Motorola Solutions, Inc. (NYSE:MSI) Shares Sold by SPC Financial Inc.

SPC Financial Inc. cut its stake in Motorola Solutions, Inc. (NYSE:MSI) by 2.8% during the 3rd quarter, HoldingsChannel reports. The fund owned 16,528 shares of the communications equipment provider’s stock after selling 474 shares during the period. SPC Financial Inc.’s holdings in Motorola Solutions were worth $7,431,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. EP Wealth Advisors LLC boosted its holdings in Motorola Solutions by 57.7% in the fourth quarter. EP Wealth Advisors LLC now owns 1,386 shares of the communications equipment provider’s stock worth $434,000 after purchasing an additional 507 shares during the period. Fisher Asset Management LLC boosted its stake in Motorola Solutions by 20.6% during the 4th quarter. Fisher Asset Management LLC now owns 1,166 shares of the communications equipment provider’s stock valued at $365,000 after purchasing an additional 199 shares during the period. SageView Advisory Group LLC bought a new position in Motorola Solutions in the 4th quarter worth about $247,000. Nomura Holdings Inc. bought a new position in Motorola Solutions in the 4th quarter worth about $1,043,000. Finally, CWM LLC increased its stake in shares of Motorola Solutions by 3.1% in the first quarter. CWM LLC now owns 6,927 shares of the communications equipment provider’s stock valued at $2,459,000 after purchasing an additional 208 shares during the period. 84.17% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Motorola Solutions

In other news, COO John P. Molloy sold 23,985 shares of the company’s stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of $407.50, for a total transaction of $9,773,887.50. Following the completion of the transaction, the chief operating officer now directly owns 46,821 shares in the company, valued at $19,079,557.50. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.50% of the company’s stock.

Motorola Solutions Trading Up 0.7 %

Shares of NYSE MSI opened at $476.55 on Thursday. The stock has a market cap of $79.49 billion, a price-to-earnings ratio of 58.91, a PEG ratio of 4.07 and a beta of 0.97. The business has a 50 day simple moving average of $440.39 and a 200 day simple moving average of $395.24. The company has a debt-to-equity ratio of 7.03, a quick ratio of 1.03 and a current ratio of 1.20. Motorola Solutions, Inc. has a 52 week low of $271.73 and a 52 week high of $477.89.

Motorola Solutions (NYSE:MSI) last posted its quarterly earnings data on Thursday, August 1st. The communications equipment provider reported $3.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.01 by $0.23. The business had revenue of $2.63 billion during the quarter, compared to the consensus estimate of $2.59 billion. Motorola Solutions had a net margin of 14.04% and a return on equity of 337.36%. Motorola Solutions’s quarterly revenue was up 9.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.41 EPS. On average, research analysts predict that Motorola Solutions, Inc. will post 12.22 earnings per share for the current fiscal year.

Motorola Solutions Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Friday, September 13th were paid a dividend of $0.98 per share. The ex-dividend date was Friday, September 13th. This represents a $3.92 annualized dividend and a yield of 0.82%. Motorola Solutions’s payout ratio is 48.45%.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on MSI. Deutsche Bank Aktiengesellschaft increased their price objective on Motorola Solutions from $385.00 to $440.00 and gave the stock a “buy” rating in a report on Tuesday, August 6th. Evercore ISI raised their price target on Motorola Solutions from $450.00 to $500.00 and gave the company an “outperform” rating in a report on Friday, August 30th. Barclays upped their price objective on shares of Motorola Solutions from $372.00 to $467.00 and gave the stock an “overweight” rating in a report on Friday, August 2nd. Jefferies Financial Group boosted their price target on shares of Motorola Solutions from $460.00 to $510.00 and gave the stock a “buy” rating in a research report on Tuesday, September 3rd. Finally, Bank of America raised their price objective on shares of Motorola Solutions from $370.00 to $440.00 and gave the company a “buy” rating in a research note on Thursday, July 18th. Eight analysts have rated the stock with a buy rating, According to MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $466.17.

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.