OneAscent Financial Services LLC Purchases New Position in Motorola Solutions, Inc. (NYSE:MSI)

OneAscent Financial Services LLC acquired a new stake in Motorola Solutions, Inc. (NYSE:MSI) during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 611 shares of the communications equipment provider’s stock, valued at approximately $275,000.

Several other institutional investors have also added to or reduced their stakes in MSI. Lake Street Advisors Group LLC boosted its position in shares of Motorola Solutions by 61.1% during the first quarter. Lake Street Advisors Group LLC now owns 1,448 shares of the communications equipment provider’s stock valued at $515,000 after buying an additional 549 shares during the last quarter. Crewe Advisors LLC bought a new stake in shares of Motorola Solutions in the first quarter worth approximately $28,000. Fayez Sarofim & Co lifted its position in Motorola Solutions by 8.3% during the first quarter. Fayez Sarofim & Co now owns 1,251 shares of the communications equipment provider’s stock valued at $444,000 after purchasing an additional 96 shares during the period. Vident Advisory LLC boosted its holdings in Motorola Solutions by 98.8% in the first quarter. Vident Advisory LLC now owns 11,591 shares of the communications equipment provider’s stock worth $4,115,000 after purchasing an additional 5,761 shares during the last quarter. Finally, EP Wealth Advisors LLC grew its position in Motorola Solutions by 57.7% in the 1st quarter. EP Wealth Advisors LLC now owns 2,186 shares of the communications equipment provider’s stock worth $776,000 after purchasing an additional 800 shares during the period. 84.17% of the stock is currently owned by hedge funds and other institutional investors.

Motorola Solutions Trading Down 0.6 %

Shares of MSI stock opened at $487.46 on Wednesday. The company has a current ratio of 1.25, a quick ratio of 1.07 and a debt-to-equity ratio of 4.23. The stock has a market capitalization of $81.46 billion, a price-to-earnings ratio of 53.39, a price-to-earnings-growth ratio of 4.02 and a beta of 0.97. Motorola Solutions, Inc. has a 12-month low of $307.09 and a 12-month high of $507.82. The stock’s 50-day moving average price is $462.39 and its 200-day moving average price is $417.32.

Motorola Solutions (NYSE:MSI) last released its quarterly earnings data on Thursday, November 7th. The communications equipment provider reported $3.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.10 by $0.36. The business had revenue of $2.79 billion for the quarter, compared to the consensus estimate of $2.76 billion. Motorola Solutions had a return on equity of 251.96% and a net margin of 14.65%. Equities research analysts predict that Motorola Solutions, Inc. will post 12.48 EPS for the current fiscal year.

Motorola Solutions Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Friday, December 13th will be given a dividend of $1.09 per share. The ex-dividend date of this dividend is Friday, December 13th. This represents a $4.36 annualized dividend and a yield of 0.89%. This is a positive change from Motorola Solutions’s previous quarterly dividend of $0.98. Motorola Solutions’s dividend payout ratio (DPR) is 42.94%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on MSI shares. Deutsche Bank Aktiengesellschaft raised their price target on Motorola Solutions from $385.00 to $440.00 and gave the stock a “buy” rating in a research note on Tuesday, August 6th. Raymond James raised their price objective on shares of Motorola Solutions from $425.00 to $515.00 and gave the company an “outperform” rating in a research report on Friday, November 8th. Barclays raised their price target on Motorola Solutions from $467.00 to $529.00 and gave the company an “overweight” rating in a report on Friday, November 8th. JPMorgan Chase & Co. upped their price objective on Motorola Solutions from $436.00 to $440.00 and gave the stock an “overweight” rating in a research note on Friday, August 2nd. Finally, Evercore ISI lifted their target price on Motorola Solutions from $450.00 to $500.00 and gave the company an “outperform” rating in a research note on Friday, August 30th. Nine investment analysts have rated the stock with a buy rating, According to MarketBeat.com, Motorola Solutions has an average rating of “Buy” and a consensus target price of $493.43.

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.