Rakuten Investment Management Inc. Buys Shares of 6,397 Motorola Solutions, Inc. $MSI

Rakuten Investment Management Inc. bought a new position in Motorola Solutions, Inc. (NYSE:MSI) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 6,397 shares of the communications equipment provider’s stock, valued at approximately $2,925,000.

A number of other hedge funds also recently made changes to their positions in MSI. Revolve Wealth Partners LLC acquired a new stake in Motorola Solutions in the fourth quarter valued at approximately $208,000. Sivia Capital Partners LLC bought a new position in shares of Motorola Solutions in the 2nd quarter valued at $210,000. Farther Finance Advisors LLC boosted its holdings in shares of Motorola Solutions by 29.4% during the 2nd quarter. Farther Finance Advisors LLC now owns 1,739 shares of the communications equipment provider’s stock valued at $731,000 after acquiring an additional 395 shares in the last quarter. Fifth Third Bancorp boosted its holdings in shares of 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 acquiring an additional 41 shares in the last quarter. Finally, Norden Group LLC bought a new stake in Motorola Solutions during the 2nd quarter worth $238,000. 84.17% of the stock is currently owned by institutional investors and hedge funds.

Motorola Solutions Price Performance

Shares of MSI opened at $401.60 on Friday. The business has a 50-day moving average of $378.22 and a 200-day moving average of $421.55. The company has a debt-to-equity ratio of 3.59, a current ratio of 1.03 and a quick ratio of 0.86. The company has a market capitalization of $66.89 billion, a price-to-earnings ratio of 32.23, a price-to-earnings-growth ratio of 2.97 and a beta of 1.00. 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 Friday, October 31st. The communications equipment provider reported $4.06 earnings per share for the quarter, beating analysts’ consensus estimates of $3.85 by $0.21. Motorola Solutions had a net margin of 18.71% and a return on equity of 118.48%. The business had revenue of $3.01 billion during the quarter, compared to the consensus estimate of $2.99 billion. During the same quarter in the prior year, the firm posted $3.74 EPS. The company’s revenue for the quarter was up 7.8% compared to the same quarter last year. As a group, equities research analysts anticipate that Motorola Solutions, Inc. will post 13.55 earnings per share for the current 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. This is a boost from Motorola Solutions’s previous quarterly dividend of $0.01. This represents a $4.84 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend was Monday, December 15th. Motorola Solutions’s payout ratio is 38.84%.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on MSI shares. Piper Sandler upgraded Motorola Solutions from a “neutral” rating to an “overweight” rating and dropped their target price for the company from $465.00 to $443.00 in a research report on Monday, January 5th. Weiss Ratings restated a “hold (c+)” rating on shares of Motorola Solutions in a report on Monday, December 29th. Barclays dropped their price objective on shares of Motorola Solutions from $509.00 to $495.00 and set an “overweight” rating for the company in a report on Friday, October 31st. Finally, Northcoast Research upgraded shares of 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. Seven equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus 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.