Janney Montgomery Scott LLC Has $15.30 Million Stock Holdings in Motorola Solutions, Inc. (NYSE:MSI)

Janney Montgomery Scott LLC cut its stake in Motorola Solutions, Inc. (NYSE:MSI - Free Report) by 10.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 34,953 shares of the communications equipment provider's stock after selling 3,935 shares during the quarter. Janney Montgomery Scott LLC's holdings in Motorola Solutions were worth $15,303,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of MSI. National Pension Service increased its position in Motorola Solutions by 22.9% during the fourth quarter. National Pension Service now owns 470,878 shares of the communications equipment provider's stock worth $217,654,000 after buying an additional 87,722 shares during the last quarter. Union Bancaire Privee UBP SA acquired a new position in Motorola Solutions during the fourth quarter worth $24,136,000. Proficio Capital Partners LLC increased its position in Motorola Solutions by 56,562.5% during the fourth quarter. Proficio Capital Partners LLC now owns 315,610 shares of the communications equipment provider's stock worth $145,884,000 after buying an additional 315,053 shares during the last quarter. Legacy Solutions LLC acquired a new position in Motorola Solutions during the fourth quarter worth $407,000. Finally, Los Angeles Capital Management LLC increased its position in Motorola Solutions by 16.4% during the fourth quarter. Los Angeles Capital Management LLC now owns 476,564 shares of the communications equipment provider's stock worth $220,282,000 after buying an additional 67,143 shares during the last quarter. 84.17% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Motorola Solutions

In other Motorola Solutions 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 transaction of $449,243.64. Following the completion of the transaction, the chief accounting officer now owns 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 document filed with the Securities & Exchange Commission, which is available at this link. 1.44% of the stock is owned by corporate insiders.

Motorola Solutions Stock Down 0.5%

MSI stock opened at $404.41 on Thursday. 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 52-week low of $380.72 and a 52-week high of $507.82. The company has a 50-day moving average of $418.74 and a two-hundred day moving average of $439.44. The stock has a market capitalization of $67.50 billion, a price-to-earnings ratio of 33.76, a price-to-earnings-growth ratio of 3.50 and a beta of 0.96.

Motorola Solutions (NYSE:MSI - Get Free Report) last released its earnings results on Thursday, May 1st. The communications equipment provider reported $3.18 earnings per share for the quarter, beating the consensus estimate 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 analysts' expectations of $2.52 billion. During the same quarter last year, the company earned $2.81 earnings per share. The firm's revenue was up 5.8% on a year-over-year basis. As a group, equities research analysts anticipate that Motorola Solutions, Inc. will post 13.55 EPS for the current year.

Motorola Solutions Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Friday, June 13th will be paid a $1.09 dividend. This represents a $4.36 annualized dividend and a dividend yield of 1.08%. The ex-dividend date is Friday, June 13th. Motorola Solutions's payout ratio is presently 36.39%.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. William Blair reissued an "outperform" rating on shares of Motorola Solutions in a research report on Wednesday, May 28th. Barclays lowered their target price on shares of Motorola Solutions from $527.00 to $511.00 and set an "overweight" rating on the stock in a research report on Monday, May 5th. Wall Street Zen cut shares of Motorola Solutions from a "buy" rating to a "hold" rating in a report on Thursday, May 22nd. Finally, JPMorgan Chase & Co. decreased 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. Two investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.