Acadian Asset Management LLC Sells 11,962 Shares of Motorola Solutions, Inc. (NYSE:MSI)

Acadian Asset Management LLC lessened its holdings in Motorola Solutions, Inc. (NYSE:MSI) by 3.7% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 310,859 shares of the communications equipment provider’s stock after selling 11,962 shares during the quarter. Acadian Asset Management LLC owned approximately 0.19% of Motorola Solutions worth $110,332,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently bought and sold shares of MSI. Rise Advisors LLC bought a new position in shares of Motorola Solutions during the 1st quarter worth $29,000. Hexagon Capital Partners LLC lifted its stake in shares of Motorola Solutions by 78.7% during the 1st quarter. Hexagon Capital Partners LLC now owns 84 shares of the communications equipment provider’s stock worth $30,000 after purchasing an additional 37 shares during the last quarter. North Star Investment Management Corp. lifted its stake in shares of Motorola Solutions by 206.9% during the 1st quarter. North Star Investment Management Corp. now owns 89 shares of the communications equipment provider’s stock worth $32,000 after purchasing an additional 60 shares during the last quarter. Private Wealth Management Group LLC purchased a new stake in shares of Motorola Solutions during the 4th quarter worth $29,000. Finally, Motco lifted its stake in shares of Motorola Solutions by 137.5% during the 4th quarter. Motco now owns 95 shares of the communications equipment provider’s stock worth $30,000 after purchasing an additional 55 shares during the last quarter. Institutional investors own 84.17% of the company’s stock.

Insider Activity

In other news, SVP Rajan Naik sold 5,274 shares of the firm’s stock in a transaction that occurred on Thursday, June 13th. The stock was 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 owns 8,939 shares in the company, valued at $3,341,487.59. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, Director Kenneth D. Denman sold 690 shares of Motorola Solutions stock in a transaction that occurred on Friday, June 7th. The stock was sold at an average price of $373.11, for a total transaction of $257,445.90. Following the transaction, the director now owns 8,141 shares in the company, valued at $3,037,488.51. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, SVP Rajan Naik sold 5,274 shares of Motorola Solutions stock in a transaction that occurred on Thursday, June 13th. The stock was 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 owns 8,939 shares in the company, valued at approximately $3,341,487.59. The disclosure for this sale can be found here. Insiders have sold a total of 9,389 shares of company stock worth $3,446,461 over the last quarter. 1.50% of the stock is currently owned by corporate insiders.

Motorola Solutions Price Performance

MSI traded down $4.27 during trading on Friday, hitting $390.19. The company’s stock had a trading volume of 809,346 shares, compared to its average volume of 628,142. 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 twelve month low of $269.64 and a twelve month high of $398.88. The business’s fifty day simple moving average is $377.98 and its 200 day simple moving average is $350.57. The firm has a market capitalization of $65.08 billion, a price-to-earnings ratio of 48.23, a P/E/G ratio of 3.41 and a beta of 0.94.

Motorola Solutions (NYSE:MSI) last issued its quarterly earnings data on Thursday, May 2nd. The communications equipment provider reported $2.56 EPS for the quarter, beating the consensus estimate of $2.27 by $0.29. Motorola Solutions had a return on equity of 398.16% and a net margin of 13.64%. The company had revenue of $2.39 billion for the quarter, compared to analyst estimates of $2.34 billion. On average, equities research analysts forecast that Motorola Solutions, Inc. will post 12.07 EPS for the current fiscal year.

Motorola Solutions Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, July 15th. Stockholders 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 1.00%. Motorola Solutions’s dividend payout ratio (DPR) is presently 48.45%.

Analysts Set New Price Targets

A number of equities research analysts have commented on MSI shares. Deutsche Bank Aktiengesellschaft increased their price target on Motorola Solutions from $375.00 to $385.00 and gave the company a “buy” rating in a research note on Monday, June 3rd. Evercore ISI started coverage on Motorola Solutions in a research note on Monday, March 25th. They issued an “outperform” rating and a $400.00 price target for the company. Barclays increased their price target on Motorola Solutions from $362.00 to $372.00 and gave the company an “overweight” rating in a research note on Friday, May 3rd. Bank of America increased their price target on Motorola Solutions from $370.00 to $440.00 and gave the company a “buy” rating in a research note on Thursday. Finally, JPMorgan Chase & Co. increased their price target on Motorola Solutions from $400.00 to $405.00 and gave the company an “overweight” rating in a research note on Friday, May 3rd. One investment analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $374.57.

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.