NEOS Investment Management LLC Grows Stake in Motorola Solutions, Inc. $MSI

NEOS Investment Management LLC boosted its holdings in shares of Motorola Solutions, Inc. (NYSE:MSI) by 59.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,494 shares of the communications equipment provider’s stock after acquiring an additional 5,378 shares during the period. NEOS Investment Management LLC’s holdings in Motorola Solutions were worth $6,628,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of MSI. Orion Capital Management LLC bought a new position in Motorola Solutions in the third quarter worth approximately $25,000. United Community Bank grew its stake in Motorola Solutions by 81.3% during the 3rd quarter. United Community Bank now owns 58 shares of the communications equipment provider’s stock worth $27,000 after buying an additional 26 shares during the last quarter. Whipplewood Advisors LLC increased its position in Motorola Solutions by 289.5% during the 2nd quarter. Whipplewood Advisors LLC now owns 74 shares of the communications equipment provider’s stock valued at $31,000 after buying an additional 55 shares in the last quarter. Halbert Hargrove Global Advisors LLC purchased a new stake in Motorola Solutions in the third quarter valued at about $33,000. Finally, Field & Main Bank acquired a new stake in Motorola Solutions in the third quarter worth about $35,000. Hedge funds and other institutional investors own 84.17% of the company’s stock.

Motorola Solutions Price Performance

Shares of MSI stock opened at $451.28 on Thursday. The firm’s 50-day moving average is $397.20 and its two-hundred day moving average is $421.66. Motorola Solutions, Inc. has a 12 month low of $359.36 and a 12 month high of $492.22. The company has a debt-to-equity ratio of 3.47, a current ratio of 1.04 and a quick ratio of 0.87. The company has a market capitalization of $74.76 billion, a PE ratio of 35.37, a price-to-earnings-growth ratio of 3.43 and a beta of 1.00.

Motorola Solutions (NYSE:MSI) last announced its quarterly earnings results on Wednesday, February 11th. The communications equipment provider reported $4.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 last year, the firm earned $4.04 EPS. The business’s revenue was up 12.3% compared to the same quarter last year. Analysts predict that Motorola Solutions, Inc. will post 13.55 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages have recently weighed in on MSI. Northcoast Research raised Motorola Solutions from a “neutral” rating to a “buy” rating and set a $450.00 price objective on the stock in a report on Monday, December 1st. Piper Sandler reiterated an “overweight” rating and issued a $499.00 price objective (up previously from $443.00) on shares of Motorola Solutions in a research note on Thursday, February 12th. Morgan Stanley reissued an “overweight” rating and issued a $470.00 price target on shares of Motorola Solutions in a report on Thursday, February 12th. 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 research report on Thursday, February 12th. Finally, Argus raised Motorola Solutions to a “strong-buy” rating in a report on Friday, February 13th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, Motorola Solutions currently has an average rating of “Moderate Buy” and an average target price of $497.14.

Motorola Solutions Company Profile

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.