Motorola Solutions, Inc. $MSI Shares Bought by Concurrent Investment Advisors LLC

Key Points

• Concurrent Investment Advisors LLC raised its stake in Motorola Solutions by 66% in Q4 and now owns 12,913 shares worth about $4.95 million after adding 5,132 shares.
• CEO Gregory Q. Brown sold 50,000 shares on Feb. 24 for roughly $23.4 million, and insiders have sold 129,069 shares totaling about $60.78 million over the past 90 days.
• Motorola beat estimates with Q earnings of $4.59 EPS (vs. $4.35) and $3.38B revenue (+12.3% YoY); analysts maintain a consensus "Buy" with an average price target near $502.50 and several firms raising targets.

Concurrent Investment Advisors LLC raised its position in Motorola Solutions, Inc. (NYSE:MSI - Free Report) by 66.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,913 shares of the communications equipment provider's stock after acquiring an additional 5,132 shares during the quarter. Concurrent Investment Advisors LLC's holdings in Motorola Solutions were worth $4,950,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Orion Capital Management LLC acquired a new stake in Motorola Solutions in the third quarter valued at approximately $25,000. United Community Bank grew its position in Motorola Solutions by 81.3% in the third quarter. United Community Bank now owns 58 shares of the communications equipment provider's stock valued at $27,000 after acquiring an additional 26 shares in the last quarter. Strategic Advocates LLC acquired a new stake in Motorola Solutions in the third quarter valued at approximately $28,000. JPL Wealth Management LLC acquired a new stake in Motorola Solutions in the third quarter valued at approximately $31,000. Finally, Field & Main Bank acquired a new stake in Motorola Solutions in the third quarter valued at approximately $35,000. Institutional investors and hedge funds own 84.17% of the company's stock.

Insider Buying and Selling

In related news, 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 transaction, the chief executive officer directly owned 47,167 shares in the company, valued at $22,078,401.03. This trade represents a 51.46% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Kenneth D. Denman sold 434 shares of the firm'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 transaction, the director owned 7,153 shares in the company, valued at $3,362,768.36. This trade represents a 5.72% 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 over the last ninety days. 1.28% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

MSI has been the subject of a number of recent analyst reports. Morgan Stanley reissued an "overweight" rating and set a $470.00 price target on shares of Motorola Solutions in a research report on Thursday, February 12th. Wall Street Zen downgraded shares of Motorola Solutions from a "buy" rating to a "hold" rating in a research report on Sunday. 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 research report on Thursday, February 12th. Finally, Barclays raised their price target on shares of Motorola Solutions from $495.00 to $506.00 and gave the stock an "overweight" rating in a research report on Thursday, February 12th. Two research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Buy" and an average price target of $502.50.

Motorola Solutions Stock Up 0.1%

MSI stock opened at $438.50 on Monday. The firm has a 50 day simple moving average of $454.23 and a 200-day simple moving average of $417.75. Motorola Solutions, Inc. has a twelve month low of $359.36 and a twelve month high of $492.22. The company has a market capitalization of $72.88 billion, a P/E ratio of 34.37, a PEG ratio of 3.06 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.

Motorola Solutions (NYSE:MSI - Get Free Report) last announced its quarterly earnings data on Wednesday, February 11th. The communications equipment provider reported $4.59 earnings per share (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 firm had revenue of $3.38 billion for the quarter, compared to analysts' expectations of $3.34 billion. During the same period last year, the business posted $4.04 earnings per share. The firm's revenue for the quarter was up 12.3% on a year-over-year basis. On average, equities research analysts predict that Motorola Solutions, Inc. will post 15.25 earnings per share for the current fiscal year.

Motorola Solutions Announces Dividend

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

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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