Motorola Solutions, Inc. (NYSE:MSI) Stake Lessened by iA Global Asset Management Inc.

Key Points

• iA Global Asset Management Inc. reduced its holdings in Motorola Solutions, Inc. by 12.7%, selling 574 shares to own a total of 3,934 shares worth $1,722,000.
• Motorola Solutions has recently paid a quarterly dividend of $1.09 per share, translating to an annualized dividend of $4.36 and a yield of 1.0%.
• Research firms generally maintain a positive outlook on Motorola Solutions, with a consensus rating of "Moderate Buy" and a price target of approximately $510.67.

iA Global Asset Management Inc. trimmed its position in Motorola Solutions, Inc. (NYSE:MSI - Free Report) by 12.7% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,934 shares of the communications equipment provider's stock after selling 574 shares during the period. iA Global Asset Management Inc.'s holdings in Motorola Solutions were worth $1,722,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. Costello Asset Management INC purchased a new position in shares of Motorola Solutions during the first quarter valued at approximately $88,000. Sfmg LLC raised its holdings in Motorola Solutions by 6.0% in the 1st quarter. Sfmg LLC now owns 1,239 shares of the communications equipment provider's stock valued at $542,000 after acquiring an additional 70 shares during the last quarter. Commonwealth Equity Services LLC lifted its stake in shares of Motorola Solutions by 8.9% during the 1st quarter. Commonwealth Equity Services LLC now owns 48,148 shares of the communications equipment provider's stock worth $21,080,000 after purchasing an additional 3,926 shares during the period. Banco Santander S.A. grew its position in shares of Motorola Solutions by 6.2% in the first quarter. Banco Santander S.A. now owns 56,069 shares of the communications equipment provider's stock valued at $24,548,000 after purchasing an additional 3,259 shares during the period. Finally, United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund grew its position in shares of Motorola Solutions by 10.5% in the first quarter. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund now owns 2,100 shares of the communications equipment provider's stock valued at $919,000 after purchasing an additional 200 shares during the period. 84.17% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Motorola Solutions

In related news, CAO Katherine A. Maher sold 1,073 shares of Motorola Solutions stock in a transaction on Thursday, May 29th. The shares were sold at an average price of $418.68, for a total transaction of $449,243.64. Following the sale, the chief accounting officer owned 804 shares of the company's stock, valued at $336,618.72. The trade was a 57.17% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 1.44% of the company's stock.

Analysts Set New Price Targets

Several equities analysts recently weighed in on MSI shares. Barclays set a $509.00 target price on Motorola Solutions and gave the stock an "overweight" rating in a research report on Friday. Wall Street Zen cut shares of Motorola Solutions from a "buy" rating to a "hold" rating in a research report on Thursday, May 22nd. Wolfe Research initiated coverage on shares of Motorola Solutions in a research report on Monday, July 7th. They set a "peer perform" rating for the company. JPMorgan Chase & Co. decreased 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. Finally, UBS Group restated a "buy" rating and set a $510.00 price objective (up from $490.00) on shares of Motorola Solutions in a report on Friday. Three investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $512.67.

Motorola Solutions Stock Up 2.0%

NYSE MSI traded up $9.02 during trading hours on Friday, hitting $454.12. The company had a trading volume of 1,617,473 shares, compared to its average volume of 862,888. The firm's 50 day moving average is $421.20 and its 200 day moving average is $427.92. 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, Inc. has a fifty-two week low of $388.90 and a fifty-two week high of $507.82. The company has a market capitalization of $75.80 billion, a price-to-earnings ratio of 36.56, a P/E/G ratio of 3.79 and a beta of 0.97.

Motorola Solutions (NYSE:MSI - Get Free Report) last posted its earnings results on Thursday, August 7th. The communications equipment provider reported $3.57 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.36 by $0.21. The business had revenue of $2.77 billion during the quarter, compared to analyst estimates of $2.74 billion. Motorola Solutions had a return on equity of 143.08% and a net margin of 19.08%. The company's revenue for the quarter was up 5.2% compared to the same quarter last year. During the same quarter last year, the firm earned $3.24 earnings per share. Sell-side analysts anticipate that Motorola Solutions, Inc. will post 13.55 earnings per share for the current fiscal year.

Motorola Solutions Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Friday, June 13th were given a dividend of $1.09 per share. This represents a $4.36 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend was Friday, June 13th. Motorola Solutions's payout ratio is presently 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.