Rice Partnership LLC Decreases Position in Motorola Solutions, Inc. $MSI

Rice Partnership LLC lessened its position in Motorola Solutions, Inc. (NYSE:MSI) by 14.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 18,600 shares of the communications equipment provider’s stock after selling 3,095 shares during the period. Motorola Solutions comprises 1.2% of Rice Partnership LLC’s portfolio, making the stock its 27th largest holding. Rice Partnership LLC’s holdings in Motorola Solutions were worth $8,506,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in MSI. Revolve Wealth Partners LLC bought a new stake in shares of Motorola Solutions in the 4th quarter worth $208,000. Sivia Capital Partners LLC purchased a new stake in shares of Motorola Solutions during the second quarter valued at $210,000. D.A. Davidson & CO. increased its holdings in Motorola Solutions by 24.3% in the 2nd quarter. D.A. Davidson & CO. now owns 1,341 shares of the communications equipment provider’s stock worth $564,000 after buying an additional 262 shares in the last quarter. AlphaQuest LLC raised its position in Motorola Solutions by 948.3% in the 2nd quarter. AlphaQuest LLC now owns 1,824 shares of the communications equipment provider’s stock worth $767,000 after buying an additional 1,650 shares during the last quarter. Finally, Sage Mountain Advisors LLC lifted its stake in Motorola Solutions by 6.1% during the 2nd quarter. Sage Mountain Advisors LLC now owns 751 shares of the communications equipment provider’s stock valued at $316,000 after acquiring an additional 43 shares during the period. Institutional investors own 84.17% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently commented on MSI. Piper Sandler reaffirmed an “overweight” rating and issued a $499.00 price objective (up previously from $443.00) on shares of Motorola Solutions in a report on Thursday, February 12th. Argus raised shares of Motorola Solutions to a “strong-buy” rating in a research report on Friday, February 13th. JPMorgan Chase & Co. upped their target price on shares of Motorola Solutions from $515.00 to $520.00 and gave the company an “overweight” rating in a report on Thursday, February 12th. Morgan Stanley reiterated an “overweight” rating and set a $470.00 price target on shares of Motorola Solutions in a research note on Thursday, February 12th. Finally, Barclays boosted their price target on Motorola Solutions from $495.00 to $506.00 and gave the company an “overweight” rating in a report on Thursday, February 12th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $497.14.

Motorola Solutions Stock Performance

MSI opened at $464.64 on Tuesday. The company has a debt-to-equity ratio of 3.47, a quick ratio of 0.87 and a current ratio of 1.04. The stock has a market capitalization of $76.97 billion, a price-to-earnings ratio of 36.41, a PEG ratio of 3.24 and a beta of 1.00. The company has a fifty day moving average of $402.87 and a 200 day moving average of $421.94. Motorola Solutions, Inc. has a fifty-two week low of $359.36 and a fifty-two week high of $492.22.

Motorola Solutions (NYSE:MSI) last issued its quarterly earnings data on Wednesday, February 11th. The communications equipment provider reported $4.59 EPS for the quarter, topping analysts’ consensus estimates of $4.35 by $0.24. The business had revenue of $3.38 billion during the quarter, compared to analysts’ expectations of $3.34 billion. Motorola Solutions had a net margin of 18.44% and a return on equity of 110.75%. The business’s revenue was up 12.3% on a year-over-year basis. During the same period last year, the company posted $4.04 EPS. As a group, sell-side analysts forecast that Motorola Solutions, Inc. will post 13.55 earnings per share for the current fiscal year.

Motorola Solutions Company 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.