Assetmark Inc. Has $3.48 Million Position in Motorola Solutions, Inc. (NYSE:MSI)

Posted by Defense World Staff on Aug 8th, 2023

Assetmark Inc. boosted its stake in shares of Motorola Solutions, Inc. (NYSE:MSI – Free Report) by 19.5% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 12,156 shares of the communications equipment provider’s stock after buying an additional 1,986 shares during the quarter. Assetmark Inc.’s holdings in Motorola Solutions were worth $3,478,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of MSI. Norges Bank acquired a new position in Motorola Solutions during the 4th quarter worth about $470,994,000. Alliancebernstein L.P. lifted its holdings in Motorola Solutions by 15.3% during the 4th quarter. Alliancebernstein L.P. now owns 3,506,737 shares of the communications equipment provider’s stock worth $903,721,000 after buying an additional 464,771 shares during the period. Robeco Institutional Asset Management B.V. lifted its holdings in Motorola Solutions by 496.5% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 417,314 shares of the communications equipment provider’s stock worth $107,546,000 after buying an additional 347,351 shares during the period. Voya Investment Management LLC lifted its stake in shares of Motorola Solutions by 32.2% in the 4th quarter. Voya Investment Management LLC now owns 1,385,455 shares of the communications equipment provider’s stock valued at $357,046,000 after purchasing an additional 337,759 shares during the period. Finally, First Trust Advisors LP lifted its stake in shares of Motorola Solutions by 216.7% in the 1st quarter. First Trust Advisors LP now owns 435,149 shares of the communications equipment provider’s stock valued at $105,393,000 after purchasing an additional 297,740 shares during the period. 82.93% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CAO Katherine A. Maher sold 1,933 shares of the company’s stock in a transaction that occurred on Wednesday, May 10th. The stock was sold at an average price of $289.01, for a total value of $558,656.33. Following the completion of the transaction, the chief accounting officer now directly owns 1,611 shares of the company’s stock, valued at $465,595.11. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, CAO Katherine A. Maher sold 1,933 shares of the company’s stock in a transaction that occurred on Wednesday, May 10th. The stock was sold at an average price of $289.01, for a total value of $558,656.33. Following the completion of the transaction, the chief accounting officer now directly owns 1,611 shares of the company’s stock, valued at $465,595.11. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Gregory Q. Brown sold 50,000 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the chief executive officer now directly owns 91,843 shares of the company’s stock, valued at $26,738,252.59. The disclosure for this sale can be found here. In the last ninety days, insiders sold 101,933 shares of company stock valued at $29,642,156. Corporate insiders own 1.50% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on MSI. Barclays dropped their price objective on Motorola Solutions from $329.00 to $322.00 and set an “overweight” rating on the stock in a research note on Friday. Raymond James boosted their price objective on Motorola Solutions from $315.00 to $320.00 and gave the company an “outperform” rating in a research note on Friday. Morgan Stanley boosted their price objective on Motorola Solutions from $290.00 to $300.00 and gave the company an “equal weight” rating in a research note on Friday. StockNews.com downgraded Motorola Solutions from a “buy” rating to a “hold” rating in a research note on Thursday, July 6th. Finally, JPMorgan Chase & Co. dropped their price objective on Motorola Solutions from $320.00 to $311.00 and set an “overweight” rating on the stock in a research note on Monday. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $309.86.

Get Our Latest Stock Report on Motorola Solutions

Motorola Solutions Stock Up 0.6 %

MSI stock opened at $280.41 on Tuesday. The stock’s 50 day simple moving average is $287.06 and its 200 day simple moving average is $279.34. Motorola Solutions, Inc. has a fifty-two week low of $212.76 and a fifty-two week high of $299.43. The company has a debt-to-equity ratio of 17.14, a quick ratio of 0.96 and a current ratio of 1.23. The company has a market cap of $47.02 billion, a P/E ratio of 31.79, a price-to-earnings-growth ratio of 3.08 and a beta of 0.92.

Motorola Solutions (NYSE:MSI – Get Free Report) last issued its quarterly earnings data on Thursday, August 3rd. The communications equipment provider reported $2.65 EPS for the quarter, topping analysts’ consensus estimates of $2.51 by $0.14. The firm had revenue of $2.40 billion during the quarter, compared to analyst estimates of $2.36 billion. Motorola Solutions had a return on equity of 2,157.02% and a net margin of 15.72%. The company’s revenue for the quarter was up 12.3% on a year-over-year basis. During the same period in the previous year, the company posted $1.87 EPS. On average, research analysts expect that Motorola Solutions, Inc. will post 10.07 earnings per share for the current fiscal year.

Motorola Solutions Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 14th. Shareholders of record on Thursday, June 15th were issued a dividend of $0.88 per share. This represents a $3.52 dividend on an annualized basis and a yield of 1.26%. The ex-dividend date of this dividend was Wednesday, June 14th. Motorola Solutions’s dividend payout ratio is currently 39.91%.

Motorola Solutions Company 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.