ProShare Advisors LLC Has $25 Million Stock Holdings in Motorola Solutions, Inc. $MSI

ProShare Advisors LLC lifted its stake in Motorola Solutions, Inc. (NYSE:MSI) by 3.5% in the third quarter, HoldingsChannel reports. The institutional investor owned 54,667 shares of the communications equipment provider’s stock after buying an additional 1,846 shares during the quarter. ProShare Advisors LLC’s holdings in Motorola Solutions were worth $24,999,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the stock. Revolve Wealth Partners LLC bought a new position in Motorola Solutions during the 4th quarter valued at about $208,000. Sivia Capital Partners LLC acquired a new stake in shares of Motorola Solutions during the second quarter worth approximately $210,000. Concurrent Investment Advisors LLC raised its stake in shares of Motorola Solutions by 13.0% in the second quarter. Concurrent Investment Advisors LLC now owns 7,857 shares of the communications equipment provider’s stock valued at $3,303,000 after acquiring an additional 903 shares during the last quarter. Vest Financial LLC boosted its holdings in shares of Motorola Solutions by 26.9% in the 2nd quarter. Vest Financial LLC now owns 4,490 shares of the communications equipment provider’s stock worth $1,888,000 after acquiring an additional 952 shares in the last quarter. Finally, Sequoia Financial Advisors LLC grew its position in Motorola Solutions by 1.1% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 6,752 shares of the communications equipment provider’s stock worth $2,839,000 after acquiring an additional 71 shares during the last quarter. Institutional investors and hedge funds own 84.17% of the company’s stock.

Motorola Solutions Price Performance

MSI opened at $419.58 on Wednesday. The company has a fifty day moving average price of $387.70 and a two-hundred day moving average price of $420.87. The firm has a market capitalization of $69.88 billion, a PE ratio of 33.67, a P/E/G ratio of 3.16 and a beta of 1.00. Motorola Solutions, Inc. has a 52 week low of $359.36 and a 52 week high of $492.22. The company has a debt-to-equity ratio of 3.59, a quick ratio of 0.86 and a current ratio of 1.03.

Motorola Solutions Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 15th. Investors of record on Monday, December 15th were paid a dividend of $1.21 per share. This represents a $4.84 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend was Monday, December 15th. This is a boost from Motorola Solutions’s previous quarterly dividend of $0.01. Motorola Solutions’s dividend payout ratio (DPR) is 38.84%.

Wall Street Analyst Weigh In

MSI has been the topic of a number of recent analyst reports. Weiss Ratings raised Motorola Solutions from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday, January 27th. Northcoast Research raised Motorola Solutions from a “neutral” rating to a “buy” rating and set a $450.00 price target for the company in a report on Monday, December 1st. Barclays decreased their price objective on shares of Motorola Solutions from $509.00 to $495.00 and set an “overweight” rating on the stock in a report on Friday, October 31st. Finally, Piper Sandler upgraded shares of Motorola Solutions from a “neutral” rating to an “overweight” rating and lowered their price objective for the company from $465.00 to $443.00 in a research report on Monday, January 5th. Eight equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $491.86.

About Motorola Solutions

Motorola Solutions, Inc is a provider of mission-critical communications and analytics solutions for public safety and commercial customers. The company designs, manufactures and supports a range of communications equipment and software aimed at enabling first responders, government agencies and enterprises to coordinate and operate reliably in high-pressure environments. Its offerings emphasize secure, resilient connectivity and situational awareness for organizations that require dependable voice, data and video communications.

Product lines include land mobile radio (LMR) systems and handheld and vehicle-mounted radios used by police, fire and emergency medical services; broadband push-to-talk and LTE-based solutions; command-and-control center software for incident management and records; and video security and analytics systems.