QRG Capital Management Inc. boosted its holdings in shares of Motorola Solutions, Inc. (NYSE:MSI – Free Report) by 4.3% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 15,203 shares of the communications equipment provider’s stock after purchasing an additional 631 shares during the period. QRG Capital Management Inc.’s holdings in Motorola Solutions were worth $6,392,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors and hedge funds have also modified their holdings of the stock. Kingswood Wealth Advisors LLC lifted its holdings in shares of Motorola Solutions by 3.2% in the 1st quarter. Kingswood Wealth Advisors LLC now owns 935 shares of the communications equipment provider’s stock worth $409,000 after acquiring an additional 29 shares during the last quarter. Invesco LLC increased its position in shares of Motorola Solutions by 48.8% in the 2nd quarter. Invesco LLC now owns 1,768 shares of the communications equipment provider’s stock valued at $743,000 after purchasing an additional 580 shares during the last quarter. Ninety One North America Inc. increased its position in shares of Motorola Solutions by 42.9% in the 2nd quarter. Ninety One North America Inc. now owns 44,915 shares of the communications equipment provider’s stock valued at $18,885,000 after purchasing an additional 13,475 shares during the last quarter. Oppenheimer & Co. Inc. grew its position in shares of Motorola Solutions by 228.9% in the 1st quarter. Oppenheimer & Co. Inc. now owns 8,367 shares of the communications equipment provider’s stock valued at $3,663,000 after buying an additional 5,823 shares during the last quarter. Finally, Cullen Investment Group LTD. boosted its stake in Motorola Solutions by 7.9% during the 2nd quarter. Cullen Investment Group LTD. now owns 25,322 shares of the communications equipment provider’s stock worth $10,647,000 after purchasing an additional 1,862 shares during the period. Hedge funds and other institutional investors own 84.17% of the company’s stock.
Motorola Solutions Stock Up 1.2%
MSI stock opened at $453.47 on Monday. The company has a market cap of $75.55 billion, a P/E ratio of 36.51, a P/E/G ratio of 3.62 and a beta of 0.97. Motorola Solutions, Inc. has a 52 week low of $388.90 and a 52 week high of $507.82. The company’s 50-day moving average price is $462.30 and its 200 day moving average price is $434.32. The company has a current ratio of 1.73, a quick ratio of 1.54 and a debt-to-equity ratio of 3.86.
Motorola Solutions Cuts Dividend
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Monday, September 15th will be given a dividend of $0.0109 per share. The ex-dividend date is Monday, September 15th. This represents a $0.04 dividend on an annualized basis and a yield of 0.0%. Motorola Solutions’s payout ratio is presently 35.10%.
Wall Street Analysts Forecast Growth
MSI has been the subject of a number of recent research reports. Weiss Ratings reiterated a “buy (b)” rating on shares of Motorola Solutions in a research note on Saturday, September 27th. Barclays lowered their target price on shares of Motorola Solutions from $511.00 to $509.00 and set an “overweight” rating on the stock in a report on Friday, August 8th. Piper Sandler began coverage on shares of Motorola Solutions in a report on Tuesday, September 23rd. They issued a “neutral” rating and a $495.00 target price on the stock. UBS Group lifted their target price on shares of Motorola Solutions from $490.00 to $510.00 and gave the company a “buy” rating in a report on Friday, August 8th. Finally, Evercore ISI lifted their target price on shares of Motorola Solutions from $500.00 to $525.00 and gave the company an “outperform” rating in a report on Friday, August 29th. Nine analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, Motorola Solutions has an average rating of “Moderate Buy” and an average target price of $513.78.
Read Our Latest Stock Report on Motorola Solutions
Insider Buying and Selling at Motorola Solutions
In other Motorola Solutions news, COO John P. Molloy sold 37,514 shares of Motorola Solutions stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $462.38, for a total transaction of $17,345,723.32. Following the completion of the transaction, the chief operating officer owned 59,328 shares in the company, valued at approximately $27,432,080.64. The trade was a 38.74% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP James A. Niewiara sold 1,700 shares of Motorola Solutions stock in a transaction dated 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. In the last three months, insiders have sold 248,493 shares of company stock worth $116,848,278. 1.44% of the stock is currently owned by insiders.
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.
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