Motorola Solutions, Inc. (NYSE:MSI) Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. decreased its holdings in Motorola Solutions, Inc. (NYSE:MSI) by 6.5% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 891,528 shares of the communications equipment provider’s stock after selling 61,634 shares during the quarter. Victory Capital Management Inc. owned approximately 0.53% of Motorola Solutions worth $344,174,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. National Bank of Canada FI grew its holdings in 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 buying an additional 406,638 shares during the period. Meridian Wealth Advisors LLC lifted its stake in shares of Motorola Solutions by 1.6% in the 2nd quarter. Meridian Wealth Advisors LLC now owns 2,844 shares of the communications equipment provider’s stock valued at $1,098,000 after purchasing an additional 45 shares in the last quarter. Range Financial Group LLC lifted its stake in shares of Motorola Solutions by 2.0% in the 2nd quarter. Range Financial Group LLC now owns 1,424 shares of the communications equipment provider’s stock valued at $550,000 after purchasing an additional 28 shares in the last quarter. TD Asset Management Inc lifted its stake in shares of Motorola Solutions by 3.7% in the 2nd quarter. TD Asset Management Inc now owns 942,529 shares of the communications equipment provider’s stock valued at $363,863,000 after purchasing an additional 33,643 shares in the last quarter. Finally, Consolidated Planning Corp lifted its stake in shares of Motorola Solutions by 2.0% in the 2nd quarter. Consolidated Planning Corp now owns 18,917 shares of the communications equipment provider’s stock valued at $7,303,000 after purchasing an additional 377 shares in the last quarter. Hedge funds and other institutional investors own 84.17% of the company’s stock.

Insider Activity

In other news, SVP Rajan Naik sold 5,274 shares of the company’s stock in a transaction on Thursday, June 13th. The stock was sold at an average price of $373.81, for a total transaction of $1,971,473.94. Following the completion of the sale, the senior vice president now directly owns 8,939 shares of the company’s stock, valued at $3,341,487.59. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, SVP Rajan Naik sold 5,274 shares of the company’s stock in a transaction on Thursday, June 13th. The stock was sold at an average price of $373.81, for a total transaction of $1,971,473.94. Following the transaction, the senior vice president now directly owns 8,939 shares of the company’s stock, valued at $3,341,487.59. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, COO John P. Molloy sold 23,985 shares of the company’s stock in a transaction 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 transaction, the chief operating officer now directly owns 46,821 shares in the company, valued at $19,079,557.50. The disclosure for this sale can be found here. 1.50% of the stock is currently owned by company insiders.

Motorola Solutions Trading Down 0.0 %

NYSE:MSI opened at $437.31 on Friday. Motorola Solutions, Inc. has a 1 year low of $269.64 and a 1 year high of $448.98. The stock has a market cap of $72.94 billion, a price-to-earnings ratio of 54.06, a PEG ratio of 3.85 and a beta of 0.94. The business has a fifty day moving average of $407.59 and a 200-day moving average of $372.43. The company has a debt-to-equity ratio of 7.03, a quick ratio of 1.03 and a current ratio of 1.20.

Motorola Solutions (NYSE:MSI) last announced its quarterly earnings data on Thursday, August 1st. The communications equipment provider reported $3.24 earnings per share for the quarter, beating the consensus estimate of $3.01 by $0.23. The business had revenue of $2.63 billion during the quarter, compared to analyst estimates 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 was up 9.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.41 earnings per share. Equities 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 announced a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Friday, September 13th will be issued a dividend of $0.98 per share. This represents a $3.92 annualized dividend and a dividend yield of 0.90%. The ex-dividend date of this dividend is Friday, September 13th. Motorola Solutions’s dividend payout ratio is 48.45%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on MSI. JPMorgan Chase & Co. lifted their price objective on Motorola Solutions from $436.00 to $440.00 and gave the company an “overweight” rating in a research note on Friday, August 2nd. Jefferies Financial Group boosted their price target on Motorola Solutions from $460.00 to $510.00 and gave the stock a “buy” rating in a research report on Tuesday. Evercore ISI boosted their price target on Motorola Solutions from $450.00 to $500.00 and gave the stock an “outperform” rating in a research report on Friday, August 30th. Deutsche Bank Aktiengesellschaft boosted their price target on Motorola Solutions from $385.00 to $440.00 and gave the stock a “buy” rating in a research report on Tuesday, August 6th. Finally, Barclays boosted 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. Eight equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock 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.