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

AlphaQuest LLC increased its holdings in Motorola Solutions, Inc. (NYSE:MSI) by 180.5% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 5,116 shares of the communications equipment provider’s stock after acquiring 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.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Norges Bank purchased a new stake in Motorola Solutions in the 2nd quarter valued at about $872,307,000. Marshall Wace LLP acquired a new stake in shares of Motorola Solutions during the second quarter valued at about $230,743,000. Voya Investment Management LLC raised its stake in shares of Motorola Solutions by 116.5% in 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 acquiring an additional 452,822 shares during the period. Qube Research & Technologies Ltd raised its stake in shares of Motorola Solutions by 54.5% in the 2nd quarter. Qube Research & Technologies Ltd now owns 1,195,796 shares of the communications equipment provider’s stock valued at $502,784,000 after acquiring an additional 422,039 shares during the period. Finally, Vanguard Group Inc. lifted its holdings in shares of Motorola Solutions by 1.8% in the 2nd quarter. Vanguard Group Inc. now owns 21,885,593 shares of the communications equipment provider’s stock worth $9,202,016,000 after acquiring an additional 384,479 shares during the last quarter. Hedge funds and other institutional investors own 84.17% of the company’s stock.

Motorola Solutions Trading Down 0.1%

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 firm has a market cap of $67.05 billion, a PE ratio of 32.31, a price-to-earnings-growth 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. The stock has a fifty day moving average price of $381.46 and a 200 day moving average price of $421.09.

Motorola Solutions (NYSE:MSI) last issued its quarterly earnings results on Friday, October 31st. The communications equipment provider reported $4.06 earnings per share for the quarter, topping the consensus estimate of $3.85 by $0.21. The company had revenue of $3.01 billion for the quarter, compared to the consensus estimate of $2.99 billion. Motorola Solutions had a return on equity of 118.48% and a net margin of 18.71%.Motorola Solutions’s revenue was up 7.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $3.74 EPS. Sell-side analysts anticipate 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. Investors of record on Monday, December 15th were paid a dividend of $1.21 per share. The ex-dividend date was Monday, December 15th. This is a positive change from Motorola Solutions’s previous quarterly dividend of $0.01. This represents a $4.84 dividend on an annualized basis and a dividend yield of 1.2%. Motorola Solutions’s payout ratio is currently 38.84%.

Analysts Set New Price Targets

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