valued at $53,085,917. 1.44% of the stock is currently owned by insiders.

Motorola Solutions Stock Performance

NYSE:MSI opened at $369.45 on Wednesday. Motorola Solutions, Inc. has a twelve month low of $365.40 and a twelve month high of $503.62. 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 50-day simple moving average is $428.22 and its 200 day simple moving average is $432.97. The firm has a market capitalization of $61.53 billion, a PE ratio of 29.75, a price-to-earnings-growth ratio of 3.46 and a beta of 0.96.

Motorola Solutions (NYSE:MSI) last posted its 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. Motorola Solutions had a net margin of 19.08% and a return on equity of 134.30%. The firm had revenue of $3.01 billion during the quarter, compared to analysts’ expectations of $2.99 billion. During the same quarter in the prior year, the business earned $3.74 earnings per share. The business’s revenue for the quarter was up 7.8% compared to the same quarter last year. On average, analysts anticipate that Motorola Solutions, Inc. will post 13.55 EPS for the current fiscal year.

Motorola Solutions Increases Dividend

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

Analysts Set New Price Targets

A number of brokerages recently issued reports on MSI. Barclays reduced their price target on Motorola Solutions from $509.00 to $495.00 and set an “overweight” rating on the stock in a research report on Friday, October 31st. Evercore ISI increased their target price on Motorola Solutions from $500.00 to $525.00 and gave the stock an “outperform” rating in a report on Friday, August 29th. Piper Sandler reaffirmed a “neutral” rating and issued a $465.00 price target (down previously from $495.00) on shares of Motorola Solutions in a research note on Friday, October 31st. 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 note on Friday, August 8th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Motorola Solutions in a report on Monday. Six investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $502.50.

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.