Motorola Solutions, Inc. (NYSE:MSI) Position Boosted by Procyon Advisors LLC

Procyon Advisors LLC grew its stake in Motorola Solutions, Inc. (NYSE:MSI - Free Report) by 381.0% during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,530 shares of the communications equipment provider's stock after purchasing an additional 2,004 shares during the quarter. Procyon Advisors LLC's holdings in Motorola Solutions were worth $1,107,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of MSI. National Pension Service lifted its holdings in shares of Motorola Solutions by 22.9% in the 4th quarter. National Pension Service now owns 470,878 shares of the communications equipment provider's stock worth $217,654,000 after purchasing an additional 87,722 shares during the last quarter. Union Bancaire Privee UBP SA bought a new stake in Motorola Solutions in the fourth quarter valued at $24,136,000. Proficio Capital Partners LLC lifted its stake in Motorola Solutions by 56,562.5% in the fourth quarter. Proficio Capital Partners LLC now owns 315,610 shares of the communications equipment provider's stock valued at $145,884,000 after buying an additional 315,053 shares during the last quarter. Legacy Solutions LLC acquired a new position in shares of Motorola Solutions during the fourth quarter valued at $407,000. Finally, Los Angeles Capital Management LLC grew its position in shares of Motorola Solutions by 16.4% during the fourth quarter. Los Angeles Capital Management LLC now owns 476,564 shares of the communications equipment provider's stock worth $220,282,000 after acquiring an additional 67,143 shares during the last quarter. Institutional investors and hedge funds own 84.17% of the company's stock.

Insider Activity at Motorola Solutions

In other Motorola Solutions 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 transaction of $449,243.64. Following the completion of the sale, the chief accounting officer now directly owns 804 shares of the company's stock, valued at approximately $336,618.72. This represents 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. 1.44% of the stock is currently owned by corporate insiders.

Motorola Solutions Price Performance

MSI traded down $3.49 during trading on Wednesday, reaching $408.75. The stock had a trading volume of 519,303 shares, compared to its average volume of 808,488. The company has a quick ratio of 1.13, a current ratio of 1.28 and a debt-to-equity ratio of 3.30. The firm has a market capitalization of $68.23 billion, a price-to-earnings ratio of 44.34, a price-to-earnings-growth ratio of 3.82 and a beta of 0.96. The stock has a 50 day moving average of $418.36 and a two-hundred day moving average of $442.78. Motorola Solutions, Inc. has a 1-year low of $370.00 and a 1-year high of $507.82.

Motorola Solutions (NYSE:MSI - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The communications equipment provider reported $3.18 earnings per share for the quarter, beating analysts' consensus estimates of $3.01 by $0.17. The company had revenue of $2.53 billion during the quarter, compared to the consensus estimate of $2.52 billion. Motorola Solutions had a net margin of 14.58% and a return on equity of 197.59%. Motorola Solutions's revenue was up 5.8% on a year-over-year basis. During the same period in the prior year, the company earned $2.81 EPS. As a group, equities analysts anticipate that Motorola Solutions, Inc. will post 13.55 EPS for the current fiscal year.

Motorola Solutions Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Friday, June 13th will be issued a dividend of $1.09 per share. This represents a $4.36 annualized dividend and a dividend yield of 1.07%. The ex-dividend date of this dividend is Friday, June 13th. Motorola Solutions's dividend payout ratio is 36.39%.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on MSI. Barclays cut their price objective on shares of Motorola Solutions from $527.00 to $511.00 and set an "overweight" rating on the stock in a research report on Monday, May 5th. Wall Street Zen cut Motorola Solutions from a "buy" rating to a "hold" rating in a report on Thursday, May 22nd. Morgan Stanley boosted their price objective on Motorola Solutions from $495.00 to $505.00 and gave the stock an "equal weight" rating in a research report on Friday, February 14th. William Blair restated an "outperform" rating on shares of Motorola Solutions in a research report on Wednesday, May 28th. Finally, JPMorgan Chase & Co. cut their target price on Motorola Solutions from $570.00 to $515.00 and set an "overweight" rating on the stock in a research note on Thursday, April 17th. Two research analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $513.25.

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.