NorthCrest Asset Manangement LLC Grows Stock Position in Motorola Solutions, Inc. (NYSE:MSI)

NorthCrest Asset Manangement LLC grew its position in shares of Motorola Solutions, Inc. (NYSE:MSI - Free Report) by 749.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 11,364 shares of the communications equipment provider's stock after purchasing an additional 10,026 shares during the period. NorthCrest Asset Manangement LLC's holdings in Motorola Solutions were worth $4,975,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. First Command Advisory Services Inc. bought a new stake in Motorola Solutions in the fourth quarter valued at $29,000. SBI Securities Co. Ltd. purchased a new stake in shares of Motorola Solutions in the 4th quarter worth about $30,000. Meeder Asset Management Inc. bought a new stake in shares of Motorola Solutions during the 4th quarter valued at about $32,000. Fourth Dimension Wealth LLC purchased a new position in shares of Motorola Solutions during the fourth quarter valued at about $34,000. Finally, Sierra Ocean LLC bought a new position in Motorola Solutions in the fourth quarter worth about $35,000. 84.17% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CAO Katherine A. Maher sold 1,073 shares of the business's stock in a transaction dated 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 transaction, the chief accounting officer now owns 804 shares of the company's stock, valued at $336,618.72. The trade was a 57.17% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 1.44% of the stock is currently owned by insiders.

Motorola Solutions Trading Down 1.3%

MSI stock traded down $5.49 during mid-day trading on Friday, reaching $407.58. The company had a trading volume of 718,101 shares, compared to its average volume of 810,629. The company has a market capitalization of $68.03 billion, a PE ratio of 44.21, a price-to-earnings-growth ratio of 3.82 and a beta of 0.96. The firm has a 50 day moving average of $418.94 and a 200 day moving average of $441.40. Motorola Solutions, Inc. has a 12 month low of $370.00 and a 12 month high of $507.82. The company has a debt-to-equity ratio of 3.30, a current ratio of 1.28 and a quick ratio of 1.13.

Motorola Solutions (NYSE:MSI - Get Free Report) last released its quarterly earnings data 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 firm had revenue of $2.53 billion during the quarter, compared to the consensus estimate of $2.52 billion. Motorola Solutions had a return on equity of 197.59% and a net margin of 14.58%. The firm's quarterly revenue was up 5.8% on a year-over-year basis. During the same period in the previous year, the company posted $2.81 earnings per share. On average, equities analysts predict that Motorola Solutions, Inc. will post 13.55 earnings per share for the current fiscal year.

Motorola Solutions Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Friday, June 13th will be paid a $1.09 dividend. The ex-dividend date of this dividend is Friday, June 13th. This represents a $4.36 dividend on an annualized basis and a yield of 1.07%. Motorola Solutions's dividend payout ratio (DPR) is 36.39%.

Wall Street Analysts Forecast Growth

MSI has been the topic of several recent research reports. Morgan Stanley upped their price target on Motorola Solutions from $495.00 to $505.00 and gave the stock an "equal weight" rating in a research note on Friday, February 14th. William Blair reaffirmed an "outperform" rating on shares of Motorola Solutions in a research report on Wednesday, May 28th. Barclays lowered their price target on shares of Motorola Solutions from $527.00 to $511.00 and set an "overweight" rating for the company in a research report on Monday, May 5th. Wall Street Zen cut shares of Motorola Solutions from a "buy" rating to a "hold" rating in a report on Thursday, May 22nd. Finally, JPMorgan Chase & Co. decreased their target price 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. Two investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $513.25.

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.