Motorola Solutions, Inc. (NYSE:MSI) Shares Sold by Pacer Advisors Inc.

Key Points

• Pacer Advisors Inc. has reduced its stake in Motorola Solutions, Inc. (NYSE:MSI) by 18.4%, now holding 17,616 shares valued at approximately $7.7 million.
• Insider activity includes CAO Katherine A. Maher selling 1,073 shares for a total of $449,243.64, reducing her ownership by 57.17%.
• Motorola Solutions recently reported quarterly earnings of $3.18 EPS, exceeding estimates, and announced a quarterly dividend of $1.09 per share, yielding 1.02%.

Pacer Advisors Inc. lowered its holdings in shares of Motorola Solutions, Inc. (NYSE:MSI - Free Report) by 18.4% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,616 shares of the communications equipment provider's stock after selling 3,965 shares during the period. Pacer Advisors Inc.'s holdings in Motorola Solutions were worth $7,712,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. ORG Wealth Partners LLC increased its holdings in Motorola Solutions by 346.2% during the first quarter. ORG Wealth Partners LLC now owns 58 shares of the communications equipment provider's stock valued at $25,000 after buying an additional 45 shares during the last quarter. Meeder Asset Management Inc. bought a new position in shares of Motorola Solutions in the fourth quarter worth approximately $32,000. Fourth Dimension Wealth LLC bought a new position in shares of Motorola Solutions in the fourth quarter worth approximately $34,000. Community Bank N.A. bought a new position in shares of Motorola Solutions during the first quarter worth $32,000. Finally, Fort Vancouver Investment Management LLC bought a new position in shares of Motorola Solutions during the first quarter worth $37,000. 84.17% of the stock is owned by hedge funds and other institutional investors.

Motorola Solutions Price Performance

NYSE MSI traded up $4.21 on Thursday, hitting $440.28. The company had a trading volume of 347,661 shares, compared to its average volume of 885,835. The company has a market capitalization of $73.49 billion, a PE ratio of 36.77, a PEG ratio of 3.73 and a beta of 0.95. The company's fifty day moving average price is $418.00 and its 200-day moving average price is $428.91. 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 12-month low of $388.90 and a 12-month high of $507.82.

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

Motorola Solutions Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Friday, June 13th were issued a dividend of $1.09 per share. This represents a $4.36 dividend on an annualized basis and a dividend yield of 0.99%. The ex-dividend date was Friday, June 13th. Motorola Solutions's payout ratio is 36.39%.

Wall Street Analyst Weigh In

MSI has been the subject of several research reports. Wall Street Zen lowered shares of Motorola Solutions from a "buy" rating to a "hold" rating in a research report on Thursday, May 22nd. Barclays reduced their price target on shares of Motorola Solutions from $527.00 to $511.00 and set an "overweight" rating on the stock in a research note on Monday, May 5th. JPMorgan Chase & Co. cut their target price on shares of Motorola Solutions from $570.00 to $515.00 and set an "overweight" rating on the stock in a research report on Thursday, April 17th. William Blair reissued an "outperform" rating on shares of Motorola Solutions in a research report on Wednesday, May 28th. Finally, UBS Group began coverage on shares of Motorola Solutions in a research report on Wednesday, July 16th. They issued a "buy" rating and a $490.00 price objective on the stock. Three analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, Motorola Solutions presently has a consensus rating of "Moderate Buy" and an average price target of $510.67.

Insider Activity

In other news, CAO Katherine A. Maher sold 1,073 shares of the company'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 sale, the chief accounting officer owned 804 shares of the company's stock, valued at $336,618.72. This represents a 57.17% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.44% of the stock is owned by 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.