Quotient Wealth Partners LLC Reduces Stake in Motorola Solutions, Inc. (NYSE:MSI)

by · The Cerbat Gem

Quotient Wealth Partners LLC lessened its stake in shares of Motorola Solutions, Inc. (NYSE:MSI – Free Report) by 21.8% during the 3rd quarter, Holdings Channel reports. The fund owned 756 shares of the communications equipment provider’s stock after selling 211 shares during the quarter. Quotient Wealth Partners LLC’s holdings in Motorola Solutions were worth $340,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Bridgefront Capital LLC purchased a new stake in shares of Motorola Solutions in the 4th quarter valued at approximately $495,000. Groupama Asset Managment purchased a new position in Motorola Solutions in the fourth quarter worth approximately $178,361,000. GLOBALT Investments LLC GA acquired a new stake in Motorola Solutions during the fourth quarter worth $7,516,000. Neo Ivy Capital Management purchased a new stake in Motorola Solutions in the fourth quarter valued at $200,000. Finally, Virtu Financial LLC lifted its stake in shares of Motorola Solutions by 517.2% in the 4th quarter. Virtu Financial LLC now owns 5,240 shares of the communications equipment provider’s stock valued at $1,640,000 after purchasing an additional 4,391 shares during the last quarter. Institutional investors and hedge funds own 84.17% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on MSI shares. Evercore ISI lifted their price target on shares of Motorola Solutions from $450.00 to $500.00 and gave the company an “outperform” rating in a research report on Friday, August 30th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Motorola Solutions from $385.00 to $440.00 and gave the company a “buy” rating in a report on Tuesday, August 6th. Bank of America upped their price target on Motorola Solutions from $370.00 to $440.00 and gave the stock a “buy” rating in a research note on Thursday, July 18th. Jefferies Financial Group lifted their price objective on Motorola Solutions from $460.00 to $510.00 and gave the company a “buy” rating in a research note on Tuesday, September 3rd. Finally, JPMorgan Chase & Co. increased their target price on Motorola Solutions from $436.00 to $440.00 and gave the stock an “overweight” rating in a research note on Friday, August 2nd. Eight research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $466.17.

Get Our Latest Report on Motorola Solutions

Motorola Solutions Trading Down 0.4 %

Shares of Motorola Solutions stock opened at $464.63 on Friday. The company has a 50-day moving average of $433.60 and a two-hundred day moving average of $391.07. Motorola Solutions, Inc. has a 12-month low of $271.73 and a 12-month high of $467.89. The company has a current ratio of 1.20, a quick ratio of 1.03 and a debt-to-equity ratio of 7.03. The stock has a market cap of $77.52 billion, a PE ratio of 54.41, a price-to-earnings-growth ratio of 4.07 and a beta of 0.97.

Motorola Solutions (NYSE:MSI – Get Free Report) last released its quarterly earnings results on Thursday, August 1st. The communications equipment provider reported $3.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.01 by $0.23. Motorola Solutions had a return on equity of 337.36% and a net margin of 14.04%. The business had revenue of $2.63 billion during the quarter, compared to the consensus estimate of $2.59 billion. During the same quarter in the previous year, the company posted $2.41 EPS. The business’s revenue was up 9.4% on a year-over-year basis. On average, research analysts anticipate that Motorola Solutions, Inc. will post 12.22 EPS for the current fiscal year.

Motorola Solutions Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Friday, September 13th will be paid a $0.98 dividend. The ex-dividend date is Friday, September 13th. This represents a $3.92 annualized dividend and a yield of 0.84%. Motorola Solutions’s payout ratio is currently 45.90%.

Insider Buying and Selling

In other news, COO John P. Molloy sold 23,985 shares of the stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $407.50, for a total transaction of $9,773,887.50. Following the transaction, the chief operating officer now directly owns 46,821 shares in the company, valued at $19,079,557.50. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 1.50% of the stock is currently owned by company insiders.

Motorola Solutions Company Profile

(Free Report)

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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