Ninety One North America Inc. Acquires 12,963 Shares of Motorola Solutions, Inc. $MSI

Ninety One North America Inc. lifted its holdings in Motorola Solutions, Inc. (NYSE:MSI) by 28.9% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 57,878 shares of the communications equipment provider’s stock after acquiring an additional 12,963 shares during the period. Ninety One North America Inc.’s holdings in Motorola Solutions were worth $26,467,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in MSI. Ninety One SA PTY Ltd lifted its holdings in Motorola Solutions by 29.1% in the 3rd quarter. Ninety One SA PTY Ltd now owns 617 shares of the communications equipment provider’s stock worth $282,000 after purchasing an additional 139 shares in the last quarter. Ninety One UK Ltd grew its holdings in Motorola Solutions by 29.7% during the 3rd quarter. Ninety One UK Ltd now owns 767,877 shares of the communications equipment provider’s stock valued at $351,142,000 after buying an additional 175,625 shares in the last quarter. McElhenny Sheffield Capital Management LLC bought a new stake in shares of Motorola Solutions during the third quarter valued at approximately $211,000. Mather Group LLC. lifted its holdings in shares of Motorola Solutions by 7.5% in the third quarter. Mather Group LLC. now owns 1,813 shares of the communications equipment provider’s stock worth $829,000 after buying an additional 127 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its position in shares of Motorola Solutions by 1.9% during the third quarter. Allspring Global Investments Holdings LLC now owns 324,944 shares of the communications equipment provider’s stock worth $148,477,000 after acquiring an additional 6,115 shares during the last quarter. Institutional investors own 84.17% of the company’s stock.

Analyst Ratings Changes

A number of analysts have issued reports on MSI shares. Northcoast Research upgraded shares of Motorola Solutions from a “neutral” rating to a “buy” rating and set a $450.00 price target on the stock in a report on Monday, December 1st. Piper Sandler reaffirmed a “neutral” rating and issued a $465.00 target price (down from $495.00) on shares of Motorola Solutions in a report on Friday, October 31st. Barclays decreased their target price on Motorola Solutions from $509.00 to $495.00 and set an “overweight” rating on the stock in a research report on Friday, October 31st. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Motorola Solutions in a report on Monday. Six equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $495.00.

Motorola Solutions Price Performance

MSI stock opened at $383.12 on Thursday. The stock has a market cap of $63.81 billion, a PE ratio of 30.75, a P/E/G ratio of 3.06 and a beta of 0.99. Motorola Solutions, Inc. has a 12 month low of $359.36 and a 12 month high of $492.22. The company has a 50-day moving average price of $384.61 and a 200 day moving average price of $424.74. The company has a current ratio of 1.03, a quick ratio of 0.86 and a debt-to-equity ratio of 3.59.

Motorola Solutions (NYSE:MSI) last announced its earnings results on Friday, October 31st. The communications equipment provider reported $4.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.85 by $0.21. Motorola Solutions had a return on equity of 118.48% and a net margin of 18.71%.The business had revenue of $3.01 billion during the quarter, compared to analyst estimates of $2.99 billion. During the same quarter in the previous year, the business earned $3.74 earnings per share. The company’s revenue for the quarter was up 7.8% compared to the same quarter last year. Equities research analysts anticipate that Motorola Solutions, Inc. will post 13.55 earnings per share for the current year.

Motorola Solutions Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 15th. Shareholders of record on Monday, December 15th will be paid a $1.21 dividend. The ex-dividend date is Monday, December 15th. This is a positive change from Motorola Solutions’s previous quarterly dividend of $0.01. This represents a $4.84 dividend on an annualized basis and a yield of 1.3%. Motorola Solutions’s payout ratio is 38.84%.

About Motorola Solutions

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.