SPC Financial Inc. Lowers Stake in Motorola Solutions, Inc. (NYSE:MSI)

SPC Financial Inc. reduced its position in shares of Motorola Solutions, Inc. (NYSE:MSI) by 2.8% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 16,528 shares of the communications equipment provider’s stock after selling 474 shares during the quarter. SPC Financial Inc.’s holdings in Motorola Solutions were worth $7,431,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Raymond James & Associates raised its position in Motorola Solutions by 3.7% during the second quarter. Raymond James & Associates now owns 2,319,631 shares of the communications equipment provider’s stock valued at $895,494,000 after acquiring an additional 82,044 shares in the last quarter. Legal & General Group Plc lifted its holdings in shares of Motorola Solutions by 7.7% in the 2nd quarter. Legal & General Group Plc now owns 1,530,660 shares of the communications equipment provider’s stock worth $590,911,000 after acquiring an additional 110,072 shares during the last quarter. Alphinity Investment Management Pty Ltd boosted its position in Motorola Solutions by 36.5% in the 1st quarter. Alphinity Investment Management Pty Ltd now owns 1,478,757 shares of the communications equipment provider’s stock valued at $524,929,000 after buying an additional 395,096 shares during the period. Swedbank AB grew its stake in shares of Motorola Solutions by 215.7% in the second quarter. Swedbank AB now owns 1,023,956 shares of the communications equipment provider’s stock worth $395,298,000 after acquiring an additional 699,615 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. increased its position in shares of Motorola Solutions by 0.5% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 993,689 shares of the communications equipment provider’s stock worth $383,614,000 after acquiring an additional 4,984 shares during the period. 84.17% of the stock is currently owned by institutional investors.

Motorola Solutions Price Performance

Shares of Motorola Solutions stock opened at $476.55 on Thursday. The stock has a market capitalization of $79.49 billion, a P/E ratio of 58.91, a PEG ratio of 4.07 and a beta of 0.97. The company has a current ratio of 1.20, a quick ratio of 1.03 and a debt-to-equity ratio of 7.03. The business’s fifty day moving average price is $440.39 and its 200 day moving average price is $395.24. Motorola Solutions, Inc. has a twelve month low of $271.73 and a twelve month high of $477.89.

Motorola Solutions (NYSE:MSI) last issued its earnings results on Thursday, August 1st. The communications equipment provider reported $3.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.01 by $0.23. Motorola Solutions had a return on equity of 337.36% and a net margin of 14.04%. The business had revenue of $2.63 billion during the quarter, compared to analysts’ expectations of $2.59 billion. During the same quarter in the previous year, the business earned $2.41 EPS. The company’s revenue for the quarter was up 9.4% on a year-over-year basis. As a group, research analysts anticipate 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 was paid on Tuesday, October 15th. Investors of record on Friday, September 13th were issued a $0.98 dividend. The ex-dividend date of this dividend was Friday, September 13th. This represents a $3.92 annualized dividend and a yield of 0.82%. Motorola Solutions’s dividend payout ratio is currently 48.45%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. Evercore ISI boosted their price target on shares of Motorola Solutions from $450.00 to $500.00 and gave the company an “outperform” rating in a research report on Friday, August 30th. Bank of America upped their price objective on Motorola Solutions from $370.00 to $440.00 and gave the stock a “buy” rating in a report on Thursday, July 18th. JPMorgan Chase & Co. lifted their price objective on Motorola Solutions from $436.00 to $440.00 and gave the stock an “overweight” rating in a report on Friday, August 2nd. Jefferies Financial Group upped their target price on Motorola Solutions from $460.00 to $510.00 and gave the company a “buy” rating in a research note on Tuesday, September 3rd. Finally, Deutsche Bank Aktiengesellschaft raised their price target on shares of Motorola Solutions from $385.00 to $440.00 and gave the stock a “buy” rating in a research note on Tuesday, August 6th. Eight analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $466.17.

Insider Transactions at Motorola Solutions

In other news, COO John P. Molloy sold 23,985 shares of the business’s stock in a transaction 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 transaction, the chief operating officer now directly owns 46,821 shares of the company’s stock, valued at approximately $19,079,557.50. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 1.50% of the company’s stock.

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.