Summit Global Investments Decreases Stock Holdings in Motorola Solutions, Inc. (NYSE:MSI)

Summit Global Investments reduced its stake in Motorola Solutions, Inc. (NYSE:MSI - Free Report) by 29.7% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,857 shares of the communications equipment provider's stock after selling 8,795 shares during the period. Motorola Solutions makes up about 0.7% of Summit Global Investments' holdings, making the stock its 24th largest holding. Summit Global Investments' holdings in Motorola Solutions were worth $9,131,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently made changes to their positions in the stock. Center for Financial Planning Inc. boosted its holdings in shares of Motorola Solutions by 0.5% in the fourth quarter. Center for Financial Planning Inc. now owns 5,055 shares of the communications equipment provider's stock worth $2,337,000 after acquiring an additional 25 shares during the period. Prestige Wealth Management Group LLC boosted its stake in Motorola Solutions by 11.9% during the fourth quarter. Prestige Wealth Management Group LLC now owns 235 shares of the communications equipment provider's stock valued at $109,000 after buying an additional 25 shares during the period. Hazlett Burt & Watson Inc. boosted its stake in Motorola Solutions by 22.5% during the fourth quarter. Hazlett Burt & Watson Inc. now owns 136 shares of the communications equipment provider's stock valued at $63,000 after buying an additional 25 shares during the period. Clark Capital Management Group Inc. boosted its stake in Motorola Solutions by 4.3% during the fourth quarter. Clark Capital Management Group Inc. now owns 636 shares of the communications equipment provider's stock valued at $294,000 after buying an additional 26 shares during the period. Finally, Concord Wealth Partners boosted its stake in Motorola Solutions by 47.4% during the fourth quarter. Concord Wealth Partners now owns 84 shares of the communications equipment provider's stock valued at $39,000 after buying an additional 27 shares during the period. 84.17% of the stock is owned by institutional investors.

Motorola Solutions Price Performance

MSI stock traded up $2.27 during mid-day trading on Monday, hitting $417.65. 429,149 shares of the stock were exchanged, compared to its average volume of 800,827. The company has a debt-to-equity ratio of 3.30, a current ratio of 1.28 and a quick ratio of 1.13. The business has a fifty day moving average price of $420.90 and a 200 day moving average price of $446.13. Motorola Solutions, Inc. has a 12 month low of $360.79 and a 12 month high of $507.82. The stock has a market capitalization of $69.71 billion, a price-to-earnings ratio of 45.28, a PEG ratio of 3.82 and a beta of 0.98.

Motorola Solutions (NYSE:MSI - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The communications equipment provider reported $3.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.01 by $0.17. Motorola Solutions had a return on equity of 197.59% and a net margin of 14.58%. The firm had revenue of $2.53 billion during the quarter, compared to analyst estimates of $2.52 billion. During the same quarter in the previous year, the company posted $2.81 earnings per share. The company's revenue was up 5.8% compared to the same quarter last year. On average, sell-side analysts anticipate that Motorola Solutions, Inc. will post 13.55 EPS for the current year.

Motorola Solutions Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Friday, June 13th will be paid a $1.09 dividend. This represents a $4.36 dividend on an annualized basis and a dividend yield of 1.04%. The ex-dividend date is Friday, June 13th. Motorola Solutions's dividend payout ratio (DPR) is presently 36.39%.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on MSI shares. Wall Street Zen lowered Motorola Solutions from a "buy" rating to a "hold" rating in a research note on Thursday, May 22nd. Barclays lowered their target price 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. Morgan Stanley raised their target price on shares of Motorola Solutions from $495.00 to $505.00 and gave the company an "equal weight" rating in a research note on Friday, February 14th. William Blair reaffirmed an "outperform" rating on shares of Motorola Solutions in a research note on Wednesday, May 28th. Finally, JPMorgan Chase & Co. lowered their target price 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. Two investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $513.25.

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.