20,019 Shares in Motorola Solutions, Inc. $MSI Purchased by FORA Capital LLC

FORA Capital LLC acquired a new stake in Motorola Solutions, Inc. (NYSE:MSI) in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm acquired 20,019 shares of the communications equipment provider’s stock, valued at approximately $8,417,000. Motorola Solutions comprises 0.9% of FORA Capital LLC’s holdings, making the stock its 19th largest position.

Several other hedge funds have also recently modified their holdings of the company. Signature Resources Capital Management LLC bought a new position in shares of Motorola Solutions in the second quarter valued at approximately $25,000. Saudi Central Bank purchased a new position in Motorola Solutions in the first quarter worth $29,000. Whipplewood Advisors LLC boosted its position in Motorola Solutions by 289.5% in the second quarter. Whipplewood Advisors LLC now owns 74 shares of the communications equipment provider’s stock worth $31,000 after purchasing an additional 55 shares during the last quarter. Rossby Financial LCC increased its position in shares of Motorola Solutions by 148.6% during the 2nd quarter. Rossby Financial LCC now owns 87 shares of the communications equipment provider’s stock valued at $37,000 after purchasing an additional 52 shares during the last quarter. Finally, Twin Peaks Wealth Advisors LLC bought a new stake in shares of Motorola Solutions during the 2nd quarter worth $39,000. Institutional investors own 84.17% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently weighed in on MSI shares. Evercore ISI increased their price target on shares of Motorola Solutions from $500.00 to $525.00 and gave the company an “outperform” rating in a research report on Friday, August 29th. 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. Northcoast Research raised shares of Motorola Solutions from a “neutral” rating to a “buy” rating and set a $450.00 price target on the stock in a report on Monday, December 1st. Piper Sandler reissued a “neutral” rating and set a $465.00 price objective (down from $495.00) on shares of Motorola Solutions in a report on Friday, October 31st. Finally, Weiss Ratings downgraded Motorola Solutions from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, December 8th. Six equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $495.00.

Motorola Solutions Stock Down 1.0%

MSI opened at $364.46 on Friday. Motorola Solutions, Inc. has a 12 month low of $363.37 and a 12 month high of $492.22. The company has a market cap of $60.70 billion, a PE ratio of 29.25, a price-to-earnings-growth ratio of 2.91 and a beta of 0.99. 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 company has a 50 day moving average of $404.63 and a 200 day moving average of $428.44.

Motorola Solutions (NYSE:MSI) last posted its earnings results on Friday, October 31st. The communications equipment provider reported $4.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.85 by $0.21. The firm had revenue of $3.01 billion for the quarter, compared to the consensus estimate of $2.99 billion. Motorola Solutions had a return on equity of 118.48% and a net margin of 18.71%.The business’s quarterly revenue was up 7.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $3.74 earnings per share. On average, sell-side analysts expect that Motorola Solutions, Inc. will post 13.55 EPS for the current year.

Motorola Solutions Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 15th. Shareholders of record on Monday, December 15th will be issued a dividend of $1.21 per share. This represents a $4.84 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend is Monday, December 15th. This is a boost from Motorola Solutions’s previous quarterly dividend of $0.01. Motorola Solutions’s payout ratio is presently 34.99%.

About Motorola Solutions

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.