Mackenzie Financial Corp Cuts Stock Holdings in Motorola Solutions, Inc. $MSI

Mackenzie Financial Corp lowered its position in shares of Motorola Solutions, Inc. (NYSE:MSI) by 7.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 907,309 shares of the communications equipment provider’s stock after selling 70,939 shares during the period. Mackenzie Financial Corp owned approximately 0.54% of Motorola Solutions worth $414,903,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in MSI. Vanguard Group Inc. lifted its position in Motorola Solutions by 1.3% in the 3rd quarter. Vanguard Group Inc. now owns 22,171,959 shares of the communications equipment provider’s stock valued at $10,139,015,000 after acquiring an additional 286,366 shares in the last quarter. Capital World Investors increased its holdings in shares of Motorola Solutions by 5.5% in the 3rd quarter. Capital World Investors now owns 9,386,519 shares of the communications equipment provider’s stock worth $4,292,310,000 after purchasing an additional 490,354 shares in the last quarter. State Street Corp increased its holdings in shares of Motorola Solutions by 1.3% in the 2nd quarter. State Street Corp now owns 7,681,622 shares of the communications equipment provider’s stock worth $3,237,985,000 after purchasing an additional 101,408 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Motorola Solutions by 1.2% in the second quarter. Geode Capital Management LLC now owns 4,386,899 shares of the communications equipment provider’s stock worth $1,839,569,000 after purchasing an additional 51,474 shares during the last quarter. Finally, Raymond James Financial Inc. lifted its holdings in shares of Motorola Solutions by 0.8% during the second quarter. Raymond James Financial Inc. now owns 3,401,738 shares of the communications equipment provider’s stock valued at $1,430,295,000 after purchasing an additional 27,206 shares in the last quarter. 84.17% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Motorola Solutions

In related news, CEO Cynthia Yazdi sold 7,000 shares of the company’s stock in a transaction on Thursday, February 26th. The shares were sold at an average price of $471.01, for a total value of $3,297,070.00. Following the completion of the transaction, the chief executive officer owned 9,529 shares of the company’s stock, valued at approximately $4,488,254.29. This represents a 42.35% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Kenneth D. Denman sold 434 shares of the company’s stock in a transaction on Thursday, February 26th. The stock was sold at an average price of $470.12, for a total transaction of $204,032.08. Following the completion of the transaction, the director directly owned 7,153 shares of the company’s stock, valued at $3,362,768.36. This represents a 5.72% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 129,069 shares of company stock valued at $60,779,964 over the last three months. Corporate insiders own 1.44% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently commented on MSI. Weiss Ratings raised Motorola Solutions from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, March 2nd. Barclays boosted their target price on Motorola Solutions from $495.00 to $506.00 and gave the stock an “overweight” rating in a research report on Thursday, February 12th. Piper Sandler restated an “overweight” rating and set a $499.00 target price (up from $443.00) on shares of Motorola Solutions in a research note on Thursday, February 12th. JPMorgan Chase & Co. raised their price target on shares of Motorola Solutions from $515.00 to $520.00 and gave the company an “overweight” rating in a report on Thursday, February 12th. Finally, Morgan Stanley reiterated an “overweight” rating and issued a $470.00 price target on shares of Motorola Solutions in a research note on Thursday, February 12th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $497.14.

Motorola Solutions Stock Up 1.2%

MSI stock opened at $463.47 on Wednesday. The business’s 50-day moving average price is $424.16 and its 200-day moving average price is $422.64. The stock has a market cap of $76.78 billion, a P/E ratio of 36.32, a PEG ratio of 3.21 and a beta of 0.96. The company has a quick ratio of 0.87, a current ratio of 1.04 and a debt-to-equity ratio of 3.47. Motorola Solutions, Inc. has a twelve month low of $359.36 and a twelve month high of $492.22.

Motorola Solutions (NYSE:MSI) last released its earnings results 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 18.44% and a return on equity of 110.75%. The company had revenue of $3.38 billion during the quarter, compared to analyst estimates of $3.34 billion. During the same period in the prior year, the firm posted $4.04 EPS. The firm’s quarterly revenue was up 12.3% compared to the same quarter last year. On average, equities research analysts forecast that Motorola Solutions, Inc. will post 13.55 EPS for the current year.

Motorola Solutions Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Friday, March 20th will be paid a $1.21 dividend. The ex-dividend date of this dividend is Friday, March 20th. This represents a $4.84 dividend on an annualized basis and a dividend yield of 1.0%. Motorola Solutions’s dividend payout ratio is 37.93%.

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.