Mackenzie Financial Corp Cuts Holdings in Motorola Solutions, Inc. (NYSE:MSI)

Mackenzie Financial Corp lowered its stake in Motorola Solutions, Inc. (NYSE:MSI - Free Report) by 7.3% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,059,380 shares of the communications equipment provider's stock after selling 83,728 shares during the quarter. Mackenzie Financial Corp owned about 0.64% of Motorola Solutions worth $331,681,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. OmniStar Financial Group Inc. raised its holdings in Motorola Solutions by 1.7% during the fourth quarter. OmniStar Financial Group Inc. now owns 2,032 shares of the communications equipment provider's stock valued at $636,000 after acquiring an additional 33 shares during the period. Valley National Advisers Inc. raised its stake in Motorola Solutions by 21.3% during the 4th quarter. Valley National Advisers Inc. now owns 188 shares of the communications equipment provider's stock valued at $58,000 after purchasing an additional 33 shares during the period. Rosenberg Matthew Hamilton grew its holdings in Motorola Solutions by 15.1% during the 3rd quarter. Rosenberg Matthew Hamilton now owns 275 shares of the communications equipment provider's stock valued at $75,000 after buying an additional 36 shares in the last quarter. AdvisorNet Financial Inc raised its position in shares of Motorola Solutions by 9.4% during the third quarter. AdvisorNet Financial Inc now owns 444 shares of the communications equipment provider's stock valued at $121,000 after buying an additional 38 shares during the last quarter. Finally, Merit Financial Group LLC lifted its holdings in shares of Motorola Solutions by 3.0% in the third quarter. Merit Financial Group LLC now owns 1,301 shares of the communications equipment provider's stock worth $354,000 after buying an additional 38 shares in the last quarter. 84.17% of the stock is owned by hedge funds and other institutional investors.

Motorola Solutions Price Performance

NYSE MSI traded down $5.23 during mid-day trading on Monday, hitting $338.58. The stock had a trading volume of 777,973 shares, compared to its average volume of 619,732. The firm's 50 day moving average is $338.23 and its 200 day moving average is $318.27. The company has a debt-to-equity ratio of 6.37, a current ratio of 1.00 and a quick ratio of 0.85. The stock has a market capitalization of $56.24 billion, a price-to-earnings ratio of 34.10, a PEG ratio of 3.17 and a beta of 0.90. Motorola Solutions, Inc. has a twelve month low of $269.64 and a twelve month high of $355.39.

Motorola Solutions (NYSE:MSI - Get Free Report) last posted its quarterly earnings results on Thursday, February 8th. The communications equipment provider reported $3.90 earnings per share for the quarter, beating the consensus estimate of $3.63 by $0.27. Motorola Solutions had a net margin of 17.12% and a return on equity of 441.65%. The business had revenue of $2.85 billion during the quarter, compared to analysts' expectations of $2.82 billion. During the same quarter in the prior year, the company posted $3.38 EPS. The business's revenue for the quarter was up 5.2% on a year-over-year basis. Equities research analysts forecast that Motorola Solutions, Inc. will post 11.74 earnings per share for the current fiscal year.

Motorola Solutions Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 15th. Shareholders of record on Friday, March 15th will be paid a $0.98 dividend. This represents a $3.92 dividend on an annualized basis and a yield of 1.16%. The ex-dividend date of this dividend is Thursday, March 14th. Motorola Solutions's dividend payout ratio is presently 39.48%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. Deutsche Bank Aktiengesellschaft assumed coverage on Motorola Solutions in a research report on Friday, January 19th. They set a "buy" rating and a $350.00 price objective for the company. Evercore ISI initiated coverage on shares of Motorola Solutions in a research report on Monday, March 25th. They set an "outperform" rating and a $400.00 price objective on the stock. William Blair reissued an "outperform" rating on shares of Motorola Solutions in a research report on Friday, February 9th. JPMorgan Chase & Co. raised their price target on Motorola Solutions from $360.00 to $400.00 and gave the stock an "overweight" rating in a research note on Thursday. Finally, StockNews.com upgraded Motorola Solutions from a "hold" rating to a "buy" rating in a research note on Monday, February 12th. One equities research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, Motorola Solutions currently has an average rating of "Moderate Buy" and a consensus target price of $348.38.

Insider Buying and Selling

In other news, SVP Cynthia Yazdi sold 4,744 shares of the firm's stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $334.30, for a total transaction of $1,585,919.20. Following the transaction, the senior vice president now directly owns 8,858 shares in the company, valued at $2,961,229.40. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 1.26% of the stock is owned by company insiders.

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.