Motorola Solutions, Inc. (NYSE:MSI) Stake Cut by Mount Yale Investment Advisors LLC

Mount Yale Investment Advisors LLC decreased its holdings in shares of Motorola Solutions, Inc. (NYSE:MSI) by 19.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,778 shares of the communications equipment provider’s stock after selling 665 shares during the period. Mount Yale Investment Advisors LLC’s holdings in Motorola Solutions were worth $1,072,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Corient Private Wealth LLC grew its position in shares of Motorola Solutions by 15.6% during the 4th quarter. Corient Private Wealth LLC now owns 24,237 shares of the communications equipment provider’s stock valued at $7,589,000 after buying an additional 3,278 shares during the last quarter. Quest Partners LLC acquired a new stake in shares of Motorola Solutions during the 4th quarter worth approximately $303,000. Franklin Resources Inc. lifted its holdings in shares of Motorola Solutions by 1.9% in the 4th quarter. Franklin Resources Inc. now owns 34,894 shares of the communications equipment provider’s stock worth $10,925,000 after purchasing an additional 637 shares during the last quarter. Cambridge Investment Research Advisors Inc. lifted its holdings in shares of Motorola Solutions by 29.8% in the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 20,036 shares of the communications equipment provider’s stock worth $6,273,000 after purchasing an additional 4,594 shares during the last quarter. Finally, SageView Advisory Group LLC acquired a new position in Motorola Solutions during the 4th quarter valued at approximately $247,000. 84.17% of the stock is owned by institutional investors and hedge funds.

Motorola Solutions Stock Up 0.9 %

Motorola Solutions stock opened at $442.57 on Monday. Motorola Solutions, Inc. has a 52 week low of $269.64 and a 52 week high of $448.98. The stock has a market cap of $73.82 billion, a price-to-earnings ratio of 54.71, a PEG ratio of 3.80 and a beta of 0.97. The company’s 50-day moving average price is $418.74 and its two-hundred day moving average price is $381.46. The company has a current ratio of 1.20, a quick ratio of 1.03 and a debt-to-equity ratio of 7.03.

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

Motorola Solutions Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Friday, September 13th will be issued a $0.98 dividend. The ex-dividend date of this dividend is Friday, September 13th. This represents a $3.92 annualized dividend and a dividend yield of 0.89%. Motorola Solutions’s dividend payout ratio (DPR) is 48.45%.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. Barclays increased their target price on Motorola Solutions from $372.00 to $467.00 and gave the stock an “overweight” rating in a research report on Friday, August 2nd. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Motorola Solutions from $385.00 to $440.00 and gave the company a “buy” rating in a research report on Tuesday, August 6th. Jefferies Financial Group boosted their target price on shares of Motorola Solutions from $460.00 to $510.00 and gave the company a “buy” rating in a research note on Tuesday, September 3rd. JPMorgan Chase & Co. lifted their price target on Motorola Solutions from $436.00 to $440.00 and gave the company an “overweight” rating in a report on Friday, August 2nd. Finally, Bank of America boosted their price objective on Motorola Solutions from $370.00 to $440.00 and gave the stock a “buy” rating in a research report on Thursday, July 18th. Eight research analysts have rated the stock with a buy rating, Based on data from MarketBeat, Motorola Solutions currently has an average rating of “Buy” and an average target price of $466.17.

Insider Activity at Motorola Solutions

In other Motorola Solutions news, COO John P. Molloy sold 23,985 shares of the business’s stock in a transaction dated 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 sale, the chief operating officer now directly owns 46,821 shares in the company, valued at $19,079,557.50. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 1.50% of the company’s stock.

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.