Zions Bancorporation National Association UT Takes $3.05 Million Position in Motorola Solutions, Inc. (NYSE:MSI)

Key Points

• Zions Bancorporation National Association UT has acquired a new stake in Motorola Solutions, Inc., purchasing 6,972 shares valued at approximately $3,052,000 during the first quarter.
• Motorola Solutions reported earnings of $3.57 per share for the last quarter, surpassing expectations of $3.36, with a revenue of $2.77 billion, which was also above forecasts.
• The company declared a quarterly dividend of $1.09 per share, representing an annual yield of 1.0%, with a dividend payout ratio of 36.39%.

Zions Bancorporation National Association UT acquired a new stake in Motorola Solutions, Inc. (NYSE:MSI - Free Report) in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 6,972 shares of the communications equipment provider's stock, valued at approximately $3,052,000.

Other hedge funds also recently made changes to their positions in the company. ORG Wealth Partners LLC raised its stake in shares of Motorola Solutions by 346.2% in the 1st quarter. ORG Wealth Partners LLC now owns 58 shares of the communications equipment provider's stock valued at $25,000 after buying an additional 45 shares in the last quarter. Community Bank N.A. acquired a new position in shares of Motorola Solutions in the 1st quarter valued at $32,000. Fourth Dimension Wealth LLC acquired a new position in shares of Motorola Solutions in the 4th quarter valued at $34,000. Fort Vancouver Investment Management LLC acquired a new position in shares of Motorola Solutions in the 1st quarter valued at $37,000. Finally, Alpine Bank Wealth Management acquired a new position in shares of Motorola Solutions in the 1st quarter valued at $40,000. Institutional investors and hedge funds own 84.17% of the company's stock.

Motorola Solutions Trading Up 1.8%

Motorola Solutions stock traded up $8.34 during midday trading on Monday, hitting $461.75. 1,538,833 shares of the stock were exchanged, compared to its average volume of 907,743. The company has a fifty day simple moving average of $421.20 and a two-hundred day simple moving average of $427.27. Motorola Solutions, Inc. has a 52 week low of $388.90 and a 52 week high of $507.82. The stock has a market capitalization of $76.93 billion, a PE ratio of 37.18, a P/E/G ratio of 3.86 and a beta of 0.97. The company has a quick ratio of 1.54, a current ratio of 1.73 and a debt-to-equity ratio of 3.86.

Motorola Solutions (NYSE:MSI - Get Free Report) last released its quarterly earnings data on Thursday, August 7th. The communications equipment provider reported $3.57 earnings per share for the quarter, topping the consensus estimate of $3.36 by $0.21. Motorola Solutions had a net margin of 19.08% and a return on equity of 134.30%. The business had revenue of $2.77 billion for the quarter, compared to analyst estimates of $2.74 billion. During the same quarter last year, the firm earned $3.24 EPS. Motorola Solutions's quarterly revenue was up 5.2% compared to the same quarter last year. Equities research analysts anticipate that Motorola Solutions, Inc. will post 13.55 EPS for the current fiscal year.

Motorola Solutions Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Friday, June 13th were issued a dividend of $1.09 per share. This represents a $4.36 annualized dividend and a yield of 0.9%. The ex-dividend date was Friday, June 13th. Motorola Solutions's dividend payout ratio (DPR) is 35.10%.

Insider Buying and Selling

In other Motorola Solutions news, CAO Katherine A. Maher sold 1,073 shares of the firm's stock in a transaction that occurred 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 approximately $336,618.72. This trade represents a 57.17% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 1.44% of the company's stock.

Analyst Ratings Changes

Several research firms have recently weighed in on MSI. Wall Street Zen lowered shares of Motorola Solutions from a "buy" rating to a "hold" rating in a report on Thursday, May 22nd. UBS Group reaffirmed a "buy" rating and issued a $510.00 target price (up previously from $490.00) on shares of Motorola Solutions in a report on Friday. 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 report on Thursday, April 17th. Wolfe Research assumed coverage on shares of Motorola Solutions in a report on Monday, July 7th. They set a "peer perform" rating on the stock. Finally, Barclays decreased their price objective on shares of Motorola Solutions from $511.00 to $509.00 and set an "overweight" rating on the stock in a report on Friday. Three analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, Motorola Solutions currently has a consensus rating of "Moderate Buy" and an average price target of $512.67.

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.