Harel Insurance Investments & Financial Services Ltd. Boosts Stock Position in Motorola Solutions, Inc. (NYSE:MSI)

Harel Insurance Investments & Financial Services Ltd. grew its holdings in shares of Motorola Solutions, Inc. (NYSE:MSI - Free Report) by 1,825.9% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 11,594 shares of the communications equipment provider's stock after buying an additional 10,992 shares during the period. Harel Insurance Investments & Financial Services Ltd.'s holdings in Motorola Solutions were worth $5,080,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of MSI. Perennial Investment Advisors LLC boosted its stake in Motorola Solutions by 14.4% in the 4th quarter. Perennial Investment Advisors LLC now owns 828 shares of the communications equipment provider's stock worth $383,000 after purchasing an additional 104 shares in the last quarter. Revolve Wealth Partners LLC purchased a new position in Motorola Solutions in the 4th quarter worth about $208,000. Norden Group LLC purchased a new stake in shares of Motorola Solutions during the 4th quarter valued at about $203,000. SBI Securities Co. Ltd. purchased a new stake in shares of Motorola Solutions during the 4th quarter valued at about $30,000. Finally, Commerzbank Aktiengesellschaft FI increased its position in shares of Motorola Solutions by 23.0% during the 4th quarter. Commerzbank Aktiengesellschaft FI now owns 1,009 shares of the communications equipment provider's stock valued at $468,000 after purchasing an additional 189 shares during the last quarter. Institutional investors own 84.17% of the company's stock.

Insider Activity 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 transaction, the chief accounting officer owned 804 shares in the company, valued at approximately $336,618.72. This trade represents a 57.17% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 1.44% of the company's stock.

Motorola Solutions Trading Up 0.3%

Shares of NYSE:MSI traded up $1.47 on Monday, hitting $426.31. 209,541 shares of the company's stock were exchanged, compared to its average volume of 822,383. Motorola Solutions, Inc. has a 12 month low of $385.17 and a 12 month high of $507.82. The stock has a market capitalization of $71.16 billion, a price-to-earnings ratio of 35.59, a price-to-earnings-growth ratio of 3.66 and a beta of 0.95. The business's 50 day simple moving average is $417.48 and its two-hundred day simple moving average is $433.72. The company has a debt-to-equity ratio of 3.42, a current ratio of 1.20 and a quick ratio of 1.03.

Motorola Solutions (NYSE:MSI - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The communications equipment provider reported $3.18 EPS for the quarter, beating the consensus estimate of $3.01 by $0.17. The firm had revenue of $2.53 billion for the quarter, compared to analyst estimates of $2.52 billion. Motorola Solutions had a return on equity of 160.93% and a net margin of 18.67%. The business's revenue for the quarter was up 5.8% on a year-over-year basis. During the same quarter last year, the firm posted $2.81 earnings per share. 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 annualized dividend and a dividend yield of 1.02%. Motorola Solutions's dividend payout ratio is currently 36.39%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. Barclays cut their price objective on Motorola Solutions from $527.00 to $511.00 and set an "overweight" rating for the company in a research note on Monday, May 5th. Wall Street Zen downgraded Motorola Solutions from a "buy" rating to a "hold" rating in a research report on Thursday, May 22nd. JPMorgan Chase & Co. lowered their target price on Motorola Solutions from $570.00 to $515.00 and set an "overweight" rating for the company in a research report on Thursday, April 17th. Finally, William Blair reaffirmed an "outperform" rating on shares of Motorola Solutions in a research note on Wednesday, May 28th. Two investment 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 stock presently has an average rating of "Moderate Buy" and an average 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.