Kestra Private Wealth Services LLC Cuts Position in Motorola Solutions, Inc. (NYSE:MSI)

Kestra Private Wealth Services LLC reduced its position in shares of Motorola Solutions, Inc. (NYSE:MSI) by 12.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,072 shares of the communications equipment provider’s stock after selling 159 shares during the period. Kestra Private Wealth Services LLC’s holdings in Motorola Solutions were worth $336,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Commonwealth Equity Services LLC grew its stake in Motorola Solutions by 5.1% during the 3rd quarter. Commonwealth Equity Services LLC now owns 18,864 shares of the communications equipment provider’s stock worth $5,136,000 after buying an additional 907 shares during the last quarter. Cambridge Investment Research Advisors Inc. increased its holdings in shares of Motorola Solutions by 1.5% in the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 15,442 shares of the communications equipment provider’s stock valued at $4,204,000 after acquiring an additional 225 shares during the period. Stratos Wealth Partners LTD. raised its position in Motorola Solutions by 17.4% in the 3rd quarter. Stratos Wealth Partners LTD. now owns 1,386 shares of the communications equipment provider’s stock valued at $377,000 after purchasing an additional 205 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Motorola Solutions by 7.1% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 32,984 shares of the communications equipment provider’s stock worth $8,980,000 after purchasing an additional 2,198 shares during the period. Finally, Advisor Partners II LLC boosted its stake in Motorola Solutions by 18.8% during the 3rd quarter. Advisor Partners II LLC now owns 10,019 shares of the communications equipment provider’s stock worth $2,728,000 after purchasing an additional 1,586 shares during the period. Institutional investors and hedge funds own 84.17% of the company’s stock.

Motorola Solutions Stock Performance

Shares of MSI stock opened at $358.02 on Wednesday. The stock has a fifty day moving average price of $344.39 and a 200 day moving average price of $325.32. The company has a debt-to-equity ratio of 11.16, a quick ratio of 1.01 and a current ratio of 1.19. The stock has a market cap of $59.71 billion, a PE ratio of 44.25, a P/E/G ratio of 3.27 and a beta of 0.91. Motorola Solutions, Inc. has a 1 year low of $269.64 and a 1 year high of $358.20.

Motorola Solutions (NYSE:MSI) last issued its quarterly earnings data on Thursday, February 8th. The communications equipment provider reported $3.90 EPS for the quarter, beating analysts’ consensus estimates of $3.63 by $0.27. Motorola Solutions had a net margin of 13.64% and a return on equity of 398.16%. The firm had revenue of $2.85 billion for the quarter, compared to analysts’ expectations of $2.82 billion. During the same period in the prior year, the company earned $3.38 EPS. The firm’s revenue was up 5.2% on a year-over-year basis. Sell-side analysts forecast that Motorola Solutions, Inc. will post 11.74 earnings per share for the current fiscal year.

Motorola Solutions Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Friday, March 15th were issued a $0.98 dividend. The ex-dividend date was Thursday, March 14th. This represents a $3.92 dividend on an annualized basis and a yield of 1.09%. Motorola Solutions’s dividend payout ratio (DPR) is 48.45%.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on MSI. StockNews.com upgraded shares of Motorola Solutions from a “hold” rating to a “buy” rating in a research note on Monday, February 12th. JPMorgan Chase & Co. lifted their target price on Motorola Solutions from $400.00 to $405.00 and gave the company an “overweight” rating in a research note on Friday, May 3rd. Deutsche Bank Aktiengesellschaft upped their price target on Motorola Solutions from $355.00 to $375.00 and gave the stock a “buy” rating in a research note on Monday. Barclays lifted their price objective on shares of Motorola Solutions from $362.00 to $372.00 and gave the company an “overweight” rating in a research report on Friday, May 3rd. Finally, Evercore ISI assumed coverage on shares of Motorola Solutions in a research note on Monday, March 25th. They issued an “outperform” rating and a $400.00 price objective on the stock. One analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, Motorola Solutions currently has a consensus rating of “Moderate Buy” and an average target price of $357.43.

Insider Buying and Selling at Motorola Solutions

In related news, SVP Cynthia Yazdi sold 4,744 shares of the company’s stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $334.30, for a total transaction of $1,585,919.20. Following the transaction, the senior vice president now owns 8,858 shares of the company’s stock, valued at $2,961,229.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 1.50% of the stock is owned by 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.