Forum Financial Management LP Has $575,000 Position in Motorola Solutions, Inc. (NYSE:MSI)

Forum Financial Management LP lessened its position in shares of Motorola Solutions, Inc. (NYSE:MSI) by 4.0% in the first quarter, HoldingsChannel.com reports. The fund owned 1,313 shares of the communications equipment provider’s stock after selling 54 shares during the period. Forum Financial Management LP’s holdings in Motorola Solutions were worth $575,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in MSI. ORG Wealth Partners LLC lifted its stake in shares of Motorola Solutions by 346.2% in the first quarter. ORG Wealth Partners LLC now owns 58 shares of the communications equipment provider’s stock valued at $25,000 after buying an additional 45 shares in the last quarter. Meeder Asset Management Inc. purchased a new position in Motorola Solutions during the 4th quarter valued at $32,000. Fourth Dimension Wealth LLC bought a new position in Motorola Solutions in the 4th quarter worth about $34,000. Community Bank N.A. purchased a new stake in shares of Motorola Solutions during the 1st quarter valued at about $32,000. Finally, Fort Vancouver Investment Management LLC purchased a new position in Motorola Solutions in the first quarter valued at about $37,000. 84.17% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Wall Street Zen cut Motorola Solutions from a “buy” rating to a “hold” rating in a report on Thursday, May 22nd. Barclays lowered their price target on shares of Motorola Solutions from $527.00 to $511.00 and set an “overweight” rating for the company in a report on Monday, May 5th. William Blair restated an “outperform” rating on shares of Motorola Solutions in a research report on Wednesday, May 28th. JPMorgan Chase & Co. dropped their price target 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. Finally, UBS Group assumed coverage on shares of Motorola Solutions in a research report on Wednesday. They set a “buy” rating and a $490.00 price target for the company. Three research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $510.67.

Insider Activity at Motorola Solutions

In related 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 completion of the sale, the chief accounting officer owned 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 document filed with the SEC, which is available through the SEC website. Insiders own 1.44% of the company’s stock.

Motorola Solutions Stock Up 1.1%

Shares of NYSE:MSI opened at $421.06 on Friday. Motorola Solutions, Inc. has a 1 year low of $385.17 and a 1 year high of $507.82. The company has a market cap of $70.28 billion, a PE ratio of 35.15, a P/E/G ratio of 3.58 and a beta of 0.95. The stock’s 50-day moving average is $416.65 and its 200 day moving average is $430.97. The company has a debt-to-equity ratio of 3.42, a current ratio of 1.20 and a quick ratio of 1.03.

Motorola Solutions (NYSE:MSI) last released its earnings results on Thursday, May 1st. The communications equipment provider reported $3.18 EPS for the quarter, topping analysts’ consensus estimates of $3.01 by $0.17. Motorola Solutions had a net margin of 18.67% and a return on equity of 160.93%. The business had revenue of $2.53 billion during the quarter, compared to analysts’ expectations of $2.52 billion. During the same quarter in the previous year, the company earned $2.81 earnings per share. The company’s quarterly revenue was up 5.8% on a year-over-year basis. Sell-side analysts anticipate that Motorola Solutions, Inc. will post 13.55 EPS for the current year.

Motorola Solutions Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Friday, June 13th were given a $1.09 dividend. The ex-dividend date was Friday, June 13th. This represents a $4.36 annualized dividend and a dividend yield of 1.04%. Motorola Solutions’s dividend payout ratio is presently 36.39%.

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.