HMS Capital Management LLC trimmed its holdings in shares of Motorola Solutions, Inc. (NYSE:MSI – Free Report) by 3.2% during the second quarter, Holdings Channel.com reports. The firm owned 4,283 shares of the communications equipment provider’s stock after selling 140 shares during the quarter. HMS Capital Management LLC’s holdings in Motorola Solutions were worth $1,801,000 as of its most recent filing with the SEC.
A number of other large investors also recently modified their holdings of MSI. ORG Wealth Partners LLC increased its holdings in shares of Motorola Solutions by 346.2% during the first quarter. ORG Wealth Partners LLC now owns 58 shares of the communications equipment provider’s stock valued at $25,000 after purchasing an additional 45 shares during the period. Saudi Central Bank acquired a new position in shares of Motorola Solutions during the first quarter valued at $29,000. Community Bank N.A. acquired a new position in shares of Motorola Solutions during the first quarter valued at $32,000. Fourth Dimension Wealth LLC acquired a new position in shares of Motorola Solutions during the fourth quarter valued at $34,000. Finally, Fort Vancouver Investment Management LLC acquired a new position in shares of Motorola Solutions during the first quarter valued at $37,000. 84.17% of the stock is owned by institutional investors and hedge funds.
Motorola Solutions Price Performance
MSI stock opened at $481.91 on Friday. Motorola Solutions, Inc. has a one year low of $388.90 and a one year high of $507.82. The firm has a 50-day moving average of $448.80 and a two-hundred day moving average of $429.82. The firm has a market capitalization of $80.29 billion, a PE ratio of 38.80, a P/E/G ratio of 3.92 and a beta of 0.96. The company has a current ratio of 1.73, a quick ratio of 1.54 and a debt-to-equity ratio of 3.86.
Motorola Solutions Cuts Dividend
The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Monday, September 15th will be issued a $0.0109 dividend. This represents a $0.04 annualized dividend and a dividend yield of 0.0%. The ex-dividend date is Monday, September 15th. Motorola Solutions’s dividend payout ratio (DPR) is presently 35.10%.
Analyst Upgrades and Downgrades
MSI has been the topic of a number of research analyst reports. Wolfe Research initiated coverage on Motorola Solutions in a report on Monday, July 7th. They set a “peer perform” rating on the stock. UBS Group raised their target price on Motorola Solutions from $490.00 to $510.00 and gave the company a “buy” rating in a research note on Friday, August 8th. Wall Street Zen cut Motorola Solutions from a “buy” rating to a “hold” rating in a research note on Thursday, May 22nd. William Blair reaffirmed an “outperform” rating on shares of Motorola Solutions in a research note on Wednesday, May 28th. Finally, Evercore ISI raised their target price on Motorola Solutions from $500.00 to $525.00 and gave the company an “outperform” rating in a research note on Friday, August 29th. Eight investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $516.13.
Read Our Latest Stock Analysis on Motorola Solutions
Insider Activity
In other Motorola Solutions news, CEO Gregory Q. Brown sold 82,765 shares of the firm’s stock in a transaction dated Thursday, August 14th. The shares were sold at an average price of $463.05, for a total value of $38,324,333.25. Following the completion of the transaction, the chief executive officer directly owned 57,836 shares in the company, valued at $26,780,959.80. This trade represents a 58.87% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, SVP Rajan Naik sold 8,014 shares of the firm’s stock in a transaction dated Wednesday, September 3rd. The stock was sold at an average price of $474.45, for a total transaction of $3,802,242.30. Following the completion of the transaction, the senior vice president owned 10,244 shares of the company’s stock, valued at approximately $4,860,265.80. The trade was a 43.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 198,493 shares of company stock valued at $92,673,278. Corporate insiders own 1.44% of the company’s stock.
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.
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