United Services Automobile Association Acquires New Stake in Motorola Solutions, Inc. $MSI

Key Points

• United Services Automobile Association acquired approximately $1.72 million in Motorola Solutions, Inc. stock, purchasing 3,979 shares during the first quarter of 2023.
• Motorola Solutions reported a quarterly profit of $3.57 EPS, exceeding analysts' expectations, alongside a 5.2% year-over-year revenue increase to $2.77 billion.
• Insider activity shows CEO Gregory Q. Brown sold over 82,000 shares, resulting in a 58.87% decrease in his ownership of the stock, while insiders have sold a total of 170,893 shares in the past 90 days.

United Services Automobile Association acquired a new stake in Motorola Solutions, Inc. (NYSE:MSI - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 3,979 shares of the communications equipment provider's stock, valued at approximately $1,723,000.

Other institutional investors have also bought and sold shares of the company. ORG Wealth Partners LLC lifted its stake in 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 during the last quarter. Saudi Central Bank purchased a new position in Motorola Solutions in the first quarter valued at approximately $29,000. Fourth Dimension Wealth LLC purchased a new position in Motorola Solutions in the fourth quarter valued at approximately $34,000. Community Bank N.A. purchased a new position in Motorola Solutions in the first quarter valued at approximately $32,000. Finally, Fort Vancouver Investment Management LLC purchased a new position in Motorola Solutions in the first quarter valued at approximately $37,000. Hedge funds and other institutional investors own 84.17% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on MSI shares. UBS Group boosted their target price on shares of Motorola Solutions from $490.00 to $510.00 and gave the company a "buy" rating in a report on Friday, August 8th. William Blair reissued an "outperform" rating on shares of Motorola Solutions in a report on Wednesday, May 28th. Evercore ISI boosted their target price on shares of Motorola Solutions from $500.00 to $525.00 and gave the company an "outperform" rating in a report on Friday, August 29th. Barclays lowered their target price on shares of Motorola Solutions from $511.00 to $509.00 and set an "overweight" rating on the stock in a report on Friday, August 8th. Finally, Wolfe Research started coverage on shares of Motorola Solutions in a report on Monday, July 7th. They set a "peer perform" rating on the stock. Eight investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $516.13.

Motorola Solutions Trading Up 0.1%

Shares of MSI stock opened at $479.08 on Monday. The company has a debt-to-equity ratio of 3.86, a quick ratio of 1.54 and a current ratio of 1.73. Motorola Solutions, Inc. has a 52-week low of $388.90 and a 52-week high of $507.82. The company has a market capitalization of $79.81 billion, a PE ratio of 38.57, a price-to-earnings-growth ratio of 3.83 and a beta of 0.96. The business's fifty day moving average is $442.88 and its 200 day moving average is $427.81.

Motorola Solutions (NYSE:MSI - Get Free Report) last issued its quarterly earnings data on Thursday, August 7th. The communications equipment provider reported $3.57 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.36 by $0.21. Motorola Solutions had a return on equity of 134.30% and a net margin of 19.08%.The company had revenue of $2.77 billion for the quarter, compared to the consensus estimate of $2.74 billion. During the same quarter last year, the business posted $3.24 earnings per share. The firm's revenue was up 5.2% compared to the same quarter last year. Motorola Solutions has set its Q3 2025 guidance at 3.820-3.870 EPS. FY 2025 guidance at 14.880-14.980 EPS. On average, equities research analysts anticipate that Motorola Solutions, Inc. will post 13.55 EPS for the current fiscal year.

Motorola Solutions Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Monday, September 15th will be paid a $0.0109 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 0.0%. The ex-dividend date of this dividend is Monday, September 15th. Motorola Solutions's dividend payout ratio is currently 35.10%.

Insider Activity at Motorola Solutions

In related news, CEO Gregory Q. Brown sold 82,765 shares of the stock in a transaction on Thursday, August 14th. The stock was sold at an average price of $463.05, for a total value of $38,324,333.25. Following the transaction, the chief executive officer owned 57,836 shares of the company's stock, valued at $26,780,959.80. This represents a 58.87% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO John P. Molloy sold 37,514 shares of the stock in a transaction on Thursday, August 21st. The shares were sold at an average price of $462.38, for a total value of $17,345,723.32. Following the completion of the transaction, the chief operating officer directly owned 59,328 shares in the company, valued at approximately $27,432,080.64. This represents a 38.74% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 170,893 shares of company stock valued at $79,372,103 over the last 90 days. 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.

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