Desjardins Global Asset Management Inc. Sells 67 Shares of Motorola Solutions, Inc. (NYSE:MSI)

Desjardins Global Asset Management Inc. lessened its holdings in shares of Motorola Solutions, Inc. (NYSE:MSI) by 8.7% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 699 shares of the communications equipment provider’s stock after selling 67 shares during the period. Desjardins Global Asset Management Inc.’s holdings in Motorola Solutions were worth $219,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Geode Capital Management LLC raised its position in shares of Motorola Solutions by 3.5% in the 1st quarter. Geode Capital Management LLC now owns 3,531,492 shares of the communications equipment provider’s stock worth $1,008,362,000 after purchasing an additional 119,907 shares during the last quarter. Alliancebernstein L.P. raised its position in shares of Motorola Solutions by 1.9% in the 2nd quarter. Alliancebernstein L.P. now owns 3,337,453 shares of the communications equipment provider’s stock worth $978,808,000 after purchasing an additional 60,733 shares during the last quarter. FMR LLC raised its position in shares of Motorola Solutions by 1.6% in the 3rd quarter. FMR LLC now owns 2,350,325 shares of the communications equipment provider’s stock worth $639,853,000 after purchasing an additional 37,718 shares during the last quarter. Raymond James & Associates raised its position in shares of Motorola Solutions by 4.7% in the 4th quarter. Raymond James & Associates now owns 2,155,597 shares of the communications equipment provider’s stock worth $674,896,000 after purchasing an additional 96,421 shares during the last quarter. Finally, Invesco Ltd. raised its position in shares of Motorola Solutions by 0.4% in the 3rd quarter. Invesco Ltd. now owns 2,006,858 shares of the communications equipment provider’s stock worth $546,347,000 after purchasing an additional 8,514 shares during the last quarter. Institutional investors own 84.17% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on MSI shares. Deutsche Bank Aktiengesellschaft started coverage on Motorola Solutions in a research report on Friday, January 19th. They issued a “buy” rating and a $350.00 price target for the company. StockNews.com raised Motorola Solutions from a “hold” rating to a “buy” rating in a research report on Monday, February 12th. Evercore ISI assumed coverage on Motorola Solutions in a research report on Monday, March 25th. They issued an “outperform” rating and a $400.00 target price for the company. William Blair reissued an “outperform” rating on shares of Motorola Solutions in a research report on Friday, February 9th. Finally, JPMorgan Chase & Co. boosted their target price on Motorola Solutions from $360.00 to $400.00 and gave the stock an “overweight” rating in a research report on Thursday, April 11th. One equities research analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, Motorola Solutions presently has an average rating of “Moderate Buy” and a consensus target price of $348.38.

Motorola Solutions Price Performance

NYSE MSI opened at $339.46 on Friday. Motorola Solutions, Inc. has a 52 week low of $269.64 and a 52 week high of $355.39. The firm has a market capitalization of $56.39 billion, a P/E ratio of 34.19, a PEG ratio of 3.15 and a beta of 0.90. The company has a quick ratio of 0.85, a current ratio of 1.00 and a debt-to-equity ratio of 6.37. The company has a 50-day moving average price of $338.99 and a 200-day moving average price of $319.04.

Motorola Solutions (NYSE:MSI) last released its quarterly earnings results on Thursday, February 8th. The communications equipment provider reported $3.90 EPS for the quarter, beating the consensus estimate of $3.63 by $0.27. Motorola Solutions had a net margin of 17.12% and a return on equity of 441.65%. The firm had revenue of $2.85 billion during the quarter, compared to analyst estimates of $2.82 billion. During the same quarter in the prior year, the firm earned $3.38 EPS. The business’s revenue for the quarter was up 5.2% compared to the same quarter last year. Equities research analysts anticipate that Motorola Solutions, Inc. will post 11.74 earnings per share for the current year.

Motorola Solutions Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Friday, March 15th were given a dividend of $0.98 per share. This represents a $3.92 annualized dividend and a dividend yield of 1.15%. The ex-dividend date of this dividend was Thursday, March 14th. Motorola Solutions’s payout ratio is currently 39.48%.

Insider Activity

In other news, SVP Cynthia Yazdi sold 4,744 shares of the company’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $334.30, for a total transaction of $1,585,919.20. Following the completion of the sale, the senior vice president now owns 8,858 shares of the company’s stock, valued at approximately $2,961,229.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 1.50% of the company’s stock.

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.