Mackenzie Financial Corp Has $397.85 Million Stock Holdings in Motorola Solutions, Inc. (NYSE:MSI)

Key Points

• Mackenzie Financial Corp has reduced its stake in Motorola Solutions by 10.2%, holding approximately $397.85 million worth of the company's stock after selling over 103,000 shares in the first quarter.
• Motorola Solutions reported a quarterly earnings per share of $3.18, exceeding analyst expectations of $3.01 and indicating a year-over-year revenue increase of 5.8%.
• The company recently announced a quarterly dividend of $1.09 per share, yielding 1.02%, with a payout ratio of 36.39%.

Mackenzie Financial Corp trimmed its stake in shares of Motorola Solutions, Inc. (NYSE:MSI - Free Report) by 10.2% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 908,732 shares of the communications equipment provider's stock after selling 103,534 shares during the quarter. Mackenzie Financial Corp owned approximately 0.54% of Motorola Solutions worth $397,852,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. ORG Wealth Partners LLC increased its position in Motorola Solutions by 346.2% during the 1st quarter. ORG Wealth Partners LLC now owns 58 shares of the communications equipment provider's stock worth $25,000 after purchasing an additional 45 shares in the last quarter. Meeder Asset Management Inc. acquired a new position in Motorola Solutions in the 4th quarter valued at approximately $32,000. Community Bank N.A. acquired a new position in Motorola Solutions in the 1st quarter valued at approximately $32,000. Fourth Dimension Wealth LLC acquired a new position in Motorola Solutions in the 4th quarter valued at approximately $34,000. Finally, Fort Vancouver Investment Management LLC acquired a new position in Motorola Solutions in the 1st quarter valued at approximately $37,000. 84.17% of the stock is currently owned by institutional investors and hedge funds.

Motorola Solutions Stock Up 0.7%

Shares of NYSE MSI opened at $428.01 on Monday. The firm has a market cap of $71.44 billion, a PE ratio of 35.73, a P/E/G ratio of 3.68 and a beta of 0.95. Motorola Solutions, Inc. has a 12-month low of $385.60 and a 12-month high of $507.82. The company's fifty day simple moving average is $417.50 and its 200 day simple moving average is $429.00. The company has a quick ratio of 1.03, a current ratio of 1.20 and a debt-to-equity ratio of 3.42.

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

Motorola Solutions Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Friday, June 13th were paid a dividend of $1.09 per share. This represents a $4.36 annualized dividend and a yield of 1.02%. The ex-dividend date was Friday, June 13th. Motorola Solutions's dividend payout ratio is presently 36.39%.

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. William Blair restated an "outperform" rating on shares of Motorola Solutions in a research report on Wednesday, May 28th. 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 research report on Thursday, April 17th. Wolfe Research assumed coverage on shares of Motorola Solutions in a research report on Monday, July 7th. They issued a "peer perform" rating for the company. Barclays decreased their price target on shares of Motorola Solutions from $527.00 to $511.00 and set an "overweight" rating for the company in a research report on Monday, May 5th. Finally, Wall Street Zen cut shares of Motorola Solutions from a "buy" rating to a "hold" rating in a research report on Thursday, May 22nd. Three analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, Motorola Solutions presently has a consensus rating of "Moderate Buy" and an average target price of $510.67.

Insider Transactions at Motorola Solutions

In related news, CAO Katherine A. Maher sold 1,073 shares of the 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 transaction, the chief accounting officer directly owned 804 shares of the company's stock, valued at $336,618.72. This 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 can be accessed through the SEC website. 1.44% of the stock is currently owned by corporate insiders.

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.

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