Penserra Capital Management LLC Has $803,000 Stake in Motorola Solutions, Inc. (NYSE:MSI)

Penserra Capital Management LLC increased its holdings in Motorola Solutions, Inc. (NYSE:MSI - Free Report) by 318.5% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,837 shares of the communications equipment provider's stock after purchasing an additional 1,398 shares during the period. Penserra Capital Management LLC's holdings in Motorola Solutions were worth $803,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of MSI. ORG Wealth Partners LLC increased its holdings in shares of Motorola Solutions by 346.2% during the first quarter. ORG Wealth Partners LLC now owns 58 shares of the communications equipment provider's stock worth $25,000 after buying an additional 45 shares in the last quarter. SBI Securities Co. Ltd. acquired a new stake in shares of Motorola Solutions during the fourth quarter worth approximately $30,000. Meeder Asset Management Inc. acquired a new stake in shares of Motorola Solutions during the fourth quarter worth approximately $32,000. Community Bank N.A. acquired a new stake in shares of Motorola Solutions during the first quarter worth approximately $32,000. Finally, Fourth Dimension Wealth LLC acquired a new stake in shares of Motorola Solutions during the fourth quarter worth approximately $34,000. Institutional investors and hedge funds own 84.17% of the company's stock.

Insider Activity at Motorola Solutions

In related news, CAO Katherine A. Maher sold 1,073 shares of the firm'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 sale, the chief accounting officer directly owned 804 shares in the company, valued at $336,618.72. This trade represents a 57.17% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 1.44% of the stock is currently owned by insiders.

Motorola Solutions Trading Down 0.3%

MSI stock traded down $1.23 during midday trading on Friday, reaching $416.50. The company's stock had a trading volume of 720,333 shares, compared to its average volume of 825,744. Motorola Solutions, Inc. has a 52 week low of $385.17 and a 52 week high of $507.82. The stock has a market cap of $69.52 billion, a PE ratio of 34.77, a price-to-earnings-growth ratio of 3.60 and a beta of 0.95. 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 business's 50-day simple moving average is $416.32 and its 200-day simple moving average is $432.45.

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, topping the consensus estimate of $3.01 by $0.17. The company 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 revenue for the quarter was up 5.8% compared to the same quarter last year. During the same period last year, the business posted $2.81 earnings per share. As a group, sell-side analysts expect that Motorola Solutions, Inc. will post 13.55 EPS for the current year.

Motorola Solutions Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Friday, June 13th will be issued a $1.09 dividend. The ex-dividend date of this dividend is Friday, June 13th. This represents a $4.36 annualized dividend and a yield of 1.05%. Motorola Solutions's dividend payout ratio (DPR) is presently 36.39%.

Analyst Upgrades and Downgrades

Several research firms have recently commented on MSI. William Blair reissued an "outperform" rating on shares of Motorola Solutions in a research note on Wednesday, May 28th. Barclays decreased 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. decreased their price target on shares of Motorola Solutions from $570.00 to $515.00 and set an "overweight" rating on the stock 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. Finally, Wolfe Research began coverage on shares of Motorola Solutions in a research note on Monday. They set a "peer perform" rating on the stock. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $513.25.

Motorola Solutions Company 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.