Onyx Bridge Wealth Group LLC Purchases New Stake in Motorola Solutions, Inc. $MSI

Onyx Bridge Wealth Group LLC acquired a new position in Motorola Solutions, Inc. (NYSE:MSIFree Report) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 4,766 shares of the communications equipment provider’s stock, valued at approximately $2,179,000.

A number of other institutional investors and hedge funds also recently modified their holdings of MSI. Revolve Wealth Partners LLC bought a new stake in shares of 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 2nd quarter worth approximately $210,000. Vest Financial LLC lifted 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 purchasing an additional 952 shares during the last quarter. Sequoia Financial Advisors LLC boosted 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 valued at $2,839,000 after purchasing an additional 71 shares during the period. Finally, Envestnet Portfolio Solutions Inc. increased its position in Motorola Solutions by 9.3% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 13,592 shares of the communications equipment provider’s stock worth $5,715,000 after buying an additional 1,155 shares during the period. 84.17% of the stock is owned by institutional investors and hedge funds.

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Motorola Solutions Price Performance

Shares of Motorola Solutions stock opened at $421.50 on Thursday. Motorola Solutions, Inc. has a 52 week low of $359.36 and a 52 week high of $492.22. 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 stock has a market cap of $70.20 billion, a PE ratio of 33.83, a price-to-earnings-growth ratio of 3.14 and a beta of 1.00. The company’s 50-day moving average price is $388.63 and its two-hundred day moving average price is $420.88.

Motorola Solutions (NYSE:MSIGet Free Report) last announced its quarterly earnings data on Wednesday, February 11th. The communications equipment provider reported $4.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.35 by $0.24. Motorola Solutions had a net margin of 18.71% and a return on equity of 118.48%. The company had revenue of $3.38 billion for the quarter, compared to analysts’ expectations of $3.34 billion. During the same quarter in the previous year, the company posted $4.04 EPS. The business’s revenue was up 12.3% compared to the same quarter last year. As a group, sell-side analysts anticipate that Motorola Solutions, Inc. will post 13.55 EPS for the current fiscal year.

Motorola Solutions Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 15th. Stockholders of record on Monday, December 15th were given a dividend of $1.21 per share. This is a boost from Motorola Solutions’s previous quarterly dividend of $0.01. The ex-dividend date was Monday, December 15th. This represents a $4.84 dividend on an annualized basis and a dividend yield of 1.1%. Motorola Solutions’s payout ratio is currently 38.84%.

Analysts Set New Price Targets

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

View Our Latest Research Report on Motorola Solutions

About Motorola Solutions

(Free Report)

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.

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Institutional Ownership by Quarter for Motorola Solutions (NYSE:MSI)

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