Alta Advisers Ltd Makes New Investment in Motorola Solutions, Inc. (NYSE:MSI)

Alta Advisers Ltd acquired a new position in shares of Motorola Solutions, Inc. (NYSE:MSI - Free Report) in the 1st quarter, according to its most recent disclosure with the SEC. The fund acquired 840 shares of the communications equipment provider's stock, valued at approximately $368,000.

Other institutional investors have also modified their holdings of the company. Kingswood Wealth Advisors LLC lifted its position in shares of Motorola Solutions by 3.2% during the 1st quarter. Kingswood Wealth Advisors LLC now owns 935 shares of the communications equipment provider's stock worth $409,000 after purchasing an additional 29 shares during the last quarter. Bryce Point Capital LLC purchased a new stake in Motorola Solutions in the fourth quarter valued at $518,000. Oppenheimer & Co. Inc. lifted its position in Motorola Solutions by 228.9% in the first quarter. Oppenheimer & Co. Inc. now owns 8,367 shares of the communications equipment provider's stock valued at $3,663,000 after acquiring an additional 5,823 shares during the last quarter. Perennial Investment Advisors LLC lifted its position in Motorola Solutions by 14.4% in the fourth quarter. Perennial Investment Advisors LLC now owns 828 shares of the communications equipment provider's stock valued at $383,000 after acquiring an additional 104 shares during the last quarter. Finally, Sowell Financial Services LLC purchased a new stake in Motorola Solutions in the first quarter valued at $874,000. 84.17% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, CAO Katherine A. Maher sold 1,073 shares of the business's stock in a transaction dated Thursday, May 29th. The shares were sold at an average price of $418.68, for a total transaction of $449,243.64. Following the transaction, the chief accounting officer directly owned 804 shares in the company, valued at $336,618.72. The trade was a 57.17% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 1.44% of the stock is currently owned by company insiders.

Motorola Solutions Stock Performance

NYSE MSI traded up $2.28 during trading on Friday, reaching $424.55. The company's stock had a trading volume of 494,717 shares, compared to its average volume of 824,793. The company has a debt-to-equity ratio of 3.42, a quick ratio of 1.03 and a current ratio of 1.20. The firm has a market cap of $70.87 billion, a price-to-earnings ratio of 35.44, a P/E/G ratio of 3.66 and a beta of 0.95. Motorola Solutions, Inc. has a twelve month low of $385.17 and a twelve month high of $507.82. The business's fifty day moving average price is $417.48 and its 200-day moving average price is $433.93.

Motorola Solutions (NYSE:MSI - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The communications equipment provider reported $3.18 EPS for the quarter, beating analysts' consensus estimates of $3.01 by $0.17. The company had revenue of $2.53 billion for the quarter, compared to analyst estimates of $2.52 billion. Motorola Solutions had a net margin of 18.67% and a return on equity of 160.93%. Motorola Solutions's quarterly revenue was up 5.8% on a year-over-year basis. During the same period in the previous year, the business posted $2.81 earnings per share. As a group, analysts anticipate that Motorola Solutions, Inc. will post 13.55 EPS for the current fiscal year.

Motorola Solutions Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Friday, June 13th will be paid 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 1.03%. Motorola Solutions's dividend payout ratio (DPR) is 36.39%.

Wall Street Analyst Weigh In

MSI has been the subject of a number of research reports. Wall Street Zen cut shares of Motorola Solutions from a "buy" rating to a "hold" rating in a research report on Thursday, May 22nd. William Blair reissued an "outperform" rating on shares of Motorola Solutions in a research report on Wednesday, May 28th. Barclays reduced their price target on shares of Motorola Solutions from $527.00 to $511.00 and set an "overweight" rating for the company in a research report on Monday, May 5th. Finally, JPMorgan Chase & Co. reduced their price target on shares of Motorola Solutions from $570.00 to $515.00 and set an "overweight" rating for the company in a research report on Thursday, April 17th. Two investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, Motorola Solutions currently has a consensus rating of "Moderate Buy" and an average price target of $513.25.

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.