E Fund Management Co. Ltd. Reduces Position in Motorola Solutions, Inc. (NYSE:MSI)

Key Points

• E Fund Management Co. Ltd. sold 1,427 shares of Motorola Solutions, reducing its holdings by 27.4%, now owning a total of 3,787 shares valued at approximately $1.66 million.
• Institutional ownership is significant, with 84.17% of Motorola Solutions' stock held by institutional investors, following several firms like Vanguard Group and Invesco increasing their positions.
• Motorola Solutions reported an earnings per share (EPS) of $3.57, exceeding analyst expectations, with a quarterly revenue of $2.77 billion, reflecting a year-over-year growth of 5.2%.

E Fund Management Co. Ltd. reduced its position in Motorola Solutions, Inc. (NYSE:MSI - Free Report) by 27.4% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 3,787 shares of the communications equipment provider's stock after selling 1,427 shares during the period. E Fund Management Co. Ltd.'s holdings in Motorola Solutions were worth $1,658,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. ORG Wealth Partners LLC increased its position in shares of Motorola Solutions by 346.2% during the first quarter. ORG Wealth Partners LLC now owns 58 shares of the communications equipment provider's stock valued at $25,000 after buying an additional 45 shares during the period. Fourth Dimension Wealth LLC bought a new stake in shares of Motorola Solutions during the fourth quarter valued at about $34,000. Community Bank N.A. bought a new stake in shares of Motorola Solutions during the first quarter valued at about $32,000. Fort Vancouver Investment Management LLC purchased a new position in shares of Motorola Solutions during the first quarter worth about $37,000. Finally, Alpine Bank Wealth Management purchased a new position in shares of Motorola Solutions during the first quarter worth about $40,000. 84.17% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Motorola Solutions

In other news, CAO Katherine A. Maher sold 1,073 shares of the firm's 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 directly owned 804 shares in the company, valued at $336,618.72. This trade represents a 57.17% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.44% of the stock is owned by insiders.

Motorola Solutions Stock Down 0.3%

MSI traded down $1.20 during trading on Friday, reaching $460.41. The stock had a trading volume of 1,274,699 shares, compared to its average volume of 999,855. The stock's 50 day moving average is $425.87 and its two-hundred day moving average is $427.43. The company has a current ratio of 1.73, a quick ratio of 1.54 and a debt-to-equity ratio of 3.86. The company has a market capitalization of $76.70 billion, a price-to-earnings ratio of 37.07, a P/E/G ratio of 3.74 and a beta of 0.97. Motorola Solutions, Inc. has a one year low of $388.90 and a one year high of $507.82.

Motorola Solutions (NYSE:MSI - Get Free Report) last issued its quarterly earnings results on Thursday, August 7th. The communications equipment provider reported $3.57 earnings per share for the quarter, beating the consensus estimate of $3.36 by $0.21. Motorola Solutions had a return on equity of 134.30% and a net margin of 19.08%. The firm had revenue of $2.77 billion during the quarter, compared to the consensus estimate of $2.74 billion. During the same period last year, the company earned $3.24 earnings per share. The company's revenue was up 5.2% on a year-over-year basis. As a group, analysts expect that Motorola Solutions, Inc. will post 13.55 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts have recently commented on MSI shares. William Blair reissued an "outperform" rating on shares of Motorola Solutions in a report on Wednesday, May 28th. Wolfe Research started coverage on Motorola Solutions in a report on Monday, July 7th. They set a "peer perform" rating for the company. Barclays cut their price objective on Motorola Solutions from $511.00 to $509.00 and set an "overweight" rating for the company in a report on Friday, August 8th. Wall Street Zen lowered Motorola Solutions from a "buy" rating to a "hold" rating in a report on Thursday, May 22nd. Finally, UBS Group boosted their price objective on Motorola Solutions from $490.00 to $510.00 and gave the stock a "buy" rating in a report on Friday, August 8th. Three equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, Motorola Solutions has an average rating of "Moderate Buy" and a consensus price target of $512.67.

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.