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

Atria Investments Inc lowered its stake in shares of Motorola Solutions, Inc. (NYSE:MSI) by 4.8% during the first quarter, Holdings Channel reports. The firm owned 14,858 shares of the communications equipment provider’s stock after selling 750 shares during the period. Atria Investments Inc’s holdings in Motorola Solutions were worth $5,274,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in MSI. Crewe Advisors LLC purchased a new position in shares of Motorola Solutions during the first quarter worth approximately $28,000. Rise Advisors LLC purchased a new position in shares of Motorola Solutions during the first quarter worth approximately $29,000. Hexagon Capital Partners LLC grew its position in shares of Motorola Solutions by 78.7% during the first quarter. Hexagon Capital Partners LLC now owns 84 shares of the communications equipment provider’s stock worth $30,000 after acquiring an additional 37 shares during the last quarter. North Star Investment Management Corp. grew its position in shares of Motorola Solutions by 206.9% during the first quarter. North Star Investment Management Corp. now owns 89 shares of the communications equipment provider’s stock worth $32,000 after acquiring an additional 60 shares during the last quarter. Finally, Private Wealth Management Group LLC purchased a new position in shares of Motorola Solutions during the fourth quarter worth approximately $29,000. Institutional investors and hedge funds own 84.17% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the stock. Deutsche Bank Aktiengesellschaft raised their target price on shares of Motorola Solutions from $375.00 to $385.00 and gave the stock a “buy” rating in a research report on Monday, June 3rd. Barclays lifted their price objective on shares of Motorola Solutions from $372.00 to $467.00 and gave the company an “overweight” rating in a research report on Friday. JPMorgan Chase & Co. lifted 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. Finally, Bank of America lifted their price objective on shares of Motorola Solutions from $370.00 to $440.00 and gave the company a “buy” rating in a research report on Thursday, July 18th. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $393.14.

Insider Buying and Selling

In other Motorola Solutions news, SVP Rajan Naik sold 5,274 shares of the company’s stock in a transaction dated Thursday, June 13th. The shares were sold at an average price of $373.81, for a total value of $1,971,473.94. Following the transaction, the senior vice president now directly owns 8,939 shares in the company, valued at approximately $3,341,487.59. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, SVP James A. Niewiara sold 810 shares of the stock in a transaction dated Tuesday, May 7th. The shares were sold at an average price of $358.09, for a total transaction of $290,052.90. Following the transaction, the senior vice president now directly owns 12,986 shares in the company, valued at approximately $4,650,156.74. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP Rajan Naik sold 5,274 shares of the stock in a transaction that occurred on Thursday, June 13th. The stock was sold at an average price of $373.81, for a total transaction of $1,971,473.94. Following the sale, the senior vice president now directly owns 8,939 shares of the company’s stock, valued at approximately $3,341,487.59. The disclosure for this sale can be found here. Insiders have sold 9,389 shares of company stock worth $3,446,461 in the last three months. Corporate insiders own 1.50% of the company’s stock.

Motorola Solutions Price Performance

Shares of NYSE:MSI traded up $11.72 on Friday, reaching $410.30. 1,293,684 shares of the company were exchanged, compared to its average volume of 596,837. The company has a current ratio of 1.19, a quick ratio of 1.01 and a debt-to-equity ratio of 11.16. Motorola Solutions, Inc. has a 1-year low of $269.64 and a 1-year high of $410.67. The firm has a market cap of $68.44 billion, a price-to-earnings ratio of 50.72, a price-to-earnings-growth ratio of 3.48 and a beta of 0.94. The company has a 50-day moving average of $384.10 and a 200-day moving average of $355.79.

Motorola Solutions (NYSE:MSI) last released its quarterly earnings data on Thursday, May 2nd. The communications equipment provider reported $2.56 EPS for the quarter, topping the consensus estimate of $2.27 by $0.29. Motorola Solutions had a net margin of 14.04% and a return on equity of 378.15%. The business had revenue of $2.39 billion for the quarter, compared to analyst estimates of $2.34 billion. Equities analysts forecast that Motorola Solutions, Inc. will post 12.09 earnings per share for the current fiscal year.

Motorola Solutions Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 15th. Investors of record on Friday, June 14th were given a $0.98 dividend. The ex-dividend date of this dividend was Friday, June 14th. This represents a $3.92 annualized dividend and a dividend yield of 0.96%. Motorola Solutions’s dividend payout ratio is presently 48.45%.

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.