Abacus FCF Advisors LLC Has $13.05 Million Position in Motorola Solutions, Inc. (NYSE:MSI)

Abacus FCF Advisors LLC grew its stake in Motorola Solutions, Inc. (NYSE:MSI - Free Report) by 55.6% during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 29,805 shares of the communications equipment provider's stock after purchasing an additional 10,656 shares during the quarter. Motorola Solutions makes up approximately 2.0% of Abacus FCF Advisors LLC's holdings, making the stock its 18th biggest holding. Abacus FCF Advisors LLC's holdings in Motorola Solutions were worth $13,049,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of MSI. Raymond James Financial Inc. bought a new stake in Motorola Solutions during the fourth quarter worth approximately $1,528,949,000. Norges Bank bought a new stake in Motorola Solutions in the fourth quarter worth about $1,073,645,000. GAMMA Investing LLC lifted its holdings in Motorola Solutions by 43,787.3% in the 1st quarter. GAMMA Investing LLC now owns 1,084,455 shares of the communications equipment provider's stock valued at $474,785,000 after acquiring an additional 1,081,984 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its position in shares of Motorola Solutions by 330.1% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 631,551 shares of the communications equipment provider's stock valued at $291,922,000 after purchasing an additional 484,727 shares in the last quarter. Finally, Geode Capital Management LLC grew its stake in shares of Motorola Solutions by 12.1% in the 4th quarter. Geode Capital Management LLC now owns 4,187,217 shares of the communications equipment provider's stock worth $1,933,360,000 after purchasing an additional 451,172 shares during the last quarter. Institutional investors own 84.17% of the company's stock.

Motorola Solutions Price Performance

Shares of NYSE MSI traded down $3.71 during mid-day trading on Wednesday, hitting $408.54. 840,899 shares of the stock were exchanged, compared to its average volume of 810,196. The stock's fifty day simple moving average is $418.36 and its two-hundred day simple moving average is $442.78. Motorola Solutions, Inc. has a twelve month low of $370.00 and a twelve month high of $507.82. The company has a market cap of $68.19 billion, a P/E ratio of 44.31, a PEG ratio of 3.82 and a beta of 0.96. The company has a debt-to-equity ratio of 3.30, a quick ratio of 1.13 and a current ratio of 1.28.

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

Motorola Solutions Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Friday, June 13th will be paid a $1.09 dividend. The ex-dividend date of this dividend is Friday, June 13th. This represents a $4.36 annualized dividend and a dividend yield of 1.07%. Motorola Solutions's dividend payout ratio (DPR) is currently 36.39%.

Insider Transactions at Motorola Solutions

In other Motorola Solutions news, CAO Katherine A. Maher sold 1,073 shares of the business's stock in a transaction dated Thursday, May 29th. The stock was sold at an average price of $418.68, for a total transaction of $449,243.64. Following the completion of the sale, the chief accounting officer now directly owns 804 shares of the company's stock, valued at approximately $336,618.72. The trade was a 57.17% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.44% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

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