OneAscent Family Office LLC Makes New Investment in Motorola Solutions, Inc. (NYSE:MSI)

OneAscent Family Office LLC bought a new stake in shares of Motorola Solutions, Inc. (NYSE:MSI - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 962 shares of the communications equipment provider's stock, valued at approximately $422,000.

Several other institutional investors have also recently added to or reduced their stakes in MSI. Deseret Mutual Benefit Administrators lifted its position in Motorola Solutions by 5.4% in the first quarter. Deseret Mutual Benefit Administrators now owns 471 shares of the communications equipment provider's stock worth $206,000 after purchasing an additional 24 shares during the period. Prestige Wealth Management Group LLC lifted its holdings in shares of Motorola Solutions by 11.9% during the fourth quarter. Prestige Wealth Management Group LLC now owns 235 shares of the communications equipment provider's stock valued at $109,000 after acquiring an additional 25 shares during the period. Hazlett Burt & Watson Inc. grew its holdings in shares of Motorola Solutions by 22.5% in the 4th quarter. Hazlett Burt & Watson Inc. now owns 136 shares of the communications equipment provider's stock worth $63,000 after purchasing an additional 25 shares during the last quarter. Clark Capital Management Group Inc. grew its holdings in shares of Motorola Solutions by 4.3% in the 4th quarter. Clark Capital Management Group Inc. now owns 636 shares of the communications equipment provider's stock worth $294,000 after purchasing an additional 26 shares during the last quarter. Finally, Wesbanco Bank Inc. increased its stake in shares of Motorola Solutions by 2.0% in the first quarter. Wesbanco Bank Inc. now owns 1,315 shares of the communications equipment provider's stock valued at $576,000 after buying an additional 26 shares in the last quarter. Institutional investors own 84.17% of the company's stock.

Analysts Set New Price Targets

MSI has been the subject of a number of research reports. JPMorgan Chase & Co. lowered their price objective on Motorola Solutions from $570.00 to $515.00 and set an "overweight" rating for the company in a research report on Thursday, April 17th. Barclays lowered their price target 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. Wall Street Zen lowered Motorola Solutions from a "buy" rating to a "hold" rating in a report on Thursday, May 22nd. UBS Group started coverage on Motorola Solutions in a report on Wednesday, July 16th. They issued a "buy" rating and a $490.00 price objective on the stock. Finally, William Blair reiterated an "outperform" rating on shares of Motorola Solutions in a research report on Wednesday, May 28th. Three research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $510.67.

Motorola Solutions Trading Down 0.1%

Shares of MSI stock traded down $0.45 on Tuesday, hitting $420.46. The company had a trading volume of 219,077 shares, compared to its average volume of 828,722. The firm has a market cap of $70.18 billion, a P/E ratio of 35.10, a P/E/G ratio of 3.62 and a beta of 0.95. The stock's 50-day moving average is $416.94 and its two-hundred day moving average is $430.26. The company has a debt-to-equity ratio of 3.42, a quick ratio of 1.03 and a current ratio of 1.20. Motorola Solutions, Inc. has a twelve month low of $385.17 and a twelve month high of $507.82.

Motorola Solutions (NYSE:MSI - Get Free Report) last released its earnings results on Thursday, May 1st. The communications equipment provider reported $3.18 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 analysts' expectations of $2.52 billion. During the same quarter last year, the firm posted $2.81 earnings per share. The firm's revenue was up 5.8% on a year-over-year basis. On average, equities research analysts anticipate that Motorola Solutions, Inc. will post 13.55 earnings per share for the current fiscal year.

Motorola Solutions Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Friday, June 13th were issued a dividend of $1.09 per share. The ex-dividend date was Friday, June 13th. This represents a $4.36 dividend on an annualized basis and a yield of 1.04%. Motorola Solutions's dividend payout ratio (DPR) is currently 36.39%.

Insider Activity

In other news, CAO Katherine A. Maher sold 1,073 shares of Motorola Solutions stock in a transaction on Thursday, May 29th. The stock was 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 directly owned 804 shares in the company, valued at approximately $336,618.72. The trade was a 57.17% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.44% of the stock is currently owned by insiders.

Motorola Solutions Company 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.