Burney Co. Buys 13,638 Shares of Motorola Solutions, Inc. (NYSE:MSI)

Burney Co. grew its position in shares of Motorola Solutions, Inc. (NYSE:MSI - Free Report) by 106.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 26,489 shares of the communications equipment provider's stock after acquiring an additional 13,638 shares during the quarter. Burney Co.'s holdings in Motorola Solutions were worth $11,597,000 as of its most recent filing with the SEC.

Several other institutional investors have also bought and sold shares of the stock. Deseret Mutual Benefit Administrators lifted its holdings in Motorola Solutions by 5.4% in the first quarter. Deseret Mutual Benefit Administrators now owns 471 shares of the communications equipment provider's stock worth $206,000 after purchasing an additional 24 shares during the period. Prestige Wealth Management Group LLC lifted its holdings in Motorola Solutions by 11.9% in the fourth quarter. Prestige Wealth Management Group LLC now owns 235 shares of the communications equipment provider's stock worth $109,000 after purchasing an additional 25 shares during the period. Hazlett Burt & Watson Inc. lifted its holdings in Motorola Solutions by 22.5% in the fourth quarter. Hazlett Burt & Watson Inc. now owns 136 shares of the communications equipment provider's stock worth $63,000 after purchasing an additional 25 shares during the period. Clark Capital Management Group Inc. lifted its holdings in Motorola Solutions by 4.3% in the 4th quarter. Clark Capital Management Group Inc. now owns 636 shares of the communications equipment provider's stock valued at $294,000 after acquiring an additional 26 shares during the last quarter. Finally, Wesbanco Bank Inc. lifted its holdings in Motorola Solutions by 2.0% in the 1st quarter. Wesbanco Bank Inc. now owns 1,315 shares of the communications equipment provider's stock valued at $576,000 after acquiring an additional 26 shares during the last quarter. Institutional investors and hedge funds own 84.17% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the stock. Wolfe Research assumed coverage on shares of Motorola Solutions in a report on Monday, July 7th. They issued a "peer perform" rating for the company. William Blair reissued an "outperform" rating on shares of Motorola Solutions in a report on Wednesday, May 28th. Wall Street Zen downgraded shares of Motorola Solutions from a "buy" rating to a "hold" rating in a report on Thursday, May 22nd. JPMorgan Chase & Co. cut their price target on shares of Motorola Solutions from $570.00 to $515.00 and set an "overweight" rating for the company in a report on Thursday, April 17th. Finally, UBS Group initiated coverage on shares of Motorola Solutions in a report on Wednesday, July 16th. They issued a "buy" rating and a $490.00 price target for the company. Three research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $510.67.

Insider Activity at Motorola Solutions

In related news, CAO Katherine A. Maher sold 1,073 shares of the business'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 completion of the sale, the chief accounting officer owned 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 filing with the SEC, which can be accessed through this link. Insiders own 1.44% of the company's stock.

Motorola Solutions Stock Up 0.7%

Shares of MSI traded up $3.18 during trading hours on Friday, reaching $428.01. The company's stock had a trading volume of 633,190 shares, compared to its average volume of 744,566. The firm has a market cap of $71.44 billion, a price-to-earnings ratio of 35.73, a P/E/G ratio of 3.65 and a beta of 0.95. Motorola Solutions, Inc. has a 1-year low of $385.60 and a 1-year high of $507.82. The company has a quick ratio of 1.03, a current ratio of 1.20 and a debt-to-equity ratio of 3.42. The company has a 50 day moving average of $417.50 and a two-hundred day moving average of $429.46.

Motorola Solutions (NYSE:MSI - Get Free Report) last issued 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. The company had revenue of $2.53 billion for the quarter, compared to the consensus estimate of $2.52 billion. Motorola Solutions had a return on equity of 160.93% and a net margin of 18.67%. The firm's quarterly revenue was up 5.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.81 EPS. As a group, research analysts predict that Motorola Solutions, Inc. will post 13.55 EPS for the current fiscal year.

Motorola Solutions Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Friday, June 13th were issued a $1.09 dividend. The ex-dividend date was Friday, June 13th. This represents a $4.36 dividend on an annualized basis and a dividend yield of 1.02%. Motorola Solutions's dividend payout ratio is 36.39%.

Motorola Solutions Company 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.