QRG Capital Management Inc. Grows Holdings in Motorola Solutions, Inc. (NYSE:MSI)

QRG Capital Management Inc. raised its stake in Motorola Solutions, Inc. (NYSE:MSI - Free Report) by 5.4% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,572 shares of the communications equipment provider's stock after buying an additional 745 shares during the period. QRG Capital Management Inc.'s holdings in Motorola Solutions were worth $6,380,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. First Command Advisory Services Inc. bought a new position in shares of Motorola Solutions in the 4th quarter valued at $29,000. SBI Securities Co. Ltd. acquired a new position in Motorola Solutions in the 4th quarter worth about $30,000. Meeder Asset Management Inc. bought a new position in Motorola Solutions in the fourth quarter valued at about $32,000. Fourth Dimension Wealth LLC acquired a new stake in shares of Motorola Solutions during the fourth quarter valued at about $34,000. Finally, Sierra Ocean LLC bought a new stake in shares of Motorola Solutions during the fourth quarter worth about $35,000. Institutional investors and hedge funds own 84.17% of the company's stock.

Motorola Solutions Trading Down 0.5%

Shares of MSI stock traded down $2.00 during mid-day trading on Thursday, hitting $404.41. The company's stock had a trading volume of 700,171 shares, compared to its average volume of 815,110. The company has a market cap of $67.50 billion, a PE ratio of 33.76, a P/E/G ratio of 3.48 and a beta of 0.96. The company's fifty day simple moving average is $418.74 and its 200-day simple moving average is $439.44. 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, Inc. has a 52 week low of $380.72 and a 52 week high of $507.82.

Motorola Solutions (NYSE:MSI - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The communications equipment provider reported $3.18 EPS for the quarter, topping the consensus estimate of $3.01 by $0.17. The company had revenue of $2.53 billion during 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 company's quarterly revenue was up 5.8% on a year-over-year basis. During the same quarter last year, the firm posted $2.81 EPS. As a group, equities research analysts expect that Motorola Solutions, Inc. will post 13.55 earnings per share for the current fiscal year.

Motorola Solutions Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders 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 1.08%. Motorola Solutions's dividend payout ratio (DPR) is presently 36.39%.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on MSI. Wall Street Zen cut shares of Motorola Solutions from a "buy" rating to a "hold" rating in a research note on Thursday, May 22nd. JPMorgan Chase & Co. reduced their price target on Motorola Solutions from $570.00 to $515.00 and set an "overweight" rating on the stock in a research report on Thursday, April 17th. Barclays decreased their price target on Motorola Solutions from $527.00 to $511.00 and set an "overweight" rating for the company in a research note on Monday, May 5th. Finally, William Blair reaffirmed an "outperform" rating on shares of Motorola Solutions in a research note on Wednesday, May 28th. Two investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to data from MarketBeat, Motorola Solutions has a consensus rating of "Moderate Buy" and a consensus target price of $513.25.

Insider Activity at Motorola Solutions

In other news, CAO Katherine A. Maher sold 1,073 shares of the stock in a transaction that occurred on 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 sale, the chief accounting officer now directly owns 804 shares of the company's stock, valued at $336,618.72. This represents a 57.17% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.44% of the stock is currently owned by insiders.

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.