Burney Co. Sells 12,496 Shares of Motorola Solutions, Inc. $MSI

Key Points

• Burney Co. cut its stake in Motorola Solutions by 46.4% in Q4, selling 12,496 shares and leaving 14,421 shares valued at about $5.53 million at quarter-end.
• Motorola beat Q4 estimates with EPS of $4.59 (vs. $4.35) and revenue up 12.3% to $3.38B, and analysts maintain an overall "Buy" view with an average target near $502.50 after several price-target raises.
• Insider selling has been notable — including CEO Cynthia Yazdi's sale of 7,000 shares — with 129,069 shares sold in the past 90 days (~$60.8M), even as institutions own about 84% of the stock; the company also pays a $1.21 quarterly dividend (1.1% yield).

Burney Co. cut its holdings in Motorola Solutions, Inc. (NYSE:MSI - Free Report) by 46.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,421 shares of the communications equipment provider's stock after selling 12,496 shares during the quarter. Burney Co.'s holdings in Motorola Solutions were worth $5,528,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in MSI. Revolve Wealth Partners LLC bought a new position in Motorola Solutions in the 4th quarter valued at approximately $208,000. Sivia Capital Partners LLC bought a new position in Motorola Solutions in the 2nd quarter valued at approximately $210,000. HUB Investment Partners LLC lifted its position in Motorola Solutions by 38.7% in the 2nd quarter. HUB Investment Partners LLC now owns 2,540 shares of the communications equipment provider's stock valued at $1,068,000 after acquiring an additional 709 shares in the last quarter. Peapack Gladstone Financial Corp lifted its position in Motorola Solutions by 17.7% in the 2nd quarter. Peapack Gladstone Financial Corp now owns 16,279 shares of the communications equipment provider's stock valued at $6,845,000 after acquiring an additional 2,450 shares in the last quarter. Finally, Diversify Advisory Services LLC bought a new position in Motorola Solutions in the 2nd quarter valued at approximately $891,000. 84.17% of the stock is owned by institutional investors.

Motorola Solutions Price Performance

Shares of MSI opened at $433.74 on Monday. The firm has a market cap of $72.09 billion, a PE ratio of 33.99, a P/E/G ratio of 3.03 and a beta of 0.99. The company has a current ratio of 1.04, a quick ratio of 0.87 and a debt-to-equity ratio of 3.47. The firm has a fifty day simple moving average of $450.75 and a two-hundred day simple moving average of $418.72. Motorola Solutions, Inc. has a 1-year low of $359.36 and a 1-year high of $492.22.

Motorola Solutions (NYSE:MSI - Get Free Report) last announced its earnings results on Wednesday, February 11th. The communications equipment provider reported $4.59 earnings per share for the quarter, beating analysts' consensus estimates of $4.35 by $0.24. The business had revenue of $3.38 billion during the quarter, compared to analyst estimates of $3.34 billion. Motorola Solutions had a net margin of 18.44% and a return on equity of 110.75%. The company's quarterly revenue was up 12.3% compared to the same quarter last year. During the same period in the previous year, the business earned $4.04 EPS. On average, equities analysts anticipate that Motorola Solutions, Inc. will post 13.55 EPS for the current year.

Motorola Solutions Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Friday, March 20th will be paid a dividend of $1.21 per share. The ex-dividend date is Friday, March 20th. This represents a $4.84 dividend on an annualized basis and a yield of 1.1%. Motorola Solutions's payout ratio is currently 37.93%.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on MSI shares. JPMorgan Chase & Co. upped their price objective on Motorola Solutions from $515.00 to $520.00 and gave the company an "overweight" rating in a research report on Thursday, February 12th. Barclays upped their price objective on Motorola Solutions from $495.00 to $506.00 and gave the company an "overweight" rating in a research report on Thursday, February 12th. Morgan Stanley reaffirmed an "overweight" rating and issued a $470.00 price objective on shares of Motorola Solutions in a research report on Thursday, February 12th. Weiss Ratings upgraded shares of Motorola Solutions from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Monday, March 2nd. Finally, Piper Sandler reiterated 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. Two investment analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Buy" and an average target price of $502.50.

Insider Buying and Selling at Motorola Solutions

In other news, 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 value of $204,032.08. Following the completion of the sale, the director directly owned 7,153 shares in the company, valued at $3,362,768.36. This represents a 5.72% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Cynthia Yazdi sold 7,000 shares of the company's stock in a transaction on Thursday, February 26th. The stock was sold at an average price of $471.01, for a total value of $3,297,070.00. Following the completion of the sale, the chief executive officer owned 9,529 shares of the company's stock, valued at $4,488,254.29. This trade represents a 42.35% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 129,069 shares of company stock worth $60,779,964. Insiders own 1.44% of the company's stock.

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.

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