Alberta Investment Management Corp Decreases Position in Motorola Solutions, Inc. (NYSE:MSI)

Key Points

• Alberta Investment Management Corp reduced its stake in Motorola Solutions by 8.6%, now holding 8,500 shares valued at approximately $3.72 million.
• Motorola Solutions reported earnings of $3.18 EPS for the last quarter, exceeding analysts' expectations, with a revenue increase of 5.8% year-over-year.
• The company announced a quarterly dividend of $1.09, yielding 1.0% annually, with a payout ratio of 36.39%.

Alberta Investment Management Corp reduced its position in shares of Motorola Solutions, Inc. (NYSE:MSI - Free Report) by 8.6% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 8,500 shares of the communications equipment provider's stock after selling 800 shares during the period. Alberta Investment Management Corp's holdings in Motorola Solutions were worth $3,721,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Kingswood Wealth Advisors LLC increased its stake in shares of Motorola Solutions by 3.2% in the first quarter. Kingswood Wealth Advisors LLC now owns 935 shares of the communications equipment provider's stock valued at $409,000 after purchasing an additional 29 shares during the period. Oppenheimer & Co. Inc. boosted its stake in Motorola Solutions by 228.9% during the 1st quarter. Oppenheimer & Co. Inc. now owns 8,367 shares of the communications equipment provider's stock valued at $3,663,000 after purchasing an additional 5,823 shares in the last quarter. Perennial Investment Advisors LLC raised its stake in shares of Motorola Solutions by 14.4% in the 4th quarter. Perennial Investment Advisors LLC now owns 828 shares of the communications equipment provider's stock worth $383,000 after buying an additional 104 shares in the last quarter. Sowell Financial Services LLC acquired a new position in Motorola Solutions during the first quarter worth about $874,000. Finally, Farther Finance Advisors LLC raised its position in Motorola Solutions by 35.1% in the first quarter. Farther Finance Advisors LLC now owns 1,344 shares of the communications equipment provider's stock worth $586,000 after acquiring an additional 349 shares in the last quarter. Institutional investors and hedge funds own 84.17% of the company's stock.

Motorola Solutions Price Performance

Motorola Solutions stock traded up $4.40 during trading hours on Thursday, reaching $446.52. 1,114,441 shares of the stock were exchanged, compared to its average volume of 897,190. The stock has a 50 day moving average of $419.86 and a two-hundred day moving average of $428.14. The company has a market cap of $74.53 billion, a P/E ratio of 37.27, a price-to-earnings-growth ratio of 3.73 and a beta of 0.97. 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.

Motorola Solutions Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Friday, June 13th were paid a dividend of $1.09 per share. The ex-dividend date of this dividend was Friday, June 13th. This represents a $4.36 annualized dividend and a dividend yield of 1.0%. Motorola Solutions's dividend payout ratio (DPR) is presently 36.39%.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on MSI shares. JPMorgan Chase & Co. decreased their price target 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. UBS Group started coverage on Motorola Solutions in a report on Wednesday, July 16th. They issued a "buy" rating and a $490.00 target price for the company. Barclays lowered their price target on Motorola Solutions from $527.00 to $511.00 and set an "overweight" rating on the stock in a report on Monday, May 5th. Wall Street Zen downgraded Motorola Solutions from a "buy" rating to a "hold" rating in a report on Thursday, May 22nd. Finally, Wolfe Research began coverage on shares of Motorola Solutions in a research report on Monday, July 7th. They set a "peer perform" rating on the stock. Three equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $510.67.

Insider Activity

In other news, CAO Katherine A. Maher sold 1,073 shares of the 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 sale, the chief accounting officer directly owned 804 shares in the company, valued at $336,618.72. This represents a 57.17% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 1.44% of the company's stock.

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.