Motorola Solutions, Inc. $MSI Shares Acquired by AlphaQuest LLC

AlphaQuest LLC increased its position in shares of Motorola Solutions, Inc. (NYSE:MSI) by 180.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,116 shares of the communications equipment provider’s stock after purchasing an additional 3,292 shares during the period. AlphaQuest LLC’s holdings in Motorola Solutions were worth $2,339,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Valeo Financial Advisors LLC boosted its position in shares of Motorola Solutions by 2.3% during the 2nd quarter. Valeo Financial Advisors LLC now owns 944 shares of the communications equipment provider’s stock worth $397,000 after acquiring an additional 21 shares in the last quarter. Advisors Capital Management LLC boosted its holdings in Motorola Solutions by 1.0% in the second quarter. Advisors Capital Management LLC now owns 2,452 shares of the communications equipment provider’s stock valued at $1,031,000 after purchasing an additional 24 shares in the last quarter. Kingsview Wealth Management LLC boosted its holdings in Motorola Solutions by 0.3% in the second quarter. Kingsview Wealth Management LLC now owns 9,115 shares of the communications equipment provider’s stock valued at $3,833,000 after purchasing an additional 24 shares in the last quarter. Rexford Capital Inc. increased its stake in Motorola Solutions by 0.6% in the third quarter. Rexford Capital Inc. now owns 3,893 shares of the communications equipment provider’s stock valued at $1,780,000 after purchasing an additional 24 shares during the last quarter. Finally, IFC Advisors LLC raised its holdings in Motorola Solutions by 0.6% during the second quarter. IFC Advisors LLC now owns 4,043 shares of the communications equipment provider’s stock worth $1,700,000 after purchasing an additional 25 shares in the last quarter. Hedge funds and other institutional investors own 84.17% of the company’s stock.

Motorola Solutions Stock Down 0.1%

Shares of NYSE:MSI opened at $402.58 on Friday. Motorola Solutions, Inc. has a 12-month low of $359.36 and a 12-month high of $492.22. The stock’s 50-day moving average price is $381.46 and its two-hundred day moving average price is $421.09. The firm has a market cap of $67.05 billion, a price-to-earnings ratio of 32.31, a PEG ratio of 3.01 and a beta of 1.00. The company has a current ratio of 1.03, a quick ratio of 0.86 and a debt-to-equity ratio of 3.59.

Motorola Solutions (NYSE:MSI) last released its quarterly earnings data 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 return on equity of 118.48% and a net margin of 18.71%.The company had revenue of $3.01 billion for the quarter, compared to the consensus estimate of $2.99 billion. During the same period last year, the business posted $3.74 EPS. The company’s quarterly revenue was up 7.8% compared to the same quarter last year. On average, research analysts forecast that Motorola Solutions, Inc. will post 13.55 EPS for the current year.

Motorola Solutions Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 15th. Shareholders of record on Monday, December 15th were paid a dividend of $1.21 per share. This is a positive change from Motorola Solutions’s previous quarterly dividend of $0.01. The ex-dividend date was Monday, December 15th. This represents a $4.84 dividend on an annualized basis and a yield of 1.2%. Motorola Solutions’s payout ratio is currently 38.84%.

Analysts Set New Price Targets

Several brokerages have recently issued reports on MSI. Piper Sandler upgraded shares of Motorola Solutions from a “neutral” rating to an “overweight” rating and lowered their target price for the company from $465.00 to $443.00 in a report on Monday, January 5th. Weiss Ratings upgraded shares of Motorola Solutions from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday. Northcoast Research upgraded Motorola Solutions from a “neutral” rating to a “buy” rating and set a $450.00 target price on the stock in a research report on Monday, December 1st. Finally, Barclays reduced their target price on Motorola Solutions from $509.00 to $495.00 and set an “overweight” rating for the company in a report on Friday, October 31st. Eight equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, Motorola Solutions currently has a consensus rating of “Moderate Buy” and a consensus target price of $491.86.

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.