Greenwood Capital Associates LLC Buys New Shares in Motorola Solutions, Inc. (NYSE:MSI)

Greenwood Capital Associates LLC acquired a new position in Motorola Solutions, Inc. (NYSE:MSI - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 4,537 shares of the communications equipment provider's stock, valued at approximately $1,986,000.

Several other institutional investors also recently bought and sold shares of the stock. First Command Advisory Services Inc. acquired a new stake in Motorola Solutions in the 4th quarter worth $29,000. SBI Securities Co. Ltd. bought a new position in Motorola Solutions in the 4th quarter valued at $30,000. Meeder Asset Management Inc. acquired a new position in Motorola Solutions during the 4th quarter valued at about $32,000. Fourth Dimension Wealth LLC bought a new stake in Motorola Solutions in the fourth quarter valued at approximately $34,000. Finally, Sierra Ocean LLC bought a new position in shares of Motorola Solutions during the 4th quarter valued at about $35,000. 84.17% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, CAO Katherine A. Maher sold 1,073 shares of the firm's stock in a transaction that occurred on Thursday, May 29th. The stock was sold at an average price of $418.68, for a total value of $449,243.64. Following the transaction, the chief accounting officer now directly owns 804 shares of the company's stock, valued at approximately $336,618.72. This trade represents a 57.17% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 1.44% of the stock is owned by company insiders.

Motorola Solutions Stock Performance

Shares of NYSE:MSI traded down $4.13 during midday trading on Friday, reaching $407.85. The company's stock had a trading volume of 370,253 shares, compared to its average volume of 808,532. The firm has a market capitalization of $68.08 billion, a PE ratio of 44.27, a P/E/G ratio of 3.82 and a beta of 0.96. Motorola Solutions, Inc. has a twelve month low of $370.00 and a twelve month high of $507.82. The stock has a fifty day moving average of $418.68 and a 200 day moving average of $442.01. The company has a quick ratio of 1.13, a current ratio of 1.28 and a debt-to-equity ratio of 3.30.

Motorola Solutions (NYSE:MSI - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The communications equipment provider reported $3.18 earnings per share for the quarter, topping the consensus estimate of $3.01 by $0.17. The firm had revenue of $2.53 billion for the quarter, compared to the consensus estimate of $2.52 billion. Motorola Solutions had a net margin of 14.58% and a return on equity of 197.59%. The company's revenue for the quarter was up 5.8% on a year-over-year basis. During the same period last year, the firm posted $2.81 earnings per share. On average, equities analysts expect that Motorola Solutions, Inc. will post 13.55 EPS for the current fiscal year.

Motorola Solutions Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Friday, June 13th will be given a dividend of $1.09 per share. The ex-dividend date of this dividend is Friday, June 13th. This represents a $4.36 dividend on an annualized basis and a dividend yield of 1.07%. Motorola Solutions's dividend payout ratio (DPR) is 36.39%.

Analyst Ratings Changes

MSI has been the subject of a number of recent research reports. William Blair restated an "outperform" rating on shares of Motorola Solutions in a research note on Wednesday, May 28th. Morgan Stanley boosted their target price on shares of Motorola Solutions from $495.00 to $505.00 and gave the company an "equal weight" rating in a research report on Friday, February 14th. Barclays cut their price objective on Motorola Solutions from $527.00 to $511.00 and set an "overweight" rating on the stock in a report on Monday, May 5th. Wall Street Zen cut shares of Motorola Solutions from a "buy" rating to a "hold" rating in a research report on Thursday, May 22nd. Finally, JPMorgan Chase & Co. cut their target price on shares of Motorola Solutions from $570.00 to $515.00 and set an "overweight" rating on the stock in a research note on Thursday, April 17th. Two analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $513.25.

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.