Core Alternative Capital Acquires Shares of 6,373 Motorola Solutions, Inc. $MSI

Key Points

• Core Alternative Capital acquired a new stake of 6,373 shares in Motorola Solutions in Q4, valued at about $2.44 million, and institutional investors now own roughly 84.17% of the stock.
• Motorola Solutions beat Q4 expectations with $4.59 EPS (vs. $4.35 est.) and revenue of $3.38 billion (up 12.3% YoY), while analysts have been upgrading the stock to a consensus "Buy" and an average target of $502.50.
• Insider selling has been substantial recently — insiders disposed of 129,069 shares (~$60.8M) over the last 90 days, including significant sales by the CEO that materially reduced their holdings.

Core Alternative Capital acquired a new stake in shares of Motorola Solutions, Inc. (NYSE:MSI - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 6,373 shares of the communications equipment provider's stock, valued at approximately $2,443,000.

Other institutional investors have also added to or reduced their stakes in the company. Orion Capital Management LLC acquired a new position in Motorola Solutions during the third quarter valued at approximately $25,000. United Community Bank raised its position in Motorola Solutions by 81.3% during the third quarter. United Community Bank now owns 58 shares of the communications equipment provider's stock valued at $27,000 after purchasing an additional 26 shares in the last quarter. Strategic Advocates LLC acquired a new position in Motorola Solutions during the third quarter valued at approximately $28,000. JPL Wealth Management LLC acquired a new position in Motorola Solutions during the third quarter valued at approximately $31,000. Finally, Harbor Investment Advisory LLC increased its holdings in shares of Motorola Solutions by 45.8% during the fourth quarter. Harbor Investment Advisory LLC now owns 86 shares of the communications equipment provider's stock worth $33,000 after buying an additional 27 shares in the last quarter. 84.17% of the stock is currently owned by institutional investors and hedge funds.

Motorola Solutions Stock Performance

Shares of Motorola Solutions stock opened at $436.05 on Friday. 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. The stock has a market cap of $72.47 billion, a price-to-earnings ratio of 34.17, a P/E/G ratio of 3.04 and a beta of 0.93. The company's fifty day moving average is $452.44 and its 200 day moving average is $417.40.

Motorola Solutions (NYSE:MSI - Get Free Report) last issued its quarterly earnings data on Wednesday, February 11th. The communications equipment provider reported $4.59 earnings per share 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 for the quarter, compared to analysts' expectations of $3.34 billion. During the same quarter in the previous year, the firm posted $4.04 earnings per share. Motorola Solutions's revenue for the quarter was up 12.3% on a year-over-year basis. Sell-side analysts forecast that Motorola Solutions, Inc. will post 15.25 EPS for the current year.

Motorola Solutions Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Investors of record on Friday, March 20th were paid a $1.21 dividend. The ex-dividend date of this dividend was Friday, March 20th. This represents a $4.84 annualized dividend and a dividend yield of 1.1%. Motorola Solutions's payout ratio is currently 37.93%.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. Weiss Ratings upgraded shares of Motorola Solutions from a "hold (c+)" rating to a "buy (b-)" rating in a report on Monday, March 2nd. Argus upgraded shares of Motorola Solutions to a "strong-buy" rating in a report on Friday, February 13th. Barclays upped their price target on shares of Motorola Solutions from $495.00 to $506.00 and gave the stock an "overweight" rating in a report on Thursday, February 12th. JPMorgan Chase & Co. upped their price target on shares of Motorola Solutions from $515.00 to $520.00 and gave the stock an "overweight" rating in a report on Thursday, February 12th. Finally, Truist Financial assumed coverage on shares of Motorola Solutions in a report on Tuesday, March 31st. They set a "buy" rating and a $540.00 price target for the company. Two research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Buy" and an average target price of $502.50.

Insider Buying and Selling

In related news, CEO Cynthia Yazdi sold 7,000 shares of the business'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 sale, the chief executive officer owned 9,529 shares of the company's stock, valued at $4,488,254.29. The trade was a 42.35% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Gregory Q. Brown sold 28,435 shares of the business's stock in a transaction on Wednesday, March 4th. The stock was sold at an average price of $477.95, for a total transaction of $13,590,508.25. Following the completion of the sale, the chief executive officer directly owned 90,721 shares in the company, valued at approximately $43,360,101.95. This represents a 23.86% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 129,069 shares of company stock valued at $60,779,964 over the last 90 days. 1.28% of the stock is owned by insiders.

Motorola Solutions Company 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.

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