Advisor Group Holdings Inc. Sells 11,270 Shares of Motorola Solutions, Inc. (NYSE:MSI)

Defense World · Aug 7, 2022 17:21

Advisor Group Holdings Inc. lowered its holdings in shares of Motorola Solutions, Inc. (NYSE:MSI – Get Rating) by 29.2% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 27,295 shares of the communications equipment provider's stock after selling 11,270 shares during the period. Advisor Group Holdings Inc.'s holdings in Motorola Solutions were worth $6,242,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Prospera Financial Services Inc bought a new stake in Motorola Solutions in the 1st quarter worth $53,000. Victory Capital Management Inc. grew its holdings in Motorola Solutions by 3.8% in the 1st quarter. Victory Capital Management Inc. now owns 1,234,440 shares of the communications equipment provider's stock worth $293,808,000 after acquiring an additional 44,650 shares during the last quarter. Commonwealth Equity Services LLC grew its holdings in Motorola Solutions by 5.5% in the 1st quarter. Commonwealth Equity Services LLC now owns 18,372 shares of the communications equipment provider's stock worth $4,449,000 after acquiring an additional 965 shares during the last quarter. Benjamin F. Edwards & Company Inc. grew its holdings in Motorola Solutions by 104.2% in the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 145 shares of the communications equipment provider's stock worth $35,000 after acquiring an additional 74 shares during the last quarter. Finally, Envestnet Asset Management Inc. grew its holdings in Motorola Solutions by 3.7% in the 1st quarter. Envestnet Asset Management Inc. now owns 264,874 shares of the communications equipment provider's stock worth $64,153,000 after acquiring an additional 9,483 shares during the last quarter. Institutional investors own 85.65% of the company's stock.

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Insiders Place Their Bets

In other Motorola Solutions news, CEO Gregory Q. Brown sold 25,000 shares of Motorola Solutions stock in a transaction dated Tuesday, June 7th. The shares were sold at an average price of $219.75, for a total value of $5,493,750.00. Following the completion of the transaction, the chief executive officer now directly owns 35,348 shares of the company's stock, valued at $7,767,723. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 1.85% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on MSI. Credit Suisse Group lifted their target price on shares of Motorola Solutions from $290.00 to $295.00 and gave the company an "outperform" rating in a research note on Wednesday, June 22nd. Morgan Stanley raised shares of Motorola Solutions from an "equal weight" rating to an "overweight" rating and set a $240.00 target price on the stock in a research note on Monday, May 23rd. Loop Capital began coverage on shares of Motorola Solutions in a research note on Monday, April 25th. They set a "buy" rating and a $295.00 target price on the stock. Finally, StockNews.com raised shares of Motorola Solutions from a "hold" rating to a "buy" rating in a research report on Friday. One investment analyst has rated the stock with a hold rating and nine have given a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $282.75.

Motorola Solutions Price Performance

Shares of NYSE MSI opened at $250.21 on Friday. The stock has a market cap of $41.86 billion, a P/E ratio of 36.11, a price-to-earnings-growth ratio of 2.96 and a beta of 0.92. Motorola Solutions, Inc. has a 1 year low of $195.18 and a 1 year high of $273.65. The firm has a 50-day moving average of $217.66 and a 200 day moving average of $222.11.

Motorola Solutions (NYSE:MSI – Get Rating) last issued its earnings results on Thursday, August 4th. The communications equipment provider reported $2.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.87 by $0.20. The business had revenue of $2.14 billion during the quarter, compared to analysts' expectations of $2.06 billion. Motorola Solutions had a net margin of 14.22% and a negative return on equity of 752.91%. The business's revenue for the quarter was up 8.6% compared to the same quarter last year. During the same period in the previous year, the company earned $1.94 earnings per share. Research analysts expect that Motorola Solutions, Inc. will post 9.01 earnings per share for the current fiscal year.

Motorola Solutions Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, July 15th. Shareholders of record on Wednesday, June 15th were issued a $0.79 dividend. The ex-dividend date was Tuesday, June 14th. This represents a $3.16 annualized dividend and a yield of 1.26%. Motorola Solutions's dividend payout ratio (DPR) is presently 45.60%.

About Motorola Solutions

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Motorola Solutions, Inc provides mission critical communications and analytics 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.