Massachusetts Financial Services Co. MA Lowers Holdings in Motorola Solutions, Inc. (NYSE:MSI)

Massachusetts Financial Services Co. MA decreased its position in Motorola Solutions, Inc. (NYSE:MSI) by 0.0% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 722,403 shares of the communications equipment provider’s stock after selling 268 shares during the quarter. Massachusetts Financial Services Co. MA owned 0.43% of Motorola Solutions worth $278,884,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in MSI. MFA Wealth Advisors LLC bought a new stake in Motorola Solutions in the 2nd quarter worth approximately $25,000. Beacon Capital Management LLC increased its stake in Motorola Solutions by 71.8% in the 2nd quarter. Beacon Capital Management LLC now owns 67 shares of the communications equipment provider’s stock worth $26,000 after acquiring an additional 28 shares during the last quarter. LRI Investments LLC increased its stake in Motorola Solutions by 871.4% in the 2nd quarter. LRI Investments LLC now owns 68 shares of the communications equipment provider’s stock worth $26,000 after acquiring an additional 61 shares during the last quarter. Crewe Advisors LLC bought a new stake in Motorola Solutions in the 1st quarter worth approximately $28,000. Finally, Rise Advisors LLC bought a new stake in Motorola Solutions in the 1st quarter worth approximately $29,000. Institutional investors own 84.17% of the company’s stock.

Insider Transactions at Motorola Solutions

In other news, COO John P. Molloy sold 23,985 shares of the stock in a transaction 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 transaction, the chief operating officer now owns 46,821 shares of the company’s stock, valued at approximately $19,079,557.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 1.50% of the company’s stock.

Motorola Solutions Price Performance

MSI opened at $443.24 on Tuesday. The business has a fifty day moving average of $414.82 and a 200 day moving average of $378.52. Motorola Solutions, Inc. has a 52-week low of $269.64 and a 52-week high of $448.98. The company has a quick ratio of 1.03, a current ratio of 1.20 and a debt-to-equity ratio of 7.03. The stock has a market cap of $73.93 billion, a P/E ratio of 54.79, a PEG ratio of 3.80 and a beta of 0.97.

Motorola Solutions (NYSE:MSI) last posted its quarterly earnings data on Thursday, August 1st. The communications equipment provider reported $3.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.01 by $0.23. Motorola Solutions had a return on equity of 337.36% and a net margin of 14.04%. The company had revenue of $2.63 billion during the quarter, compared to analysts’ expectations of $2.59 billion. During the same quarter in the previous year, the business earned $2.41 EPS. Motorola Solutions’s revenue was up 9.4% compared to the same quarter last year. As a group, sell-side analysts anticipate that Motorola Solutions, Inc. will post 12.22 EPS for the current year.

Motorola Solutions Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Friday, September 13th will be given a dividend of $0.98 per share. This represents a $3.92 dividend on an annualized basis and a dividend yield of 0.88%. The ex-dividend date is Friday, September 13th. Motorola Solutions’s payout ratio is 48.45%.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. Bank of America lifted their price objective on Motorola Solutions from $370.00 to $440.00 and gave the stock a “buy” rating in a research note on Thursday, July 18th. Evercore ISI boosted their target price on Motorola Solutions from $450.00 to $500.00 and gave the company an “outperform” rating in a research report on Friday, August 30th. JPMorgan Chase & Co. boosted their target price on Motorola Solutions from $436.00 to $440.00 and gave the company an “overweight” rating in a research report on Friday, August 2nd. Barclays boosted their target price on Motorola Solutions from $372.00 to $467.00 and gave the company an “overweight” rating in a research report on Friday, August 2nd. Finally, Jefferies Financial Group boosted their target price on Motorola Solutions from $460.00 to $510.00 and gave the company a “buy” rating in a research report on Tuesday, September 3rd. Eight analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $466.17.

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.