Motorola Solutions, Inc. (NYSE:MSI) Shares Sold by Atria Investments Inc

Atria Investments Inc decreased its stake in shares of Motorola Solutions, Inc. (NYSE:MSI) by 15.7% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 12,044 shares of the communications equipment provider’s stock after selling 2,239 shares during the period. Atria Investments Inc’s holdings in Motorola Solutions were worth $5,416,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the company. Skandinaviska Enskilda Banken AB publ boosted its position in Motorola Solutions by 32.9% during the 2nd quarter. Skandinaviska Enskilda Banken AB publ now owns 358,011 shares of the communications equipment provider’s stock valued at $138,210,000 after purchasing an additional 88,603 shares during the period. Magnolia Capital Advisors LLC acquired a new position in Motorola Solutions during the 2nd quarter valued at about $19,694,000. State Board of Administration of Florida Retirement System grew its position in Motorola Solutions by 8.9% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 189,360 shares of the communications equipment provider’s stock worth $67,219,000 after purchasing an additional 15,488 shares during the last quarter. First Foundation Advisors grew its position in Motorola Solutions by 37.7% in the 1st quarter. First Foundation Advisors now owns 354 shares of the communications equipment provider’s stock worth $126,000 after purchasing an additional 97 shares during the last quarter. Finally, Heritage Wealth Management Inc. acquired a new position in shares of Motorola Solutions during the second quarter worth approximately $790,000. 84.17% of the stock is currently owned by institutional investors and hedge funds.

Motorola Solutions Stock Performance

Motorola Solutions stock opened at $496.96 on Tuesday. The company has a debt-to-equity ratio of 7.03, a current ratio of 1.20 and a quick ratio of 1.03. The company has a market cap of $82.91 billion, a P/E ratio of 54.43, a price-to-earnings-growth ratio of 4.24 and a beta of 0.97. Motorola Solutions, Inc. has a fifty-two week low of $307.09 and a fifty-two week high of $507.82. The firm’s 50 day simple moving average is $454.67 and its 200-day simple moving average is $409.96.

Motorola Solutions (NYSE:MSI) last released its earnings results on Thursday, November 7th. The communications equipment provider reported $3.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.10 by $0.36. Motorola Solutions had a return on equity of 310.04% and a net margin of 14.65%. The company had revenue of $2.79 billion during the quarter, compared to analyst estimates of $2.76 billion. As a group, equities research analysts predict that Motorola Solutions, Inc. will post 12.26 EPS for the current year.

Motorola Solutions Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Friday, September 13th were issued a dividend of $0.98 per share. This represents a $3.92 annualized dividend and a dividend yield of 0.79%. The ex-dividend date of this dividend was Friday, September 13th. Motorola Solutions’s dividend payout ratio is currently 42.94%.

Analyst Ratings Changes

Several analysts have weighed in on the company. Evercore ISI lifted their target price on Motorola Solutions from $450.00 to $500.00 and gave the company an “outperform” rating in a research note on Friday, August 30th. Raymond James increased their target price on shares of Motorola Solutions from $425.00 to $515.00 and gave the company an “outperform” rating in a research report on Friday. Jefferies Financial Group boosted their price target on shares of Motorola Solutions from $460.00 to $510.00 and gave the stock a “buy” rating in a research report on Tuesday, September 3rd. Bank of America raised their price objective on shares of Motorola Solutions from $440.00 to $520.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. Finally, Barclays upped their target price on Motorola Solutions from $467.00 to $529.00 and gave the stock an “overweight” rating in a research report on Friday. Nine equities research analysts have rated the stock with a buy rating, According to MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $493.43.

Motorola Solutions Company 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.