Motorola Solutions, Inc. (NYSE:MSI) Shares Sold by GAM Holding AG

GAM Holding AG cut its stake in shares of Motorola Solutions, Inc. (NYSE:MSI) by 0.7% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 8,330 shares of the communications equipment provider’s stock after selling 59 shares during the quarter. GAM Holding AG’s holdings in Motorola Solutions were worth $3,745,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. MFA Wealth Advisors LLC acquired a new position in shares of Motorola Solutions during the 2nd quarter worth $25,000. Beacon Capital Management LLC grew its stake in Motorola Solutions by 71.8% in the 2nd quarter. Beacon Capital Management LLC now owns 67 shares of the communications equipment provider’s stock valued at $26,000 after acquiring an additional 28 shares during the last quarter. LRI Investments LLC grew its stake in Motorola Solutions by 871.4% in the 2nd quarter. LRI Investments LLC now owns 68 shares of the communications equipment provider’s stock valued at $26,000 after acquiring an additional 61 shares during the last quarter. Triad Wealth Partners LLC acquired a new stake in Motorola Solutions in the 2nd quarter valued at about $29,000. Finally, Crewe Advisors LLC acquired a new stake in Motorola Solutions in the 1st quarter valued at about $28,000. 84.17% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Motorola Solutions

In related news, COO John P. Molloy sold 23,985 shares of the firm’s stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of $407.50, for a total value of $9,773,887.50. Following the transaction, the chief operating officer now owns 46,821 shares in the company, valued at approximately $19,079,557.50. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 1.50% of the company’s stock.

Motorola Solutions Trading Down 1.5 %

Shares of MSI stock opened at $470.11 on Wednesday. The firm has a market cap of $78.41 billion, a P/E ratio of 58.11, a PEG ratio of 4.07 and a beta of 0.97. Motorola Solutions, Inc. has a 1-year low of $271.73 and a 1-year high of $480.28. The company has a debt-to-equity ratio of 7.03, a current ratio of 1.20 and a quick ratio of 1.03. The firm’s 50-day simple moving average is $445.43 and its 200-day simple moving average is $399.04.

Motorola Solutions (NYSE:MSI) last announced its quarterly earnings data on Thursday, August 1st. The communications equipment provider reported $3.24 earnings per share for the quarter, topping the consensus estimate of $3.01 by $0.23. The business had revenue of $2.63 billion for the quarter, compared to analyst estimates of $2.59 billion. Motorola Solutions had a net margin of 14.04% and a return on equity of 337.36%. The company’s revenue was up 9.4% on a year-over-year basis. During the same period in the prior year, the firm posted $2.41 EPS. As a group, equities analysts forecast that Motorola Solutions, Inc. will post 12.22 EPS for the current year.

Motorola Solutions Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Friday, September 13th were issued a dividend of $0.98 per share. The ex-dividend date was Friday, September 13th. This represents a $3.92 annualized dividend and a dividend yield of 0.83%. Motorola Solutions’s payout ratio is currently 48.45%.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the stock. Bank of America increased their price objective on shares of Motorola Solutions from $370.00 to $440.00 and gave the company a “buy” rating in a research note on Thursday, July 18th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Motorola Solutions from $385.00 to $440.00 and gave the company a “buy” rating in a research note on Tuesday, August 6th. Jefferies Financial Group raised their price target on shares of Motorola Solutions from $460.00 to $510.00 and gave the stock a “buy” rating in a research note on Tuesday, September 3rd. Evercore ISI raised their price target on shares of Motorola Solutions from $450.00 to $500.00 and gave the stock an “outperform” rating in a research note on Friday, August 30th. Finally, Barclays raised their price target on shares of Motorola Solutions from $372.00 to $467.00 and gave the stock an “overweight” rating in a research note on Friday, August 2nd. Eight research analysts have rated the stock with a buy rating, According to data from MarketBeat, Motorola Solutions currently has a consensus rating of “Buy” and an average price target of $466.17.

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.