Motorola Solutions, Inc. $MSI Stock Holdings Reduced by Allspring Global Investments Holdings LLC

Key Points

• Allspring Global Investments cut its Motorola Solutions stake by 9.6% in the third quarter, selling 21,494 shares and ending the period with 202,253 shares valued at about $90.6 million.
• Motorola Solutions beat quarterly estimates, reporting EPS of $4.69 versus $4.42 expected and revenue of $3.38 billion, up 12.2% year over year. Analysts’ consensus rating was Buy, with an average price target of $545.70.
• The company paid a quarterly dividend of $1.21 per share, equivalent to an annualized yield of about 0.9%; meanwhile, its CEO and a senior vice president reported stock sales.

Allspring Global Investments Holdings LLC reduced its holdings in shares of Motorola Solutions, Inc. (NYSE:MSI - Free Report) by 9.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 202,253 shares of the communications equipment provider's stock after selling 21,494 shares during the period. Allspring Global Investments Holdings LLC owned about 0.12% of Motorola Solutions worth $90,615,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the business. Evelyn Partners Asset Management Ltd bought a new stake in Motorola Solutions in the first quarter valued at approximately $1,052,000. ProShare Advisors LLC boosted its stake in shares of Motorola Solutions by 8.5% during the third quarter. ProShare Advisors LLC now owns 49,900 shares of the communications equipment provider's stock valued at $22,254,000 after purchasing an additional 3,911 shares during the period. Mattern Capital Management LLC purchased a new stake in shares of Motorola Solutions during the first quarter valued at approximately $10,657,000. BNP Paribas boosted its stake in shares of Motorola Solutions by 10.8% during the second quarter. BNP Paribas now owns 29,636 shares of the communications equipment provider's stock valued at $12,307,000 after purchasing an additional 2,884 shares during the period. Finally, First Nebraska Trust Co bought a new position in shares of Motorola Solutions in the first quarter worth approximately $11,361,000. 84.17% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on MSI shares. Weiss Ratings raised shares of Motorola Solutions from a "buy (b-)" rating to a "buy (b)" rating in a research note on Thursday, October 8th. Raymond James Financial boosted their price target on Motorola Solutions from $530.00 to $550.00 in a report on Thursday, August 6th. Barclays upped their price target on Motorola Solutions from $529.00 to $598.00 and gave the company an "overweight" rating in a research report on Thursday, November 5th. UBS Group increased their price objective on Motorola Solutions from $520.00 to $570.00 and gave the stock a "buy" rating in a report on Thursday, November 5th. Finally, Bank of America reiterated a "buy" rating on shares of Motorola Solutions in a research report on Thursday, August 6th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, Motorola Solutions currently has a consensus rating of "Buy" and an average price target of $545.70.

Insider Activity

In other news, SVP Kathryn A. Moore sold 1,004 shares of the company's stock in a transaction that occurred on Friday, August 21st. The shares were sold at an average price of $476.96, for a total value of $478,867.84. Following the transaction, the senior vice president owned 1,282 shares in the company, valued at approximately $611,462.72. This represents a 43.92% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Gregory Brown sold 14,220 shares of the company's stock in a transaction dated Wednesday, September 2nd. The shares were sold at an average price of $485.22, for a total transaction of $6,899,828.40. Following the transaction, the chief executive officer owned 66,648 shares in the company, valued at $32,338,942.56. This represents a 17.58% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 1.28% of the company's stock.

Motorola Solutions Price Performance

Shares of NYSE MSI opened at $528.82 on Tuesday. Motorola Solutions, Inc. has a 1 year low of $359.36 and a 1 year high of $548.28. The company has a debt-to-equity ratio of 3.13, a current ratio of 1.10 and a quick ratio of 0.86. The company's 50-day moving average is $468.79 and its 200 day moving average is $442.54. The stock has a market capitalization of $87.51 billion, a P/E ratio of 32.76, a P/E/G ratio of 2.97 and a beta of 0.86.

Motorola Solutions (NYSE:MSI - Get Free Report) last issued its quarterly earnings data on Wednesday, November 4th. The communications equipment provider reported $4.69 EPS for the quarter, topping the consensus estimate of $4.42 by $0.27. Motorola Solutions had a net margin of 16.54% and a return on equity of 99.35%. The business had revenue of $3.38 billion during the quarter, compared to analyst estimates of $3.26 billion. During the same period last year, the business posted $4.06 earnings per share. Motorola Solutions's quarterly revenue was up 12.2% compared to the same quarter last year. On average, sell-side analysts expect that Motorola Solutions, Inc. will post 15.91 earnings per share for the current year.

Motorola Solutions Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 15th. Investors of record on Wednesday, September 16th were paid a dividend of $1.21 per share. The ex-dividend date of this dividend was Wednesday, September 16th. This represents a $4.84 annualized dividend and a yield of 0.9%. Motorola Solutions's payout ratio is presently 38.94%.

Motorola Solutions Company Profile

Motorola Solutions, Inc provides communications, software, video security and related services for public safety agencies and commercial and industrial organizations. Its products include two-way radios and land mobile radio systems, dispatch consoles, command center software, video surveillance systems and access control technology.

The company's offerings are designed to help customers coordinate communications, manage incidents and support security operations. Motorola Solutions also provides services such as system integration, maintenance and technical support.

Motorola Solutions serves customers around the world.

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