Motorola Solutions, Inc. (NYSE:MSI) Shares Sold by Envestnet Portfolio Solutions Inc.

Envestnet Portfolio Solutions Inc. lowered its position in shares of Motorola Solutions, Inc. (NYSE:MSI - Free Report) by 13.4% in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 12,437 shares of the communications equipment provider's stock after selling 1,928 shares during the quarter. Envestnet Portfolio Solutions Inc.'s holdings in Motorola Solutions were worth $5,445,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Prestige Wealth Management Group LLC lifted its position in Motorola Solutions by 11.9% during the fourth quarter. Prestige Wealth Management Group LLC now owns 235 shares of the communications equipment provider's stock worth $109,000 after buying an additional 25 shares during the period. Hazlett Burt & Watson Inc. grew its holdings in Motorola Solutions by 22.5% in the 4th quarter. Hazlett Burt & Watson Inc. now owns 136 shares of the communications equipment provider's stock valued at $63,000 after buying an additional 25 shares during the period. Clark Capital Management Group Inc. increased its stake in shares of Motorola Solutions by 4.3% during the 4th quarter. Clark Capital Management Group Inc. now owns 636 shares of the communications equipment provider's stock valued at $294,000 after acquiring an additional 26 shares during the last quarter. Wesbanco Bank Inc. increased its stake in shares of Motorola Solutions by 2.0% during the 1st quarter. Wesbanco Bank Inc. now owns 1,315 shares of the communications equipment provider's stock valued at $576,000 after acquiring an additional 26 shares during the last quarter. Finally, Cozad Asset Management Inc. lifted its holdings in shares of Motorola Solutions by 2.8% during the 4th quarter. Cozad Asset Management Inc. now owns 1,008 shares of the communications equipment provider's stock worth $466,000 after acquiring an additional 27 shares during the period. Institutional investors and hedge funds own 84.17% of the company's stock.

Insider Buying and Selling at Motorola Solutions

In other Motorola Solutions news, CAO Katherine A. Maher sold 1,073 shares of the business's stock in a transaction on 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 now owns 804 shares in the company, valued at $336,618.72. The trade was a 57.17% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 1.44% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several brokerages recently commented on MSI. JPMorgan Chase & Co. dropped 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. Barclays lowered their price objective on shares of 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 report on Thursday, May 22nd. Finally, William Blair reiterated an "outperform" rating on shares of Motorola Solutions in a report on Wednesday, May 28th. Two equities research 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.com, Motorola Solutions currently has a consensus rating of "Moderate Buy" and a consensus price target of $513.25.

Motorola Solutions Trading Up 0.3%

Shares of MSI stock traded up $1.30 during mid-day trading on Friday, reaching $406.04. The company's stock had a trading volume of 1,457,806 shares, compared to its average volume of 816,515. The company has a quick ratio of 1.03, a current ratio of 1.20 and a debt-to-equity ratio of 3.42. The firm has a market capitalization of $67.78 billion, a PE ratio of 33.89, a price-to-earnings-growth ratio of 3.50 and a beta of 0.96. The company's 50 day simple moving average is $418.23 and its 200-day simple moving average is $437.76. Motorola Solutions, Inc. has a 12-month low of $380.72 and a 12-month high of $507.82.

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

Motorola Solutions Announces Dividend

The business also recently declared 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 1.07%. The ex-dividend date is Friday, June 13th. Motorola Solutions's dividend payout ratio is presently 36.39%.

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.