Convergence Financial LLC Purchases Shares of 1,009 Motorola Solutions, Inc. (NYSE:MSI)

Convergence Financial LLC purchased a new stake in Motorola Solutions, Inc. (NYSE:MSI - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 1,009 shares of the communications equipment provider's stock, valued at approximately $442,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Prestige Wealth Management Group LLC increased its stake in shares of Motorola Solutions by 11.9% during the 4th 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 last quarter. Hazlett Burt & Watson Inc. boosted its position in shares of Motorola Solutions by 22.5% in the fourth quarter. Hazlett Burt & Watson Inc. now owns 136 shares of the communications equipment provider's stock valued at $63,000 after acquiring an additional 25 shares during the period. Clark Capital Management Group Inc. boosted 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 purchasing an additional 26 shares during the period. Wesbanco Bank Inc. boosted its stake in shares of Motorola Solutions by 2.0% in the first quarter. Wesbanco Bank Inc. now owns 1,315 shares of the communications equipment provider's stock valued at $576,000 after buying an additional 26 shares during the period. Finally, Cozad Asset Management Inc. lifted its position in shares of Motorola Solutions by 2.8% during the 4th quarter. Cozad Asset Management Inc. now owns 1,008 shares of the communications equipment provider's stock valued at $466,000 after acquiring an additional 27 shares during the period. Institutional investors and hedge funds own 84.17% of the company's stock.

Motorola Solutions Trading Up 0.7%

NYSE MSI opened at $418.12 on Friday. The company has a market cap of $69.79 billion, a price-to-earnings ratio of 34.90, a P/E/G ratio of 3.60 and a beta of 0.96. The business has a 50 day moving average price of $417.48 and a 200-day moving average price of $435.42. The company has a quick ratio of 1.03, a current ratio of 1.20 and a debt-to-equity ratio of 3.42. Motorola Solutions, Inc. has a 52 week low of $384.51 and a 52 week high of $507.82.

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

Motorola Solutions Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Friday, June 13th will be paid a $1.09 dividend. The ex-dividend date is Friday, June 13th. This represents a $4.36 dividend on an annualized basis and a yield of 1.04%. Motorola Solutions's dividend payout ratio (DPR) is presently 36.39%.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. 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. Wall Street Zen downgraded shares of Motorola Solutions from a "buy" rating to a "hold" rating in a research note on Thursday, May 22nd. William Blair restated an "outperform" rating on shares of Motorola Solutions in a research report on Wednesday, May 28th. Finally, Barclays lowered their price objective on Motorola Solutions from $527.00 to $511.00 and set an "overweight" rating for the company in a research report on Monday, May 5th. Two analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $513.25.

Insider Activity at Motorola Solutions

In other news, CAO Katherine A. Maher sold 1,073 shares of the stock in a transaction on 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 transaction, the chief accounting officer now owns 804 shares in the company, valued at approximately $336,618.72. This represents a 57.17% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.44% of the stock is owned by company insiders.

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.

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