Motorola Solutions, Inc. $MSI Shares Sold by Arrowstreet Capital Limited Partnership

Arrowstreet Capital Limited Partnership cut its position in shares of Motorola Solutions, Inc. (NYSE:MSI) by 37.3% in the second quarter, Holdings Channel.com reports. The institutional investor owned 444,910 shares of the communications equipment provider’s stock after selling 264,220 shares during the period. Arrowstreet Capital Limited Partnership’s holdings in Motorola Solutions were worth $187,067,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Signature Resources Capital Management LLC purchased a new stake in shares of Motorola Solutions during the 2nd quarter worth about $25,000. Saudi Central Bank acquired a new position in Motorola Solutions in the first quarter worth approximately $29,000. Whipplewood Advisors LLC raised its position in Motorola Solutions by 289.5% during the second quarter. Whipplewood Advisors LLC now owns 74 shares of the communications equipment provider’s stock valued at $31,000 after acquiring an additional 55 shares in the last quarter. Rossby Financial LCC lifted its stake in Motorola Solutions by 148.6% in the second quarter. Rossby Financial LCC now owns 87 shares of the communications equipment provider’s stock valued at $37,000 after acquiring an additional 52 shares during the last quarter. Finally, Cape Investment Advisory Inc. grew its position in Motorola Solutions by 3,300.0% in the first quarter. Cape Investment Advisory Inc. now owns 102 shares of the communications equipment provider’s stock worth $45,000 after acquiring an additional 99 shares in the last quarter. 84.17% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Motorola Solutions

In related news, SVP James A. Niewiara sold 1,700 shares of Motorola Solutions stock in a transaction dated Thursday, September 11th. The shares were sold at an average price of $485.43, for a total transaction of $825,231.00. Following the completion of the transaction, the senior vice president directly owned 14,542 shares of the company’s stock, valued at $7,059,123.06. This trade represents a 10.47% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Gregory Q. Brown sold 50,000 shares of the company’s stock in a transaction dated Friday, September 12th. The stock was sold at an average price of $483.50, for a total transaction of $24,175,000.00. Following the sale, the chief executive officer directly owned 46,936 shares in the company, valued at $22,693,556. This represents a 51.58% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 77,600 shares of company stock worth $37,476,175 in the last 90 days. 1.44% of the stock is owned by corporate insiders.

Motorola Solutions Stock Performance

NYSE:MSI opened at $377.48 on Wednesday. The firm has a market capitalization of $62.87 billion, a PE ratio of 30.39, a price-to-earnings-growth ratio of 3.46 and a beta of 1.00. The company has a quick ratio of 1.54, a current ratio of 1.73 and a debt-to-equity ratio of 3.86. Motorola Solutions, Inc. has a 12-month low of $365.40 and a 12-month high of $500.86. The firm has a 50-day moving average price of $418.04 and a 200 day moving average price of $431.37.

Motorola Solutions (NYSE:MSI) last issued its earnings results on Friday, October 31st. The communications equipment provider reported $4.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.85 by $0.21. The business had revenue of $3.01 billion during the quarter, compared to analysts’ expectations of $2.99 billion. Motorola Solutions had a return on equity of 134.30% and a net margin of 19.08%.Motorola Solutions’s quarterly revenue was up 7.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $3.74 EPS. Research analysts anticipate that Motorola Solutions, Inc. will post 13.55 earnings per share for the current fiscal year.

Motorola Solutions Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 15th. Stockholders of record on Monday, December 15th will be paid a $1.21 dividend. The ex-dividend date is Monday, December 15th. This represents a $4.84 annualized dividend and a dividend yield of 1.3%. This is a boost from Motorola Solutions’s previous quarterly dividend of $0.01. Motorola Solutions’s dividend payout ratio is presently 38.84%.

Analyst Ratings Changes

A number of research analysts have recently weighed in on MSI shares. UBS Group raised their price target 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. Northcoast Research upgraded Motorola Solutions from a “neutral” rating to a “buy” rating and set a $450.00 target price on the stock in a report on Monday. Piper Sandler reiterated a “neutral” rating and set a $465.00 price target (down previously from $495.00) on shares of Motorola Solutions in a research note on Friday, October 31st. Evercore ISI raised their price objective on Motorola Solutions from $500.00 to $525.00 and gave the company an “outperform” rating in a research note on Friday, August 29th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Motorola Solutions in a report on Monday. Seven research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, Motorola Solutions currently has a consensus rating of “Moderate Buy” and a consensus price target of $495.00.

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.