Massachusetts Financial Services Co. MA Has $65.65 Million Stock Holdings in Motorola Solutions, Inc. $MSI

Key Points

• Massachusetts Financial Services Co. MA trimmed its stake in Motorola Solutions by 8.3% to 171,277 shares, representing about 0.10% of the company and valued at $65.65 million per its most recent SEC filing.
• Corporate insiders engaged in heavy selling last quarter — including CEO Cynthia Yazdi and Gregory Q. Brown — with insiders offloading 129,069 shares worth $60.78 million, reducing insider ownership to 1.28%.
• Analyst sentiment is largely positive: Motorola Solutions carries an average rating of "Buy" and a consensus price target of $502.50, amid several recent upgrades and higher price targets.

Massachusetts Financial Services Co. MA trimmed its position in shares of Motorola Solutions, Inc. (NYSE:MSI - Free Report) by 8.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 171,277 shares of the communications equipment provider's stock after selling 15,425 shares during the quarter. Massachusetts Financial Services Co. MA owned approximately 0.10% of Motorola Solutions worth $65,654,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in MSI. Orion Capital Management LLC bought a new stake in shares of Motorola Solutions in the third quarter worth $25,000. United Community Bank raised its position in Motorola Solutions by 81.3% during the 3rd quarter. United Community Bank now owns 58 shares of the communications equipment provider's stock worth $27,000 after purchasing an additional 26 shares during the last quarter. Strategic Advocates LLC bought a new position in Motorola Solutions during the 3rd quarter worth $28,000. JPL Wealth Management LLC acquired a new position in Motorola Solutions during the 3rd quarter worth about $31,000. Finally, Halbert Hargrove Global Advisors LLC bought a new stake in shares of Motorola Solutions in the 3rd quarter valued at about $33,000. 84.17% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Motorola Solutions

In related news, CEO Cynthia Yazdi sold 7,000 shares of the stock in a transaction on Thursday, February 26th. The shares were sold at an average price of $471.01, for a total transaction of $3,297,070.00. Following the transaction, the chief executive officer directly owned 9,529 shares of the company's stock, valued at $4,488,254.29. This represents a 42.35% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Gregory Q. Brown sold 50,000 shares of the firm's stock in a transaction on Tuesday, February 24th. The stock was sold at an average price of $468.09, for a total transaction of $23,404,500.00. Following the completion of the sale, the chief executive officer owned 47,167 shares of the company's stock, valued at $22,078,401.03. The trade was a 51.46% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 129,069 shares of company stock worth $60,779,964 in the last quarter. Company insiders own 1.28% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on MSI. Truist Financial initiated coverage on Motorola Solutions in a research note on Tuesday, March 31st. They issued a "buy" rating and a $540.00 price target for the company. Barclays upped their target price on Motorola Solutions from $495.00 to $506.00 and gave the company an "overweight" rating in a report on Thursday, February 12th. Weiss Ratings raised shares of Motorola Solutions from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Monday, March 2nd. JPMorgan Chase & Co. raised 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, Piper Sandler restated an "overweight" rating and issued a $499.00 price target (up from $443.00) on shares of Motorola Solutions in a research report on Thursday, February 12th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and one has issued a Hold rating to the company's stock. According to data from MarketBeat.com, Motorola Solutions currently has an average rating of "Buy" and a consensus price target of $502.50.

Motorola Solutions Stock Up 0.1%

Shares of NYSE:MSI opened at $440.21 on Wednesday. Motorola Solutions, Inc. has a 1 year low of $359.36 and a 1 year high of $492.22. The company has a debt-to-equity ratio of 3.47, a current ratio of 1.04 and a quick ratio of 0.87. The business's 50-day moving average is $452.07 and its 200-day moving average is $418.49. The company has a market capitalization of $73.16 billion, a price-to-earnings ratio of 34.50, a P/E/G ratio of 3.07 and a beta of 0.99.

Motorola Solutions (NYSE:MSI - Get Free Report) last released its earnings results on Wednesday, February 11th. The communications equipment provider reported $4.59 EPS for the quarter, topping the consensus estimate of $4.35 by $0.24. Motorola Solutions had a return on equity of 110.75% and a net margin of 18.44%.The business had revenue of $3.38 billion during the quarter, compared to analysts' expectations of $3.34 billion. During the same quarter last year, the firm posted $4.04 earnings per share. The firm's revenue was up 12.3% on a year-over-year basis. Equities research analysts predict that Motorola Solutions, Inc. will post 13.55 earnings per share for the current year.

Motorola Solutions Announces Dividend

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

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.

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