Concurrent Investment Advisors LLC grew its stake in Motorola Solutions, Inc. (NYSE:MSI – Free Report) by 13.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,857 shares of the communications equipment provider’s stock after purchasing an additional 903 shares during the quarter. Concurrent Investment Advisors LLC’s holdings in Motorola Solutions were worth $3,303,000 as of its most recent SEC filing.
Several other large investors also recently modified their holdings of MSI. Revolve Wealth Partners LLC bought a new position in shares of Motorola Solutions in the fourth quarter valued at about $208,000. Dynamic Advisor Solutions LLC grew its stake in shares of Motorola Solutions by 1.0% in the first quarter. Dynamic Advisor Solutions LLC now owns 2,927 shares of the communications equipment provider’s stock valued at $1,281,000 after acquiring an additional 29 shares in the last quarter. Ritholtz Wealth Management grew its stake in shares of Motorola Solutions by 12.3% in the first quarter. Ritholtz Wealth Management now owns 5,383 shares of the communications equipment provider’s stock valued at $2,357,000 after acquiring an additional 588 shares in the last quarter. Exchange Traded Concepts LLC grew its stake in shares of Motorola Solutions by 56.8% in the first quarter. Exchange Traded Concepts LLC now owns 12,024 shares of the communications equipment provider’s stock valued at $5,264,000 after acquiring an additional 4,355 shares in the last quarter. Finally, Brighton Jones LLC grew its stake in shares of Motorola Solutions by 44.5% in the first quarter. Brighton Jones LLC now owns 1,134 shares of the communications equipment provider’s stock valued at $496,000 after acquiring an additional 349 shares in the last quarter. 84.17% of the stock is owned by institutional investors.
Motorola Solutions Trading Down 0.1%
MSI opened at $456.01 on Tuesday. The company’s 50 day moving average is $464.91 and its 200-day moving average is $435.49. Motorola Solutions, Inc. has a 1-year low of $388.90 and a 1-year high of $507.82. The company has a current ratio of 1.73, a quick ratio of 1.54 and a debt-to-equity ratio of 3.86. The company has a market cap of $75.97 billion, a P/E ratio of 36.72, a PEG ratio of 3.65 and a beta of 0.97.
Motorola Solutions Cuts Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Monday, September 15th will be issued a $0.0109 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 0.0%. The ex-dividend date is Monday, September 15th. Motorola Solutions’s dividend payout ratio (DPR) is 35.10%.
Analysts Set New Price Targets
Several equities analysts recently commented on MSI shares. Piper Sandler started coverage on shares of Motorola Solutions in a research note on Tuesday, September 23rd. They issued a “neutral” rating and a $495.00 price target on the stock. UBS Group upped their price target on shares of Motorola Solutions from $490.00 to $510.00 and gave the company a “buy” rating in a research note on Friday, August 8th. Wolfe Research assumed coverage on shares of Motorola Solutions in a research note on Monday, July 7th. They issued a “peer perform” rating on the stock. Evercore ISI increased their price objective on shares of Motorola Solutions from $500.00 to $525.00 and gave the stock an “outperform” rating in a research note on Friday, August 29th. Finally, Barclays reduced their price objective on shares of Motorola Solutions from $511.00 to $509.00 and set an “overweight” rating on the stock in a research note on Friday, August 8th. Nine analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, Motorola Solutions currently has an average rating of “Moderate Buy” and an average price target of $513.78.
View Our Latest Stock Analysis on MSI
Insider Buying and Selling at Motorola Solutions
In related news, SVP Rajan Naik sold 8,014 shares of the firm’s stock in a transaction that occurred on Wednesday, September 3rd. The shares were sold at an average price of $474.45, for a total value of $3,802,242.30. Following the completion of the transaction, the senior vice president owned 10,244 shares in the company, valued at $4,860,265.80. This trade represents a 43.89% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP James A. Niewiara sold 1,700 shares of the firm’s stock in a transaction that occurred on Thursday, September 11th. The stock was sold at an average price of $485.43, for a total transaction of $825,231.00. Following the transaction, the senior vice president owned 14,542 shares of the company’s stock, valued at approximately $7,059,123.06. The trade was a 10.47% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 248,493 shares of company stock worth $116,848,278 in the last 90 days. Corporate insiders own 1.44% of the company’s stock.
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.
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