Neo Ivy Capital Management Takes $564,000 Position in Motorola Solutions, Inc. (NYSE:MSI)

Key Points

• Neo Ivy Capital Management has purchased 1,288 shares of Motorola Solutions, valued at approximately $564,000, marking a new stake for the institutional investor.
• Motorola Solutions recently reported earnings per share (EPS) of $3.18, exceeding analysts' estimates of $3.01, with revenues reaching $2.53 billion for the quarter.
• The company declared a quarterly dividend of $1.09 per share, reflecting a 1.02% yield with a payout ratio of 36.39%.

Neo Ivy Capital Management acquired a new position in shares of Motorola Solutions, Inc. (NYSE:MSI - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 1,288 shares of the communications equipment provider's stock, valued at approximately $564,000.

Other large investors have also recently made changes to their positions in the company. Perennial Investment Advisors LLC boosted its holdings in Motorola Solutions by 14.4% in the fourth quarter. Perennial Investment Advisors LLC now owns 828 shares of the communications equipment provider's stock valued at $383,000 after purchasing an additional 104 shares in the last quarter. Revolve Wealth Partners LLC acquired a new stake in Motorola Solutions during the 4th quarter worth $208,000. Fox Run Management L.L.C. purchased a new stake in Motorola Solutions in the fourth quarter valued at $271,000. LPL Financial LLC boosted its stake in Motorola Solutions by 22.6% in the fourth quarter. LPL Financial LLC now owns 122,916 shares of the communications equipment provider's stock valued at $56,815,000 after acquiring an additional 22,675 shares in the last quarter. Finally, EntryPoint Capital LLC purchased a new position in shares of Motorola Solutions during the fourth quarter worth about $224,000. 84.17% of the stock is currently owned by hedge funds and other institutional investors.

Motorola Solutions Stock Performance

NYSE:MSI traded up $1.41 during mid-day trading on Wednesday, hitting $435.36. The stock had a trading volume of 203,848 shares, compared to its average volume of 883,304. Motorola Solutions, Inc. has a 52 week low of $388.90 and a 52 week high of $507.82. The company has a current ratio of 1.20, a quick ratio of 1.03 and a debt-to-equity ratio of 3.42. The stock has a market capitalization of $72.67 billion, a price-to-earnings ratio of 36.34, a P/E/G ratio of 3.70 and a beta of 0.95. The company has a 50 day simple moving average of $417.81 and a 200-day simple moving average of $428.86.

Motorola Solutions (NYSE:MSI - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The communications equipment provider reported $3.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.01 by $0.17. Motorola Solutions had a return on equity of 160.93% and a net margin of 18.67%. The business had revenue of $2.53 billion during the quarter, compared to the consensus estimate of $2.52 billion. During the same period in the previous year, the firm posted $2.81 earnings per share. The business's revenue was up 5.8% on a year-over-year basis. On average, research analysts expect that Motorola Solutions, Inc. will post 13.55 earnings per share for the current fiscal year.

Motorola Solutions Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Friday, June 13th were paid a dividend of $1.09 per share. This represents a $4.36 dividend on an annualized basis and a dividend yield of 1.00%. The ex-dividend date was Friday, June 13th. Motorola Solutions's dividend payout ratio is currently 36.39%.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on MSI shares. Wolfe Research assumed coverage on Motorola Solutions in a research note on Monday, July 7th. They issued a "peer perform" rating for the company. Barclays lowered their target price on shares of Motorola Solutions from $527.00 to $511.00 and set an "overweight" rating on the stock in a report on Monday, May 5th. JPMorgan Chase & Co. reduced their price objective on shares of Motorola Solutions from $570.00 to $515.00 and set an "overweight" rating for the company in a research report on Thursday, April 17th. UBS Group assumed coverage on Motorola Solutions in a report on Wednesday, July 16th. They issued a "buy" rating and a $490.00 price target for the company. Finally, William Blair reissued an "outperform" rating on shares of Motorola Solutions in a research report on Wednesday, May 28th. Three analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $510.67.

Insiders Place Their Bets

In other Motorola Solutions news, CAO Katherine A. Maher sold 1,073 shares of the firm's stock in a transaction dated Thursday, May 29th. The shares were sold at an average price of $418.68, for a total transaction of $449,243.64. Following the transaction, the chief accounting officer owned 804 shares of the company's stock, valued at approximately $336,618.72. This trade represents a 57.17% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.44% of the stock is owned by insiders.

Motorola Solutions Profile

Motorola Solutions, Inc provides public safety and enterprise security solutions in the United States, the United Kingdom, Canada, and internationally. The company operates in two segments, Products and Systems Integration, and Software and Services. The Products and Systems Integration segment offers a portfolio of infrastructure, devices, accessories, and video security devices and infrastructure, as well as the implementation and integration of systems, devices, software, and applications for government, public safety, and commercial customers who operate private communications networks and video security solutions, as well as manage a mobile workforce.