Nisa Investment Advisors LLC Sells 2,573 Shares of Motorola Solutions, Inc. (NYSE:MSI)

Nisa Investment Advisors LLC trimmed its holdings in Motorola Solutions, Inc. (NYSE:MSI - Free Report) by 2.7% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 92,934 shares of the communications equipment provider's stock after selling 2,573 shares during the quarter. Nisa Investment Advisors LLC owned about 0.06% of Motorola Solutions worth $40,789,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of the business. Rehmann Capital Advisory Group increased its stake in shares of Motorola Solutions by 11.6% in the 1st quarter. Rehmann Capital Advisory Group now owns 3,116 shares of the communications equipment provider's stock worth $1,365,000 after acquiring an additional 324 shares in the last quarter. Harvey Capital Management Inc. purchased a new stake in Motorola Solutions during the 1st quarter valued at about $578,000. Linden Thomas Advisory Services LLC grew its position in Motorola Solutions by 5.5% during the 1st quarter. Linden Thomas Advisory Services LLC now owns 4,002 shares of the communications equipment provider's stock valued at $1,752,000 after purchasing an additional 208 shares during the last quarter. DekaBank Deutsche Girozentrale grew its position in Motorola Solutions by 8.8% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 874,375 shares of the communications equipment provider's stock valued at $376,590,000 after purchasing an additional 71,074 shares during the last quarter. Finally, Values First Advisors Inc. grew its position in Motorola Solutions by 33.6% during the 1st quarter. Values First Advisors Inc. now owns 971 shares of the communications equipment provider's stock valued at $425,000 after purchasing an additional 244 shares during the last quarter. 84.17% of the stock is currently owned by institutional investors.

Insider Activity

In related news, CAO Katherine A. Maher sold 1,073 shares of the firm's stock in a transaction that occurred on Thursday, May 29th. The shares were sold at an average price of $418.68, for a total value of $449,243.64. Following the transaction, the chief accounting officer owned 804 shares of the company's stock, valued at approximately $336,618.72. This trade represents a 57.17% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 1.44% of the company's stock.

Analyst Ratings Changes

Several brokerages recently commented on MSI. JPMorgan Chase & Co. cut their price objective 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. Wolfe Research began coverage on shares of Motorola Solutions in a research report on Monday. They set a "peer perform" rating on the stock. Barclays cut their price objective on shares of Motorola Solutions from $527.00 to $511.00 and set an "overweight" rating on the stock in a research report on Monday, May 5th. William Blair reissued an "outperform" rating on shares of Motorola Solutions in a research report on Wednesday, May 28th. Finally, Wall Street Zen downgraded shares of Motorola Solutions from a "buy" rating to a "hold" rating in a report on Thursday, May 22nd. Three investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $513.25.

Motorola Solutions Stock Performance

Shares of NYSE MSI traded up $0.20 during trading on Thursday, reaching $418.08. 701,891 shares of the company traded hands, compared to its average volume of 825,282. The company has a quick ratio of 1.03, a current ratio of 1.20 and a debt-to-equity ratio of 3.42. The stock has a market capitalization of $69.79 billion, a PE ratio of 34.90, a P/E/G ratio of 3.60 and a beta of 0.95. The firm has a 50 day simple moving average of $416.13 and a 200-day simple moving average of $432.84. Motorola Solutions, Inc. has a 52-week low of $385.17 and a 52-week high of $507.82.

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

Motorola Solutions Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Friday, June 13th will be issued a $1.09 dividend. This represents a $4.36 dividend on an annualized basis and a dividend yield of 1.04%. The ex-dividend date of this dividend is Friday, June 13th. Motorola Solutions's payout ratio is 36.39%.

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.