Simplicity Wealth LLC Takes $1.02 Million Position in Motorola Solutions, Inc. (NYSE:MSI)

Simplicity Wealth LLC acquired a new stake in Motorola Solutions, Inc. (NYSE:MSI) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,879 shares of the communications equipment provider’s stock, valued at approximately $1,022,000.

Several other hedge funds also recently added to or reduced their stakes in MSI. Private Wealth Management Group LLC purchased a new position in shares of Motorola Solutions during the 4th quarter worth $29,000. Rise Advisors LLC acquired a new stake in shares of Motorola Solutions during the first quarter valued at about $29,000. Northwest Capital Management Inc boosted its position in shares of Motorola Solutions by 71.4% during the 4th quarter. Northwest Capital Management Inc now owns 96 shares of the communications equipment provider’s stock worth $30,000 after purchasing an additional 40 shares during the period. Motco increased its holdings in Motorola Solutions by 137.5% in the 4th quarter. Motco now owns 95 shares of the communications equipment provider’s stock valued at $30,000 after purchasing an additional 55 shares during the last quarter. Finally, Hexagon Capital Partners LLC raised its position in Motorola Solutions by 78.7% in the first quarter. Hexagon Capital Partners LLC now owns 84 shares of the communications equipment provider’s stock valued at $30,000 after purchasing an additional 37 shares during the period. 84.17% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, SVP Cynthia Yazdi sold 4,744 shares of the business’s stock in a transaction on Friday, March 1st. The shares were sold at an average price of $334.30, for a total value of $1,585,919.20. Following the completion of the sale, the senior vice president now directly owns 8,858 shares of the company’s stock, valued at $2,961,229.40. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In other news, SVP James A. Niewiara sold 810 shares of Motorola Solutions stock in a transaction on Tuesday, May 7th. The shares were sold at an average price of $358.09, for a total value of $290,052.90. Following the transaction, the senior vice president now directly owns 12,986 shares of the company’s stock, valued at approximately $4,650,156.74. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Cynthia Yazdi sold 4,744 shares of the stock in a transaction on Friday, March 1st. The stock was sold at an average price of $334.30, for a total transaction of $1,585,919.20. Following the sale, the senior vice president now owns 8,858 shares of the company’s stock, valued at approximately $2,961,229.40. The disclosure for this sale can be found here. In the last quarter, insiders sold 8,169 shares of company stock worth $2,803,460. Corporate insiders own 1.26% of the company’s stock.

Motorola Solutions Stock Up 0.4 %

Shares of MSI traded up $1.39 during mid-day trading on Tuesday, reaching $369.82. The company’s stock had a trading volume of 607,209 shares, compared to its average volume of 663,963. The company’s 50 day moving average is $350.15 and its 200 day moving average is $331.19. The stock has a market cap of $61.69 billion, a PE ratio of 45.71, a price-to-earnings-growth ratio of 3.23 and a beta of 0.91. Motorola Solutions, Inc. has a 12-month low of $269.64 and a 12-month high of $370.62. The company has a debt-to-equity ratio of 11.16, a current ratio of 1.19 and a quick ratio of 1.01.

Motorola Solutions Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Friday, June 14th will be given a dividend of $0.98 per share. The ex-dividend date is Friday, June 14th. This represents a $3.92 annualized dividend and a dividend yield of 1.06%. Motorola Solutions’s dividend payout ratio is presently 48.45%.

Wall Street Analyst Weigh In

Several research firms have recently commented on MSI. JPMorgan Chase & Co. raised their price target on Motorola Solutions from $400.00 to $405.00 and gave the stock an “overweight” rating in a research report on Friday, May 3rd. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Motorola Solutions from $355.00 to $375.00 and gave the stock a “buy” rating in a research note on Monday, May 6th. Evercore ISI started coverage on shares of Motorola Solutions in a research note on Monday, March 25th. They issued an “outperform” rating and a $400.00 price objective for the company. Barclays upped their target price on shares of Motorola Solutions from $362.00 to $372.00 and gave the stock an “overweight” rating in a research note on Friday, May 3rd. Finally, William Blair reissued an “outperform” rating on shares of Motorola Solutions in a research report on Friday, February 9th. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $357.43.

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.