New Age Alpha Advisors LLC Lowers Stock Holdings in Motorola Solutions, Inc. (NYSE:MSI)

Key Points

• New Age Alpha Advisors LLC reduced its stake in Motorola Solutions, Inc. by 97.9%, selling 22,183 shares and leaving it with only 481 shares valued at approximately $211,000.
• Motorola Solutions reported earnings of $3.57 EPS for the last quarter, exceeding forecasts and showing a 5.2% increase in revenue year-over-year, totaling $2.77 billion.
• The company declared a quarterly dividend of $1.09, yielding 1.0%, with a payout ratio of 36.39%.

New Age Alpha Advisors LLC lessened its position in shares of Motorola Solutions, Inc. (NYSE:MSI - Free Report) by 97.9% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 481 shares of the communications equipment provider's stock after selling 22,183 shares during the quarter. New Age Alpha Advisors LLC's holdings in Motorola Solutions were worth $211,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. ORG Wealth Partners LLC grew its holdings 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. bought a new position in Motorola Solutions during the 1st quarter worth $32,000. Fourth Dimension Wealth LLC bought a new position in shares of Motorola Solutions in the fourth quarter worth $34,000. Fort Vancouver Investment Management LLC bought a new position in shares of Motorola Solutions in the first quarter worth $37,000. Finally, Alpine Bank Wealth Management acquired a new stake in shares of Motorola Solutions in the first quarter valued at $40,000. Hedge funds and other institutional investors own 84.17% of the company's stock.

Motorola Solutions Trading Down 1.7%

Motorola Solutions stock traded down $8.00 during trading hours on Thursday, reaching $462.20. 482,207 shares of the company's stock were exchanged, compared to its average volume of 909,795. The company has a quick ratio of 1.54, a current ratio of 1.73 and a debt-to-equity ratio of 3.86. The firm's 50 day simple moving average is $424.10 and its 200 day simple moving average is $427.76. The firm has a market capitalization of $77.00 billion, a PE ratio of 37.24, a PEG ratio of 3.82 and a beta of 0.97. Motorola Solutions, Inc. has a twelve month low of $388.90 and a twelve month high of $507.82.

Motorola Solutions (NYSE:MSI - Get Free Report) last announced its quarterly earnings results on Thursday, August 7th. The communications equipment provider reported $3.57 earnings per share for the quarter, beating 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 business had revenue of $2.77 billion for the quarter, compared to analysts' expectations of $2.74 billion. During the same quarter last year, the firm earned $3.24 EPS. The firm's revenue for the quarter was up 5.2% compared to the same quarter last year. Research analysts predict that Motorola Solutions, Inc. will post 13.55 earnings per share for the current year.

Motorola Solutions Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Friday, June 13th were given a dividend of $1.09 per share. This represents a $4.36 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date was Friday, June 13th. Motorola Solutions's payout ratio is 35.10%.

Wall Street Analysts Forecast Growth

MSI has been the subject of several analyst reports. UBS Group upped their target price on Motorola Solutions from $490.00 to $510.00 and gave the company a "buy" rating in a report on Friday, August 8th. JPMorgan Chase & Co. dropped their target price on Motorola Solutions from $570.00 to $515.00 and set an "overweight" rating on the stock in a research report on Thursday, April 17th. Wolfe Research started coverage on Motorola Solutions in a report on Monday, July 7th. They set a "peer perform" rating on the stock. Barclays set a $509.00 target price on Motorola Solutions and gave the company an "overweight" rating in a research note on Friday, August 8th. Finally, Wall Street Zen downgraded Motorola Solutions from a "buy" rating to a "hold" rating in a research report on Thursday, May 22nd. Three equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, Motorola Solutions has a consensus rating of "Moderate Buy" and a consensus price target of $512.67.

Insider Activity at Motorola Solutions

In other news, CAO Katherine A. Maher sold 1,073 shares of the business'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 completion of the transaction, the chief accounting officer directly owned 804 shares in the company, valued at $336,618.72. The trade was a 57.17% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.44% of the stock is owned by company insiders.

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.