Yousif Capital Management LLC Sells 1,539 Shares of Motorola Solutions, Inc. $MSI

Yousif Capital Management LLC reduced its stake in Motorola Solutions, Inc. (NYSE:MSI) by 6.4% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 22,513 shares of the communications equipment provider’s stock after selling 1,539 shares during the quarter. Yousif Capital Management LLC’s holdings in Motorola Solutions were worth $10,295,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Obermeyer Wealth Partners grew its position in shares of Motorola Solutions by 261.0% in the second quarter. Obermeyer Wealth Partners now owns 8,073 shares of the communications equipment provider’s stock valued at $3,394,000 after purchasing an additional 5,837 shares during the last quarter. Machina Capital S.A.S. grew its holdings in Motorola Solutions by 345.3% in the 2nd quarter. Machina Capital S.A.S. now owns 13,948 shares of the communications equipment provider’s stock valued at $5,865,000 after buying an additional 10,816 shares during the last quarter. Whalen Wealth Management Inc. bought a new position in Motorola Solutions in the 2nd quarter worth approximately $257,000. Rockline Wealth Management LLC acquired a new position in shares of Motorola Solutions during the second quarter worth approximately $333,000. Finally, Aware Super Pty Ltd as trustee of Aware Super lifted its holdings in shares of Motorola Solutions by 101.5% during the second quarter. Aware Super Pty Ltd as trustee of Aware Super now owns 70,231 shares of the communications equipment provider’s stock worth $29,529,000 after buying an additional 35,374 shares during the last quarter. Institutional investors own 84.17% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on MSI. Northcoast Research upgraded shares of Motorola Solutions from a “neutral” rating to a “buy” rating and set a $450.00 price objective on the stock in a research note on Monday, December 1st. Evercore ISI raised their price target on shares of Motorola Solutions from $500.00 to $525.00 and gave the stock an “outperform” rating in a research report on Friday, August 29th. Barclays cut their price objective on shares of Motorola Solutions from $509.00 to $495.00 and set an “overweight” rating for the company in a research report on Friday, October 31st. Weiss Ratings reiterated a “hold (c+)” rating on shares of Motorola Solutions in a research note on Monday. Finally, Piper Sandler restated a “neutral” rating and set a $465.00 price target (down from $495.00) on shares of Motorola Solutions in a research note on Friday, October 31st. Six analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, Motorola Solutions has an average rating of “Moderate Buy” and an average price target of $495.00.

Motorola Solutions Trading Up 1.6%

Shares of MSI stock opened at $378.60 on Wednesday. The firm has a fifty day moving average of $392.44 and a 200-day moving average of $426.18. The stock has a market cap of $63.06 billion, a price-to-earnings ratio of 30.39, a P/E/G ratio of 2.97 and a beta of 0.99. Motorola Solutions, Inc. has a 52-week low of $359.36 and a 52-week high of $492.22. The company has a debt-to-equity ratio of 3.59, a quick ratio of 0.86 and a current ratio of 1.03.

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

Motorola Solutions Increases Dividend

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

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.