AGF Management Ltd. Has $88.66 Million Stock Holdings in Motorola Solutions, Inc. $MSI

AGF Management Ltd. reduced its stake in Motorola Solutions, Inc. (NYSE:MSI) by 27.8% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 193,871 shares of the communications equipment provider’s stock after selling 74,471 shares during the quarter. AGF Management Ltd.’s holdings in Motorola Solutions were worth $88,655,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in MSI. Norges Bank acquired a new position in shares of Motorola Solutions in the 2nd quarter worth approximately $872,307,000. Marshall Wace LLP acquired a new position in Motorola Solutions in the second quarter valued at $230,743,000. Voya Investment Management LLC boosted its position in Motorola Solutions by 116.5% during the third quarter. Voya Investment Management LLC now owns 841,463 shares of the communications equipment provider’s stock valued at $384,793,000 after acquiring an additional 452,822 shares during the last quarter. Qube Research & Technologies Ltd boosted its position in Motorola Solutions by 54.5% during the second quarter. Qube Research & Technologies Ltd now owns 1,195,796 shares of the communications equipment provider’s stock valued at $502,784,000 after acquiring an additional 422,039 shares during the last quarter. Finally, Vanguard Group Inc. grew its holdings in Motorola Solutions by 1.8% during the 2nd quarter. Vanguard Group Inc. now owns 21,885,593 shares of the communications equipment provider’s stock worth $9,202,016,000 after acquiring an additional 384,479 shares during the period. Institutional investors and hedge funds own 84.17% of the company’s stock.

Motorola Solutions Stock Performance

Shares of MSI stock opened at $402.58 on Monday. 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 firm has a fifty day simple moving average of $381.46 and a two-hundred day simple moving average of $421.21. Motorola Solutions, Inc. has a 12 month low of $359.36 and a 12 month high of $492.22. The firm has a market capitalization of $67.05 billion, a PE ratio of 32.31, a price-to-earnings-growth ratio of 3.01 and a beta of 1.00.

Motorola Solutions (NYSE:MSI) last issued its quarterly earnings data on Friday, October 31st. The communications equipment provider reported $4.06 earnings per share (EPS) for the quarter, beating 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 net margin of 18.71% and a return on equity of 118.48%. The business’s revenue was up 7.8% on a year-over-year basis. During the same period last year, the company earned $3.74 earnings per share. Analysts forecast that Motorola Solutions, Inc. will post 13.55 EPS for the current fiscal year.

Motorola Solutions Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, January 15th. Shareholders of record on Monday, December 15th were paid a dividend of $1.21 per share. This is an increase from Motorola Solutions’s previous quarterly dividend of $0.01. The ex-dividend date was Monday, December 15th. This represents a $4.84 dividend on an annualized basis and a yield of 1.2%. Motorola Solutions’s dividend payout ratio (DPR) is presently 38.84%.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on MSI shares. Barclays dropped 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. Weiss Ratings raised Motorola Solutions from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday, January 27th. Northcoast Research raised shares of Motorola Solutions from a “neutral” rating to a “buy” rating and set a $450.00 price objective for the company in a research report on Monday, December 1st. Finally, Piper Sandler upgraded shares of Motorola Solutions from a “neutral” rating to an “overweight” rating and lowered their price objective for the company from $465.00 to $443.00 in a research note on Monday, January 5th. Eight research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $491.86.

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.