International Assets Investment Management LLC Lowers Stock Position in Motorola Solutions, Inc. (NYSE:MSI)

International Assets Investment Management LLC cut its stake in shares of Motorola Solutions, Inc. (NYSE:MSI) by 99.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,585 shares of the communications equipment provider’s stock after selling 190,026 shares during the quarter. International Assets Investment Management LLC’s holdings in Motorola Solutions were worth $560,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Qube Research & Technologies Ltd lifted its holdings in shares of Motorola Solutions by 61.1% during the third quarter. Qube Research & Technologies Ltd now owns 333,697 shares of the communications equipment provider’s stock worth $90,846,000 after purchasing an additional 126,517 shares during the period. DekaBank Deutsche Girozentrale lifted its holdings in Motorola Solutions by 2.2% in the fourth quarter. DekaBank Deutsche Girozentrale now owns 839,123 shares of the communications equipment provider’s stock valued at $260,204,000 after acquiring an additional 17,807 shares during the period. Corient Private Wealth LLC lifted its holdings in Motorola Solutions by 15.6% in the fourth quarter. Corient Private Wealth LLC now owns 24,237 shares of the communications equipment provider’s stock valued at $7,589,000 after acquiring an additional 3,278 shares during the period. Cambridge Investment Research Advisors Inc. lifted its holdings in Motorola Solutions by 29.8% in the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 20,036 shares of the communications equipment provider’s stock valued at $6,273,000 after acquiring an additional 4,594 shares during the period. Finally, Capital International Sarl lifted its holdings in Motorola Solutions by 13.8% in the fourth quarter. Capital International Sarl now owns 57,227 shares of the communications equipment provider’s stock valued at $17,917,000 after acquiring an additional 6,918 shares during the period. 84.17% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Motorola Solutions

In other Motorola Solutions news, CAO Katherine A. Maher sold 2,615 shares of the company’s stock in a transaction that occurred on Tuesday, May 7th. The stock was sold at an average price of $354.68, for a total value of $927,488.20. Following the transaction, the chief accounting officer now directly owns 1,138 shares of the company’s stock, valued at approximately $403,625.84. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, CAO Katherine A. Maher sold 2,615 shares of the business’s stock in a transaction that occurred on Tuesday, May 7th. The stock was sold at an average price of $354.68, for a total value of $927,488.20. Following the completion of the sale, the chief accounting officer now directly owns 1,138 shares in the company, valued at approximately $403,625.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Rajan Naik sold 5,274 shares of the business’s stock in a transaction that occurred on Thursday, June 13th. The shares were sold at an average price of $373.81, for a total value of $1,971,473.94. Following the completion of the sale, the senior vice president now owns 8,939 shares of the company’s stock, valued at $3,341,487.59. The disclosure for this sale can be found here. Insiders have sold a total of 9,389 shares of company stock valued at $3,446,461 in the last three months. Corporate insiders own 1.50% of the company’s stock.

Motorola Solutions Stock Performance

NYSE MSI opened at $386.04 on Monday. The firm has a market capitalization of $64.39 billion, a P/E ratio of 47.72, a P/E/G ratio of 3.36 and a beta of 0.96. Motorola Solutions, Inc. has a 1-year low of $269.64 and a 1-year high of $386.34. The company has a debt-to-equity ratio of 11.16, a current ratio of 1.19 and a quick ratio of 1.01. The business’s 50-day simple moving average is $360.88 and its 200-day simple moving average is $340.14.

Motorola Solutions (NYSE:MSI) last released its quarterly earnings results on Thursday, May 2nd. The communications equipment provider reported $2.56 EPS for the quarter, topping the consensus estimate of $2.27 by $0.29. The firm had revenue of $2.39 billion for the quarter, compared to analyst estimates of $2.34 billion. Motorola Solutions had a return on equity of 398.16% and a net margin of 13.64%. Equities analysts predict that Motorola Solutions, Inc. will post 12.07 EPS for the current year.

Motorola Solutions Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Friday, June 14th will be given a $0.98 dividend. This represents a $3.92 dividend on an annualized basis and a dividend yield of 1.02%. The ex-dividend date of this dividend is Friday, June 14th. Motorola Solutions’s payout ratio is 48.45%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on MSI. Evercore ISI began coverage on Motorola Solutions in a research report on Monday, March 25th. They issued an “outperform” rating and a $400.00 price target for the company. Deutsche Bank Aktiengesellschaft lifted their price objective on Motorola Solutions from $375.00 to $385.00 and gave the stock a “buy” rating in a research report on Monday, June 3rd. JPMorgan Chase & Co. lifted their price objective on Motorola Solutions from $400.00 to $405.00 and gave the stock an “overweight” rating in a research report on Friday, May 3rd. Finally, Barclays lifted their price objective on Motorola Solutions from $362.00 to $372.00 and gave the stock an “overweight” rating in a research report on Friday, May 3rd. One analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $358.86.

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.