GC Wealth Management RIA LLC Sells 1,675 Shares of Motorola Solutions, Inc. $MSI

GC Wealth Management RIA LLC cut its position in Motorola Solutions, Inc. (NYSE:MSI) by 31.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,637 shares of the communications equipment provider’s stock after selling 1,675 shares during the quarter. GC Wealth Management RIA LLC’s holdings in Motorola Solutions were worth $1,394,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Capital World Investors grew its stake in shares of Motorola Solutions by 5.5% in the third quarter. Capital World Investors now owns 9,386,519 shares of the communications equipment provider’s stock valued at $4,292,310,000 after acquiring an additional 490,354 shares in the last quarter. Varma Mutual Pension Insurance Co raised its stake in Motorola Solutions by 8.4% in the 3rd quarter. Varma Mutual Pension Insurance Co now owns 29,701 shares of the communications equipment provider’s stock worth $13,582,000 after purchasing an additional 2,300 shares in the last quarter. Barden Capital Management Inc. acquired a new stake in Motorola Solutions in the 3rd quarter worth about $1,462,000. Alps Advisors Inc. boosted its holdings in Motorola Solutions by 180.3% in the 3rd quarter. Alps Advisors Inc. now owns 19,899 shares of the communications equipment provider’s stock valued at $9,100,000 after purchasing an additional 12,799 shares during the period. Finally, Wealthfront Advisers LLC boosted its holdings in Motorola Solutions by 28.0% in the 3rd quarter. Wealthfront Advisers LLC now owns 15,802 shares of the communications equipment provider’s stock valued at $7,226,000 after purchasing an additional 3,459 shares during the period. 84.17% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Motorola Solutions

In related news, CEO Cynthia Yazdi sold 7,000 shares of Motorola Solutions stock in a transaction that occurred on Thursday, February 26th. The shares were sold at an average price of $471.01, for a total transaction of $3,297,070.00. Following the sale, the chief executive officer directly owned 9,529 shares of the company’s stock, valued at approximately $4,488,254.29. The trade was a 42.35% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Kenneth D. Denman sold 434 shares of the company’s stock in a transaction that occurred on Thursday, February 26th. The stock was sold at an average price of $470.12, for a total transaction of $204,032.08. Following the transaction, the director owned 7,153 shares of the company’s stock, valued at approximately $3,362,768.36. This represents a 5.72% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 129,069 shares of company stock valued at $60,779,964. 1.28% of the stock is owned by insiders.

Wall Street Analyst Weigh In

MSI has been the topic of several recent research reports. Truist Financial initiated coverage on shares of Motorola Solutions in a report on Tuesday, March 31st. They set a “buy” rating and a $540.00 target price on the stock. Barclays boosted their price target on Motorola Solutions from $495.00 to $506.00 and gave the company an “overweight” rating in a research note on Thursday, February 12th. Piper Sandler restated an “overweight” rating and set a $499.00 price objective (up from $443.00) on shares of Motorola Solutions in a research note on Thursday, February 12th. JPMorgan Chase & Co. lifted their price objective on Motorola Solutions from $515.00 to $520.00 and gave the company an “overweight” rating in a report on Thursday, February 12th. Finally, Weiss Ratings raised Motorola Solutions from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, March 2nd. Two investment analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $502.50.

Motorola Solutions Trading Down 1.1%

Shares of MSI opened at $429.88 on Thursday. The company has a debt-to-equity ratio of 3.47, a quick ratio of 0.87 and a current ratio of 1.04. Motorola Solutions, Inc. has a 52-week low of $359.36 and a 52-week high of $492.22. The firm has a market cap of $71.45 billion, a price-to-earnings ratio of 33.69, a PEG ratio of 3.01 and a beta of 0.99. The business’s fifty day moving average is $452.73 and its 200-day moving average is $417.51.

Motorola Solutions (NYSE:MSI) last released its quarterly earnings data on Wednesday, February 11th. The communications equipment provider reported $4.59 earnings per share for the quarter, beating the consensus estimate of $4.35 by $0.24. Motorola Solutions had a return on equity of 110.75% and a net margin of 18.44%.The business had revenue of $3.38 billion for the quarter, compared to analyst estimates of $3.34 billion. During the same period last year, the firm posted $4.04 earnings per share. Motorola Solutions’s revenue was up 12.3% compared to the same quarter last year. Equities analysts anticipate that Motorola Solutions, Inc. will post 15.25 EPS for the current fiscal year.

Motorola Solutions Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders of record on Friday, March 20th were paid a $1.21 dividend. This represents a $4.84 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date was Friday, March 20th. Motorola Solutions’s dividend payout ratio (DPR) is presently 37.93%.

Motorola Solutions Company 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.