Victory Capital Management Inc. Sells 86,134 Shares of Motorola Solutions, Inc. (NYSE:MSI)

Victory Capital Management Inc. lowered its stake in shares of Motorola Solutions, Inc. (NYSE:MSI - Free Report) by 7.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,011,791 shares of the communications equipment provider's stock after selling 86,134 shares during the quarter. Victory Capital Management Inc. owned about 0.61% of Motorola Solutions worth $316,782,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of MSI. Berry Wealth Group LP acquired a new position in Motorola Solutions during the fourth quarter worth approximately $5,431,000. Cannell & Co. purchased a new stake in shares of Motorola Solutions during the 4th quarter valued at $224,000. Parthenon LLC increased its holdings in shares of Motorola Solutions by 3.3% during the 4th quarter. Parthenon LLC now owns 2,213 shares of the communications equipment provider's stock worth $693,000 after buying an additional 70 shares during the last quarter. Hartford Funds Management Co LLC raised its position in shares of Motorola Solutions by 6.9% in the 4th quarter. Hartford Funds Management Co LLC now owns 2,102 shares of the communications equipment provider's stock worth $658,000 after buying an additional 136 shares during the period. Finally, St. Louis Trust Co acquired a new position in Motorola Solutions in the fourth quarter valued at $225,000. 84.17% of the stock is currently owned by hedge funds and other institutional investors.

Motorola Solutions Stock Down 0.9 %

NYSE:MSI traded down $3.17 on Wednesday, reaching $335.98. The stock had a trading volume of 1,099,634 shares, compared to its average volume of 647,003. The company has a 50-day moving average of $342.82 and a 200 day moving average of $323.30. The company has a current ratio of 1.00, a quick ratio of 0.85 and a debt-to-equity ratio of 6.37. The stock has a market cap of $55.81 billion, a P/E ratio of 33.83, a price-to-earnings-growth ratio of 3.21 and a beta of 0.90. Motorola Solutions, Inc. has a 12-month low of $269.64 and a 12-month high of $355.39.

Motorola Solutions (NYSE:MSI - Get Free Report) last issued its quarterly earnings data on Thursday, February 8th. The communications equipment provider reported $3.90 earnings per share for the quarter, beating analysts' consensus estimates of $3.63 by $0.27. Motorola Solutions had a return on equity of 441.65% and a net margin of 17.12%. The firm had revenue of $2.85 billion during the quarter, compared to analyst estimates of $2.82 billion. During the same quarter last year, the firm earned $3.38 EPS. Motorola Solutions's quarterly revenue was up 5.2% on a year-over-year basis. On average, research analysts predict that Motorola Solutions, Inc. will post 11.74 earnings per share for the current year.

Motorola Solutions Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Friday, March 15th were paid a dividend of $0.98 per share. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $3.92 dividend on an annualized basis and a yield of 1.17%. Motorola Solutions's dividend payout ratio (DPR) is 39.48%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on MSI shares. JPMorgan Chase & Co. raised their price objective on Motorola Solutions from $360.00 to $400.00 and gave the stock an "overweight" rating in a report on Thursday, April 11th. Barclays boosted their price objective on shares of Motorola Solutions from $333.00 to $352.00 and gave the stock an "overweight" rating in a research note on Tuesday, January 2nd. William Blair reissued an "outperform" rating on shares of Motorola Solutions in a research note on Friday, February 9th. StockNews.com raised shares of Motorola Solutions from a "hold" rating to a "buy" rating in a research report on Monday, February 12th. Finally, Evercore ISI assumed coverage on Motorola Solutions in a research report on Monday, March 25th. They issued an "outperform" rating and a $400.00 price objective on the stock. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company's stock. Based on data from MarketBeat, Motorola Solutions presently has an average rating of "Moderate Buy" and an average price target of $348.38.

Insiders Place Their Bets

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

Motorola Solutions Company 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.