MGO One Seven LLC Sells 702 Shares of Motorola Solutions, Inc. (NYSE:MSI)

Key Points

• MGO One Seven LLC has reduced its holdings in Motorola Solutions by 12.1%, now owning 5,118 shares worth $2,241,000.
• Motorola Solutions reported $3.18 earnings per share for the last quarter, exceeding analyst expectations of $3.01 and achieving a 5.8% revenue increase from the previous year.
• The company also announced a quarterly dividend of $1.09, equating to an annualized yield of 1.0% and a payout ratio of 36.39%.

MGO One Seven LLC lowered its position in Motorola Solutions, Inc. (NYSE:MSI - Free Report) by 12.1% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,118 shares of the communications equipment provider's stock after selling 702 shares during the period. MGO One Seven LLC's holdings in Motorola Solutions were worth $2,241,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. FMR LLC increased its position in shares of Motorola Solutions by 12.4% in the 4th quarter. FMR LLC now owns 3,030,915 shares of the communications equipment provider's stock valued at $1,400,980,000 after buying an additional 334,639 shares in the last quarter. Northern Trust Corp increased its position in shares of Motorola Solutions by 15.9% in the 4th quarter. Northern Trust Corp now owns 1,868,559 shares of the communications equipment provider's stock valued at $863,704,000 after buying an additional 256,707 shares in the last quarter. Nuveen Asset Management LLC increased its position in shares of Motorola Solutions by 15.7% in the 4th quarter. Nuveen Asset Management LLC now owns 1,554,252 shares of the communications equipment provider's stock valued at $718,422,000 after buying an additional 210,662 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Motorola Solutions by 7.6% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,432,475 shares of the communications equipment provider's stock valued at $662,133,000 after buying an additional 101,411 shares in the last quarter. Finally, GAMMA Investing LLC increased its position in shares of Motorola Solutions by 43,787.3% in the 1st quarter. GAMMA Investing LLC now owns 1,084,455 shares of the communications equipment provider's stock valued at $474,785,000 after buying an additional 1,081,984 shares in the last quarter. Institutional investors own 84.17% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. William Blair reiterated an "outperform" rating on shares of Motorola Solutions in a report on Wednesday, May 28th. Wall Street Zen cut Motorola Solutions from a "buy" rating to a "hold" rating in a report on Thursday, May 22nd. 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 report on Thursday, April 17th. Wolfe Research initiated coverage on Motorola Solutions in a report on Monday, July 7th. They set a "peer perform" rating for the company. Finally, UBS Group initiated coverage on shares of Motorola Solutions in a research note on Wednesday, July 16th. They set a "buy" rating and a $490.00 price objective for the company. Three investment 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, Motorola Solutions currently has an average rating of "Moderate Buy" and a consensus price target of $510.67.

Motorola Solutions Stock Performance

Motorola Solutions stock traded up $7.90 during trading hours on Wednesday, hitting $441.95. The company had a trading volume of 394,589 shares, compared to its average volume of 895,214. The firm has a market cap of $73.77 billion, a PE ratio of 36.89, a PEG ratio of 3.79 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, Inc. has a one year low of $388.90 and a one year high of $507.82. The firm has a 50-day moving average of $419.42 and a 200 day moving average of $428.04.

Motorola Solutions Announces Dividend

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

Insiders Place Their Bets

In other Motorola Solutions news, CAO Katherine A. Maher sold 1,073 shares of the stock in a transaction dated 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 directly owned 804 shares of the company's stock, valued at $336,618.72. This represents a 57.17% decrease in their position. The transaction was disclosed in a legal 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 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.