Motorola Solutions, Inc. (NYSE:MSI) Shares Sold by RiverPark Advisors LLC

RiverPark Advisors LLC cut its holdings in Motorola Solutions, Inc. (NYSE:MSI) by 19.9% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 4,017 shares of the communications equipment provider’s stock after selling 1,000 shares during the period. RiverPark Advisors LLC’s holdings in Motorola Solutions were worth $1,426,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of MSI. Private Wealth Management Group LLC bought a new stake in Motorola Solutions in the 4th quarter valued at about $29,000. Rise Advisors LLC bought a new stake in Motorola Solutions in the 1st quarter valued at about $29,000. Northwest Capital Management Inc lifted its position in Motorola Solutions by 71.4% in the 4th quarter. Northwest Capital Management Inc now owns 96 shares of the communications equipment provider’s stock valued at $30,000 after purchasing an additional 40 shares during the last quarter. Motco lifted its position in Motorola Solutions by 137.5% in the 4th quarter. Motco now owns 95 shares of the communications equipment provider’s stock valued at $30,000 after purchasing an additional 55 shares during the last quarter. Finally, Hexagon Capital Partners LLC lifted its position in Motorola Solutions by 78.7% in the 1st quarter. Hexagon Capital Partners LLC now owns 84 shares of the communications equipment provider’s stock valued at $30,000 after purchasing an additional 37 shares during the last quarter. 84.17% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, SVP Rajan Naik sold 5,274 shares of Motorola Solutions stock in a transaction that occurred on Thursday, June 13th. The shares were sold at an average price of $373.81, for a total value of $1,971,473.94. Following the transaction, the senior vice president now directly owns 8,939 shares of the company’s stock, valued at $3,341,487.59. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, SVP Rajan Naik sold 5,274 shares of Motorola Solutions stock in a transaction that occurred on Thursday, June 13th. The shares were sold at an average price of $373.81, for a total value of $1,971,473.94. Following the transaction, the senior vice president now directly owns 8,939 shares of the company’s stock, valued at $3,341,487.59. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Kenneth D. Denman sold 690 shares of Motorola Solutions stock in a transaction that occurred on Friday, June 7th. The stock was sold at an average price of $373.11, for a total transaction of $257,445.90. Following the completion of the transaction, the director now directly owns 8,141 shares in the company, valued at $3,037,488.51. The disclosure for this sale can be found here. Insiders have sold 9,389 shares of company stock worth $3,446,461 in the last ninety days. 1.26% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on MSI. Evercore ISI started coverage on shares of Motorola Solutions in a research report on Monday, March 25th. They issued an “outperform” rating and a $400.00 price objective on the stock. JPMorgan Chase & Co. boosted their price target on shares of Motorola Solutions from $400.00 to $405.00 and gave the stock an “overweight” rating in a research report on Friday, May 3rd. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Motorola Solutions from $375.00 to $385.00 and gave the stock a “buy” rating in a research report on Monday, June 3rd. Finally, Barclays boosted their price target on shares of Motorola Solutions from $362.00 to $372.00 and gave the stock an “overweight” rating in a research report on Friday, May 3rd. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $358.86.

Motorola Solutions Price Performance

Shares of NYSE MSI traded up $0.15 during midday trading on Tuesday, reaching $390.72. The company’s stock had a trading volume of 626,063 shares, compared to its average volume of 664,195. The company has a current ratio of 1.19, a quick ratio of 1.01 and a debt-to-equity ratio of 11.16. The company has a 50 day moving average price of $371.51 and a 200 day moving average price of $346.01. Motorola Solutions, Inc. has a one year low of $269.64 and a one year high of $392.34. The company has a market cap of $65.17 billion, a price-to-earnings ratio of 48.30, a price-to-earnings-growth ratio of 3.38 and a beta of 0.94.

Motorola Solutions (NYSE:MSI) last released its earnings results on Thursday, May 2nd. The communications equipment provider reported $2.56 EPS for the quarter, topping analysts’ consensus estimates of $2.27 by $0.29. Motorola Solutions had a net margin of 13.64% and a return on equity of 398.16%. The business had revenue of $2.39 billion for the quarter, compared to the consensus estimate of $2.34 billion. On average, equities research analysts expect that Motorola Solutions, Inc. will post 12.07 EPS for the current year.

Motorola Solutions Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Friday, June 14th will be issued a $0.98 dividend. The ex-dividend date is Friday, June 14th. This represents a $3.92 dividend on an annualized basis and a dividend yield of 1.00%. Motorola Solutions’s payout ratio is currently 48.45%.

About Motorola Solutions

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.