ProShare Advisors LLC Cuts Holdings in Motorola Solutions, Inc. (NYSE:MSI)

ProShare Advisors LLC lowered its stake in shares of Motorola Solutions, Inc. (NYSE:MSI) by 1.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 53,386 shares of the communications equipment provider’s stock after selling 769 shares during the period. ProShare Advisors LLC’s holdings in Motorola Solutions were worth $20,610,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of MSI. Profund Advisors LLC lifted its stake in shares of Motorola Solutions by 7.1% during the 2nd quarter. Profund Advisors LLC now owns 3,471 shares of the communications equipment provider’s stock worth $1,340,000 after purchasing an additional 230 shares during the last quarter. Hancock Whitney Corp lifted its position in shares of Motorola Solutions by 0.7% during the second quarter. Hancock Whitney Corp now owns 5,786 shares of the communications equipment provider’s stock valued at $2,234,000 after buying an additional 40 shares during the last quarter. Merriman Wealth Management LLC bought a new stake in shares of Motorola Solutions in the 2nd quarter valued at about $215,000. Ensign Peak Advisors Inc grew its position in shares of Motorola Solutions by 3.3% in the 2nd quarter. Ensign Peak Advisors Inc now owns 62,771 shares of the communications equipment provider’s stock worth $24,233,000 after buying an additional 1,999 shares during the last quarter. Finally, Sei Investments Co. raised its stake in shares of Motorola Solutions by 12.2% during the 2nd quarter. Sei Investments Co. now owns 68,760 shares of the communications equipment provider’s stock worth $26,545,000 after acquiring an additional 7,481 shares in the last quarter. Institutional investors own 84.17% of the company’s stock.

Motorola Solutions Trading Up 1.0 %

Motorola Solutions stock opened at $447.09 on Tuesday. Motorola Solutions, Inc. has a 52 week low of $269.64 and a 52 week high of $448.98. The stock has a 50-day moving average price of $419.80 and a 200 day moving average price of $382.25. The company has a quick ratio of 1.03, a current ratio of 1.20 and a debt-to-equity ratio of 7.03. The company has a market capitalization of $74.57 billion, a price-to-earnings ratio of 55.26, a price-to-earnings-growth ratio of 3.80 and a beta of 0.97.

Motorola Solutions (NYSE:MSI) last released its quarterly earnings data on Thursday, August 1st. The communications equipment provider reported $3.24 EPS for the quarter, beating the consensus estimate 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 the consensus estimate of $2.59 billion. During the same period in the prior year, the firm earned $2.41 EPS. The business’s revenue for the quarter was up 9.4% on a year-over-year basis. Sell-side analysts anticipate that Motorola Solutions, Inc. will post 12.22 EPS for the current year.

Motorola Solutions Announces Dividend

The business also recently declared 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. This represents a $3.92 annualized dividend and a yield of 0.88%. The ex-dividend date of this dividend is Friday, September 13th. Motorola Solutions’s dividend payout ratio is currently 48.45%.

Insider Buying and Selling at Motorola Solutions

In other news, COO John P. Molloy sold 23,985 shares of the firm’s stock in a transaction that occurred 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 sale, the chief operating officer now owns 46,821 shares of the company’s stock, valued at approximately $19,079,557.50. The sale was disclosed in a filing 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 Analyst Weigh In

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

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.