Y Intercept Hong Kong Ltd Purchases 20,596 Shares of Motorola Solutions, Inc. $MSI

Y Intercept Hong Kong Ltd grew its holdings in Motorola Solutions, Inc. (NYSE:MSI) by 621.9% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 23,908 shares of the communications equipment provider’s stock after purchasing an additional 20,596 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in Motorola Solutions were worth $10,933,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in MSI. Revolve Wealth Partners LLC bought a new position in Motorola Solutions in the 4th quarter worth approximately $208,000. Sivia Capital Partners LLC acquired a new stake in shares of Motorola Solutions in the second quarter worth $210,000. Farther Finance Advisors LLC increased its position in Motorola Solutions by 29.4% during the second quarter. Farther Finance Advisors LLC now owns 1,739 shares of the communications equipment provider’s stock worth $731,000 after acquiring an additional 395 shares during the period. Fifth Third Bancorp raised its stake in Motorola Solutions by 0.3% during the 2nd quarter. Fifth Third Bancorp now owns 13,902 shares of the communications equipment provider’s stock valued at $5,845,000 after purchasing an additional 41 shares during the last quarter. Finally, Norden Group LLC bought a new stake in Motorola Solutions in the 2nd quarter valued at $238,000. Institutional investors and hedge funds own 84.17% of the company’s stock.

Motorola Solutions Stock Up 1.0%

NYSE MSI opened at $401.60 on Friday. Motorola Solutions, Inc. has a 1-year low of $359.36 and a 1-year high of $492.22. The company has a market capitalization of $66.89 billion, a price-to-earnings ratio of 32.23, a PEG ratio of 2.97 and a beta of 1.00. The stock’s 50 day moving average is $378.22 and its two-hundred day moving average is $421.55. 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 issued its earnings results on Friday, October 31st. The communications equipment provider reported $4.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.85 by $0.21. The business had revenue of $3.01 billion during the quarter, compared to analysts’ expectations of $2.99 billion. Motorola Solutions had a return on equity of 118.48% and a net margin of 18.71%.Motorola Solutions’s quarterly revenue was up 7.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $3.74 EPS. Equities analysts forecast that Motorola Solutions, Inc. will post 13.55 earnings per share for the current fiscal year.

Motorola Solutions Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, January 15th. Stockholders of record on Monday, December 15th were paid a $1.21 dividend. The ex-dividend date was Monday, December 15th. This represents a $4.84 annualized dividend and a dividend yield of 1.2%. This is a boost from Motorola Solutions’s previous quarterly dividend of $0.01. Motorola Solutions’s dividend payout ratio is presently 38.84%.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. Piper Sandler upgraded shares of Motorola Solutions from a “neutral” rating to an “overweight” rating and dropped their price objective for the stock from $465.00 to $443.00 in a report on Monday, January 5th. Barclays lowered their price target on Motorola Solutions from $509.00 to $495.00 and set an “overweight” rating on the stock in a research note on Friday, October 31st. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Motorola Solutions in a report on Monday, December 29th. Finally, Northcoast Research raised Motorola Solutions from a “neutral” rating to a “buy” rating and set a $450.00 price objective on the stock in a report on Monday, December 1st. Seven analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $491.86.

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.