Alpha Cubed Investments LLC Sells 49 Shares of Motorola Solutions, Inc. (NYSE:MSI)

Alpha Cubed Investments LLC decreased its stake in shares of Motorola Solutions, Inc. (NYSE:MSI) by 5.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 837 shares of the communications equipment provider’s stock after selling 49 shares during the period. Alpha Cubed Investments LLC’s holdings in Motorola Solutions were worth $376,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. State of Tennessee Treasury Department boosted its stake in shares of Motorola Solutions by 78.9% in the 4th quarter. State of Tennessee Treasury Department now owns 64,580 shares of the communications equipment provider’s stock worth $20,219,000 after buying an additional 28,477 shares during the last quarter. Cubist Systematic Strategies LLC lifted its holdings in Motorola Solutions by 76.1% in the fourth quarter. Cubist Systematic Strategies LLC now owns 94,878 shares of the communications equipment provider’s stock valued at $29,705,000 after acquiring an additional 41,000 shares during the period. Vivaldi Capital Management LP boosted its position in Motorola Solutions by 4.8% in the fourth quarter. Vivaldi Capital Management LP now owns 2,323 shares of the communications equipment provider’s stock worth $742,000 after purchasing an additional 106 shares during the last quarter. LM Advisors LLC bought a new stake in shares of Motorola Solutions during the 4th quarter valued at about $528,000. Finally, Point72 Hong Kong Ltd purchased a new stake in shares of Motorola Solutions during the 4th quarter valued at about $14,971,000. Hedge funds and other institutional investors own 84.17% of the company’s stock.

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 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 sale, the chief operating officer now owns 46,821 shares in the company, valued at $19,079,557.50. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.50% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

MSI has been the topic of a number of research reports. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Motorola Solutions from $385.00 to $440.00 and gave the stock a “buy” rating in a report on Tuesday, August 6th. JPMorgan Chase & Co. boosted their price objective on shares of Motorola Solutions from $436.00 to $440.00 and gave the company an “overweight” rating in a research report on Friday, August 2nd. Jefferies Financial Group upped their price objective on Motorola Solutions from $460.00 to $510.00 and gave the stock a “buy” rating in a research note on Tuesday, September 3rd. Bank of America lifted their target price on Motorola Solutions from $370.00 to $440.00 and gave the company a “buy” rating in a research report on Thursday, July 18th. Finally, Evercore ISI upped their price target on Motorola Solutions from $450.00 to $500.00 and gave the stock an “outperform” rating in a research report on Friday, August 30th. Eight investment analysts have rated the stock with a buy rating, According to MarketBeat, Motorola Solutions has a consensus rating of “Buy” and an average price target of $466.17.

Motorola Solutions Trading Up 1.9 %

Shares of Motorola Solutions stock opened at $457.91 on Wednesday. Motorola Solutions, Inc. has a fifty-two week low of $271.73 and a fifty-two week high of $458.91. The company has a debt-to-equity ratio of 7.03, a quick ratio of 1.03 and a current ratio of 1.20. The company has a market capitalization of $76.38 billion, a P/E ratio of 56.60, a P/E/G ratio of 3.90 and a beta of 0.97. The company has a fifty day moving average of $430.99 and a 200 day moving average of $389.77.

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

Motorola Solutions Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Friday, September 13th will be given a dividend of $0.98 per share. The ex-dividend date is Friday, September 13th. This represents a $3.92 dividend on an annualized basis and a dividend yield of 0.86%. Motorola Solutions’s dividend payout ratio is 48.45%.

Motorola Solutions 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.