Victory Capital Management Inc. Decreases Stake in Motorola Solutions, Inc. (NYSE:MSI)

Victory Capital Management Inc. lessened its position in shares of Motorola Solutions, Inc. (NYSE:MSI) by 11.0% during the third quarter, Holdings Channel reports. The institutional investor owned 793,742 shares of the communications equipment provider’s stock after selling 97,786 shares during the quarter. Victory Capital Management Inc.’s holdings in Motorola Solutions were worth $356,890,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently made changes to their positions in the company. MFA Wealth Advisors LLC purchased a new stake in Motorola Solutions in the second quarter worth approximately $25,000. Beacon Capital Management LLC lifted its position in shares of 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 purchasing an additional 28 shares during the period. LRI Investments LLC boosted its position in Motorola Solutions by 871.4% during the 2nd quarter. LRI Investments LLC now owns 68 shares of the communications equipment provider’s stock valued at $26,000 after acquiring an additional 61 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. purchased a new stake in Motorola Solutions in the third quarter worth $31,000. Finally, Triad Wealth Partners LLC purchased a new stake in shares of Motorola Solutions in the 2nd quarter worth about $29,000. 84.17% of the stock is currently owned by hedge funds and other institutional investors.

Motorola Solutions Stock Performance

MSI stock traded down $2.45 during trading on Tuesday, reaching $494.51. The company had a trading volume of 118,414 shares, compared to its average volume of 666,965. The firm has a 50-day simple moving average of $455.77 and a 200-day simple moving average of $411.01. The company has a market cap of $82.50 billion, a price-to-earnings ratio of 54.43, a price-to-earnings-growth ratio of 4.24 and a beta of 0.97. Motorola Solutions, Inc. has a twelve month low of $307.09 and a twelve month high of $507.82. The company has a debt-to-equity ratio of 7.03, a quick ratio of 1.03 and a current ratio of 1.20.

Motorola Solutions (NYSE:MSI) last issued its earnings results on Thursday, November 7th. The communications equipment provider reported $3.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.10 by $0.36. Motorola Solutions had a return on equity of 310.04% and a net margin of 14.65%. The company had revenue of $2.79 billion during the quarter, compared to analyst estimates of $2.76 billion. As a group, sell-side analysts expect that Motorola Solutions, Inc. will post 12.26 earnings per share for the current year.

Motorola Solutions Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Friday, September 13th were paid a $0.98 dividend. The ex-dividend date of this dividend was Friday, September 13th. This represents a $3.92 dividend on an annualized basis and a dividend yield of 0.79%. Motorola Solutions’s payout ratio is 42.94%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on MSI shares. Bank of America raised their price target on Motorola Solutions from $440.00 to $520.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. Deutsche Bank Aktiengesellschaft boosted their price target on Motorola Solutions from $385.00 to $440.00 and gave the company a “buy” rating in a report on Tuesday, August 6th. JPMorgan Chase & Co. increased their price objective on shares of Motorola Solutions from $436.00 to $440.00 and gave the company an “overweight” rating in a report on Friday, August 2nd. Jefferies Financial Group lifted their price objective on shares of Motorola Solutions from $460.00 to $510.00 and gave the stock a “buy” rating in a research note on Tuesday, September 3rd. Finally, Raymond James boosted their price target on Motorola Solutions from $425.00 to $515.00 and gave the company an “outperform” rating in a report on Friday. Nine research analysts have rated the stock with a buy rating, Based on data from MarketBeat, Motorola Solutions presently has an average rating of “Buy” and an average target price of $493.43.

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.