Mirae Asset Global Investments Co. Ltd. Acquires 3,609 Shares of Motorola Solutions, Inc. (NYSE:MSI)

Mirae Asset Global Investments Co. Ltd. raised its holdings in Motorola Solutions, Inc. (NYSE:MSI - Free Report) by 14.7% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 28,231 shares of the communications equipment provider's stock after purchasing an additional 3,609 shares during the period. Mirae Asset Global Investments Co. Ltd.'s holdings in Motorola Solutions were worth $12,224,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. ORG Wealth Partners LLC lifted its position in shares of Motorola Solutions by 346.2% in the 1st quarter. ORG Wealth Partners LLC now owns 58 shares of the communications equipment provider's stock worth $25,000 after buying an additional 45 shares during the last quarter. SBI Securities Co. Ltd. acquired a new stake in shares of Motorola Solutions in the 4th quarter worth approximately $30,000. Meeder Asset Management Inc. bought a new position in Motorola Solutions during the 4th quarter valued at $32,000. Community Bank N.A. bought a new position in Motorola Solutions during the first quarter valued at about $32,000. Finally, Fourth Dimension Wealth LLC acquired a new position in shares of Motorola Solutions in the 4th quarter worth approximately $34,000. 84.17% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CAO Katherine A. Maher sold 1,073 shares of the company's stock in a transaction dated 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 of the company's stock, valued at approximately $336,618.72. This represents a 57.17% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.44% of the stock is owned by company insiders.

Motorola Solutions Stock Performance

Shares of MSI traded down $6.46 during mid-day trading on Wednesday, hitting $419.20. The company's stock had a trading volume of 326,755 shares, compared to its average volume of 820,286. The company has a debt-to-equity ratio of 3.42, a quick ratio of 1.03 and a current ratio of 1.20. Motorola Solutions, Inc. has a one year low of $384.51 and a one year high of $507.82. The stock's 50-day moving average is $417.72 and its two-hundred day moving average is $434.76. The firm has a market capitalization of $69.97 billion, a PE ratio of 34.99, a price-to-earnings-growth ratio of 3.62 and a beta of 0.95.

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 for the quarter, topping the consensus estimate of $3.01 by $0.17. The company had revenue of $2.53 billion for the quarter, compared to analyst estimates of $2.52 billion. Motorola Solutions had a return on equity of 160.93% and a net margin of 18.67%. Motorola Solutions's revenue for the quarter was up 5.8% compared to the same quarter last year. During the same quarter last year, the firm earned $2.81 EPS. As a group, sell-side analysts anticipate 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. Stockholders of record on Friday, June 13th will be paid a $1.09 dividend. The ex-dividend date of this dividend is Friday, June 13th. This represents a $4.36 annualized dividend and a dividend yield of 1.04%. Motorola Solutions's dividend payout ratio is currently 36.39%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. William Blair restated an "outperform" rating on shares of Motorola Solutions in a report on Wednesday, May 28th. Wall Street Zen lowered shares of Motorola Solutions from a "buy" rating to a "hold" rating in a research note on Thursday, May 22nd. 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. Finally, JPMorgan Chase & Co. cut 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. Two research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, Motorola Solutions has an average rating of "Moderate Buy" and a consensus price target of $513.25.

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.