Motorola Solutions, Inc. $MSI Shares Sold by Oppenheimer Asset Management Inc.

Key Points

• Oppenheimer Asset Management cut its Motorola Solutions holdings by 58.5% in Q4, selling 11,289 shares and leaving the firm with 8,016 shares valued at about $3.07 million.
• Insiders have been net sellers — CEO Cynthia Yazdi sold 7,000 shares for roughly $3.3 million, and insiders sold a total of 129,069 shares worth about $60.78 million over the past three months, leaving insiders with just 1.28% ownership.
• Analyst sentiment is largely positive with an average rating of "Buy" and a mean price target of $502.50, and Motorola recently beat quarterly estimates with EPS of $4.59 and revenue of $3.38 billion (up 12.3% year‑over‑year).

Oppenheimer Asset Management Inc. cut its holdings in Motorola Solutions, Inc. (NYSE:MSI - Free Report) by 58.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 8,016 shares of the communications equipment provider's stock after selling 11,289 shares during the quarter. Oppenheimer Asset Management Inc.'s holdings in Motorola Solutions were worth $3,073,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of the business. Capital World Investors boosted its holdings in shares of Motorola Solutions by 5.5% in the third quarter. Capital World Investors now owns 9,386,519 shares of the communications equipment provider's stock valued at $4,292,310,000 after acquiring an additional 490,354 shares in the last quarter. Varma Mutual Pension Insurance Co boosted its holdings in shares of Motorola Solutions by 8.4% in the third quarter. Varma Mutual Pension Insurance Co now owns 29,701 shares of the communications equipment provider's stock valued at $13,582,000 after acquiring an additional 2,300 shares in the last quarter. Barden Capital Management Inc. purchased a new stake in shares of Motorola Solutions in the third quarter valued at about $1,462,000. Alps Advisors Inc. boosted its holdings in shares of Motorola Solutions by 180.3% in the third quarter. Alps Advisors Inc. now owns 19,899 shares of the communications equipment provider's stock valued at $9,100,000 after acquiring an additional 12,799 shares in the last quarter. Finally, Wealthfront Advisers LLC boosted its holdings in shares of Motorola Solutions by 28.0% in the third quarter. Wealthfront Advisers LLC now owns 15,802 shares of the communications equipment provider's stock valued at $7,226,000 after acquiring an additional 3,459 shares in the last quarter. 84.17% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Motorola Solutions news, CEO Cynthia Yazdi sold 7,000 shares of the company's stock in a transaction dated 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 in the company, valued at approximately $4,488,254.29. This represents a 42.35% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Kenneth D. Denman sold 434 shares of the company's stock in a transaction dated Thursday, February 26th. The stock was sold at an average price of $470.12, for a total transaction of $204,032.08. Following the transaction, the director owned 7,153 shares in the company, valued at $3,362,768.36. The trade was a 5.72% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 129,069 shares of company stock worth $60,779,964. 1.28% of the stock is owned by company insiders.

Analyst Ratings Changes

MSI has been the topic of several analyst reports. Piper Sandler reaffirmed an "overweight" rating and issued a $499.00 target price (up from $443.00) on shares of Motorola Solutions in a report on Thursday, February 12th. Truist Financial initiated coverage on shares of Motorola Solutions in a report on Tuesday, March 31st. They issued a "buy" rating and a $540.00 target price on the stock. Barclays lifted their target price on shares of Motorola Solutions from $495.00 to $506.00 and gave the company an "overweight" rating in a report on Thursday, February 12th. Morgan Stanley reaffirmed an "overweight" rating and issued a $470.00 target price on shares of Motorola Solutions in a report on Thursday, February 12th. Finally, Wall Street Zen downgraded shares of Motorola Solutions from a "buy" rating to a "hold" rating in a report on Sunday, April 26th. Two research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Buy" and an average price target of $502.50.

Motorola Solutions Trading Up 0.0%

Shares of MSI opened at $436.05 on Monday. 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's 50-day moving average is $452.44 and its two-hundred day moving average is $417.09. Motorola Solutions, Inc. has a twelve month low of $359.36 and a twelve month high of $492.22. The firm has a market capitalization of $72.47 billion, a P/E ratio of 34.17, a PEG ratio of 3.04 and a beta of 0.93.

Motorola Solutions (NYSE:MSI - Get Free Report) last issued its earnings results 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 analyst estimates of $3.34 billion. During the same period in the prior year, the business posted $4.04 earnings per share. The firm's revenue for the quarter was up 12.3% compared to the same quarter last year. On average, research analysts predict that Motorola Solutions, Inc. will post 15.25 earnings per share for the current fiscal year.

Motorola Solutions Dividend Announcement

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

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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