OFI Invest Asset Management Raises Stock Position in Motorola Solutions, Inc. $MSI

OFI Invest Asset Management raised its stake in shares of Motorola Solutions, Inc. (NYSE:MSI) by 581.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,118 shares of the communications equipment provider’s stock after purchasing an additional 1,807 shares during the quarter. OFI Invest Asset Management’s holdings in Motorola Solutions were worth $812,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in MSI. Capital World Investors increased its position in Motorola Solutions by 5.5% during the 3rd quarter. Capital World Investors now owns 9,386,519 shares of the communications equipment provider’s stock valued at $4,292,310,000 after purchasing an additional 490,354 shares during the period. Voya Investment Management LLC increased its position in Motorola Solutions by 116.5% during the 3rd quarter. Voya Investment Management LLC now owns 841,463 shares of the communications equipment provider’s stock valued at $384,793,000 after purchasing an additional 452,822 shares during the period. Victory Capital Management Inc. increased its position in Motorola Solutions by 56.6% during the 3rd quarter. Victory Capital Management Inc. now owns 1,203,661 shares of the communications equipment provider’s stock valued at $550,422,000 after purchasing an additional 435,178 shares during the period. Ameriprise Financial Inc. increased its position in Motorola Solutions by 35.2% during the 2nd quarter. Ameriprise Financial Inc. now owns 1,355,159 shares of the communications equipment provider’s stock valued at $568,930,000 after purchasing an additional 353,113 shares during the period. Finally, SG Americas Securities LLC increased its position in Motorola Solutions by 3,126.7% during the 4th quarter. SG Americas Securities LLC now owns 297,925 shares of the communications equipment provider’s stock valued at $114,201,000 after purchasing an additional 288,692 shares during the period. 84.17% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Motorola Solutions

In related news, Director Kenneth D. Denman sold 434 shares of the stock in a transaction dated Thursday, February 26th. The shares were sold at an average price of $470.12, for a total transaction of $204,032.08. Following the sale, the director directly owned 7,153 shares of the company’s stock, valued at approximately $3,362,768.36. This represents a 5.72% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Gregory Q. Brown sold 28,435 shares of the stock in a transaction dated Wednesday, March 4th. The shares were sold at an average price of $477.95, for a total transaction of $13,590,508.25. Following the sale, the chief executive officer directly owned 90,721 shares in the company, valued at $43,360,101.95. This trade represents a 23.86% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 129,069 shares of company stock valued at $60,779,964. 1.44% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. JPMorgan Chase & Co. boosted their price objective on shares of Motorola Solutions from $515.00 to $520.00 and gave the company an “overweight” rating in a research report on Thursday, February 12th. Piper Sandler reissued an “overweight” rating and set a $499.00 price objective (up from $443.00) on shares of Motorola Solutions in a research report on Thursday, February 12th. Morgan Stanley reissued an “overweight” rating and set a $470.00 price objective on shares of Motorola Solutions in a research report on Thursday, February 12th. Weiss Ratings raised shares of Motorola Solutions from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, March 2nd. Finally, Truist Financial began coverage on shares of Motorola Solutions in a research report on Tuesday, March 31st. They issued a “buy” rating and a $540.00 target price on the stock. Two research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $502.50.

Motorola Solutions Stock Down 1.1%

NYSE:MSI opened at $442.77 on Friday. The firm’s 50-day moving average price is $450.12 and its 200-day moving average price is $419.60. The company has a market capitalization of $73.59 billion, a PE ratio of 34.70, a P/E/G ratio of 3.13 and a beta of 0.99. The company has a debt-to-equity ratio of 3.47, a current ratio of 1.04 and a quick ratio of 0.87. Motorola Solutions, Inc. has a 1-year low of $359.36 and a 1-year high of $492.22.

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

Motorola Solutions Announces Dividend

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

Motorola Solutions 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.