Mizuho Securities USA LLC Lowers Position in Motorola Solutions, Inc. (NYSE:MSI)

Key Points

• Mizuho Securities USA LLC reduced its stake in Motorola Solutions by 15.5%, selling 2,458 shares to hold a total of 13,381 shares, valued at approximately $5.86 million.
• Motorola Solutions reported a quarterly EPS of $3.57, exceeding market expectations, with a net margin of 19.08% and a revenue of $2.77 billion for the quarter.
• The company recently declared a quarterly dividend of $1.09 per share, yielding about 1.0%, with a payout ratio of 36.39%.

Mizuho Securities USA LLC decreased its position in Motorola Solutions, Inc. (NYSE:MSI - Free Report) by 15.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,381 shares of the communications equipment provider's stock after selling 2,458 shares during the period. Mizuho Securities USA LLC's holdings in Motorola Solutions were worth $5,858,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. ORG Wealth Partners LLC boosted its position in shares of Motorola Solutions by 346.2% during the 1st quarter. ORG Wealth Partners LLC now owns 58 shares of the communications equipment provider's stock worth $25,000 after purchasing an additional 45 shares during the period. Community Bank N.A. purchased a new position in shares of Motorola Solutions during the 1st quarter worth approximately $32,000. Fourth Dimension Wealth LLC purchased a new position in shares of Motorola Solutions during the 4th quarter worth approximately $34,000. Fort Vancouver Investment Management LLC purchased a new position in shares of Motorola Solutions during the 1st quarter worth approximately $37,000. Finally, Alpine Bank Wealth Management purchased a new position in shares of Motorola Solutions during the 1st quarter worth approximately $40,000. Hedge funds and other institutional investors own 84.17% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on MSI. Wall Street Zen cut shares of Motorola Solutions from a "buy" rating to a "hold" rating in a research report on Thursday, May 22nd. JPMorgan Chase & Co. decreased their price target on shares of 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 raised their price target on shares of Motorola Solutions from $490.00 to $510.00 and gave the company a "buy" rating in a research report on Friday, August 8th. William Blair reissued an "outperform" rating on shares of Motorola Solutions in a research report on Wednesday, May 28th. Finally, Wolfe Research began coverage on shares of Motorola Solutions in a research report on Monday, July 7th. They issued a "peer perform" rating for the company. Three analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. According to data from MarketBeat.com, Motorola Solutions currently has a consensus rating of "Moderate Buy" and a consensus price target of $512.67.

Motorola Solutions Stock Down 1.7%

NYSE:MSI traded down $8.11 during midday trading on Thursday, hitting $462.09. 537,701 shares of the company were exchanged, compared to its average volume of 910,106. The company has a fifty day simple moving average of $424.10 and a 200 day simple moving average of $427.76. Motorola Solutions, Inc. has a fifty-two week low of $388.90 and a fifty-two week high of $507.82. The company has a current ratio of 1.73, a quick ratio of 1.54 and a debt-to-equity ratio of 3.86. The company has a market capitalization of $76.99 billion, a PE ratio of 37.16, a price-to-earnings-growth ratio of 3.82 and a beta of 0.97.

Motorola Solutions (NYSE:MSI - Get Free Report) last announced its quarterly earnings results on Thursday, August 7th. The communications equipment provider reported $3.57 EPS for the quarter, topping the consensus estimate of $3.36 by $0.21. Motorola Solutions had a net margin of 19.08% and a return on equity of 134.30%. The firm had revenue of $2.77 billion for the quarter, compared to analyst estimates of $2.74 billion. During the same period last year, the business earned $3.24 EPS. Motorola Solutions's revenue for the quarter was up 5.2% compared to the same quarter last year. As a group, equities analysts anticipate that Motorola Solutions, Inc. will post 13.55 earnings per share for the current fiscal year.

Motorola Solutions Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Friday, June 13th were given a dividend of $1.09 per share. This represents a $4.36 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend was Friday, June 13th. Motorola Solutions's dividend payout ratio (DPR) is presently 35.10%.

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 shares were sold at an average price of $418.68, for a total transaction of $449,243.64. Following the transaction, the chief accounting officer directly owned 804 shares of the company's stock, valued at approximately $336,618.72. This trade represents a 57.17% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 1.44% of the company's stock.

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.