Quantitative Investment Management LLC decreased its holdings in Motorola Solutions, Inc. (NYSE:MSI – Free Report) by 46.4% in the 1st quarter, Holdings Channel reports. The firm owned 1,440 shares of the communications equipment provider’s stock after selling 1,247 shares during the period. Quantitative Investment Management LLC’s holdings in Motorola Solutions were worth $630,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds have also recently added to or reduced their stakes in the company. Dodge & Cox increased its holdings in Motorola Solutions by 30.1% during the 1st quarter. Dodge & Cox now owns 11,228 shares of the communications equipment provider’s stock valued at $4,916,000 after acquiring an additional 2,601 shares in the last quarter. Jump Financial LLC lifted its stake in shares of Motorola Solutions by 245.2% during the first quarter. Jump Financial LLC now owns 35,111 shares of the communications equipment provider’s stock worth $15,372,000 after purchasing an additional 24,941 shares in the last quarter. Bahl & Gaynor Inc. boosted its position in shares of Motorola Solutions by 1.5% in the first quarter. Bahl & Gaynor Inc. now owns 388,866 shares of the communications equipment provider’s stock worth $170,249,000 after buying an additional 5,818 shares during the period. Haverford Trust Co purchased a new stake in shares of Motorola Solutions during the first quarter worth about $202,000. Finally, Allstate Corp lifted its position in shares of Motorola Solutions by 59.8% during the first quarter. Allstate Corp now owns 6,814 shares of the communications equipment provider’s stock worth $2,983,000 after purchasing an additional 2,549 shares during the last quarter. Institutional investors and hedge funds own 84.17% of the company’s stock.
Motorola Solutions Stock Performance
MSI opened at $460.8780 on Tuesday. The firm has a market capitalization of $76.78 billion, a PE ratio of 37.11, a PEG ratio of 3.70 and a beta of 0.97. Motorola Solutions, Inc. has a 52-week low of $388.90 and a 52-week high of $507.82. The business’s 50-day simple moving average is $432.03 and its 200 day simple moving average is $426.51. The company has a debt-to-equity ratio of 3.86, a quick ratio of 1.54 and a current ratio of 1.73.
Motorola Solutions Cuts Dividend
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Monday, September 15th will be issued a dividend of $0.0109 per share. This represents a $0.04 dividend on an annualized basis and a yield of 0.0%. Motorola Solutions’s payout ratio is currently 35.10%.
Analyst Upgrades and Downgrades
A number of equities analysts recently issued reports on the stock. UBS Group increased their target price on shares of Motorola Solutions from $490.00 to $510.00 and gave the company a “buy” rating in a research report on Friday, August 8th. Wall Street Zen cut Motorola Solutions from a “buy” rating to a “hold” rating in a research report on Thursday, May 22nd. Barclays cut their target price on shares of Motorola Solutions from $511.00 to $509.00 and set an “overweight” rating for the company in a research report on Friday, August 8th. William Blair reiterated an “outperform” rating on shares of Motorola Solutions in a research report on Wednesday, May 28th. Finally, Wolfe Research started coverage on shares of Motorola Solutions in a research report on Monday, July 7th. They set a “peer perform” rating for the company. Nine analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $512.67.
Read Our Latest Report on Motorola Solutions
Insider Buying and Selling
In other Motorola Solutions news, COO John P. Molloy sold 37,514 shares of the firm’s stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $462.38, for a total transaction of $17,345,723.32. Following the completion of the sale, the chief operating officer owned 59,328 shares of the company’s stock, valued at $27,432,080.64. This trade represents a 38.74% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Gregory Q. Brown sold 82,765 shares of the firm’s stock in a transaction on Thursday, August 14th. The shares were sold at an average price of $463.05, for a total value of $38,324,333.25. Following the sale, the chief executive officer directly owned 57,836 shares of the company’s stock, valued at $26,780,959.80. This represents a 58.87% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 138,952 shares of company stock worth $64,211,604. Company insiders own 1.44% 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.
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