Motorola Solutions, Inc. (NYSE:MSI) Shares Sold by Axxcess Wealth Management LLC

Axxcess Wealth Management LLC reduced its holdings in Motorola Solutions, Inc. (NYSE:MSI) by 5.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,620 shares of the communications equipment provider’s stock after selling 98 shares during the period. Axxcess Wealth Management LLC’s holdings in Motorola Solutions were worth $749,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in MSI. State Street Corp boosted its holdings in Motorola Solutions by 2.7% in the third quarter. State Street Corp now owns 7,454,643 shares of the communications equipment provider’s stock valued at $3,358,848,000 after purchasing an additional 198,183 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Motorola Solutions by 2.4% in the 3rd quarter. Geode Capital Management LLC now owns 3,736,045 shares of the communications equipment provider’s stock valued at $1,675,588,000 after buying an additional 89,320 shares during the period. Raymond James Financial Inc. purchased a new stake in shares of Motorola Solutions in the fourth quarter worth about $1,528,949,000. Bank of New York Mellon Corp grew its holdings in Motorola Solutions by 8.5% during the fourth quarter. Bank of New York Mellon Corp now owns 1,287,296 shares of the communications equipment provider’s stock worth $595,026,000 after acquiring an additional 100,454 shares during the period. Finally, Swedbank AB raised its position in Motorola Solutions by 0.3% during the fourth quarter. Swedbank AB now owns 1,026,996 shares of the communications equipment provider’s stock valued at $474,708,000 after acquiring an additional 3,040 shares in the last quarter. Hedge funds and other institutional investors own 84.17% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on MSI. StockNews.com raised shares of Motorola Solutions from a “hold” rating to a “buy” rating in a research note on Tuesday, February 18th. Barclays cut their price objective on shares of Motorola Solutions from $529.00 to $527.00 and set an “overweight” rating for the company in a report on Friday, February 14th. Deutsche Bank Aktiengesellschaft raised their target price on Motorola Solutions from $440.00 to $530.00 and gave the company a “buy” rating in a research report on Tuesday, November 26th. Finally, Morgan Stanley upped their price objective on shares of Motorola Solutions from $495.00 to $505.00 and gave the stock an “equal weight” rating in a research report on Friday, February 14th. One investment analyst has rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $505.88.

Motorola Solutions Stock Down 0.5 %

NYSE MSI opened at $422.10 on Friday. The business’s fifty day simple moving average is $447.09 and its 200-day simple moving average is $459.64. The company has a quick ratio of 1.13, a current ratio of 1.28 and a debt-to-equity ratio of 3.30. The firm has a market cap of $70.46 billion, a PE ratio of 45.78, a P/E/G ratio of 3.82 and a beta of 1.03. Motorola Solutions, Inc. has a 52 week low of $332.98 and a 52 week high of $507.82.

Motorola Solutions (NYSE:MSI) last posted its earnings results on Thursday, February 13th. The communications equipment provider reported $3.75 earnings per share for the quarter, missing the consensus estimate of $3.85 by ($0.10). The firm had revenue of $3.01 billion during the quarter, compared to analyst estimates of $3 billion. Motorola Solutions had a net margin of 14.58% and a return on equity of 197.59%. As a group, equities analysts anticipate that Motorola Solutions, Inc. will post 13.55 earnings per share for the current year.

Motorola Solutions Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Friday, March 14th will be paid a dividend of $1.09 per share. The ex-dividend date is Friday, March 14th. This represents a $4.36 annualized dividend and a yield of 1.03%. Motorola Solutions’s dividend payout ratio (DPR) is 47.29%.

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.