Vinva Investment Management Ltd Sells 3,801 Shares of Motorola Solutions, Inc. $MSI

Key Points

• Vinva Investment Management reduced its Motorola Solutions stake by 44.1% in Q3, selling 3,801 shares and leaving 4,815 shares valued at about $2.19 million.
• Significant insider selling has occurred recently: CEO Gregory Q. Brown sold 50,000 shares for roughly $23.4 million, and insiders collectively sold 129,069 shares (~$60.78 million) in the last 90 days.
• Fundamentals and sentiment: Motorola beat quarterly EPS and revenue estimates (EPS $4.59 vs. $4.35; revenue up 12.3%), announced a $1.21 quarterly dividend (1.1% yield), and carries a consensus "Buy" rating with an average price target near $497.

Vinva Investment Management Ltd reduced its stake in shares of Motorola Solutions, Inc. (NYSE:MSI - Free Report) by 44.1% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 4,815 shares of the communications equipment provider's stock after selling 3,801 shares during the quarter. Vinva Investment Management Ltd's holdings in Motorola Solutions were worth $2,187,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the stock. Valeo Financial Advisors LLC grew its stake in 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 buying an additional 21 shares in the last quarter. Advisors Capital Management LLC raised its position in shares of Motorola Solutions by 1.0% in the 2nd quarter. Advisors Capital Management LLC now owns 2,452 shares of the communications equipment provider's stock valued at $1,031,000 after buying an additional 24 shares in the last quarter. Kingsview Wealth Management LLC raised its position in shares of Motorola Solutions by 0.3% in the 2nd quarter. Kingsview Wealth Management LLC now owns 9,115 shares of the communications equipment provider's stock valued at $3,833,000 after buying an additional 24 shares in the last quarter. Rexford Capital Inc. lifted its holdings in shares of Motorola Solutions by 0.6% during the 3rd quarter. Rexford Capital Inc. now owns 3,893 shares of the communications equipment provider's stock worth $1,780,000 after acquiring an additional 24 shares during the period. Finally, Pinnacle Wealth Management Advisory Group LLC lifted its holdings in shares of Motorola Solutions by 3.7% during the 2nd quarter. Pinnacle Wealth Management Advisory Group LLC now owns 701 shares of the communications equipment provider's stock worth $295,000 after acquiring an additional 25 shares during the period. Institutional investors own 84.17% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. Morgan Stanley reissued an "overweight" rating and issued a $470.00 price objective on shares of Motorola Solutions in a research note on Thursday, February 12th. Argus upgraded Motorola Solutions to a "strong-buy" rating in a research note on Friday, February 13th. JPMorgan Chase & Co. raised their target price on Motorola Solutions from $515.00 to $520.00 and gave the company an "overweight" rating in a report on Thursday, February 12th. Piper Sandler reiterated an "overweight" rating and issued a $499.00 price target (up from $443.00) on shares of Motorola Solutions in a research note on Thursday, February 12th. Finally, Barclays boosted their price target on Motorola Solutions from $495.00 to $506.00 and gave the stock an "overweight" rating in a report on Thursday, February 12th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and one has issued a Hold rating to the company's stock. According to data from MarketBeat, Motorola Solutions has an average rating of "Buy" and an average price target of $497.14.

Motorola Solutions Trading Down 0.7%

Shares of Motorola Solutions stock opened at $457.75 on Tuesday. The firm has a market capitalization of $75.83 billion, a PE ratio of 35.87, a price-to-earnings-growth ratio of 3.23 and a beta of 0.96. The company has a current ratio of 1.04, a quick ratio of 0.87 and a debt-to-equity ratio of 3.47. The firm's 50 day moving average is $422.57 and its 200 day moving average is $422.62. Motorola Solutions, Inc. has a 1 year low of $359.36 and a 1 year high of $492.22.

Motorola Solutions (NYSE:MSI - Get Free Report) last issued its quarterly earnings data on Wednesday, February 11th. The communications equipment provider reported $4.59 EPS for the quarter, beating the consensus estimate of $4.35 by $0.24. Motorola Solutions had a net margin of 18.44% and a return on equity of 110.75%. The business had revenue of $3.38 billion during the quarter, compared to the consensus estimate of $3.34 billion. During the same quarter in the prior year, the firm earned $4.04 EPS. The firm's revenue was up 12.3% compared to the same quarter last year. Equities research analysts forecast that Motorola Solutions, Inc. will post 13.55 earnings per share for the current fiscal year.

Motorola Solutions Dividend Announcement

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

Insider Activity

In related news, CEO Gregory Q. Brown sold 50,000 shares of the firm's stock in a transaction on Tuesday, February 24th. The stock was sold at an average price of $468.09, for a total transaction 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. This trade represents a 51.46% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 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 value of $3,297,070.00. Following the sale, the chief executive officer owned 9,529 shares in the company, valued at $4,488,254.29. This represents a 42.35% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 129,069 shares of company stock worth $60,779,964. Insiders own 1.44% of the company's stock.

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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