SG Americas Securities LLC Cuts Position in Motorola Solutions, Inc. (NYSE:MSI)

SG Americas Securities LLC lowered its position in Motorola Solutions, Inc. (NYSE:MSI) by 90.2% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,677 shares of the communications equipment provider’s stock after selling 33,710 shares during the quarter. SG Americas Securities LLC’s holdings in Motorola Solutions were worth $1,653,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Beacon Capital Management LLC boosted its holdings in shares of Motorola Solutions by 71.8% in the 2nd quarter. Beacon Capital Management LLC now owns 67 shares of the communications equipment provider’s stock valued at $26,000 after buying an additional 28 shares in the last quarter. Range Financial Group LLC lifted its stake in Motorola Solutions by 2.0% in the second quarter. Range Financial Group LLC now owns 1,424 shares of the communications equipment provider’s stock valued at $550,000 after buying an additional 28 shares during the last quarter. Pinnacle Associates Ltd. boosted its holdings in shares of Motorola Solutions by 2.5% in the first quarter. Pinnacle Associates Ltd. now owns 1,228 shares of the communications equipment provider’s stock valued at $436,000 after acquiring an additional 30 shares during the period. Rehmann Capital Advisory Group grew its position in shares of Motorola Solutions by 1.0% during the first quarter. Rehmann Capital Advisory Group now owns 2,910 shares of the communications equipment provider’s stock worth $1,033,000 after acquiring an additional 30 shares during the last quarter. Finally, Forum Financial Management LP increased its holdings in shares of Motorola Solutions by 2.3% in the 2nd quarter. Forum Financial Management LP now owns 1,350 shares of the communications equipment provider’s stock valued at $521,000 after acquiring an additional 30 shares during the period. Institutional investors and hedge funds own 84.17% of the company’s stock.

Motorola Solutions Stock Up 1.9 %

Motorola Solutions stock opened at $457.91 on Wednesday. The stock’s 50 day moving average price is $430.99 and its 200 day moving average price is $389.77. The company has a market cap of $76.38 billion, a PE ratio of 56.60, a price-to-earnings-growth ratio of 3.90 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. Motorola Solutions, Inc. has a 1-year low of $271.73 and a 1-year high of $458.91.

Motorola Solutions (NYSE:MSI) last issued its 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 company had revenue of $2.63 billion for the quarter, compared to analyst estimates of $2.59 billion. Motorola Solutions had a net margin of 14.04% and a return on equity of 337.36%. The business’s revenue was up 9.4% on a year-over-year basis. During the same period in the previous year, the firm earned $2.41 EPS. On average, sell-side analysts predict that Motorola Solutions, Inc. will post 12.22 EPS for the current fiscal year.

Motorola Solutions Dividend Announcement

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

Insider Activity

In related news, COO John P. Molloy sold 23,985 shares of the firm’s stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of $407.50, for a total value of $9,773,887.50. Following the completion of the transaction, the chief operating officer now directly owns 46,821 shares of the company’s stock, valued at $19,079,557.50. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 1.50% of the company’s stock.

Analyst Ratings Changes

Several research analysts have issued reports on MSI shares. Barclays raised their price objective on shares of Motorola Solutions from $372.00 to $467.00 and gave the stock an “overweight” rating in a research report on Friday, August 2nd. Bank of America boosted their price target on Motorola Solutions from $370.00 to $440.00 and gave the company a “buy” rating in a research report on Thursday, July 18th. Deutsche Bank Aktiengesellschaft increased their price objective on Motorola Solutions from $385.00 to $440.00 and gave the stock a “buy” rating in a research report on Tuesday, August 6th. Jefferies Financial Group lifted their price objective 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. Finally, Evercore ISI upped their price objective 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. Eight investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $466.17.

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.