Pacific Capital Partners Ltd Takes Position in Motorola Solutions, Inc. (NYSE:MSI)

Pacific Capital Partners Ltd bought a new position in shares of Motorola Solutions, Inc. (NYSE:MSI - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 2,036 shares of the communications equipment provider's stock, valued at approximately $891,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in MSI. XTX Topco Ltd increased its holdings in shares of Motorola Solutions by 322.9% in the first quarter. XTX Topco Ltd now owns 7,232 shares of the communications equipment provider's stock valued at $3,166,000 after buying an additional 5,522 shares in the last quarter. Banque Cantonale Vaudoise bought a new position in shares of Motorola Solutions in the first quarter valued at $3,050,000. Cozad Asset Management Inc. increased its holdings in shares of Motorola Solutions by 4.3% in the first quarter. Cozad Asset Management Inc. now owns 1,051 shares of the communications equipment provider's stock valued at $460,000 after buying an additional 43 shares in the last quarter. Meeder Asset Management Inc. increased its holdings in shares of Motorola Solutions by 47.1% in the first quarter. Meeder Asset Management Inc. now owns 103 shares of the communications equipment provider's stock valued at $45,000 after buying an additional 33 shares in the last quarter. Finally, Meeder Advisory Services Inc. increased its holdings in shares of Motorola Solutions by 7.6% in the first quarter. Meeder Advisory Services Inc. now owns 4,121 shares of the communications equipment provider's stock valued at $1,804,000 after buying an additional 290 shares in the last quarter. Institutional investors own 84.17% of the company's stock.

Analysts Set New Price Targets

Several research analysts have issued reports on MSI shares. UBS Group started coverage on Motorola Solutions in a report on Wednesday, July 16th. They issued a "buy" rating and a $490.00 price target on the stock. William Blair reiterated an "outperform" rating on shares of Motorola Solutions in a research report on Wednesday, May 28th. Barclays lowered 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. Wolfe Research started coverage on shares of Motorola Solutions in a research report on Monday, July 7th. They set a "peer perform" rating on the stock. Finally, JPMorgan Chase & Co. lowered 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. Three equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $510.67.

Motorola Solutions Stock Down 0.4%

Shares of Motorola Solutions stock traded down $1.90 on Friday, hitting $437.08. 1,173,440 shares of the company traded hands, compared to its average volume of 746,299. The company has a quick ratio of 1.03, a current ratio of 1.20 and a debt-to-equity ratio of 3.42. Motorola Solutions, Inc. has a 12-month low of $388.90 and a 12-month high of $507.82. The company has a 50-day moving average price of $418.71 and a 200 day moving average price of $428.62. The company has a market cap of $72.96 billion, a PE ratio of 36.48, a PEG ratio of 3.78 and a beta of 0.95.

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 (EPS) for the quarter, beating the consensus estimate of $3.01 by $0.17. The business had revenue of $2.53 billion during 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%. Motorola Solutions's quarterly revenue was up 5.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.81 EPS. Sell-side analysts predict that Motorola Solutions, Inc. will post 13.55 earnings per share for the current year.

Motorola Solutions Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Friday, June 13th were given a dividend of $1.09 per share. The ex-dividend date of this dividend was Friday, June 13th. This represents a $4.36 dividend on an annualized basis and a dividend yield of 1.0%. Motorola Solutions's dividend payout ratio is currently 36.39%.

Insider Activity 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 transaction of $449,243.64. Following the completion of the transaction, the chief accounting officer owned 804 shares of the company's stock, valued at approximately $336,618.72. This represents a 57.17% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.44% of the company's stock.

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.