Resources Investment Advisors LLC. Acquires Shares of 999 Motorola Solutions, Inc. (NYSE:MSI)

Posted by Defense World Staff on Aug 25th, 2023

Resources Investment Advisors LLC. purchased a new stake in Motorola Solutions, Inc. (NYSE:MSI – Free Report) in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 999 shares of the communications equipment provider’s stock, valued at approximately $286,000.

A number of other hedge funds have also recently modified their holdings of the stock. HM Payson & Co. boosted its holdings in shares of Motorola Solutions by 52.3% in the fourth quarter. HM Payson & Co. now owns 134 shares of the communications equipment provider’s stock valued at $35,000 after acquiring an additional 46 shares in the last quarter. Ruedi Wealth Management Inc. purchased a new stake in Motorola Solutions in the 4th quarter valued at approximately $38,000. Eagle Bay Advisors LLC acquired a new position in Motorola Solutions during the 2nd quarter worth approximately $35,000. Almanack Investment Partners LLC. purchased a new position in shares of Motorola Solutions during the 3rd quarter worth approximately $38,000. Finally, MCF Advisors LLC boosted its stake in shares of Motorola Solutions by 37.0% in the first quarter. MCF Advisors LLC now owns 185 shares of the communications equipment provider’s stock valued at $53,000 after buying an additional 50 shares in the last quarter. 82.93% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Motorola Solutions

In other Motorola Solutions news, Director Kenneth D. Denman sold 1,000 shares of the firm’s stock in a transaction dated Friday, August 11th. The shares were sold at an average price of $284.58, for a total transaction of $284,580.00. Following the transaction, the director now owns 8,101 shares of the company’s stock, valued at approximately $2,305,382.58. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 1.50% of the company’s stock.

Analysts Set New Price Targets

MSI has been the topic of several research analyst reports. StockNews.com started coverage on shares of Motorola Solutions in a research report on Thursday, August 17th. They set a “buy” rating on the stock. Barclays dropped their target price on shares of Motorola Solutions from $329.00 to $322.00 and set an “overweight” rating for the company in a report on Friday, August 4th. Raymond James lifted their price objective on Motorola Solutions from $315.00 to $320.00 and gave the stock an “outperform” rating in a report on Friday, August 4th. Jefferies Financial Group raised their price target on Motorola Solutions from $310.00 to $335.00 in a research report on Friday, May 5th. Finally, Morgan Stanley boosted their price objective on shares of Motorola Solutions from $290.00 to $300.00 and gave the stock an “equal weight” rating in a research report on Friday, August 4th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $309.67.

View Our Latest Report on MSI

Motorola Solutions Stock Performance

MSI stock opened at $275.72 on Friday. The firm has a market cap of $46.05 billion, a P/E ratio of 31.26, a P/E/G ratio of 2.96 and a beta of 0.92. Motorola Solutions, Inc. has a 12-month low of $212.76 and a 12-month high of $299.43. The stock’s 50 day simple moving average is $286.63 and its 200 day simple moving average is $281.32. The company has a current ratio of 1.23, a quick ratio of 0.96 and a debt-to-equity ratio of 17.14.

Motorola Solutions (NYSE:MSI – Get Free Report) last announced its quarterly earnings results on Thursday, August 3rd. The communications equipment provider reported $2.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.51 by $0.14. The business had revenue of $2.40 billion for the quarter, compared to the consensus estimate of $2.36 billion. Motorola Solutions had a return on equity of 2,157.02% and a net margin of 15.72%. The business’s revenue was up 12.3% on a year-over-year basis. During the same quarter last year, the business posted $1.87 EPS. As a group, equities research analysts predict that Motorola Solutions, Inc. will post 10.44 EPS for the current year.

About Motorola Solutions

(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.

Institutional Ownership by Quarter for Motorola Solutions (NYSE:MSI)

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