Allworth Financial LP Buys 2,359 Shares of Motorola Solutions, Inc. (NYSE:MSI)

Posted by Defense World Staff on Jul 1st, 2023

Allworth Financial LP increased its holdings in Motorola Solutions, Inc. (NYSE:MSI – Free Report) by 127.7% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 4,206 shares of the communications equipment provider’s stock after buying an additional 2,359 shares during the period. Allworth Financial LP’s holdings in Motorola Solutions were worth $1,204,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of MSI. Mendota Financial Group LLC bought a new position in Motorola Solutions in the 4th quarter worth approximately $28,000. Boyd Watterson Asset Management LLC OH purchased a new stake in Motorola Solutions in the 4th quarter worth approximately $29,000. HM Payson & Co. lifted its stake in Motorola Solutions by 52.3% in the 4th quarter. HM Payson & Co. now owns 134 shares of the communications equipment provider’s stock worth $35,000 after purchasing an additional 46 shares in the last quarter. Eagle Bay Advisors LLC purchased a new stake in Motorola Solutions in the 2nd quarter worth approximately $35,000. Finally, Ruedi Wealth Management Inc. purchased a new stake in Motorola Solutions in the 4th quarter worth approximately $38,000. 82.93% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several analysts have issued reports on MSI shares. Barclays increased their target price on shares of Motorola Solutions from $303.00 to $329.00 in a research note on Friday, May 5th. StockNews.com cut shares of Motorola Solutions from a “buy” rating to a “hold” rating in a research note on Tuesday. 1-800-FLOWERS.COM reiterated a “maintains” rating on shares of Motorola Solutions in a research note on Friday, May 5th. JPMorgan Chase & Co. upgraded shares of Motorola Solutions from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $300.00 to $305.00 in a research note on Thursday, March 16th. Finally, Jefferies Financial Group raised their price objective on shares of Motorola Solutions from $310.00 to $335.00 in a research report on Friday, May 5th. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $301.67.

Insider Buying and Selling

In related news, CAO Katherine A. Maher sold 1,933 shares of Motorola Solutions stock in a transaction on Wednesday, May 10th. The shares were sold at an average price of $289.01, for a total value of $558,656.33. Following the transaction, the chief accounting officer now owns 1,611 shares in the company, valued at approximately $465,595.11. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other Motorola Solutions news, CEO Gregory Q. Brown sold 50,000 shares of the firm’s stock in a transaction on Friday, May 12th. The shares were sold at an average price of $291.13, for a total value of $14,556,500.00. Following the sale, the chief executive officer now owns 91,843 shares of the company’s stock, valued at approximately $26,738,252.59. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CAO Katherine A. Maher sold 1,933 shares of the firm’s stock in a transaction on Wednesday, May 10th. The stock was sold at an average price of $289.01, for a total transaction of $558,656.33. Following the completion of the sale, the chief accounting officer now directly owns 1,611 shares in the company, valued at approximately $465,595.11. The disclosure for this sale can be found here. Insiders have sold a total of 101,933 shares of company stock worth $29,642,156 in the last 90 days. 1.50% of the stock is owned by company insiders.

Motorola Solutions Stock Performance

Motorola Solutions stock opened at $293.28 on Friday. The stock has a market cap of $49.18 billion, a P/E ratio of 36.66, a price-to-earnings-growth ratio of 3.13 and a beta of 0.93. The firm’s fifty day moving average price is $285.93 and its 200-day moving average price is $273.38. Motorola Solutions, Inc. has a fifty-two week low of $204.55 and a fifty-two week high of $299.43. The company has a debt-to-equity ratio of 24.15, a quick ratio of 0.94 and a current ratio of 1.22.

Motorola Solutions (NYSE:MSI – Free Report) last issued its earnings results on Thursday, May 4th. The communications equipment provider reported $2.22 EPS for the quarter, topping analysts’ consensus estimates of $2.05 by $0.17. The company had revenue of $2.17 billion for the quarter, compared to analysts’ expectations of $2.12 billion. Motorola Solutions had a net margin of 14.63% and a negative return on equity of 1,549.95%. The firm’s revenue was up 14.7% compared to the same quarter last year. During the same quarter last year, the company earned $1.53 EPS. On average, equities research analysts expect that Motorola Solutions, Inc. will post 10.07 earnings per share for the current fiscal year.

Motorola Solutions Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 14th. Investors of record on Thursday, June 15th will be given a $0.88 dividend. This represents a $3.52 dividend on an annualized basis and a yield of 1.20%. The ex-dividend date of this dividend is Wednesday, June 14th. Motorola Solutions’s payout ratio is presently 44.00%.

Motorola Solutions Profile

(Free Report)

Motorola Solutions, Inc provides public safety and enterprise security solutions in the United States, the United Kingdom, Canada, and internationally. The company operates in two segments, Products and Systems Integration, and Software and Services. The Products and Systems Integration segment offers a portfolio of infrastructure, devices, accessories, and video security devices and infrastructure, as well as the implementation and integration of systems, devices, software, and applications for government, public safety, and commercial customers who operate private communications networks and video security solutions, as well as manage a mobile workforce.