Spire Wealth Management Sells 1,135 Shares of Motorola Solutions, Inc. (NYSE:MSI)

Spire Wealth Management lessened its holdings in shares of Motorola Solutions, Inc. (NYSE:MSI - Free Report) by 8.8% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 11,776 shares of the communications equipment provider's stock after selling 1,135 shares during the period. Spire Wealth Management's holdings in Motorola Solutions were worth $5,156,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the business. Raymond James Financial Inc. acquired a new position in shares of Motorola Solutions during the fourth quarter worth approximately $1,528,949,000. Norges Bank bought a new position in Motorola Solutions during the fourth quarter worth $1,073,645,000. GAMMA Investing LLC raised its stake in Motorola Solutions by 43,787.3% during the 1st quarter. GAMMA Investing LLC now owns 1,084,455 shares of the communications equipment provider's stock valued at $474,785,000 after purchasing an additional 1,081,984 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its holdings in Motorola Solutions by 330.1% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 631,551 shares of the communications equipment provider's stock valued at $291,922,000 after purchasing an additional 484,727 shares during the period. Finally, Geode Capital Management LLC boosted its holdings in Motorola Solutions by 12.1% in the 4th quarter. Geode Capital Management LLC now owns 4,187,217 shares of the communications equipment provider's stock valued at $1,933,360,000 after purchasing an additional 451,172 shares during the period. Institutional investors own 84.17% of the company's stock.

Motorola Solutions Trading Up 1.8%

MSI stock opened at $418.37 on Wednesday. Motorola Solutions, Inc. has a 1-year low of $380.72 and a 1-year high of $507.82. The company has a current ratio of 1.20, a quick ratio of 1.03 and a debt-to-equity ratio of 3.42. The business's 50 day moving average is $417.66 and its 200-day moving average is $436.68. The firm has a market cap of $69.83 billion, a P/E ratio of 34.92, a P/E/G ratio of 3.54 and a beta of 0.96.

Motorola Solutions (NYSE:MSI - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The communications equipment provider reported $3.18 earnings per share for the quarter, beating analysts' consensus estimates of $3.01 by $0.17. The firm had revenue of $2.53 billion for the quarter, compared to analysts' expectations of $2.52 billion. Motorola Solutions had a return on equity of 160.93% and a net margin of 18.67%. The business's revenue was up 5.8% compared to the same quarter last year. During the same period in the prior year, the business posted $2.81 earnings per share. Equities analysts anticipate that Motorola Solutions, Inc. will post 13.55 earnings per share for the current fiscal year.

Motorola Solutions Dividend Announcement

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 dividend of $1.09 per share. The ex-dividend date is Friday, June 13th. This represents a $4.36 annualized dividend and a yield of 1.04%. Motorola Solutions's dividend payout ratio is 36.39%.

Insiders Place Their Bets

In other 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 transaction, the chief accounting officer now directly 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 legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 1.44% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on MSI shares. Barclays cut their price objective 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. William Blair reaffirmed an "outperform" rating on shares of Motorola Solutions in a report on Wednesday, May 28th. JPMorgan Chase & Co. decreased their price objective on Motorola Solutions from $570.00 to $515.00 and set an "overweight" rating on the stock in a report on Thursday, April 17th. Finally, Wall Street Zen cut Motorola Solutions from a "buy" rating to a "hold" rating in a research report on Thursday, May 22nd. Two investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, Motorola Solutions currently has an average rating of "Moderate Buy" and an average target price of $513.25.

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.

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