Edgestream Partners L.P. Raises Position in Motorola Solutions, Inc. (NYSE:MSI)

Edgestream Partners L.P. lifted its position in shares of Motorola Solutions, Inc. (NYSE:MSI - Free Report) by 154.7% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 8,368 shares of the communications equipment provider's stock after acquiring an additional 5,083 shares during the quarter. Edgestream Partners L.P.'s holdings in Motorola Solutions were worth $3,664,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in MSI. ORG Wealth Partners LLC boosted its position in shares of Motorola Solutions by 346.2% during the first 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 period. Meeder Asset Management Inc. bought a new position in Motorola Solutions during the fourth quarter worth $32,000. Community Bank N.A. bought a new position in shares of Motorola Solutions during the first quarter worth approximately $32,000. Fourth Dimension Wealth LLC bought a new position in shares of Motorola Solutions during the fourth quarter worth approximately $34,000. Finally, Fort Vancouver Investment Management LLC bought a new position in shares of Motorola Solutions during the first quarter worth approximately $37,000. Institutional investors own 84.17% of the company's stock.

Insider Transactions at Motorola Solutions

In other news, CAO Katherine A. Maher sold 1,073 shares of the company'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 owned 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 document filed with the SEC, which can be accessed through the SEC website. 1.44% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on MSI shares. Barclays lowered their price objective on Motorola Solutions from $527.00 to $511.00 and set an "overweight" rating on the stock in a research note on Monday, May 5th. JPMorgan Chase & Co. lowered their target price on Motorola Solutions from $570.00 to $515.00 and set an "overweight" rating for the company in a research report on Thursday, April 17th. Wolfe Research started coverage on Motorola Solutions in a research report on Monday, July 7th. They set a "peer perform" rating for the company. Wall Street Zen lowered Motorola Solutions from a "buy" rating to a "hold" rating in a research report on Thursday, May 22nd. Finally, UBS Group assumed coverage on Motorola Solutions in a research report on Wednesday. They issued a "buy" rating and a $490.00 target price for the company. Three analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $510.67.

Motorola Solutions Stock Performance

Shares of NYSE MSI traded down $0.64 during midday trading on Friday, reaching $420.40. The company's stock had a trading volume of 741,394 shares, compared to its average volume of 830,058. Motorola Solutions, Inc. has a 12-month low of $385.17 and a 12-month high of $507.82. 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 firm has a 50 day moving average price of $416.65 and a 200-day moving average price of $430.97. The stock has a market capitalization of $70.17 billion, a P/E ratio of 35.09, a PEG ratio of 3.58 and a beta of 0.95.

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

Motorola Solutions Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Friday, June 13th were issued a dividend of $1.09 per share. The ex-dividend date was Friday, June 13th. This represents a $4.36 dividend on an annualized basis and a yield of 1.04%. Motorola Solutions's payout ratio is 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.