Motorola Solutions, Inc. (NYSE:MSI) Shares Sold by Ninety One North America Inc.

Ninety One North America Inc. lowered its position in Motorola Solutions, Inc. (NYSE:MSI - Free Report) by 8.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 31,440 shares of the communications equipment provider's stock after selling 2,835 shares during the period. Ninety One North America Inc.'s holdings in Motorola Solutions were worth $13,765,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. ORG Wealth Partners LLC increased its holdings in Motorola Solutions by 346.2% in 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 in the last quarter. SBI Securities Co. Ltd. purchased a new position in shares of Motorola Solutions during the 4th quarter worth approximately $30,000. Meeder Asset Management Inc. purchased a new position in shares of Motorola Solutions during the 4th quarter worth approximately $32,000. Community Bank N.A. purchased a new position in shares of Motorola Solutions during the 1st quarter worth approximately $32,000. Finally, Fourth Dimension Wealth LLC purchased a new position in shares of Motorola Solutions during the 4th quarter worth approximately $34,000. Institutional investors and hedge funds own 84.17% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on MSI. JPMorgan Chase & Co. dropped their price objective on shares of Motorola Solutions from $570.00 to $515.00 and set an "overweight" rating for the company in a research note on Thursday, April 17th. Wall Street Zen cut shares of Motorola Solutions from a "buy" rating to a "hold" rating in a research note on Thursday, May 22nd. Barclays dropped their price objective on shares of Motorola Solutions from $527.00 to $511.00 and set an "overweight" rating for the company in a research note on Monday, May 5th. William Blair restated an "outperform" rating on shares of Motorola Solutions in a research report on Wednesday, May 28th. Finally, Wolfe Research assumed coverage on Motorola Solutions in a report on Monday. They issued a "peer perform" rating for the company. Three investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, Motorola Solutions currently has an average rating of "Moderate Buy" and an average target price of $513.25.

Motorola Solutions Trading Up 0.3%

MSI traded up $1.36 on Monday, reaching $426.20. 610,056 shares of the company's stock were exchanged, compared to its average volume of 823,934. The company's 50 day moving average is $417.48 and its 200-day moving average is $433.72. The company has a market cap of $71.14 billion, a price-to-earnings ratio of 35.58, a PEG ratio of 3.66 and a beta of 0.95. Motorola Solutions, Inc. has a twelve month low of $385.17 and a twelve month high of $507.82. The company has a debt-to-equity ratio of 3.42, a quick ratio of 1.03 and a current ratio of 1.20.

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

Motorola Solutions Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Friday, June 13th will be paid a dividend of $1.09 per share. This represents a $4.36 annualized dividend and a yield of 1.02%. The ex-dividend date is Friday, June 13th. Motorola Solutions's dividend payout ratio (DPR) is 36.39%.

Insider Transactions at Motorola Solutions

In other news, CAO Katherine A. Maher sold 1,073 shares of the company's 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 sale, the chief accounting officer owned 804 shares in the company, valued at approximately $336,618.72. This represents a 57.17% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.44% of the stock is owned by company insiders.

Motorola Solutions 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.