Leon Cooperman’s Performance in 2021: 5 Best Stock Picks

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In this article, we discuss Leon Cooperman’s 5 best performing stocks in 2021. If you want our detailed analysis of Cooperman’s history, investment philosophy, and hedge fund performance, go directly to Leon Cooperman’s Performance in 2021: 10 Best Stock Picks

5. Motorola Solutions, Inc. (NYSE:MSI)

Omega Advisors’ Stake Value: $23,232,000

Percentage of Omega Advisors’ 13F Portfolio: 1.23%

Number of Hedge Fund Holders: 34

Gain in 2021: 61.84%

Motorola Solutions, Inc. (NYSE:MSI) is a Chicago-based provider of mission-critical communications equipment, command center software, video security and analytics, and technical support services. Leon Cooperman owns 100,000 Motorola Solutions, Inc. (NYSE:MSI) shares as of Q3 2021, worth $23.2 million, representing 1.23% of his 13F securities. Motorola Solutions, Inc. (NYSE:MSI) shares gained 61.84% in 2021, making it one of the billionaire’s top performing stock picks.

On November 18, Motorola Solutions, Inc. (NYSE:MSI) declared a $0.79 per share quarterly dividend, which reflects an 11.3% increase from the prior dividend of $0.71. The dividend was paid on January 14, to shareholders of record on December 15. 

The U.S. Department of Defense on January 11 initiated a contract worth $29 million with Motorola Solutions, Inc. (NYSE:MSI), which will extend the operations and maintenance of the U.S. Navy’s land mobile radio LMR system. Under this contract, Motorola Solutions, Inc. (NYSE:MSI) will provide maintenance of hardware and software, equipment repair and replacement, management of software licenses, asset and configuration management, password management, vulnerability scanning, and benchmark testing.

Argus analyst Jim Kelleher upgraded Motorola Solutions, Inc. (NYSE:MSI) to Buy from Hold with a $280 price target on November 11.

Among the hedge funds tracked by Insider Monkey in Q3 2021, Orbis Investment Management is the largest Motorola Solutions, Inc. (NYSE:MSI) stakeholder, owning a $484.3 million position in the company. Overall, 34 hedge funds were bullish on the stock in the third quarter. 

Here is what Wedgewood Partners has to say about Motorola Solutions, Inc. (NYSE:MSI) in its Q4 2021 investor letter:

“Top fourth quarter performance contributors include Motorola Solutions. Motorola Solutions generated +13% revenue growth and drove over +20% earnings per share growth as it sold a higher mix of high-margin, recurring software, with Company-wide margins well above-above pre-COVID peaks. Motorola is a key partner with public safety and corporate customers who operate land mobile radio (LMR) networks for decades, which requires numerous software updates and constant cybersecurity support. Further, the Company has amassed a suite of software offerings that manage public safety emergency and 911 call center workflows. We expect Motorola’s core public safety market to continue adopting these software and service solutions that drive higher productivity in the face of chronic labor shortages.”

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