Summit Place Financial Advisors LLC Sells 891 Shares of Motorola Solutions, Inc. (NYSE:MSI)

Summit Place Financial Advisors LLC lowered its holdings in Motorola Solutions, Inc. (NYSE:MSI) by 9.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,053 shares of the communications equipment provider’s stock after selling 891 shares during the period. Motorola Solutions makes up 2.3% of Summit Place Financial Advisors LLC’s portfolio, making the stock its 7th biggest position. Summit Place Financial Advisors LLC’s holdings in Motorola Solutions were worth $4,071,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the business. Raymond James & Associates lifted its position in Motorola Solutions by 3.7% during the 2nd 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 in the last quarter. Legal & General Group Plc lifted its position in shares of Motorola Solutions by 7.7% during 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 purchasing an additional 110,072 shares in the last quarter. Alphinity Investment Management Pty Ltd boosted its stake in shares of Motorola Solutions by 36.5% in 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. Swedbank AB grew its holdings in Motorola Solutions by 215.7% during the 2nd 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 in the last quarter. Finally, Raymond James Financial Services Advisors Inc. grew its holdings in Motorola Solutions by 0.5% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 993,689 shares of the communications equipment provider’s stock valued at $383,614,000 after purchasing an additional 4,984 shares in the last quarter. Hedge funds and other institutional investors own 84.17% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have weighed in on MSI. JPMorgan Chase & Co. upped their price objective on shares of Motorola Solutions from $436.00 to $440.00 and gave the company an “overweight” rating in a research report on Friday, August 2nd. Deutsche Bank Aktiengesellschaft boosted their price target on Motorola Solutions from $385.00 to $440.00 and gave the stock a “buy” rating in a research note on Tuesday, August 6th. Evercore ISI raised their price objective on Motorola Solutions from $450.00 to $500.00 and gave the company an “outperform” rating in a research note on Friday, August 30th. Bank of America upped their target price on Motorola Solutions from $440.00 to $520.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. Finally, Barclays increased their target price on Motorola Solutions from $372.00 to $467.00 and gave the company an “overweight” rating in a research note on Friday, August 2nd. Eight analysts have rated the stock with a buy rating, According to data from MarketBeat, Motorola Solutions presently has an average rating of “Buy” and an average target price of $479.50.

Motorola Solutions Price Performance

Shares of MSI opened at $462.32 on Monday. Motorola Solutions, Inc. has a 52 week low of $271.73 and a 52 week high of $480.28. The company has a current ratio of 1.20, a quick ratio of 1.03 and a debt-to-equity ratio of 7.03. The firm has a market cap of $77.11 billion, a price-to-earnings ratio of 57.15, a PEG ratio of 3.96 and a beta of 0.97. The stock has a 50 day moving average of $448.08 and a 200-day moving average of $401.45.

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, topping analysts’ consensus estimates of $3.01 by $0.23. The firm 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%. The firm’s revenue was up 9.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.41 earnings per share. As a group, analysts forecast that Motorola Solutions, Inc. will post 12.22 EPS for the current year.

Motorola Solutions Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Friday, September 13th were paid a dividend of $0.98 per share. The ex-dividend date was Friday, September 13th. This represents a $3.92 annualized dividend and a yield of 0.85%. Motorola Solutions’s dividend payout ratio (DPR) is 48.45%.

Insiders Place Their Bets

In other news, COO John P. Molloy sold 23,985 shares of the company’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 transaction of $9,773,887.50. Following the completion of the transaction, the chief operating officer now directly owns 46,821 shares of the company’s stock, valued at approximately $19,079,557.50. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.50% of the stock is currently owned by corporate insiders.

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.