Massachusetts Financial Services Co. MA Sells 268 Shares of Motorola Solutions, Inc. (NYSE:MSI)

Massachusetts Financial Services Co. MA lowered its stake in shares of Motorola Solutions, Inc. (NYSE:MSI) by 0.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 722,403 shares of the communications equipment provider’s stock after selling 268 shares during the quarter. Massachusetts Financial Services Co. MA’s holdings in Motorola Solutions were worth $278,884,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently added to or reduced their stakes in the stock. Beacon Capital Management LLC boosted its position in Motorola Solutions by 71.8% during the second quarter. Beacon Capital Management LLC now owns 67 shares of the communications equipment provider’s stock valued at $26,000 after purchasing an additional 28 shares in the last quarter. Range Financial Group LLC boosted its position in Motorola Solutions by 2.0% during the second quarter. Range Financial Group LLC now owns 1,424 shares of the communications equipment provider’s stock valued at $550,000 after purchasing an additional 28 shares in the last quarter. Pinnacle Associates Ltd. boosted its position in Motorola Solutions by 2.5% during the first quarter. Pinnacle Associates Ltd. now owns 1,228 shares of the communications equipment provider’s stock valued at $436,000 after purchasing an additional 30 shares in the last quarter. Rehmann Capital Advisory Group boosted its position in Motorola Solutions by 1.0% during the first quarter. Rehmann Capital Advisory Group now owns 2,910 shares of the communications equipment provider’s stock valued at $1,033,000 after purchasing an additional 30 shares in the last quarter. Finally, Forum Financial Management LP boosted its position in Motorola Solutions by 2.3% during the second quarter. Forum Financial Management LP now owns 1,350 shares of the communications equipment provider’s stock valued at $521,000 after purchasing an additional 30 shares in the last quarter. Institutional investors own 84.17% of the company’s stock.

Motorola Solutions Trading Up 0.3 %

Shares of NYSE:MSI opened at $443.24 on Tuesday. Motorola Solutions, Inc. has a 52-week low of $269.64 and a 52-week high of $448.98. The stock has a market cap of $73.93 billion, a price-to-earnings ratio of 54.79, a PEG ratio of 3.80 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. The business has a 50-day moving average price of $414.82 and a 200-day moving average price of $378.52.

Motorola Solutions (NYSE:MSI) last announced its quarterly earnings data on Thursday, August 1st. The communications equipment provider reported $3.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.01 by $0.23. Motorola Solutions had a return on equity of 337.36% and a net margin of 14.04%. The firm had revenue of $2.63 billion during the quarter, compared to analysts’ expectations of $2.59 billion. During the same period last year, the business posted $2.41 earnings per share. The company’s revenue for the quarter was up 9.4% compared to the same quarter last year. Equities analysts predict that Motorola Solutions, Inc. will post 12.22 EPS for the current year.

Motorola Solutions Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Friday, September 13th will be given a dividend of $0.98 per share. This represents a $3.92 annualized dividend and a yield of 0.88%. The ex-dividend date is Friday, September 13th. Motorola Solutions’s dividend payout ratio is currently 48.45%.

Wall Street Analysts Forecast Growth

MSI has been the subject of several recent analyst reports. Evercore ISI raised their price target on Motorola Solutions from $450.00 to $500.00 and gave the stock an “outperform” rating in a report on Friday, August 30th. Bank of America raised their price target on Motorola Solutions from $370.00 to $440.00 and gave the stock a “buy” rating in a report on Thursday, July 18th. Barclays raised their price target on Motorola Solutions from $372.00 to $467.00 and gave the stock an “overweight” rating in a report on Friday, August 2nd. Deutsche Bank Aktiengesellschaft raised their price target on Motorola Solutions from $385.00 to $440.00 and gave the stock a “buy” rating in a report on Tuesday, August 6th. Finally, JPMorgan Chase & Co. raised their price target on Motorola Solutions from $436.00 to $440.00 and gave the stock an “overweight” rating in a report on Friday, August 2nd. Eight research analysts have rated the stock with a buy rating, According to MarketBeat, Motorola Solutions currently has an average rating of “Buy” and an average price target of $466.17.

Insider Activity at Motorola Solutions

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

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.