Greenwood Capital Associates LLC Invests $1.99 Million in Motorola Solutions, Inc. (NYSE:MSI)

Greenwood Capital Associates LLC purchased a new position in shares of Motorola Solutions, Inc. (NYSE:MSI) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 4,537 shares of the communications equipment provider’s stock, valued at approximately $1,986,000.

Other hedge funds have also made changes to their positions in the company. First Command Advisory Services Inc. acquired a new stake in shares of Motorola Solutions during the fourth quarter worth about $29,000. SBI Securities Co. Ltd. acquired a new stake in shares of Motorola Solutions during the fourth quarter worth about $30,000. Meeder Asset Management Inc. acquired a new stake in shares of Motorola Solutions during the fourth quarter worth about $32,000. Fourth Dimension Wealth LLC acquired a new stake in shares of Motorola Solutions during the fourth quarter worth about $34,000. Finally, Sierra Ocean LLC acquired a new stake in shares of Motorola Solutions during the fourth quarter worth about $35,000. Institutional investors and hedge funds own 84.17% of the company’s stock.

Analyst Upgrades and Downgrades

MSI has been the topic of several research reports. William Blair reissued an “outperform” rating on shares of Motorola Solutions in a research report on Wednesday, May 28th. Barclays reduced their target price on shares of Motorola Solutions from $527.00 to $511.00 and set an “overweight” rating on the stock in a report on Monday, May 5th. Wall Street Zen cut shares of Motorola Solutions from a “buy” rating to a “hold” rating in a report on Thursday, May 22nd. Morgan Stanley raised their target price on shares of Motorola Solutions from $495.00 to $505.00 and gave the company an “equal weight” rating in a report on Friday, February 14th. Finally, JPMorgan Chase & Co. reduced their target price on shares of Motorola Solutions from $570.00 to $515.00 and set an “overweight” rating on the stock in a report on Thursday, April 17th. Two equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $513.25.

Insiders Place Their Bets

In other Motorola Solutions news, CAO Katherine A. Maher sold 1,073 shares of the firm’s stock in a transaction that occurred on Thursday, May 29th. The shares were sold at an average price of $418.68, for a total transaction of $449,243.64. Following the sale, the chief accounting officer now owns 804 shares of the company’s stock, valued at approximately $336,618.72. This trade represents a 57.17% 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 this link. 1.44% of the stock is owned by corporate insiders.

Motorola Solutions Stock Down 0.9%

MSI stock opened at $408.54 on Thursday. The company has a current ratio of 1.28, a quick ratio of 1.13 and a debt-to-equity ratio of 3.30. Motorola Solutions, Inc. has a twelve month low of $370.00 and a twelve month high of $507.82. The company’s 50 day moving average is $418.49 and its two-hundred day moving average is $442.54. The stock has a market cap of $68.19 billion, a P/E ratio of 44.31, a PEG ratio of 3.82 and a beta of 0.96.

Motorola Solutions (NYSE:MSI) last released its quarterly earnings data on Thursday, May 1st. The communications equipment provider reported $3.18 earnings per share for the quarter, topping analysts’ consensus estimates of $3.01 by $0.17. Motorola Solutions had a net margin of 14.58% and a return on equity of 197.59%. The company had revenue of $2.53 billion for the quarter, compared to analysts’ expectations of $2.52 billion. During the same quarter last year, the company earned $2.81 earnings per share. The firm’s revenue for the quarter was up 5.8% on a year-over-year basis. Research analysts expect that Motorola Solutions, Inc. will post 13.55 earnings per share for the current fiscal year.

Motorola Solutions Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Friday, June 13th will be issued a dividend of $1.09 per share. The ex-dividend date is Friday, June 13th. This represents a $4.36 dividend on an annualized basis and a yield of 1.07%. Motorola Solutions’s payout ratio is currently 36.39%.

Motorola Solutions Company 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.