NBC Securities Inc. Sells 51 Shares of Motorola Solutions, Inc. (NYSE:MSI)

NBC Securities Inc. decreased its holdings in Motorola Solutions, Inc. (NYSE:MSI) by 9.4% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 492 shares of the communications equipment provider’s stock after selling 51 shares during the quarter. NBC Securities Inc.’s holdings in Motorola Solutions were worth $221,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Swedbank AB boosted its position in Motorola Solutions by 215.7% in the 2nd quarter. Swedbank AB now owns 1,023,956 shares of the communications equipment provider’s stock valued at $395,298,000 after buying an additional 699,615 shares during the last quarter. Wulff Hansen & CO. boosted its stake in Motorola Solutions by 38,505.0% in the second quarter. Wulff Hansen & CO. now owns 696,434 shares of the communications equipment provider’s stock valued at $268,858,000 after acquiring an additional 694,630 shares during the last quarter. National Bank of Canada FI lifted its stake in shares of Motorola Solutions by 428.2% in the 2nd quarter. National Bank of Canada FI now owns 501,601 shares of the communications equipment provider’s stock valued at $193,798,000 after purchasing an additional 406,638 shares during the period. Alphinity Investment Management Pty Ltd grew its stake in shares of Motorola Solutions by 36.5% during the first quarter. Alphinity Investment Management Pty Ltd now owns 1,478,757 shares of the communications equipment provider’s stock worth $524,929,000 after purchasing an additional 395,096 shares during the period. Finally, Janus Henderson Group PLC lifted its stake in Motorola Solutions by 1,477.3% in the first quarter. Janus Henderson Group PLC now owns 358,206 shares of the communications equipment provider’s stock valued at $127,149,000 after buying an additional 335,496 shares during the period. Institutional investors and hedge funds own 84.17% of the company’s stock.

Motorola Solutions Price Performance

NYSE MSI opened at $475.20 on Friday. Motorola Solutions, Inc. has a 12-month low of $271.73 and a 12-month high of $480.28. The firm’s 50 day moving average is $442.98 and its 200-day moving average is $396.97. The company has a market capitalization of $79.26 billion, a PE ratio of 58.74, a price-to-earnings-growth ratio of 4.07 and a beta of 0.97. The company has a quick ratio of 1.03, a current ratio of 1.20 and a debt-to-equity ratio of 7.03.

Motorola Solutions (NYSE:MSI) last issued its quarterly earnings results on Thursday, August 1st. The communications equipment provider reported $3.24 EPS for the quarter, topping the consensus estimate of $3.01 by $0.23. The firm had revenue of $2.63 billion for the quarter, compared to analysts’ expectations 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 for the quarter was up 9.4% on a year-over-year basis. During the same period in the previous year, the firm posted $2.41 EPS. Equities research analysts anticipate that Motorola Solutions, Inc. will post 12.22 earnings per share for the current fiscal year.

Motorola Solutions Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Friday, September 13th were given a dividend of $0.98 per share. This represents a $3.92 annualized dividend and a dividend yield of 0.82%. The ex-dividend date of this dividend was Friday, September 13th. Motorola Solutions’s dividend payout ratio (DPR) is 48.45%.

Wall Street Analysts Forecast Growth

MSI has been the subject of a number of analyst reports. 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 report on Friday, August 2nd. Deutsche Bank Aktiengesellschaft lifted their target price on Motorola Solutions from $385.00 to $440.00 and gave the stock a “buy” rating in a report on Tuesday, August 6th. Evercore ISI increased their price target on Motorola Solutions from $450.00 to $500.00 and gave the stock an “outperform” rating in a report on Friday, August 30th. Barclays raised their price target on Motorola Solutions from $372.00 to $467.00 and gave the stock an “overweight” rating in a research report on Friday, August 2nd. Finally, Bank of America increased their target price on Motorola Solutions from $370.00 to $440.00 and gave the stock a “buy” rating in a research note on Thursday, July 18th. Eight analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $466.17.

Insider Activity

In related 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 transaction of $9,773,887.50. Following the transaction, the chief operating officer now directly owns 46,821 shares in the company, valued at approximately $19,079,557.50. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.50% of the stock is currently owned by insiders.

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.