IVC Wealth Advisors LLC Has $1.06 Million Stock Position in Motorola Solutions, Inc. (NYSE:MSI)

IVC Wealth Advisors LLC lessened its stake in Motorola Solutions, Inc. (NYSE:MSI) by 24.1% in the third quarter, Holdings Channel reports. The firm owned 2,360 shares of the communications equipment provider’s stock after selling 749 shares during the quarter. IVC Wealth Advisors LLC’s holdings in Motorola Solutions were worth $1,061,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. MFA Wealth Advisors LLC bought a new position in Motorola Solutions in the 2nd quarter valued at about $25,000. Beacon Capital Management LLC increased its stake in Motorola Solutions by 71.8% in the second quarter. Beacon Capital Management LLC now owns 67 shares of the communications equipment provider’s stock valued at $26,000 after acquiring an additional 28 shares during the last quarter. LRI Investments LLC raised its position in Motorola Solutions by 871.4% during the second quarter. LRI Investments LLC now owns 68 shares of the communications equipment provider’s stock valued at $26,000 after purchasing an additional 61 shares in the last quarter. Crewe Advisors LLC bought a new stake in Motorola Solutions during the first quarter worth $28,000. Finally, Triad Wealth Partners LLC acquired a new stake in shares of Motorola Solutions in the 2nd quarter valued at $29,000. Institutional investors and hedge funds own 84.17% of the company’s stock.

Motorola Solutions Stock Down 0.7 %

Shares of NYSE MSI opened at $462.32 on Monday. The company has a 50 day simple moving average of $448.08 and a 200 day simple moving average of $401.45. The company has a debt-to-equity ratio of 7.03, a current ratio of 1.20 and a quick ratio of 1.03. Motorola Solutions, Inc. has a 1 year low of $271.73 and a 1 year high of $480.28. The firm has a market cap of $77.11 billion, a PE ratio of 57.15, a price-to-earnings-growth ratio of 3.96 and a beta of 0.97.

Motorola Solutions (NYSE:MSI) last announced its quarterly earnings results on Thursday, August 1st. The communications equipment provider reported $3.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.01 by $0.23. The firm had revenue of $2.63 billion during the quarter, compared to analysts’ expectations of $2.59 billion. Motorola Solutions had a net margin of 14.04% and a return on equity of 337.36%. The company’s revenue was up 9.4% on a year-over-year basis. During the same period in the prior year, the company posted $2.41 EPS. On average, research analysts forecast that Motorola Solutions, Inc. will post 12.22 EPS for the current year.

Motorola Solutions Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Friday, September 13th were given a $0.98 dividend. The ex-dividend date of this dividend was Friday, September 13th. This represents a $3.92 dividend on an annualized basis and a dividend yield of 0.85%. Motorola Solutions’s dividend payout ratio (DPR) is presently 48.45%.

Insider Activity

In other news, COO John P. Molloy sold 23,985 shares of the firm’s stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $407.50, for a total transaction of $9,773,887.50. Following the completion of the transaction, the chief operating officer now directly owns 46,821 shares in the company, valued at $19,079,557.50. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 1.50% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Jefferies Financial Group upped their price objective on Motorola Solutions from $460.00 to $510.00 and gave the stock a “buy” rating in a research report on Tuesday, September 3rd. Bank of America increased their target price on shares of Motorola Solutions from $440.00 to $520.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. Barclays lifted their price target on shares of Motorola Solutions from $372.00 to $467.00 and gave the company an “overweight” rating in a report on Friday, August 2nd. Evercore ISI increased their price objective on shares of Motorola Solutions from $450.00 to $500.00 and gave the company an “outperform” rating in a research note on Friday, August 30th. Finally, JPMorgan Chase & Co. raised their target price on shares of Motorola Solutions from $436.00 to $440.00 and gave the company an “overweight” rating in a research report on Friday, August 2nd. Eight investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $479.50.

Motorola Solutions Profile

Motorola Solutions, Inc provides public safety and enterprise security solutions in the United States, the United Kingdom, Canada, and internationally. The company operates in two segments, Products and Systems Integration, and Software and Services. The Products and Systems Integration segment offers a portfolio of infrastructure, devices, accessories, and video security devices and infrastructure, as well as the implementation and integration of systems, devices, software, and applications for government, public safety, and commercial customers who operate private communications networks and video security solutions, as well as manage a mobile workforce.