Apollon Wealth Management LLC Purchases 14,413 Shares of Motorola Solutions, Inc. (NYSE:MSI)

Apollon Wealth Management LLC boosted its holdings in Motorola Solutions, Inc. (NYSE:MSI - Free Report) by 391.2% during the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 18,097 shares of the communications equipment provider's stock after purchasing an additional 14,413 shares during the quarter. Apollon Wealth Management LLC's holdings in Motorola Solutions were worth $7,923,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in MSI. Deseret Mutual Benefit Administrators boosted its holdings in Motorola Solutions by 5.4% in the first quarter. Deseret Mutual Benefit Administrators now owns 471 shares of the communications equipment provider's stock worth $206,000 after acquiring an additional 24 shares in the last quarter. Prestige Wealth Management Group LLC grew its position in Motorola Solutions by 11.9% during the 4th quarter. Prestige Wealth Management Group LLC now owns 235 shares of the communications equipment provider's stock valued at $109,000 after purchasing an additional 25 shares during the last quarter. Hazlett Burt & Watson Inc. grew its position 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 worth $63,000 after purchasing an additional 25 shares during the period. Clark Capital Management Group Inc. increased its position in Motorola Solutions by 4.3% during the fourth 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. Finally, Wesbanco Bank Inc. boosted its position in Motorola Solutions by 2.0% in the first quarter. Wesbanco Bank Inc. now owns 1,315 shares of the communications equipment provider's stock worth $576,000 after purchasing an additional 26 shares during the last quarter. 84.17% of the stock is owned by institutional investors.

Analysts Set New Price Targets

MSI has been the subject of several research reports. William Blair reaffirmed an "outperform" rating on shares of Motorola Solutions in a research report on Wednesday, May 28th. JPMorgan Chase & Co. lowered 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. Wolfe Research assumed coverage on shares of Motorola Solutions in a research note on Monday, July 7th. They issued a "peer perform" rating for the company. Wall Street Zen cut shares of Motorola Solutions from a "buy" rating to a "hold" rating in a research note on Thursday, May 22nd. Finally, Barclays cut their price target on Motorola Solutions from $527.00 to $511.00 and set an "overweight" rating for the company in a research note on Monday, May 5th. Three research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $513.25.

Insider Activity at Motorola Solutions

In other Motorola Solutions 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 completion of the transaction, the chief accounting officer directly owned 804 shares of the company's stock, valued at $336,618.72. The trade was a 57.17% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 1.44% of the company's stock.

Motorola Solutions Price Performance

Shares of Motorola Solutions stock traded down $2.02 during trading on Monday, reaching $414.01. 638,052 shares of the stock traded hands, compared to its average volume of 900,974. The company has a debt-to-equity ratio of 3.42, a current ratio of 1.20 and a quick ratio of 1.03. The company has a market capitalization of $69.10 billion, a price-to-earnings ratio of 34.56, a P/E/G ratio of 3.58 and a beta of 0.95. Motorola Solutions, Inc. has a 52-week low of $385.17 and a 52-week high of $507.82. The business has a fifty day simple moving average of $416.32 and a two-hundred day simple moving average of $431.90.

Motorola Solutions (NYSE:MSI - Get Free Report) last released its quarterly 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. The business had revenue of $2.53 billion during the quarter, compared to analysts' expectations of $2.52 billion. Motorola Solutions had a return on equity of 160.93% and a net margin of 18.67%. The firm's revenue for the quarter was up 5.8% compared to the same quarter last year. During the same quarter last year, the business posted $2.81 EPS. Sell-side analysts expect that Motorola Solutions, Inc. will post 13.55 EPS for the current year.

Motorola Solutions Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Friday, June 13th will be given a dividend of $1.09 per share. The ex-dividend date of this dividend is Friday, June 13th. This represents a $4.36 dividend on an annualized basis and a yield of 1.05%. Motorola Solutions's dividend payout ratio (DPR) is presently 36.39%.

About Motorola Solutions

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.