Xponance Inc. Lowers Stock Holdings in Motorola Solutions, Inc. (NYSE:MSI)

Xponance Inc. cut its holdings in Motorola Solutions, Inc. (NYSE:MSI) by 18.4% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 29,334 shares of the communications equipment provider’s stock after selling 6,614 shares during the quarter. Xponance Inc.’s holdings in Motorola Solutions were worth $11,324,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. MFA Wealth Advisors LLC acquired a new position in Motorola Solutions during the second quarter worth $25,000. Beacon Capital Management LLC increased its stake in shares of Motorola Solutions by 71.8% during the second quarter. Beacon Capital Management LLC now owns 67 shares of the communications equipment provider’s stock worth $26,000 after purchasing an additional 28 shares in the last quarter. LRI Investments LLC raised its position in shares of Motorola Solutions by 871.4% during the 2nd quarter. LRI Investments LLC now owns 68 shares of the communications equipment provider’s stock worth $26,000 after purchasing an additional 61 shares during the last quarter. Triad Wealth Partners LLC purchased a new position in Motorola Solutions in the 2nd quarter valued at about $29,000. Finally, Crewe Advisors LLC acquired a new stake in Motorola Solutions in the 1st quarter worth about $28,000. 84.17% of the stock is owned by institutional investors and hedge funds.

Motorola Solutions Stock Up 1.0 %

Shares of NYSE MSI opened at $447.09 on Tuesday. The company has a market capitalization of $74.57 billion, a P/E ratio of 55.26, a P/E/G ratio of 3.80 and a beta of 0.97. The company has a debt-to-equity ratio of 7.03, a current ratio of 1.20 and a quick ratio of 1.03. The company has a 50 day simple moving average of $419.80 and a 200-day simple moving average of $382.25. Motorola Solutions, Inc. has a 1 year low of $269.64 and a 1 year high of $448.98.

Motorola Solutions (NYSE:MSI) last posted its earnings results 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. The company had revenue of $2.63 billion for the quarter, compared to the consensus estimate of $2.59 billion. Motorola Solutions had a return on equity of 337.36% and a net margin of 14.04%. The company’s revenue for the quarter was up 9.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.41 earnings per share. On average, equities research analysts predict that Motorola Solutions, Inc. will post 12.22 earnings per share for the current year.

Motorola Solutions Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Friday, September 13th will be given a dividend of $0.98 per share. This represents a $3.92 dividend on an annualized basis and a dividend yield of 0.88%. The ex-dividend date of this dividend is Friday, September 13th. Motorola Solutions’s dividend payout ratio is presently 48.45%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on MSI. Barclays lifted their price target on Motorola Solutions from $372.00 to $467.00 and gave the stock an “overweight” rating in a research note on Friday, August 2nd. Jefferies Financial Group increased their target price on shares of Motorola Solutions from $460.00 to $510.00 and gave the company a “buy” rating in a research report on Tuesday, September 3rd. Evercore ISI boosted their price target on shares of Motorola Solutions from $450.00 to $500.00 and gave the stock an “outperform” rating in a research report on Friday, August 30th. 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 report on Friday, August 2nd. Finally, 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 report on Thursday, July 18th. Eight equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $466.17.

Insider Activity

In related news, COO John P. Molloy sold 23,985 shares of Motorola Solutions stock in a transaction that occurred 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 completion of the sale, the chief operating officer now owns 46,821 shares in the company, valued at approximately $19,079,557.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.50% of the company’s stock.

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.