2,905 Shares in Motorola Solutions, Inc. $MSI Bought by William Blair Investment Management LLC

William Blair Investment Management LLC bought a new stake in shares of Motorola Solutions, Inc. (NYSE:MSI) during the 3rd quarter, Holdings Channel reports. The institutional investor bought 2,905 shares of the communications equipment provider’s stock, valued at approximately $1,328,000.

Several other institutional investors have also added to or reduced their stakes in the business. New Age Alpha Advisors LLC increased its stake in Motorola Solutions by 19.5% during the 3rd quarter. New Age Alpha Advisors LLC now owns 1,951 shares of the communications equipment provider’s stock valued at $892,000 after purchasing an additional 318 shares in the last quarter. Aviso Financial Inc. lifted its position in Motorola Solutions by 166.5% during the 3rd quarter. Aviso Financial Inc. now owns 7,640 shares of the communications equipment provider’s stock worth $3,494,000 after acquiring an additional 4,773 shares during the period. Trivium Point Advisory LLC increased its holdings in shares of Motorola Solutions by 34.2% in the third quarter. Trivium Point Advisory LLC now owns 882 shares of the communications equipment provider’s stock valued at $403,000 after purchasing an additional 225 shares during the period. Rafferty Asset Management LLC increased its holdings in Motorola Solutions by 3.0% in the 3rd quarter. Rafferty Asset Management LLC now owns 56,174 shares of the communications equipment provider’s stock worth $25,688,000 after buying an additional 1,652 shares during the period. Finally, Harvest Portfolios Group Inc. lifted its stake in Motorola Solutions by 18.6% during the 3rd quarter. Harvest Portfolios Group Inc. now owns 62,152 shares of the communications equipment provider’s stock valued at $28,421,000 after acquiring an additional 9,740 shares during the period. Institutional investors and hedge funds own 84.17% of the company’s stock.

Insider Transactions at Motorola Solutions

In related news, Director Kenneth D. Denman sold 434 shares of the business’s stock in a transaction on Thursday, February 26th. The shares were sold at an average price of $470.12, for a total value of $204,032.08. Following the completion of the sale, the director owned 7,153 shares of the company’s stock, valued at approximately $3,362,768.36. The trade was a 5.72% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Cynthia Yazdi sold 7,000 shares of the stock in a transaction on Thursday, February 26th. The shares were sold at an average price of $471.01, for a total transaction of $3,297,070.00. Following the transaction, the chief executive officer directly owned 9,529 shares in the company, valued at approximately $4,488,254.29. The trade was a 42.35% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 100,634 shares of company stock valued at $47,189,456 in the last three months. 1.44% of the stock is currently owned by company insiders.

Motorola Solutions Trading Down 1.2%

Shares of Motorola Solutions stock opened at $480.31 on Wednesday. The firm has a 50-day simple moving average of $415.43 and a two-hundred day simple moving average of $422.50. The company has a debt-to-equity ratio of 3.47, a quick ratio of 0.87 and a current ratio of 1.04. Motorola Solutions, Inc. has a fifty-two week low of $359.36 and a fifty-two week high of $492.22. The company has a market cap of $79.57 billion, a P/E ratio of 37.64, a price-to-earnings-growth ratio of 3.40 and a beta of 0.96.

Motorola Solutions (NYSE:MSI) last announced its quarterly earnings results on Wednesday, February 11th. The communications equipment provider reported $4.59 earnings per share for the quarter, beating the consensus estimate of $4.35 by $0.24. The firm had revenue of $3.38 billion during the quarter, compared to analyst estimates of $3.34 billion. Motorola Solutions had a return on equity of 110.75% and a net margin of 18.44%.Motorola Solutions’s revenue for the quarter was up 12.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $4.04 EPS. As a group, equities analysts predict that Motorola Solutions, Inc. will post 13.55 earnings per share for the current fiscal year.

Motorola Solutions Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Friday, March 20th will be given a $1.21 dividend. The ex-dividend date is Friday, March 20th. This represents a $4.84 dividend on an annualized basis and a dividend yield of 1.0%. Motorola Solutions’s payout ratio is 37.93%.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on MSI shares. Weiss Ratings upgraded shares of Motorola Solutions from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday. Barclays increased their price target on Motorola Solutions from $495.00 to $506.00 and gave the stock an “overweight” rating in a research report on Thursday, February 12th. Northcoast Research raised Motorola Solutions from a “neutral” rating to a “buy” rating and set a $450.00 price objective for the company in a report on Monday, December 1st. Piper Sandler restated an “overweight” rating and issued a $499.00 target price (up from $443.00) on shares of Motorola Solutions in a research note on Thursday, February 12th. Finally, Argus raised Motorola Solutions to a “strong-buy” rating in a report on Friday, February 13th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, Motorola Solutions currently has an average rating of “Buy” and an average price target of $497.14.

Motorola Solutions 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.