Procyon Advisors LLC Sells 3,150 Shares of Motorola Solutions, Inc. $MSI

Key Points

• Procyon Advisors LLC reduced its stake by 75.9% in Q4, selling 3,150 Motorola Solutions shares and leaving 1,002 shares worth $384,000.
• CEO Gregory Q. Brown sold 50,000 shares on Feb. 24 for about $23.4 million; insiders have sold 129,069 shares (~$60.78 million) in the past 90 days.
• Motorola beat quarterly estimates with EPS of $4.59 vs. $4.35 and revenue up 12.3% YoY to $3.38 billion, and announced a $1.21 quarterly dividend ($4.84 annual, 1.1% yield) payable April 15.

Procyon Advisors LLC lowered its holdings in shares of Motorola Solutions, Inc. (NYSE:MSI - Free Report) by 75.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,002 shares of the communications equipment provider's stock after selling 3,150 shares during the period. Procyon Advisors LLC's holdings in Motorola Solutions were worth $384,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Valeo Financial Advisors LLC boosted its position in shares of Motorola Solutions by 2.3% during the second quarter. Valeo Financial Advisors LLC now owns 944 shares of the communications equipment provider's stock worth $397,000 after acquiring an additional 21 shares during the last quarter. Rexford Capital Inc. increased its holdings in Motorola Solutions by 0.6% in the 3rd quarter. Rexford Capital Inc. now owns 3,893 shares of the communications equipment provider's stock valued at $1,780,000 after acquiring an additional 24 shares during the last quarter. SageView Advisory Group LLC lifted its stake in Motorola Solutions by 5.3% in the 2nd quarter. SageView Advisory Group LLC now owns 498 shares of the communications equipment provider's stock worth $214,000 after purchasing an additional 25 shares in the last quarter. Signaturefd LLC lifted its stake in Motorola Solutions by 0.9% in the 3rd quarter. Signaturefd LLC now owns 2,871 shares of the communications equipment provider's stock worth $1,313,000 after purchasing an additional 25 shares in the last quarter. Finally, CX Institutional boosted its holdings in shares of Motorola Solutions by 2.0% during the 3rd quarter. CX Institutional now owns 1,313 shares of the communications equipment provider's stock valued at $600,000 after purchasing an additional 26 shares during the last quarter. 84.17% of the stock is currently owned by institutional investors.

Motorola Solutions Stock Performance

NYSE MSI opened at $454.04 on Wednesday. The company has a market cap of $75.22 billion, a P/E ratio of 35.58, a P/E/G ratio of 3.19 and a beta of 0.96. The company has a debt-to-equity ratio of 3.47, a quick ratio of 0.87 and a current ratio of 1.04. The business's 50 day moving average price is $440.18 and its 200-day moving average price is $422.10. Motorola Solutions, Inc. has a fifty-two week low of $359.36 and a fifty-two week high of $492.22.

Motorola Solutions (NYSE:MSI - Get Free Report) last issued its quarterly earnings results on Wednesday, February 11th. The communications equipment provider reported $4.59 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.35 by $0.24. Motorola Solutions had a return on equity of 110.75% and a net margin of 18.44%.The company had revenue of $3.38 billion during the quarter, compared to the consensus estimate of $3.34 billion. During the same period last year, the company earned $4.04 earnings per share. Motorola Solutions's revenue was up 12.3% on a year-over-year basis. Sell-side analysts predict that Motorola Solutions, Inc. will post 13.55 earnings per share for the current year.

Motorola Solutions Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Friday, March 20th will be paid a dividend of $1.21 per share. The ex-dividend date of this dividend is Friday, March 20th. This represents a $4.84 dividend on an annualized basis and a dividend yield of 1.1%. Motorola Solutions's payout ratio is currently 37.93%.

Insider Activity at Motorola Solutions

In related news, CEO Gregory Q. Brown sold 50,000 shares of the stock in a transaction dated 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 directly owned 47,167 shares of the company's stock, valued at $22,078,401.03. This represents a 51.46% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Kenneth D. Denman sold 434 shares of the firm's stock in a transaction dated Thursday, February 26th. The stock was sold at an average price of $470.12, for a total transaction of $204,032.08. Following the completion of the sale, the director directly owned 7,153 shares of the company's stock, valued at approximately $3,362,768.36. The trade was a 5.72% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 129,069 shares of company stock worth $60,779,964. Insiders own 1.44% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. JPMorgan Chase & Co. raised their price objective on Motorola Solutions from $515.00 to $520.00 and gave the company an "overweight" rating in a research report on Thursday, February 12th. Argus raised Motorola Solutions to a "strong-buy" rating in a research note on Friday, February 13th. Piper Sandler reiterated an "overweight" rating and set a $499.00 target price (up from $443.00) on shares of Motorola Solutions in a research report on Thursday, February 12th. Northcoast Research raised shares of Motorola Solutions from a "neutral" rating to a "buy" rating and set a $450.00 target price for the company in a report on Monday, December 1st. Finally, Barclays boosted their price target on shares of Motorola Solutions from $495.00 to $506.00 and gave the stock an "overweight" rating in a research report on Thursday, February 12th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Buy" and an average price target of $497.14.

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.

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