Victory Capital Management Inc. Trims Stock Holdings in Motorola Solutions, Inc. (NYSE:MSI)

Victory Capital Management Inc. decreased its holdings in Motorola Solutions, Inc. (NYSE:MSI - Free Report) by 44.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 257,543 shares of the communications equipment provider's stock after selling 205,209 shares during the quarter. Victory Capital Management Inc. owned 0.15% of Motorola Solutions worth $112,755,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in MSI. Norges Bank purchased a new position in shares of Motorola Solutions in the 4th quarter valued at about $1,073,645,000. GAMMA Investing LLC boosted its stake 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 during the period. Arrowstreet Capital Limited Partnership boosted its stake in shares of Motorola Solutions by 330.1% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 631,551 shares of the communications equipment provider's stock valued at $291,922,000 after buying an additional 484,727 shares during the period. Geode Capital Management LLC boosted its stake in shares of Motorola Solutions by 12.1% in the 4th quarter. Geode Capital Management LLC now owns 4,187,217 shares of the communications equipment provider's stock valued at $1,933,360,000 after buying an additional 451,172 shares during the period. Finally, Kovitz Investment Group Partners LLC boosted its stake in shares of Motorola Solutions by 209.3% in the 4th quarter. Kovitz Investment Group Partners LLC now owns 559,306 shares of the communications equipment provider's stock valued at $258,528,000 after buying an additional 378,462 shares during the period. Hedge funds and other institutional investors own 84.17% of the company's stock.

Motorola Solutions Stock Down 0.2%

NYSE:MSI traded down $0.64 during midday trading on Friday, hitting $420.40. 741,394 shares of the company were exchanged, compared to its average volume of 898,899. The company has a fifty day simple moving average of $416.65 and a 200 day simple moving average of $430.97. Motorola Solutions, Inc. has a fifty-two week low of $385.17 and a fifty-two week high of $507.82. The company has a current ratio of 1.20, a quick ratio of 1.03 and a debt-to-equity ratio of 3.42. The company has a market capitalization of $70.17 billion, a PE ratio of 35.09, a price-to-earnings-growth ratio of 3.58 and a beta of 0.95.

Motorola Solutions (NYSE:MSI - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The communications equipment provider reported $3.18 earnings per share for the quarter, beating analysts' consensus estimates of $3.01 by $0.17. Motorola Solutions had a return on equity of 160.93% and a net margin of 18.67%. The company had revenue of $2.53 billion during the quarter, compared to analysts' expectations of $2.52 billion. During the same quarter in the previous year, the business earned $2.81 earnings per share. The firm's revenue for the quarter was up 5.8% on a year-over-year basis. As a group, equities analysts anticipate that Motorola Solutions, Inc. will post 13.55 earnings per share for the current fiscal year.

Motorola Solutions Announces Dividend

The company also recently disclosed 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 1.04%. 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 business's 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 owned 804 shares in the company, valued at approximately $336,618.72. The trade was a 57.17% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 1.44% of the company's stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. JPMorgan Chase & Co. decreased 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 reiterated an "outperform" rating on shares of Motorola Solutions in a research note on Wednesday, May 28th. UBS Group assumed coverage on Motorola Solutions in a research note on Wednesday. They issued a "buy" rating and a $490.00 price objective for the company. Wall Street Zen downgraded Motorola Solutions from a "buy" rating to a "hold" rating in a report on Thursday, May 22nd. Finally, Wolfe Research began coverage on Motorola Solutions in a 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 stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $510.67.

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.