Harvey Capital Management Inc. Buys Shares of 1,320 Motorola Solutions, Inc. (NYSE:MSI)

Harvey Capital Management Inc. bought a new stake in shares of Motorola Solutions, Inc. (NYSE:MSI - Free Report) during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 1,320 shares of the communications equipment provider's stock, valued at approximately $578,000.

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

Motorola Solutions Stock Down 0.3%

Shares of MSI stock traded down $1.23 on Friday, hitting $416.50. The stock had a trading volume of 720,333 shares, compared to its average volume of 824,864. The stock's 50 day moving average is $416.13 and its 200-day moving average is $432.84. 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 capitalization of $69.52 billion, a price-to-earnings ratio of 34.77, a P/E/G ratio of 3.60 and a beta of 0.95. Motorola Solutions, Inc. has a 52-week low of $385.17 and a 52-week high of $507.82.

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

Motorola Solutions Announces Dividend

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 issued a $1.09 dividend. This represents a $4.36 dividend on an annualized basis and a yield of 1.05%. The ex-dividend date of this dividend is Friday, June 13th. Motorola Solutions's dividend payout ratio is presently 36.39%.

Insiders Place Their Bets

In other news, CAO Katherine A. Maher sold 1,073 shares of the firm's stock in a transaction dated Thursday, May 29th. The shares were sold at an average price of $418.68, for a total value of $449,243.64. Following the transaction, the chief accounting officer directly owned 804 shares in the company, valued at approximately $336,618.72. This trade represents a 57.17% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.44% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on MSI. Wolfe Research assumed coverage on shares of Motorola Solutions in a report on Monday. They issued a "peer perform" rating on the stock. William Blair reissued an "outperform" rating on shares of Motorola Solutions in a research report on Wednesday, May 28th. Wall Street Zen downgraded Motorola Solutions from a "buy" rating to a "hold" rating in a report on Thursday, May 22nd. Barclays decreased their target price on Motorola Solutions from $527.00 to $511.00 and set an "overweight" rating for the company in a report on Monday, May 5th. Finally, JPMorgan Chase & Co. cut their price target on shares of Motorola Solutions from $570.00 to $515.00 and set an "overweight" rating on the stock in a report on Thursday, April 17th. Three analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to 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.