Artemis Investment Management LLP Lowers Position in Motorola Solutions, Inc. (NYSE:MSI)

Artemis Investment Management LLP cut its holdings in Motorola Solutions, Inc. (NYSE:MSI - Free Report) by 92.8% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 669 shares of the communications equipment provider's stock after selling 8,673 shares during the quarter. Artemis Investment Management LLP's holdings in Motorola Solutions were worth $293,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Kingswood Wealth Advisors LLC lifted its stake in 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 buying an additional 29 shares during the period. Bryce Point Capital LLC acquired a new position in Motorola Solutions in the fourth quarter valued at approximately $518,000. Oppenheimer & Co. Inc. lifted its stake in Motorola Solutions by 228.9% in the first quarter. Oppenheimer & Co. Inc. now owns 8,367 shares of the communications equipment provider's stock valued at $3,663,000 after buying an additional 5,823 shares during the period. Perennial Investment Advisors LLC lifted its stake in Motorola Solutions by 14.4% in the fourth quarter. Perennial Investment Advisors LLC now owns 828 shares of the communications equipment provider's stock valued at $383,000 after buying an additional 104 shares during the period. Finally, Sowell Financial Services LLC acquired a new position in Motorola Solutions in the first quarter valued at approximately $874,000. 84.17% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Motorola Solutions news, CAO Katherine A. Maher sold 1,073 shares of the stock in a transaction that occurred 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 completion of the sale, the chief accounting officer now owns 804 shares in the company, valued at approximately $336,618.72. This trade represents a 57.17% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 1.44% of the company's stock.

Motorola Solutions Price Performance

NYSE MSI traded up $2.85 during trading on Friday, reaching $418.12. The company's stock had a trading volume of 908,372 shares, compared to its average volume of 816,410. The stock has a market capitalization of $69.79 billion, a PE ratio of 34.90, a P/E/G ratio of 3.60 and a beta of 0.96. 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 fifty day moving average of $417.48 and a 200 day moving average of $435.42. Motorola Solutions, Inc. has a one year low of $384.51 and a one year high of $507.82.

Motorola Solutions (NYSE:MSI - Get Free Report) last announced 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 firm had revenue of $2.53 billion for the quarter, compared to analyst estimates of $2.52 billion. During the same period in the prior year, the company earned $2.81 EPS. The company's revenue was up 5.8% on a year-over-year basis. Analysts expect that Motorola Solutions, Inc. will post 13.55 EPS for the current fiscal year.

Motorola Solutions Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Friday, June 13th will be issued a $1.09 dividend. This represents a $4.36 annualized dividend and a yield of 1.04%. The ex-dividend date of this dividend is Friday, June 13th. Motorola Solutions's dividend payout ratio (DPR) is currently 36.39%.

Analyst Upgrades and Downgrades

MSI has been the topic of several recent analyst reports. Barclays dropped their target price 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. JPMorgan Chase & Co. reduced their price objective 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. William Blair reaffirmed an "outperform" rating on shares of Motorola Solutions in a research report on Wednesday, May 28th. Finally, Wall Street Zen cut Motorola Solutions from a "buy" rating to a "hold" rating in a research report on Thursday, May 22nd. Two research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price 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.