Assetmark Inc. Has $15.32 Million Holdings in Motorola Solutions, Inc. (NYSE:MSI)

Key Points

• Assetmark Inc. increased its stake in Motorola Solutions by 8.7% during the 1st quarter, owning 35,002 shares valued at approximately $15.3 million.
• Motorola Solutions declared a quarterly dividend of $1.09 per share, reflecting a yield of 1.02% based on an annualized rate of $4.36.
• Several analysts have revised their price targets for Motorola Solutions, with Barclays and JPMorgan lowering their targets to $511 and $515, respectively, while maintaining an "overweight" rating on the stock.

Assetmark Inc. lifted its stake in shares of Motorola Solutions, Inc. (NYSE:MSI - Free Report) by 8.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 35,002 shares of the communications equipment provider's stock after purchasing an additional 2,803 shares during the period. Assetmark Inc.'s holdings in Motorola Solutions were worth $15,324,000 at the end of the most recent reporting period.

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

Insider Transactions at Motorola Solutions

In other Motorola Solutions news, CAO Katherine A. Maher sold 1,073 shares of the firm's stock in a transaction that occurred 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 sale, the chief accounting officer owned 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 filing with the SEC, which is available at this link. 1.44% of the stock is currently owned by corporate insiders.

Motorola Solutions Price Performance

Motorola Solutions stock traded up $1.32 during trading hours on Wednesday, reaching $435.27. 159,903 shares of the stock were exchanged, compared to its average volume of 883,076. The company has a market cap of $72.65 billion, a P/E ratio of 36.33, a price-to-earnings-growth ratio of 3.70 and a beta of 0.95. The company has a current ratio of 1.20, a quick ratio of 1.03 and a debt-to-equity ratio of 3.42. Motorola Solutions, Inc. has a twelve month low of $388.90 and a twelve month high of $507.82. The stock has a 50 day moving average of $417.81 and a two-hundred day moving average of $428.86.

Motorola Solutions (NYSE:MSI - Get Free Report) last announced its quarterly earnings data 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. The firm had revenue of $2.53 billion for the quarter, compared to the consensus estimate of $2.52 billion. Motorola Solutions had a net margin of 18.67% and a return on equity of 160.93%. The business's revenue for the quarter was up 5.8% on a year-over-year basis. During the same period in the prior year, the company posted $2.81 earnings per share. Equities analysts expect 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 was paid on Tuesday, July 15th. Stockholders of record on Friday, June 13th were paid a $1.09 dividend. The ex-dividend date was Friday, June 13th. This represents a $4.36 dividend on an annualized basis and a dividend yield of 1.00%. Motorola Solutions's payout ratio is currently 36.39%.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. Barclays reduced their target price on shares of Motorola Solutions from $527.00 to $511.00 and set an "overweight" rating for the company in a report on Monday, May 5th. UBS Group started coverage on shares of Motorola Solutions in a research note on Wednesday, July 16th. They issued a "buy" rating and a $490.00 price target for the company. JPMorgan Chase & Co. cut 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 note on Thursday, April 17th. Wolfe Research started coverage on shares of Motorola Solutions in a research note on Monday, July 7th. They issued a "peer perform" rating for the company. Finally, William Blair reiterated an "outperform" rating on shares of Motorola Solutions in a research note on Wednesday, May 28th. Three investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $510.67.

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.