SPC Financial Inc. Decreases Stake in Motorola Solutions, Inc. (NYSE:MSI)

SPC Financial Inc. reduced its stake in shares of Motorola Solutions, Inc. (NYSE:MSI) by 1.4% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 20,469 shares of the communications equipment provider’s stock after selling 301 shares during the period. SPC Financial Inc.’s holdings in Motorola Solutions were worth $7,266,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. DekaBank Deutsche Girozentrale raised its stake in shares of Motorola Solutions by 2.2% during the 4th quarter. DekaBank Deutsche Girozentrale now owns 839,123 shares of the communications equipment provider’s stock worth $260,204,000 after buying an additional 17,807 shares during the last quarter. Corient Private Wealth LLC raised its stake in shares of Motorola Solutions by 15.6% during the 4th quarter. Corient Private Wealth LLC now owns 24,237 shares of the communications equipment provider’s stock worth $7,589,000 after buying an additional 3,278 shares during the last quarter. Cambridge Investment Research Advisors Inc. raised its stake in shares of Motorola Solutions by 29.8% during the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 20,036 shares of the communications equipment provider’s stock worth $6,273,000 after buying an additional 4,594 shares during the last quarter. Capital International Sarl raised its stake in shares of Motorola Solutions by 13.8% during the 4th quarter. Capital International Sarl now owns 57,227 shares of the communications equipment provider’s stock worth $17,917,000 after buying an additional 6,918 shares during the last quarter. Finally, Bank of Nova Scotia raised its stake in shares of Motorola Solutions by 430.5% during the 4th quarter. Bank of Nova Scotia now owns 90,543 shares of the communications equipment provider’s stock worth $28,347,000 after buying an additional 73,477 shares during the last quarter. 84.17% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

Insider Buying and Selling at Motorola Solutions

In other news, SVP Rajan Naik sold 5,274 shares of the company’s stock in a transaction that occurred on Thursday, June 13th. The stock was 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 owns 8,939 shares of the company’s stock, valued at $3,341,487.59. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, SVP Rajan Naik sold 5,274 shares of the company’s stock in a transaction that occurred on Thursday, June 13th. The stock was 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 owns 8,939 shares of the company’s stock, valued at $3,341,487.59. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Katherine A. Maher sold 2,615 shares of the firm’s stock in a transaction on Tuesday, May 7th. The shares were sold at an average price of $354.68, for a total value of $927,488.20. Following the completion of the sale, the chief accounting officer now directly owns 1,138 shares in the company, valued at approximately $403,625.84. The disclosure for this sale can be found here. Insiders have sold 9,389 shares of company stock worth $3,446,461 over the last 90 days. Company insiders own 1.26% of the company’s stock.

Motorola Solutions Trading Down 0.6 %

Shares of MSI stock traded down $2.36 on Thursday, reaching $388.69. 578,720 shares of the stock were exchanged, compared to its average volume of 663,536. The stock has a market cap of $64.83 billion, a PE ratio of 48.34, a P/E/G ratio of 3.42 and a beta of 0.94. Motorola Solutions, Inc. has a one year low of $269.64 and a one year high of $392.80. The company has a debt-to-equity ratio of 11.16, a current ratio of 1.19 and a quick ratio of 1.01. The stock has a 50 day moving average price of $372.61 and a 200 day moving average price of $346.32.

Motorola Solutions (NYSE:MSI) last posted its quarterly earnings data on Thursday, May 2nd. The communications equipment provider reported $2.56 earnings per share for the quarter, topping the consensus estimate of $2.27 by $0.29. Motorola Solutions had a return on equity of 398.16% and a net margin of 13.64%. The company had revenue of $2.39 billion during the quarter, compared to analysts’ expectations of $2.34 billion. Equities research analysts forecast that Motorola Solutions, Inc. will post 12.07 EPS for the current fiscal year.

Motorola Solutions Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Friday, June 14th will be paid a $0.98 dividend. The ex-dividend date is Friday, June 14th. This represents a $3.92 annualized dividend and a yield of 1.01%. Motorola Solutions’s dividend payout ratio is 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.