New Century Financial Group LLC Boosts Holdings in Motorola Solutions, Inc. (NYSE:MSI)

New Century Financial Group LLC boosted its stake in shares of Motorola Solutions, Inc. (NYSE:MSI) by 9.6% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 991 shares of the communications equipment provider’s stock after purchasing an additional 87 shares during the period. New Century Financial Group LLC’s holdings in Motorola Solutions were worth $352,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the stock. Rise Advisors LLC acquired a new stake in Motorola Solutions during the first quarter worth about $29,000. Hexagon Capital Partners LLC lifted its stake in shares of Motorola Solutions by 78.7% in the 1st quarter. Hexagon Capital Partners LLC now owns 84 shares of the communications equipment provider’s stock valued at $30,000 after purchasing an additional 37 shares during the period. Private Wealth Management Group LLC purchased a new stake in Motorola Solutions during the fourth quarter worth $29,000. Motco boosted its holdings in Motorola Solutions by 137.5% during the fourth quarter. Motco now owns 95 shares of the communications equipment provider’s stock worth $30,000 after buying an additional 55 shares in the last quarter. Finally, Northwest Capital Management Inc grew its position in Motorola Solutions by 71.4% during the fourth quarter. Northwest Capital Management Inc now owns 96 shares of the communications equipment provider’s stock valued at $30,000 after buying an additional 40 shares during the period. Hedge funds and other institutional investors own 84.17% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on MSI. Deutsche Bank Aktiengesellschaft increased their target price on shares of Motorola Solutions from $375.00 to $385.00 and gave the stock a “buy” rating in a research note on Monday, June 3rd. JPMorgan Chase & Co. raised their price objective on Motorola Solutions from $400.00 to $405.00 and gave the company an “overweight” rating in a report on Friday, May 3rd. 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 objective for the company. Finally, Barclays increased their target price on Motorola Solutions from $362.00 to $372.00 and gave the company 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’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $358.86.

Insiders Place Their Bets

In other Motorola Solutions news, SVP James A. Niewiara sold 810 shares of the firm’s stock in a transaction on Tuesday, May 7th. The stock was sold at an average price of $358.09, for a total value of $290,052.90. Following the completion of the sale, the senior vice president now directly owns 12,986 shares of the company’s stock, valued at approximately $4,650,156.74. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, SVP Rajan Naik sold 5,274 shares of the stock in a transaction on Thursday, June 13th. The stock was sold at an average price of $373.81, for a total transaction of $1,971,473.94. Following the completion of the transaction, the senior vice president now directly owns 8,939 shares in the company, valued at approximately $3,341,487.59. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP James A. Niewiara sold 810 shares of the stock in a transaction on Tuesday, May 7th. The stock was sold at an average price of $358.09, for a total value of $290,052.90. Following the transaction, the senior vice president now owns 12,986 shares of the company’s stock, valued at $4,650,156.74. The disclosure for this sale can be found here. Insiders sold 9,389 shares of company stock valued at $3,446,461 in the last three months. 1.26% of the stock is currently owned by insiders.

Motorola Solutions Price Performance

MSI stock opened at $385.80 on Friday. Motorola Solutions, Inc. has a 1 year low of $269.64 and a 1 year high of $391.65. 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 firm has a market capitalization of $64.35 billion, a PE ratio of 47.69, a price-to-earnings-growth ratio of 3.37 and a beta of 0.94. The business has a 50 day simple moving average of $368.81 and a 200-day simple moving average of $343.91.

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

Motorola Solutions Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Friday, June 14th will be paid 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 is Friday, June 14th. Motorola Solutions’s dividend payout ratio (DPR) is presently 48.45%.

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.