Picton Mahoney Asset Management Lowers Holdings in Motorola Solutions, Inc. (NYSE:MSI)

Picton Mahoney Asset Management reduced its stake in shares of Motorola Solutions, Inc. (NYSE:MSI) by 10.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 29,352 shares of the communications equipment provider’s stock after selling 3,529 shares during the period. Picton Mahoney Asset Management’s holdings in Motorola Solutions were worth $9,188,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of MSI. Commonwealth Equity Services LLC grew its stake in Motorola Solutions by 5.1% during the third quarter. Commonwealth Equity Services LLC now owns 18,864 shares of the communications equipment provider’s stock worth $5,136,000 after buying an additional 907 shares during the period. Cambridge Investment Research Advisors Inc. boosted its position in Motorola Solutions by 1.5% in the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 15,442 shares of the communications equipment provider’s stock valued at $4,204,000 after buying an additional 225 shares during the last quarter. Stratos Wealth Partners LTD. grew its stake in shares of Motorola Solutions by 17.4% during the third quarter. Stratos Wealth Partners LTD. now owns 1,386 shares of the communications equipment provider’s stock valued at $377,000 after acquiring an additional 205 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Motorola Solutions by 7.1% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 32,984 shares of the communications equipment provider’s stock worth $8,980,000 after acquiring an additional 2,198 shares during the last quarter. Finally, IFM Investors Pty Ltd lifted its stake in shares of Motorola Solutions by 3.4% in the third quarter. IFM Investors Pty Ltd now owns 35,012 shares of the communications equipment provider’s stock worth $9,532,000 after acquiring an additional 1,150 shares in the last quarter. 84.17% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on MSI. Evercore ISI initiated coverage on Motorola Solutions in a report on Monday, March 25th. They set an “outperform” rating and a $400.00 price objective on the stock. Barclays upped their price target on shares of Motorola Solutions from $362.00 to $372.00 and gave the company an “overweight” rating in a report on Friday. StockNews.com raised shares of Motorola Solutions from a “hold” rating to a “buy” rating in a report on Monday, February 12th. JPMorgan Chase & Co. upped their target price on shares of Motorola Solutions from $400.00 to $405.00 and gave the company an “overweight” rating in a research note on Friday. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on Motorola Solutions from $355.00 to $375.00 and gave the stock a “buy” rating in a research note on Monday. One research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $357.43.

Insider Buying and Selling at Motorola Solutions

In other news, SVP Cynthia Yazdi sold 4,744 shares of Motorola Solutions stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $334.30, for a total transaction of $1,585,919.20. Following the sale, the senior vice president now owns 8,858 shares of the company’s stock, valued at $2,961,229.40. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 1.26% of the stock is currently owned by company insiders.

Motorola Solutions Stock Performance

MSI traded up $8.38 on Tuesday, hitting $358.02. 801,088 shares of the company’s stock were exchanged, compared to its average volume of 668,165. The company has a current ratio of 1.19, a quick ratio of 1.01 and a debt-to-equity ratio of 11.16. The stock has a fifty day moving average of $344.39 and a two-hundred day moving average of $325.32. Motorola Solutions, Inc. has a twelve month low of $269.64 and a twelve month high of $358.20. The firm has a market cap of $59.71 billion, a PE ratio of 44.25, a P/E/G ratio of 3.27 and a beta of 0.91.

Motorola Solutions (NYSE:MSI) last announced its quarterly earnings results on Thursday, February 8th. The communications equipment provider reported $3.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.63 by $0.27. The business had revenue of $2.85 billion for the quarter, compared to the consensus estimate of $2.82 billion. Motorola Solutions had a return on equity of 398.16% and a net margin of 13.64%. The business’s revenue was up 5.2% on a year-over-year basis. During the same quarter last year, the business posted $3.38 EPS. On average, research analysts anticipate that Motorola Solutions, Inc. will post 11.74 earnings per share for the current fiscal year.

Motorola Solutions Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Friday, March 15th were issued a $0.98 dividend. The ex-dividend date was Thursday, March 14th. This represents a $3.92 dividend on an annualized basis and a dividend yield of 1.09%. Motorola Solutions’s dividend payout ratio (DPR) is presently 48.45%.

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.