Motorola Solutions, Inc. (NYSE:MSI) Shares Sold by Alberta Investment Management Corp

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 decreased its position in Motorola Solutions, Inc. (NYSE:MSI - Free Report) by 8.6% in the 1st quarter, according to its most recent Form 13F filing 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 quarter. Alberta Investment Management Corp's holdings in Motorola Solutions were worth $3,721,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. ORG Wealth Partners LLC grew its position in Motorola Solutions by 346.2% in the first quarter. ORG Wealth Partners LLC now owns 58 shares of the communications equipment provider's stock valued at $25,000 after acquiring an additional 45 shares in the last quarter. Community Bank N.A. purchased a new position in shares of Motorola Solutions during the 1st quarter valued at approximately $32,000. Fourth Dimension Wealth LLC purchased a new position in shares of Motorola Solutions during the 4th quarter valued at approximately $34,000. Fort Vancouver Investment Management LLC purchased a new position in shares of Motorola Solutions during the 1st quarter valued at approximately $37,000. Finally, Alpine Bank Wealth Management purchased a new position in shares of Motorola Solutions during the 1st quarter valued at approximately $40,000. Institutional investors and hedge funds own 84.17% of the company's stock.

Motorola Solutions Stock Performance

Shares of MSI opened at $437.08 on Friday. The business's fifty day moving average price is $418.71 and its 200 day moving average price is $428.41. Motorola Solutions, Inc. has a 12-month low of $388.90 and a 12-month high of $507.82. The stock has a market capitalization of $72.96 billion, a PE ratio of 36.48, a price-to-earnings-growth ratio of 3.76 and a beta of 0.97. The company has a debt-to-equity ratio of 3.42, a current ratio of 1.20 and a quick ratio of 1.03.

Motorola Solutions (NYSE:MSI - Get Free Report) last posted its earnings results on Thursday, May 1st. The communications equipment provider reported $3.18 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.01 by $0.17. The company had revenue of $2.53 billion for 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 quarterly revenue was up 5.8% compared to the same quarter last year. During the same period last year, the business posted $2.81 earnings per share. Equities research analysts forecast that Motorola Solutions, Inc. will post 13.55 EPS for the current year.

Motorola Solutions Announces Dividend

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

Wall Street Analysts Forecast Growth

Several research firms have recently commented on MSI. William Blair reiterated an "outperform" rating on shares of Motorola Solutions in a research note on Wednesday, May 28th. Wall Street Zen cut Motorola Solutions from a "buy" rating to a "hold" rating in a research note on Thursday, May 22nd. UBS Group began coverage on Motorola Solutions in a research note on Wednesday, July 16th. They set a "buy" rating and a $490.00 target price for the company. JPMorgan Chase & Co. reduced their target price on Motorola Solutions from $570.00 to $515.00 and set an "overweight" rating for the company in a research note on Thursday, April 17th. Finally, Wolfe Research began coverage on Motorola Solutions in a research note on Monday, July 7th. They set a "peer perform" rating for the company. Three research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, Motorola Solutions presently has a consensus rating of "Moderate Buy" and a consensus target price of $510.67.

Insider Transactions at Motorola Solutions

In other Motorola Solutions news, CAO Katherine A. Maher sold 1,073 shares of the firm's stock in a transaction on Thursday, May 29th. The stock was sold at an average price of $418.68, for a total value of $449,243.64. Following the sale, the chief accounting officer directly owned 804 shares in the company, valued at approximately $336,618.72. This trade represents a 57.17% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 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.

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