Massachusetts Financial Services Co. MA Sells 14,113 Shares of Motorola Solutions, Inc. $MSI

Massachusetts Financial Services Co. MA cut its stake in shares of Motorola Solutions, Inc. (NYSE:MSI) by 7.0% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 186,702 shares of the communications equipment provider’s stock after selling 14,113 shares during the quarter. Massachusetts Financial Services Co. MA owned approximately 0.11% of Motorola Solutions worth $85,377,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in MSI. Revolve Wealth Partners LLC bought a new stake in Motorola Solutions in the fourth quarter valued at approximately $208,000. Sivia Capital Partners LLC acquired a new position in shares of Motorola Solutions in the 2nd quarter worth approximately $210,000. Farther Finance Advisors LLC boosted its stake in shares of Motorola Solutions by 29.4% in the 2nd quarter. Farther Finance Advisors LLC now owns 1,739 shares of the communications equipment provider’s stock valued at $731,000 after purchasing an additional 395 shares during the last quarter. Park Avenue Securities LLC boosted its stake in shares of Motorola Solutions by 7.4% in the 2nd quarter. Park Avenue Securities LLC now owns 7,149 shares of the communications equipment provider’s stock valued at $3,006,000 after purchasing an additional 490 shares during the last quarter. Finally, GAMMA Investing LLC increased its position in shares of Motorola Solutions by 6.3% during the second quarter. GAMMA Investing LLC now owns 2,632 shares of the communications equipment provider’s stock worth $1,107,000 after buying an additional 155 shares during the period. Institutional investors and hedge funds own 84.17% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have commented on MSI shares. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Motorola Solutions in a research report on Monday, December 29th. Northcoast Research upgraded Motorola Solutions from a “neutral” rating to a “buy” rating and set a $450.00 target price for the company in a report on Monday, December 1st. Piper Sandler upgraded Motorola Solutions from a “neutral” rating to an “overweight” rating and cut their price target for the stock from $465.00 to $443.00 in a report on Monday, January 5th. Finally, Barclays lowered their price objective on shares of Motorola Solutions from $509.00 to $495.00 and set an “overweight” rating for the company in a research note on Friday, October 31st. Seven analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $491.86.

Motorola Solutions Stock Down 2.3%

MSI stock opened at $391.33 on Wednesday. The company has a market cap of $65.18 billion, a P/E ratio of 31.41, a price-to-earnings-growth ratio of 2.99 and a beta of 1.00. Motorola Solutions, Inc. has a fifty-two week low of $359.36 and a fifty-two week high of $492.22. The stock’s 50 day simple moving average is $377.42 and its 200 day simple moving average is $422.08. 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 (NYSE:MSI) last issued its earnings results 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. Motorola Solutions had a return on equity of 118.48% and a net margin of 18.71%.The company had revenue of $3.01 billion for the quarter, compared to analysts’ expectations of $2.99 billion. During the same period last year, the business earned $3.74 EPS. Motorola Solutions’s quarterly revenue was up 7.8% compared to the same quarter last year. On average, research analysts expect that Motorola Solutions, Inc. will post 13.55 earnings per share for the current fiscal year.

Motorola Solutions Increases Dividend

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

Motorola Solutions Profile

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.