962 Shares in Motorola Solutions, Inc. (NYSE:MSI) Purchased by OneAscent Family Office LLC

OneAscent Family Office LLC acquired a new stake in shares of Motorola Solutions, Inc. (NYSE:MSI - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 962 shares of the communications equipment provider's stock, valued at approximately $422,000.

Other hedge funds have also bought and sold shares of the company. ORG Wealth Partners LLC grew its holdings in shares of Motorola Solutions by 346.2% in the first quarter. ORG Wealth Partners LLC now owns 58 shares of the communications equipment provider's stock valued at $25,000 after purchasing an additional 45 shares in the last quarter. Meeder Asset Management Inc. purchased a new position in Motorola Solutions in the 4th quarter valued at about $32,000. Fourth Dimension Wealth LLC acquired a new stake in Motorola Solutions during the 4th quarter worth approximately $34,000. Community Bank N.A. acquired a new stake in Motorola Solutions in the first quarter valued at approximately $32,000. Finally, Fort Vancouver Investment Management LLC acquired a new stake in shares of Motorola Solutions during the first quarter worth approximately $37,000. Hedge funds and other institutional investors own 84.17% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. 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 price objective on Motorola Solutions from $527.00 to $511.00 and set an "overweight" rating on the stock in a research report on Monday, May 5th. UBS Group initiated coverage on Motorola Solutions in a research report on Wednesday, July 16th. They issued a "buy" rating and a $490.00 price target on the stock. JPMorgan Chase & Co. lowered their price target on Motorola Solutions from $570.00 to $515.00 and set an "overweight" rating on the stock in a research report on Thursday, April 17th. Finally, William Blair reissued an "outperform" rating on shares of Motorola Solutions in a report on Wednesday, May 28th. Three analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $510.67.

Insider Buying and Selling

In other news, CAO Katherine A. Maher sold 1,073 shares of the stock in a transaction dated Thursday, May 29th. The shares were sold at an average price of $418.68, for a total value of $449,243.64. Following the completion of the transaction, the chief accounting officer owned 804 shares of the company's stock, valued at approximately $336,618.72. This represents a 57.17% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.44% of the company's stock.

Motorola Solutions Stock Performance

Shares of MSI stock traded up $1.92 during mid-day trading on Wednesday, hitting $423.19. The stock had a trading volume of 153,137 shares, compared to its average volume of 828,241. The company has a debt-to-equity ratio of 3.42, a current ratio of 1.20 and a quick ratio of 1.03. Motorola Solutions, Inc. has a fifty-two week low of $385.17 and a fifty-two week high of $507.82. The company's 50-day simple moving average is $416.94 and its 200-day simple moving average is $430.26. The firm has a market cap of $70.64 billion, a PE ratio of 35.34, a PEG ratio of 3.62 and a beta of 0.95.

Motorola Solutions (NYSE:MSI - Get Free Report) last posted its earnings results on Thursday, May 1st. The communications equipment provider reported $3.18 EPS for the quarter, topping analysts' consensus estimates of $3.01 by $0.17. Motorola Solutions had a net margin of 18.67% and a return on equity of 160.93%. The business had revenue of $2.53 billion for the quarter, compared to analysts' expectations of $2.52 billion. During the same period in the previous year, the company posted $2.81 earnings per share. The business's revenue for the quarter was up 5.8% compared to the same quarter last year. Sell-side analysts anticipate that Motorola Solutions, Inc. will post 13.55 earnings per share for the current year.

Motorola Solutions Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Friday, June 13th were given a dividend of $1.09 per share. The ex-dividend date of this dividend was Friday, June 13th. This represents a $4.36 annualized dividend and a dividend yield of 1.03%. Motorola Solutions's payout ratio is currently 36.39%.

About Motorola Solutions

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.