Massachusetts Financial Services Co. MA Sells 15,425 Shares of Motorola Solutions, Inc. $MSI

Massachusetts Financial Services Co. MA reduced its position in Motorola Solutions, Inc. (NYSE:MSI) by 8.3% during the fourth quarter, Holdings Channel.com reports. The firm owned 171,277 shares of the communications equipment provider’s stock after selling 15,425 shares during the quarter. Massachusetts Financial Services Co. MA’s holdings in Motorola Solutions were worth $65,654,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of MSI. Orion Capital Management LLC bought a new stake in Motorola Solutions during the 3rd quarter valued at $25,000. United Community Bank lifted its stake in shares of Motorola Solutions by 81.3% in the third quarter. United Community Bank now owns 58 shares of the communications equipment provider’s stock valued at $27,000 after buying an additional 26 shares in the last quarter. Strategic Advocates LLC bought a new position in shares of Motorola Solutions in the third quarter valued at $28,000. JPL Wealth Management LLC acquired a new position in shares of Motorola Solutions during the third quarter valued at about $31,000. Finally, Halbert Hargrove Global Advisors LLC bought a new stake in shares of Motorola Solutions during the third quarter worth about $33,000. Institutional investors and hedge funds own 84.17% of the company’s stock.

Insiders Place Their Bets

In other Motorola Solutions news, Director Kenneth D. Denman sold 434 shares of the company’s stock in a transaction on Thursday, February 26th. The stock was sold at an average price of $470.12, for a total value of $204,032.08. Following the completion of the transaction, the director owned 7,153 shares in the company, valued at $3,362,768.36. This represents a 5.72% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Gregory Q. Brown sold 50,000 shares of Motorola Solutions stock in a transaction on Tuesday, February 24th. The stock was sold at an average price of $468.09, for a total value of $23,404,500.00. Following the sale, the chief executive officer owned 47,167 shares in the company, valued at $22,078,401.03. The trade was a 51.46% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 129,069 shares of company stock valued at $60,779,964 in the last 90 days. 1.28% of the stock is currently owned by corporate insiders.

Motorola Solutions Stock Performance

NYSE MSI opened at $440.21 on Wednesday. Motorola Solutions, Inc. has a 1 year low of $359.36 and a 1 year high of $492.22. The company has a debt-to-equity ratio of 3.47, a current ratio of 1.04 and a quick ratio of 0.87. The firm has a market cap of $73.16 billion, a price-to-earnings ratio of 34.50, a PEG ratio of 3.07 and a beta of 0.99. The company has a fifty day moving average price of $452.07 and a 200-day moving average price of $418.49.

Motorola Solutions (NYSE:MSI) last posted its earnings results on Wednesday, February 11th. The communications equipment provider reported $4.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.35 by $0.24. Motorola Solutions had a net margin of 18.44% and a return on equity of 110.75%. The firm had revenue of $3.38 billion during the quarter, compared to analyst estimates of $3.34 billion. During the same quarter in the prior year, the business posted $4.04 EPS. The business’s revenue was up 12.3% compared to the same quarter last year. As a group, equities research analysts predict that Motorola Solutions, Inc. will post 13.55 EPS for the current fiscal year.

Motorola Solutions Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Friday, March 20th will be given a dividend of $1.21 per share. The ex-dividend date of this dividend is Friday, March 20th. This represents a $4.84 annualized dividend and a dividend yield of 1.1%. Motorola Solutions’s dividend payout ratio (DPR) is currently 37.93%.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on MSI. Piper Sandler restated an “overweight” rating and issued a $499.00 target price (up from $443.00) on shares of Motorola Solutions in a report on Thursday, February 12th. JPMorgan Chase & Co. lifted their price target on Motorola Solutions from $515.00 to $520.00 and gave the company an “overweight” rating in a research note on Thursday, February 12th. Argus raised Motorola Solutions to a “strong-buy” rating in a report on Friday, February 13th. Truist Financial started coverage on Motorola Solutions in a research note on Tuesday, March 31st. They issued a “buy” rating and a $540.00 price objective for the company. Finally, Morgan Stanley reaffirmed an “overweight” rating and set a $470.00 target price on shares of Motorola Solutions in a research report on Thursday, February 12th. Two research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, Motorola Solutions currently has an average rating of “Buy” and a consensus target price of $502.50.

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.