Procyon Advisors LLC Lowers Stake in Motorola Solutions, Inc. $MSI

Procyon Advisors LLC cut its stake in Motorola Solutions, Inc. (NYSE:MSI) by 75.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,002 shares of the communications equipment provider’s stock after selling 3,150 shares during the period. Procyon Advisors LLC’s holdings in Motorola Solutions were worth $384,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Revolve Wealth Partners LLC bought a new position in Motorola Solutions in the 4th quarter worth about $208,000. Sivia Capital Partners LLC purchased a new position in shares of Motorola Solutions during the second quarter worth approximately $210,000. MAI Capital Management raised its stake in shares of Motorola Solutions by 7.8% during the second quarter. MAI Capital Management now owns 1,961 shares of the communications equipment provider’s stock valued at $825,000 after acquiring an additional 142 shares in the last quarter. American Century Companies Inc. boosted its holdings in shares of Motorola Solutions by 2.8% in the second quarter. American Century Companies Inc. now owns 318,831 shares of the communications equipment provider’s stock valued at $134,056,000 after purchasing an additional 8,736 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of Motorola Solutions by 0.8% in the second quarter. Charles Schwab Investment Management Inc. now owns 967,548 shares of the communications equipment provider’s stock valued at $406,815,000 after purchasing an additional 7,662 shares during the period. Institutional investors own 84.17% of the company’s stock.

Insider Buying and Selling at Motorola Solutions

In other Motorola Solutions news, CEO Gregory Q. Brown sold 28,435 shares of Motorola Solutions stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $477.95, for a total value of $13,590,508.25. Following the transaction, the chief executive officer directly owned 90,721 shares of the company’s stock, valued at approximately $43,360,101.95. The trade was a 23.86% 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. Also, CEO Cynthia Yazdi sold 7,000 shares of the company’s stock in a transaction on Thursday, February 26th. The stock was sold at an average price of $471.01, for a total value of $3,297,070.00. Following the transaction, the chief executive officer directly owned 9,529 shares in the company, valued at approximately $4,488,254.29. The trade was a 42.35% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 129,069 shares of company stock worth $60,779,964 over the last three months. Corporate insiders own 1.44% of the company’s stock.

Motorola Solutions Trading Down 0.6%

MSI opened at $454.04 on Wednesday. The company has a current ratio of 1.04, a quick ratio of 0.87 and a debt-to-equity ratio of 3.47. The firm has a market cap of $75.22 billion, a price-to-earnings ratio of 35.58, a PEG ratio of 3.19 and a beta of 0.96. Motorola Solutions, Inc. has a 12 month low of $359.36 and a 12 month high of $492.22. The stock has a fifty day moving average price of $440.18 and a 200-day moving average price of $422.10.

Motorola Solutions (NYSE:MSI) last issued its quarterly earnings data on Wednesday, February 11th. The communications equipment provider reported $4.59 earnings per share for the quarter, beating analysts’ consensus estimates of $4.35 by $0.24. Motorola Solutions had a return on equity of 110.75% and a net margin of 18.44%.The company had revenue of $3.38 billion for the quarter, compared to the consensus estimate of $3.34 billion. During the same quarter last year, the company earned $4.04 earnings per share. The firm’s revenue for the quarter was up 12.3% compared to the same quarter last year. As a group, equities research analysts anticipate that Motorola Solutions, Inc. will post 13.55 earnings per share for the current fiscal year.

Motorola Solutions Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Friday, March 20th will be given a dividend of $1.21 per share. The ex-dividend date of this dividend is Friday, March 20th. This represents a $4.84 dividend on an annualized basis and a yield of 1.1%. Motorola Solutions’s dividend payout ratio is presently 37.93%.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. Northcoast Research upgraded Motorola Solutions from a “neutral” rating to a “buy” rating and set a $450.00 target price for the company in a report on Monday, December 1st. Argus upgraded Motorola Solutions to a “strong-buy” rating in a research note on Friday, February 13th. Weiss Ratings upgraded Motorola Solutions from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, March 2nd. Morgan Stanley reiterated an “overweight” rating and set a $470.00 target price on shares of Motorola Solutions in a report on Thursday, February 12th. Finally, Barclays raised their target price on shares of Motorola Solutions from $495.00 to $506.00 and gave the company an “overweight” rating in a research report on Thursday, February 12th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $497.14.

Motorola Solutions Company Profile

Motorola Solutions, Inc is a provider of mission-critical communications and analytics solutions for public safety and commercial customers. The company designs, manufactures and supports a range of communications equipment and software aimed at enabling first responders, government agencies and enterprises to coordinate and operate reliably in high-pressure environments. Its offerings emphasize secure, resilient connectivity and situational awareness for organizations that require dependable voice, data and video communications.

Product lines include land mobile radio (LMR) systems and handheld and vehicle-mounted radios used by police, fire and emergency medical services; broadband push-to-talk and LTE-based solutions; command-and-control center software for incident management and records; and video security and analytics systems.