Insigneo Advisory Services LLC Purchases Shares of 755 Motorola Solutions, Inc. $MSI

Insigneo Advisory Services LLC acquired a new position in Motorola Solutions, Inc. (NYSE:MSI) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 755 shares of the communications equipment provider’s stock, valued at approximately $317,000.

A number of other large investors have also recently made changes to their positions in the business. Jefferies Financial Group Inc. lifted its stake in Motorola Solutions by 180.5% in the second quarter. Jefferies Financial Group Inc. now owns 7,615 shares of the communications equipment provider’s stock worth $3,202,000 after acquiring an additional 4,900 shares during the period. Global Retirement Partners LLC bought a new position in Motorola Solutions in the 2nd quarter worth $1,752,000. Prudential Financial Inc. lifted its position in shares of Motorola Solutions by 9.0% in the 2nd quarter. Prudential Financial Inc. now owns 96,864 shares of the communications equipment provider’s stock worth $40,727,000 after purchasing an additional 8,012 shares during the period. Titleist Asset Management LLC lifted its position in shares of Motorola Solutions by 4.5% in the 2nd quarter. Titleist Asset Management LLC now owns 989 shares of the communications equipment provider’s stock worth $416,000 after purchasing an additional 43 shares during the period. Finally, Vestor Capital LLC boosted its stake in shares of Motorola Solutions by 65.1% during the 2nd quarter. Vestor Capital LLC now owns 1,091 shares of the communications equipment provider’s stock valued at $459,000 after purchasing an additional 430 shares in the last quarter. 84.17% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

MSI has been the subject of a number of research reports. Barclays decreased their price target on shares of Motorola Solutions from $509.00 to $495.00 and set an “overweight” rating for the company in a research note on Friday, October 31st. Weiss Ratings reissued a “buy (b-)” rating on shares of Motorola Solutions in a research report on Monday. Evercore ISI raised their target price on Motorola Solutions from $500.00 to $525.00 and gave the company an “outperform” rating in a research note on Friday, August 29th. UBS Group upped their price target on Motorola Solutions from $490.00 to $510.00 and gave the stock a “buy” rating in a research note on Friday, August 8th. Finally, Piper Sandler reiterated a “neutral” rating and issued a $465.00 price objective (down previously from $495.00) on shares of Motorola Solutions in a report on Friday, October 31st. Six investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $502.50.

Motorola Solutions Stock Performance

Motorola Solutions stock opened at $370.25 on Thursday. Motorola Solutions, Inc. has a twelve month low of $365.40 and a twelve month high of $503.62. The company has a quick ratio of 1.54, a current ratio of 1.73 and a debt-to-equity ratio of 3.86. The company has a market capitalization of $61.67 billion, a P/E ratio of 29.81, a PEG ratio of 3.46 and a beta of 0.96. The stock’s 50 day moving average is $426.08 and its 200 day moving average is $432.54.

Motorola Solutions (NYSE:MSI) last released its earnings results on Friday, October 31st. The communications equipment provider reported $4.06 EPS for the quarter, topping the consensus estimate of $3.85 by $0.21. Motorola Solutions had a return on equity of 134.30% and a net margin of 19.08%.The business had revenue of $3.01 billion for the quarter, compared to the consensus estimate of $2.99 billion. During the same period in the previous year, the company posted $3.74 earnings per share. The company’s revenue for the quarter was up 7.8% compared to the same quarter last year. On average, equities research analysts predict that Motorola Solutions, Inc. will post 13.55 earnings per share for the current fiscal 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 paid a dividend of $1.21 per share. The ex-dividend date is Monday, December 15th. This represents a $4.84 dividend on an annualized basis and a yield of 1.3%. This is an increase from Motorola Solutions’s previous quarterly dividend of $0.01. Motorola Solutions’s dividend payout ratio (DPR) is 38.84%.

Insiders Place Their Bets

In related news, CEO Gregory Q. Brown sold 50,000 shares of the business’s stock in a transaction that occurred on Friday, September 12th. The shares were sold at an average price of $483.50, for a total value of $24,175,000.00. Following the completion of the transaction, the chief executive officer directly owned 46,936 shares in the company, valued at $22,693,556. The trade was a 51.58% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Rajan Naik sold 8,014 shares of the company’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 directly owned 10,244 shares in the company, valued at $4,860,265.80. This trade represents a 43.89% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 110,614 shares of company stock valued at $53,085,917. Insiders own 1.44% of the company’s stock.

Motorola Solutions 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.