Parallel Advisors LLC Reduces Stake in Motorola Solutions, Inc. (NYSE:MSI)

Parallel Advisors LLC lessened its stake in shares of Motorola Solutions, Inc. (NYSE:MSI) by 10.0% in the first quarter, Holdings Channel reports. The institutional investor owned 2,675 shares of the communications equipment provider’s stock after selling 296 shares during the quarter. Parallel Advisors LLC’s holdings in Motorola Solutions were worth $1,171,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Crews Bank & Trust bought a new position in shares of Motorola Solutions in the fourth quarter worth $26,000. First Command Advisory Services Inc. bought a new stake in Motorola Solutions during the fourth quarter valued at $29,000. SBI Securities Co. Ltd. purchased a new position in Motorola Solutions during the fourth quarter worth about $30,000. Meeder Asset Management Inc. bought a new position in Motorola Solutions in the 4th quarter worth about $32,000. Finally, Fourth Dimension Wealth LLC bought a new position in Motorola Solutions in the 4th quarter worth about $34,000. Hedge funds and other institutional investors own 84.17% of the company’s stock.

Motorola Solutions Trading Down 0.7%

Shares of MSI opened at $415.54 on Monday. Motorola Solutions, Inc. has a fifty-two week low of $360.79 and a fifty-two week high of $507.82. The firm has a market cap of $69.36 billion, a price-to-earnings ratio of 45.07, a PEG ratio of 3.82 and a beta of 0.98. The firm has a 50 day moving average price of $420.90 and a 200-day moving average price of $446.13. The company has a debt-to-equity ratio of 3.30, a quick ratio of 1.13 and a current ratio of 1.28.

Motorola Solutions (NYSE:MSI) last posted its quarterly earnings results on Thursday, May 1st. The communications equipment provider reported $3.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.01 by $0.17. The business had revenue of $2.53 billion for the quarter, compared to analyst estimates of $2.52 billion. Motorola Solutions had a return on equity of 197.59% and a net margin of 14.58%. Motorola Solutions’s revenue for the quarter was up 5.8% compared to the same quarter last year. During the same period last year, the company earned $2.81 EPS. As a group, equities research analysts forecast that Motorola Solutions, Inc. will post 13.55 earnings per share for the current year.

Motorola Solutions Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Friday, June 13th will be issued a dividend of $1.09 per share. This represents a $4.36 dividend on an annualized basis and a dividend yield of 1.05%. The ex-dividend date is Friday, June 13th. Motorola Solutions’s dividend payout ratio (DPR) is presently 36.39%.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on MSI. Morgan Stanley lifted their price target on Motorola Solutions from $495.00 to $505.00 and gave the company an “equal weight” rating in a research report on Friday, February 14th. Wall Street Zen lowered shares of Motorola Solutions from a “buy” rating to a “hold” rating in a research report on Thursday, May 22nd. William Blair reissued an “outperform” rating on shares of Motorola Solutions in a report on Wednesday, May 28th. Barclays lowered their price objective on shares of Motorola Solutions from $527.00 to $511.00 and set an “overweight” rating on the stock in a research report on Monday, May 5th. Finally, JPMorgan Chase & Co. cut their target price on shares of Motorola Solutions from $570.00 to $515.00 and set an “overweight” rating for the company in a research report on Thursday, April 17th. Two analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $513.25.

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.