Park Place Capital Corp Has $62,000 Holdings in Motorola Solutions, Inc. (NYSE:MSI)

Park Place Capital Corp boosted its holdings in shares of Motorola Solutions, Inc. (NYSE:MSI) by 647.4% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 142 shares of the communications equipment provider’s stock after buying an additional 123 shares during the quarter. Park Place Capital Corp’s holdings in Motorola Solutions were worth $62,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of MSI. Perennial Investment Advisors LLC increased its position in Motorola Solutions by 14.4% during the fourth quarter. Perennial Investment Advisors LLC now owns 828 shares of the communications equipment provider’s stock worth $383,000 after buying an additional 104 shares during the last quarter. Revolve Wealth Partners LLC acquired a new position in Motorola Solutions during the fourth quarter worth approximately $208,000. Whipplewood Advisors LLC acquired a new position in Motorola Solutions during the fourth quarter worth approximately $56,000. New York Life Investment Management LLC increased its position in Motorola Solutions by 0.4% during the fourth quarter. New York Life Investment Management LLC now owns 24,768 shares of the communications equipment provider’s stock worth $11,449,000 after buying an additional 93 shares during the last quarter. Finally, Oppenheimer & Co. Inc. increased its position in Motorola Solutions by 6.9% during the fourth quarter. Oppenheimer & Co. Inc. now owns 2,544 shares of the communications equipment provider’s stock worth $1,176,000 after buying an additional 165 shares during the last quarter. Institutional investors and hedge funds own 84.17% of the company’s stock.

Motorola Solutions Trading Up 0.7%

Shares of MSI stock opened at $418.12 on Friday. The company has a current ratio of 1.20, a quick ratio of 1.03 and a debt-to-equity ratio of 3.42. The stock has a market cap of $69.79 billion, a P/E ratio of 34.90, a price-to-earnings-growth ratio of 3.57 and a beta of 0.96. The stock has a 50 day simple moving average of $417.48 and a 200 day simple moving average of $435.72. Motorola Solutions, Inc. has a 1 year low of $384.51 and a 1 year high of $507.82.

Motorola Solutions (NYSE:MSI) last issued its quarterly earnings results on Thursday, May 1st. The communications equipment provider reported $3.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.01 by $0.17. The business had revenue of $2.53 billion during the quarter, compared to analysts’ expectations of $2.52 billion. Motorola Solutions had a return on equity of 160.93% and a net margin of 18.67%. The firm’s revenue for the quarter was up 5.8% compared to the same quarter last year. During the same period in the previous year, the company posted $2.81 earnings per share. On average, research analysts predict that Motorola Solutions, Inc. will post 13.55 earnings per share for the current fiscal year.

Motorola Solutions Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Friday, June 13th will be paid a $1.09 dividend. This represents a $4.36 annualized dividend and a dividend yield of 1.04%. The ex-dividend date is Friday, June 13th. Motorola Solutions’s dividend payout ratio (DPR) is currently 36.39%.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on MSI. JPMorgan Chase & Co. lowered their price target on Motorola Solutions from $570.00 to $515.00 and set an “overweight” rating on the stock in a research report on Thursday, April 17th. William Blair reaffirmed an “outperform” rating on shares of Motorola Solutions in a research report on Wednesday, May 28th. Wall Street Zen downgraded Motorola Solutions from a “buy” rating to a “hold” rating in a research report on Thursday, May 22nd. Finally, Barclays decreased their target price on Motorola Solutions from $527.00 to $511.00 and set an “overweight” rating on the stock in a research report on Monday, May 5th. Two equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $513.25.

Insider Activity at Motorola Solutions

In related news, CAO Katherine A. Maher sold 1,073 shares of the business’s stock in a transaction that occurred on Thursday, May 29th. The stock was sold at an average price of $418.68, for a total value of $449,243.64. Following the completion of the sale, the chief accounting officer now directly owns 804 shares in the company, valued at approximately $336,618.72. The trade was a 57.17% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. 1.44% of the stock is currently owned by corporate insiders.

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.