4,537 Shares in Motorola Solutions, Inc. (NYSE:MSI) Bought by Greenwood Capital Associates LLC

Greenwood Capital Associates LLC purchased a new position in Motorola Solutions, Inc. (NYSE:MSI) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 4,537 shares of the communications equipment provider’s stock, valued at approximately $1,986,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. First Command Advisory Services Inc. purchased a new stake in Motorola Solutions in the 4th quarter worth $29,000. SBI Securities Co. Ltd. acquired a new stake in Motorola Solutions during the 4th quarter worth $30,000. Meeder Asset Management Inc. acquired a new stake in Motorola Solutions during the 4th quarter worth $32,000. Fourth Dimension Wealth LLC acquired a new stake in Motorola Solutions during the 4th quarter worth $34,000. Finally, Sierra Ocean LLC acquired a new stake in Motorola Solutions during the 4th quarter worth $35,000. Hedge funds and other institutional investors own 84.17% of the company’s stock.

Motorola Solutions Trading Down 0.9%

Shares of MSI stock opened at $408.54 on Thursday. The company’s 50-day moving average price is $418.49 and its 200-day moving average price is $442.54. The company has a current ratio of 1.28, a quick ratio of 1.13 and a debt-to-equity ratio of 3.30. The stock has a market cap of $68.19 billion, a price-to-earnings ratio of 44.31, a PEG ratio of 3.82 and a beta of 0.96. Motorola Solutions, Inc. has a twelve month low of $370.00 and a twelve month high of $507.82.

Motorola Solutions (NYSE:MSI) last announced its quarterly earnings results on Thursday, May 1st. The communications equipment provider reported $3.18 earnings per share for the quarter, beating the consensus estimate of $3.01 by $0.17. Motorola Solutions had a net margin of 14.58% and a return on equity of 197.59%. The firm had revenue of $2.53 billion for the quarter, compared to analysts’ expectations of $2.52 billion. During the same quarter in the previous year, the company posted $2.81 EPS. The company’s revenue was up 5.8% compared to the same quarter last year. As a group, equities analysts predict that Motorola Solutions, Inc. will post 13.55 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, July 15th. Shareholders of record on Friday, June 13th will be given a $1.09 dividend. The ex-dividend date of this dividend is Friday, June 13th. This represents a $4.36 dividend on an annualized basis and a yield of 1.07%. Motorola Solutions’s payout ratio is currently 36.39%.

Wall Street Analyst Weigh In

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

Insider Buying and Selling at Motorola Solutions

In other Motorola Solutions news, CAO Katherine A. Maher sold 1,073 shares of the company’s stock in a transaction dated Thursday, May 29th. The shares were sold at an average price of $418.68, for a total value of $449,243.64. Following the transaction, the chief accounting officer now owns 804 shares of the company’s stock, valued at $336,618.72. This represents a 57.17% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 1.44% of the stock is currently owned by corporate insiders.

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.