Jag Capital Management LLC Acquires New Position in Motorola Solutions, Inc. $MSI

Jag Capital Management LLC bought a new position in shares of Motorola Solutions, Inc. (NYSE:MSI) during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund bought 25,840 shares of the communications equipment provider’s stock, valued at approximately $11,816,000. Motorola Solutions accounts for about 1.3% of Jag Capital Management LLC’s investment portfolio, making the stock its 25th largest position.

A number of other large investors have also modified their holdings of MSI. Orion Capital Management LLC acquired a new position in Motorola Solutions during the third quarter worth $25,000. United Community Bank lifted its holdings in 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 acquiring an additional 26 shares during the period. Halbert Hargrove Global Advisors LLC purchased a new stake in shares of Motorola Solutions during the 3rd quarter worth $33,000. Whipplewood Advisors LLC grew its position in Motorola Solutions by 289.5% during the second quarter. Whipplewood Advisors LLC now owns 74 shares of the communications equipment provider’s stock worth $31,000 after buying an additional 55 shares during the period. Finally, Field & Main Bank purchased a new stake in Motorola Solutions during the third quarter worth $35,000. 84.17% of the stock is owned by hedge funds and other institutional investors.

Motorola Solutions Stock Performance

Motorola Solutions stock opened at $471.46 on Wednesday. The firm has a market capitalization of $78.10 billion, a PE ratio of 36.95, a price-to-earnings-growth ratio of 3.26 and a beta of 1.00. Motorola Solutions, Inc. has a one year low of $359.36 and a one year high of $492.22. The stock’s 50 day moving average price is $405.02 and its 200 day moving average price is $422.06. The company has a debt-to-equity ratio of 3.47, a quick ratio of 0.87 and a current ratio of 1.04.

Motorola Solutions (NYSE:MSI) last posted its quarterly earnings data on Wednesday, February 11th. The communications equipment provider reported $4.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.35 by $0.24. Motorola Solutions had a net margin of 18.44% and a return on equity of 110.75%. The company had revenue of $3.38 billion for the quarter, compared to analyst estimates of $3.34 billion. During the same quarter last year, the firm posted $4.04 earnings per share. The business’s quarterly revenue was up 12.3% on a year-over-year basis. As a group, sell-side analysts expect that Motorola Solutions, Inc. will post 13.55 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the stock. Barclays lifted their price target on shares of Motorola Solutions from $495.00 to $506.00 and gave the stock an “overweight” rating in a report on Thursday, February 12th. Northcoast Research raised shares of Motorola Solutions from a “neutral” rating to a “buy” rating and set a $450.00 price target on the stock in a research note on Monday, December 1st. Morgan Stanley reissued an “overweight” rating and set a $470.00 price objective on shares of Motorola Solutions in a research note on Thursday, February 12th. Piper Sandler reaffirmed an “overweight” rating and issued a $499.00 target price (up from $443.00) on shares of Motorola Solutions in a research report on Thursday, February 12th. Finally, Weiss Ratings lowered Motorola Solutions from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, February 11th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $497.14.

About Motorola Solutions

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.