SPC Financial Inc. Cuts Stake in Motorola Solutions, Inc. (NYSE:MSI)

SPC Financial Inc. lessened its holdings in shares of Motorola Solutions, Inc. (NYSE:MSI) by 16.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 17,002 shares of the communications equipment provider’s stock after selling 3,467 shares during the period. SPC Financial Inc.’s holdings in Motorola Solutions were worth $6,564,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the business. Capital World Investors increased its holdings in Motorola Solutions by 0.4% in the 4th quarter. Capital World Investors now owns 12,176,768 shares of the communications equipment provider’s stock worth $3,812,424,000 after buying an additional 44,279 shares during the period. Raymond James & Associates increased its stake in shares of Motorola Solutions by 3.7% in the second quarter. Raymond James & Associates now owns 2,319,631 shares of the communications equipment provider’s stock worth $895,494,000 after acquiring an additional 82,044 shares during the period. Legal & General Group Plc increased its stake in shares of Motorola Solutions by 7.7% in the second quarter. Legal & General Group Plc now owns 1,530,660 shares of the communications equipment provider’s stock worth $590,911,000 after acquiring an additional 110,072 shares during the period. Alphinity Investment Management Pty Ltd lifted its position in Motorola Solutions by 36.5% during the first quarter. Alphinity Investment Management Pty Ltd now owns 1,478,757 shares of the communications equipment provider’s stock valued at $524,929,000 after purchasing an additional 395,096 shares during the period. Finally, Swedbank AB boosted its holdings in Motorola Solutions by 215.7% in the second quarter. Swedbank AB now owns 1,023,956 shares of the communications equipment provider’s stock valued at $395,298,000 after purchasing an additional 699,615 shares during the last quarter. Institutional investors and hedge funds own 84.17% of the company’s stock.

Insider Buying and Selling

In other Motorola Solutions news, COO John P. Molloy sold 23,985 shares of the business’s stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of $407.50, for a total value of $9,773,887.50. Following the sale, the chief operating officer now owns 46,821 shares of the company’s stock, valued at $19,079,557.50. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.50% of the stock is currently owned by corporate insiders.

Motorola Solutions Price Performance

Motorola Solutions stock opened at $449.60 on Tuesday. The company has a fifty day simple moving average of $425.29 and a 200-day simple moving average of $386.09. The firm has a market capitalization of $74.99 billion, a price-to-earnings ratio of 55.57, a PEG ratio of 3.90 and a beta of 0.97. The company has a quick ratio of 1.03, a current ratio of 1.20 and a debt-to-equity ratio of 7.03. Motorola Solutions, Inc. has a 52-week low of $269.64 and a 52-week high of $452.00.

Motorola Solutions (NYSE:MSI) last released its quarterly earnings data on Thursday, August 1st. The communications equipment provider reported $3.24 EPS for the quarter, beating analysts’ consensus estimates of $3.01 by $0.23. The company had revenue of $2.63 billion during the quarter, compared to the consensus estimate of $2.59 billion. Motorola Solutions had a net margin of 14.04% and a return on equity of 337.36%. Motorola Solutions’s quarterly revenue was up 9.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.41 EPS. On average, equities analysts anticipate that Motorola Solutions, Inc. will post 12.22 EPS for the current fiscal year.

Motorola Solutions Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Friday, September 13th will be given a $0.98 dividend. The ex-dividend date is Friday, September 13th. This represents a $3.92 dividend on an annualized basis and a yield of 0.87%. Motorola Solutions’s payout ratio is currently 48.45%.

Wall Street Analysts Forecast Growth

Several analysts recently commented on MSI shares. JPMorgan Chase & Co. raised their target price on Motorola Solutions from $436.00 to $440.00 and gave the stock an “overweight” rating in a report on Friday, August 2nd. Bank of America lifted their target price on shares of Motorola Solutions from $370.00 to $440.00 and gave the company a “buy” rating in a report on Thursday, July 18th. Deutsche Bank Aktiengesellschaft increased their price target on shares of Motorola Solutions from $385.00 to $440.00 and gave the stock a “buy” rating in a report on Tuesday, August 6th. Jefferies Financial Group lifted their price objective on shares of Motorola Solutions from $460.00 to $510.00 and gave the company a “buy” rating in a report on Tuesday, September 3rd. Finally, Barclays increased their target price on shares of Motorola Solutions from $372.00 to $467.00 and gave the stock an “overweight” rating in a research note on Friday, August 2nd. Eight research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $466.17.

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.