HighTower Advisors LLC reduced its stake in Motorola Solutions Inc (NYSE:MSI) by 29.9% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 10,910 shares of the communications equipment provider’s stock after selling 4,645 shares during the quarter. HighTower Advisors LLC’s holdings in Motorola Solutions were worth $1,448,000 as of its most recent SEC filing.
A number of other large investors also recently modified their holdings of MSI. Neo Ivy Capital Management purchased a new stake in Motorola Solutions in the 4th quarter valued at about $27,000. Allred Capital Management LLC boosted its stake in shares of Motorola Solutions by 142.2% in the 1st quarter. Allred Capital Management LLC now owns 247 shares of the communications equipment provider’s stock worth $33,000 after buying an additional 145 shares during the last quarter. Orion Portfolio Solutions LLC bought a new position in shares of Motorola Solutions in the fourth quarter valued at approximately $36,000. Column Capital Advisors LLC increased its position in shares of Motorola Solutions by 166.7% during the first quarter. Column Capital Advisors LLC now owns 288 shares of the communications equipment provider’s stock valued at $38,000 after acquiring an additional 180 shares during the last quarter. Finally, FDx Advisors Inc. increased its position in shares of Motorola Solutions by 325.4% during the first quarter. FDx Advisors Inc. now owns 11,112 shares of the communications equipment provider’s stock valued at $48,000 after acquiring an additional 8,500 shares during the last quarter. Institutional investors and hedge funds own 87.28% of the company’s stock.
MSI stock opened at $138.14 on Wednesday. The stock has a 50-day simple moving average of $139.26 and a two-hundred day simple moving average of $155.63. Motorola Solutions Inc has a twelve month low of $120.77 and a twelve month high of $187.49. The firm has a market capitalization of $23.49 billion, a PE ratio of 26.57, a PEG ratio of 2.37 and a beta of 0.66.
Motorola Solutions (NYSE:MSI) last issued its quarterly earnings data on Thursday, May 7th. The communications equipment provider reported $1.49 EPS for the quarter, beating the consensus estimate of $1.28 by $0.21. The company had revenue of $1.66 billion during the quarter, compared to analysts’ expectations of $1.67 billion. Motorola Solutions had a net margin of 11.60% and a negative return on equity of 146.43%. Motorola Solutions’s revenue for the quarter was down .1% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.28 earnings per share. As a group, sell-side analysts expect that Motorola Solutions Inc will post 6.47 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Monday, June 15th will be issued a $0.64 dividend. The ex-dividend date of this dividend is Friday, June 12th. This represents a $2.56 annualized dividend and a dividend yield of 1.85%. Motorola Solutions’s payout ratio is currently 34.41%.
Several equities research analysts have recently issued reports on the company. MKM Partners decreased their target price on Motorola Solutions from $192.00 to $150.00 and set a “neutral” rating for the company in a research report on Friday, May 8th. Barclays raised their price objective on shares of Motorola Solutions from $157.00 to $178.00 and gave the stock an “overweight” rating in a report on Monday, June 8th. Citigroup lowered their price objective on shares of Motorola Solutions from $175.00 to $160.00 and set a “buy” rating on the stock in a research report on Friday, May 8th. BMO Capital Markets assumed coverage on shares of Motorola Solutions in a research report on Tuesday, April 14th. They set an “outperform” rating and a $37.00 target price for the company. Finally, Cowen reaffirmed a “buy” rating and issued a $225.00 price target on shares of Motorola Solutions in a report on Friday, May 8th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and eleven have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $156.30.
About Motorola Solutions
Motorola Solutions, Inc provides mission-critical communication solutions the United States, the United Kingdom, Canada, and internationally. The company operates in two segments, Products and Systems Integration, and Services and Software. The Products and Systems Integration segment offers a portfolio of infrastructure, devices, accessories, and video solutions, as well as the implementation, optimization, and integration of networks, devices, software, and applications for government, public safety and first-responder agencies, municipalities, and commercial and industrial customers.
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