Motorola Solutions, Inc. (NYSE:MSI) Shares Sold by R Squared Ltd

Key Points

• R Squared Ltd reduced its holdings in Motorola Solutions by 42.3%, totaling 790 shares worth $346,000 as of its latest SEC filing.
• Institutional investors now own 84.17% of Motorola Solutions, with recent activities including significant stake increases by firms like ORG Wealth Partners LLC.
• Motorola Solutions reported a quarterly EPS of $3.18, outperforming estimates, with a revenue increase of 5.8% year-over-year.

R Squared Ltd reduced its stake in Motorola Solutions, Inc. (NYSE:MSI - Free Report) by 42.3% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 790 shares of the communications equipment provider's stock after selling 580 shares during the quarter. R Squared Ltd's holdings in Motorola Solutions were worth $346,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. GAMMA Investing LLC lifted its holdings in Motorola Solutions by 43,787.3% in the 1st quarter. GAMMA Investing LLC now owns 1,084,455 shares of the communications equipment provider's stock worth $474,785,000 after purchasing an additional 1,081,984 shares in the last quarter. Kovitz Investment Group Partners LLC raised its stake in shares of Motorola Solutions by 209.3% in the fourth quarter. Kovitz Investment Group Partners LLC now owns 559,306 shares of the communications equipment provider's stock valued at $258,528,000 after acquiring an additional 378,462 shares during the period. FMR LLC boosted its position in shares of Motorola Solutions by 12.4% during the fourth quarter. FMR LLC now owns 3,030,915 shares of the communications equipment provider's stock valued at $1,400,980,000 after buying an additional 334,639 shares during the period. Vaughan Nelson Investment Management L.P. lifted its holdings in Motorola Solutions by 541.2% during the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 331,910 shares of the communications equipment provider's stock valued at $145,312,000 after buying an additional 280,145 shares in the last quarter. Finally, Janus Henderson Group PLC grew its stake in Motorola Solutions by 66.7% in the fourth quarter. Janus Henderson Group PLC now owns 698,816 shares of the communications equipment provider's stock worth $323,020,000 after purchasing an additional 279,655 shares in the last quarter. 84.17% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Motorola Solutions

In other Motorola Solutions news, CAO Katherine A. Maher sold 1,073 shares of the business's 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 sale, the chief accounting officer owned 804 shares of the company's stock, valued at $336,618.72. The trade was a 57.17% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 1.44% of the company's stock.

Motorola Solutions Price Performance

Shares of NYSE:MSI traded up $8.35 during trading on Wednesday, reaching $442.40. The stock had a trading volume of 664,113 shares, compared to its average volume of 895,752. The business has a fifty day moving average price of $419.42 and a 200-day moving average price of $428.04. Motorola Solutions, Inc. has a 1-year low of $388.90 and a 1-year high of $507.82. The company has a debt-to-equity ratio of 3.42, a quick ratio of 1.03 and a current ratio of 1.20. The stock has a market cap of $73.85 billion, a PE ratio of 36.93, a PEG ratio of 3.79 and a beta of 0.97.

Motorola Solutions Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Investors 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 (DPR) is presently 36.39%.

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. UBS Group began coverage on shares of Motorola Solutions in a research note on Wednesday, July 16th. They issued a "buy" rating and a $490.00 price objective for the company. William Blair reiterated an "outperform" rating on shares of Motorola Solutions in a research note on Wednesday, May 28th. Wolfe Research started coverage on Motorola Solutions in a research report on Monday, July 7th. They set a "peer perform" rating for the company. Wall Street Zen lowered shares of Motorola Solutions from a "buy" rating to a "hold" rating in a research report on Thursday, May 22nd. Finally, 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 note on Thursday, April 17th. Three research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $510.67.

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.