Westwood Holdings Group Inc. Sells 3,635 Shares of Motorola Solutions, Inc. $MSI

Westwood Holdings Group Inc. cut its holdings in shares of Motorola Solutions, Inc. (NYSE:MSI) by 6.8% during the second quarter, Holdings Channel.com reports. The fund owned 50,171 shares of the communications equipment provider’s stock after selling 3,635 shares during the period. Westwood Holdings Group Inc.’s holdings in Motorola Solutions were worth $21,095,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the business. Revolve Wealth Partners LLC bought a new position in Motorola Solutions in the 4th quarter worth approximately $208,000. Horizon Investments LLC raised its position in shares of Motorola Solutions by 3.8% during the first quarter. Horizon Investments LLC now owns 3,435 shares of the communications equipment provider’s stock valued at $1,504,000 after buying an additional 125 shares during the last quarter. EverSource Wealth Advisors LLC raised its position in shares of Motorola Solutions by 22.1% during the first quarter. EverSource Wealth Advisors LLC now owns 1,284 shares of the communications equipment provider’s stock valued at $562,000 after buying an additional 232 shares during the last quarter. American Century Companies Inc. lifted its holdings in shares of Motorola Solutions by 4.1% in the first quarter. American Century Companies Inc. now owns 310,095 shares of the communications equipment provider’s stock worth $135,763,000 after buying an additional 12,186 shares in the last quarter. Finally, Cresset Asset Management LLC boosted its position in shares of Motorola Solutions by 6.4% during the first quarter. Cresset Asset Management LLC now owns 11,493 shares of the communications equipment provider’s stock worth $5,044,000 after acquiring an additional 695 shares during the last quarter. 84.17% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have issued reports on MSI shares. Weiss Ratings downgraded shares of Motorola Solutions from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, December 8th. Piper Sandler reissued a “neutral” rating and set a $465.00 price objective (down previously from $495.00) on shares of Motorola Solutions in a report on Friday, October 31st. Northcoast Research raised Motorola Solutions from a “neutral” rating to a “buy” rating and set a $450.00 target price on the stock in a report on Monday, December 1st. Evercore ISI boosted their target price on Motorola Solutions from $500.00 to $525.00 and gave the stock an “outperform” rating in a research report on Friday, August 29th. Finally, Barclays reduced their price objective on Motorola Solutions from $509.00 to $495.00 and set an “overweight” rating on the stock in a research note on Friday, October 31st. 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 MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $495.00.

Motorola Solutions Stock Down 1.0%

Shares of NYSE:MSI opened at $364.46 on Monday. The company has a market cap of $60.70 billion, a price-to-earnings ratio of 29.25, a PEG ratio of 2.91 and a beta of 1.00. Motorola Solutions, Inc. has a 12 month low of $363.37 and a 12 month high of $492.22. The company has a current ratio of 1.03, a quick ratio of 0.86 and a debt-to-equity ratio of 3.59. The company has a 50-day moving average price of $404.63 and a 200 day moving average price of $428.49.

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

Motorola Solutions Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 15th. Shareholders of record on Monday, December 15th will be given a dividend of $1.21 per share. This represents a $4.84 dividend on an annualized basis and a yield of 1.3%. This is a positive change from Motorola Solutions’s previous quarterly dividend of $0.01. The ex-dividend date is Monday, December 15th. Motorola Solutions’s dividend payout ratio (DPR) is presently 34.99%.

Motorola Solutions Company Profile

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.