Obermeyer Wealth Partners Acquires 39,613 Shares of Motorola Solutions, Inc. $MSI

Key Points

• Obermeyer Wealth Partners increased its Motorola Solutions stake by 409.4% in Q4, adding 39,613 shares to hold 49,290 shares worth about $18.9 million, while institutional ownership stands at 84.17% and several large funds also materially boosted positions.
• Motorola Solutions beat expectations for the most recent quarter with EPS $4.59 vs. $4.35 and revenue of $3.38 billion (up 12.3% YoY), and analysts have largely upgraded ratings—the consensus is a "Buy" with an average price target near $502.50.
• Insiders sold shares recently (including CEO Gregory Brown's 50,000-share sale), totaling 129,069 shares (~$60.8M) last quarter; the company also pays a $1.21 quarterly dividend (annual $4.84, ~1.1% yield).

Obermeyer Wealth Partners grew its holdings in Motorola Solutions, Inc. (NYSE:MSI - Free Report) by 409.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 49,290 shares of the communications equipment provider's stock after purchasing an additional 39,613 shares during the quarter. Obermeyer Wealth Partners' holdings in Motorola Solutions were worth $18,894,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of MSI. Ninety One UK Ltd boosted its stake in shares of Motorola Solutions by 74.3% in the 4th quarter. Ninety One UK Ltd now owns 1,338,589 shares of the communications equipment provider's stock valued at $513,108,000 after purchasing an additional 570,712 shares during the last quarter. Capital World Investors boosted its stake in shares of Motorola Solutions by 5.5% in the 3rd quarter. Capital World Investors now owns 9,386,519 shares of the communications equipment provider's stock valued at $4,292,310,000 after purchasing an additional 490,354 shares during the last quarter. Victory Capital Management Inc. boosted its stake in shares of Motorola Solutions by 56.6% in the 3rd quarter. Victory Capital Management Inc. now owns 1,203,661 shares of the communications equipment provider's stock valued at $550,422,000 after purchasing an additional 435,178 shares during the last quarter. Ameriprise Financial Inc. boosted its stake in shares of Motorola Solutions by 35.2% in the 2nd quarter. Ameriprise Financial Inc. now owns 1,355,159 shares of the communications equipment provider's stock valued at $568,930,000 after purchasing an additional 353,113 shares during the last quarter. Finally, SG Americas Securities LLC boosted its stake in shares of Motorola Solutions by 3,126.7% in the 4th quarter. SG Americas Securities LLC now owns 297,925 shares of the communications equipment provider's stock valued at $114,201,000 after purchasing an additional 288,692 shares during the last quarter. Institutional investors own 84.17% of the company's stock.

Motorola Solutions Stock Performance

Shares of MSI opened at $438.50 on Friday. The company has a debt-to-equity ratio of 3.47, a quick ratio of 0.87 and a current ratio of 1.04. Motorola Solutions, Inc. has a twelve month low of $359.36 and a twelve month high of $492.22. The firm's 50 day moving average price is $454.23 and its two-hundred day moving average price is $418.34. The firm has a market cap of $72.88 billion, a P/E ratio of 34.37, a PEG ratio of 3.09 and a beta of 0.99.

Motorola Solutions (NYSE:MSI - Get Free Report) last announced its quarterly earnings results on Wednesday, February 11th. The communications equipment provider reported $4.59 earnings per share for the quarter, beating analysts' consensus estimates of $4.35 by $0.24. Motorola Solutions had a net margin of 18.44% and a return on equity of 110.75%. The firm had revenue of $3.38 billion for the quarter, compared to analyst estimates of $3.34 billion. During the same quarter in the previous year, the firm posted $4.04 earnings per share. The business's revenue was up 12.3% on a year-over-year basis. On average, analysts forecast that Motorola Solutions, Inc. will post 15.25 EPS for the current fiscal year.

Motorola Solutions Dividend Announcement

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

Analyst Ratings Changes

MSI has been the subject of a number of analyst reports. Wall Street Zen upgraded shares of Motorola Solutions from a "hold" rating to a "buy" rating in a report on Saturday, April 18th. Argus upgraded shares of Motorola Solutions to a "strong-buy" rating in a report on Friday, February 13th. Piper Sandler restated an "overweight" rating and set a $499.00 price objective (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 set a "buy" rating and a $540.00 price objective for the company. Finally, Weiss Ratings upgraded shares of Motorola Solutions from a "hold (c+)" rating to a "buy (b-)" rating in a report on Monday, March 2nd. Two 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 stock. Based on data from MarketBeat, the stock currently has an average rating of "Buy" and an average price target of $502.50.

Insider Buying and Selling at Motorola Solutions

In other news, CEO Gregory Q. Brown sold 50,000 shares of the business's stock in a transaction on Tuesday, February 24th. The shares were sold at an average price of $468.09, for a total value of $23,404,500.00. Following 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 sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Cynthia Yazdi sold 7,000 shares of the business's stock in a transaction on Thursday, February 26th. The stock was sold at an average price of $471.01, for a total transaction of $3,297,070.00. Following the completion of the sale, 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 position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 129,069 shares of company stock valued at $60,779,964. 1.28% of the stock is currently owned by corporate insiders.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.