Accordant Advisory Group Inc Grows Stake in Motorola Solutions, Inc. (NYSE:MSI)

Accordant Advisory Group Inc increased its holdings in Motorola Solutions, Inc. (NYSE:MSI) by 52.5% during the third quarter, HoldingsChannel reports. The institutional investor owned 122 shares of the communications equipment provider’s stock after acquiring an additional 42 shares during the quarter. Accordant Advisory Group Inc’s holdings in Motorola Solutions were worth $55,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. MFA Wealth Advisors LLC bought a new position in Motorola Solutions in the 2nd quarter worth about $25,000. Beacon Capital Management LLC grew its holdings in shares of Motorola Solutions by 71.8% during the second quarter. Beacon Capital Management LLC now owns 67 shares of the communications equipment provider’s stock worth $26,000 after purchasing an additional 28 shares in the last quarter. LRI Investments LLC increased its position in shares of Motorola Solutions by 871.4% in the second quarter. LRI Investments LLC now owns 68 shares of the communications equipment provider’s stock worth $26,000 after purchasing an additional 61 shares during the last quarter. Crewe Advisors LLC purchased a new stake in Motorola Solutions in the first quarter valued at approximately $28,000. Finally, Triad Wealth Partners LLC bought a new stake in Motorola Solutions during the second quarter valued at approximately $29,000. Institutional investors own 84.17% of the company’s stock.

Analysts Set New Price Targets

MSI has been the topic of a number of research analyst reports. Barclays increased their price target on shares of Motorola Solutions from $372.00 to $467.00 and gave the stock an “overweight” rating in a report on Friday, August 2nd. Bank of America raised their price target on Motorola Solutions from $370.00 to $440.00 and gave the company a “buy” rating in a research report on Thursday, July 18th. Deutsche Bank Aktiengesellschaft upped their price objective on Motorola Solutions from $385.00 to $440.00 and gave the stock a “buy” rating in a report on Tuesday, August 6th. Evercore ISI boosted their target price on Motorola Solutions from $450.00 to $500.00 and gave the stock an “outperform” rating in a research report on Friday, August 30th. Finally, Jefferies Financial Group increased their price target on shares of Motorola Solutions from $460.00 to $510.00 and gave the company a “buy” rating in a research report on Tuesday, September 3rd. Eight equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $466.17.

Insider Transactions at Motorola Solutions

In related news, COO John P. Molloy sold 23,985 shares of the business’s stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $407.50, for a total transaction of $9,773,887.50. Following the transaction, the chief operating officer now owns 46,821 shares in the company, valued at $19,079,557.50. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.50% of the stock is currently owned by company insiders.

Motorola Solutions Price Performance

MSI opened at $470.11 on Wednesday. The company has a debt-to-equity ratio of 7.03, a current ratio of 1.20 and a quick ratio of 1.03. The stock’s 50 day simple moving average is $445.43 and its 200 day simple moving average is $399.04. The firm has a market cap of $78.41 billion, a price-to-earnings ratio of 58.11, a PEG ratio of 4.07 and a beta of 0.97. Motorola Solutions, Inc. has a 1 year low of $271.73 and a 1 year high of $480.28.

Motorola Solutions (NYSE:MSI) last issued its earnings results on Thursday, August 1st. The communications equipment provider reported $3.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.01 by $0.23. Motorola Solutions had a net margin of 14.04% and a return on equity of 337.36%. The firm had revenue of $2.63 billion for the quarter, compared to analysts’ expectations of $2.59 billion. During the same quarter last year, the business earned $2.41 earnings per share. The business’s revenue was up 9.4% on a year-over-year basis. As a group, analysts predict that Motorola Solutions, Inc. will post 12.22 earnings per share for the current year.

Motorola Solutions Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Friday, September 13th were paid a dividend of $0.98 per share. This represents a $3.92 annualized dividend and a dividend yield of 0.83%. The ex-dividend date was Friday, September 13th. Motorola Solutions’s dividend payout ratio (DPR) is 48.45%.

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.