Nisa Investment Advisors LLC Sells 2,748 Shares of Motorola Solutions, Inc. $MSI

Nisa Investment Advisors LLC reduced its stake in Motorola Solutions, Inc. (NYSE:MSI) by 3.6% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 72,759 shares of the communications equipment provider’s stock after selling 2,748 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Motorola Solutions were worth $33,351,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Norges Bank bought a new stake in Motorola Solutions during the 2nd quarter valued at $872,307,000. Marshall Wace LLP purchased a new stake in shares of Motorola Solutions during the second quarter worth about $230,743,000. Voya Investment Management LLC grew its stake in shares of Motorola Solutions by 116.5% in the third quarter. Voya Investment Management LLC now owns 841,463 shares of the communications equipment provider’s stock worth $384,793,000 after purchasing an additional 452,822 shares during the last quarter. Qube Research & Technologies Ltd increased its holdings in Motorola Solutions by 54.5% during the 2nd quarter. Qube Research & Technologies Ltd now owns 1,195,796 shares of the communications equipment provider’s stock valued at $502,784,000 after purchasing an additional 422,039 shares during the period. Finally, Vanguard Group Inc. increased its holdings in Motorola Solutions by 1.8% during the 2nd quarter. Vanguard Group Inc. now owns 21,885,593 shares of the communications equipment provider’s stock valued at $9,202,016,000 after purchasing an additional 384,479 shares during the period. Hedge funds and other institutional investors own 84.17% of the company’s stock.

Motorola Solutions Trading Up 1.1%

MSI stock opened at $381.64 on Friday. The company has a debt-to-equity ratio of 3.59, a current ratio of 1.03 and a quick ratio of 0.86. Motorola Solutions, Inc. has a 1-year low of $359.36 and a 1-year high of $492.22. The business has a 50 day simple moving average of $377.75 and a two-hundred day simple moving average of $423.58. The company has a market capitalization of $63.56 billion, a price-to-earnings ratio of 30.63, a PEG ratio of 2.82 and a beta of 1.00.

Motorola Solutions (NYSE:MSI) last released its quarterly earnings data on Friday, October 31st. The communications equipment provider reported $4.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.85 by $0.21. The business had revenue of $3.01 billion for the quarter, compared to the consensus estimate of $2.99 billion. Motorola Solutions had a return on equity of 118.48% and a net margin of 18.71%.The company’s revenue was up 7.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.74 EPS. Research analysts anticipate that Motorola Solutions, Inc. will post 13.55 EPS for the current fiscal year.

Motorola Solutions Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 15th. Shareholders of record on Monday, December 15th will be paid a $1.21 dividend. The ex-dividend date is Monday, December 15th. This represents a $4.84 dividend on an annualized basis and a yield of 1.3%. This is an increase from Motorola Solutions’s previous quarterly dividend of $0.01. Motorola Solutions’s payout ratio is currently 38.84%.

Analysts Set New Price Targets

A number of research firms recently issued reports on MSI. Northcoast Research raised shares of Motorola Solutions from a “neutral” rating to a “buy” rating and set a $450.00 price target for the company in a research note on Monday, December 1st. Weiss Ratings restated a “hold (c+)” rating on shares of Motorola Solutions in a research report on Monday, December 29th. Piper Sandler upgraded Motorola Solutions from a “neutral” rating to an “overweight” rating and decreased their price objective for the stock from $465.00 to $443.00 in a report on Monday. Finally, Barclays dropped their target price 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. Seven investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, Motorola Solutions presently has a consensus rating of “Moderate Buy” and a consensus target price 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.