OneAscent Financial Services LLC Takes $275,000 Position in Motorola Solutions, Inc. (NYSE:MSI)

OneAscent Financial Services LLC bought a new position in Motorola Solutions, Inc. (NYSE:MSI) in the third quarter, according to the company in its most recent filing with the SEC. The fund bought 611 shares of the communications equipment provider’s stock, valued at approximately $275,000.

Several other large investors have also recently modified their holdings of the stock. MFA Wealth Advisors LLC purchased a new position in Motorola Solutions during the second quarter worth $25,000. Beacon Capital Management LLC boosted its stake in shares of Motorola Solutions by 71.8% during the 2nd 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 during the period. LRI Investments LLC grew its holdings in Motorola Solutions by 871.4% during the 2nd quarter. LRI Investments LLC now owns 68 shares of the communications equipment provider’s stock valued at $26,000 after purchasing an additional 61 shares during the last quarter. Crewe Advisors LLC purchased a new stake in Motorola Solutions in the 1st quarter worth about $28,000. Finally, Triad Wealth Partners LLC bought a new stake in Motorola Solutions in the second quarter worth about $29,000. Institutional investors own 84.17% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on MSI shares. Jefferies Financial Group increased their price target on Motorola Solutions from $460.00 to $510.00 and gave the stock a “buy” rating in a report on Tuesday, September 3rd. Deutsche Bank Aktiengesellschaft increased their target price on Motorola Solutions from $385.00 to $440.00 and gave the stock a “buy” rating in a research note on Tuesday, August 6th. Bank of America boosted their target price on shares of Motorola Solutions from $440.00 to $520.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. Barclays raised their price target on shares of Motorola Solutions from $467.00 to $529.00 and gave the stock an “overweight” rating in a research note on Friday, November 8th. Finally, Raymond James lifted their price objective on shares of Motorola Solutions from $425.00 to $515.00 and gave the company an “outperform” rating in a report on Friday, November 8th. Nine equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, Motorola Solutions presently has an average rating of “Buy” and an average price target of $493.43.

Motorola Solutions Stock Down 0.6 %

NYSE:MSI opened at $487.46 on Wednesday. The company has a debt-to-equity ratio of 4.23, a current ratio of 1.25 and a quick ratio of 1.07. Motorola Solutions, Inc. has a 1-year low of $307.09 and a 1-year high of $507.82. The company has a 50-day moving average of $462.39 and a 200 day moving average of $417.32. The firm has a market cap of $81.46 billion, a PE ratio of 53.39, a price-to-earnings-growth ratio of 4.02 and a beta of 0.97.

Motorola Solutions (NYSE:MSI) last posted its quarterly earnings results on Thursday, November 7th. The communications equipment provider reported $3.46 EPS for the quarter, beating the consensus estimate of $3.10 by $0.36. Motorola Solutions had a net margin of 14.65% and a return on equity of 251.96%. The business had revenue of $2.79 billion during the quarter, compared to analyst estimates of $2.76 billion. As a group, research analysts anticipate that Motorola Solutions, Inc. will post 12.48 EPS for the current fiscal year.

Motorola Solutions Increases Dividend

The business also recently announced 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. This represents a $4.36 annualized dividend and a yield of 0.89%. The ex-dividend date is Friday, December 13th. This is a boost from Motorola Solutions’s previous quarterly dividend of $0.98. Motorola Solutions’s dividend payout ratio (DPR) is 42.94%.

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.