Pinnacle Financial Partners Inc Acquires 54 Shares of Motorola Solutions, Inc. (NYSE:MSI)

Pinnacle Financial Partners Inc boosted its holdings in Motorola Solutions, Inc. (NYSE:MSI) by 5.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,050 shares of the communications equipment provider’s stock after buying an additional 54 shares during the period. Pinnacle Financial Partners Inc’s holdings in Motorola Solutions were worth $464,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Raymond James Financial Inc. bought a new stake in Motorola Solutions in the 4th quarter valued at $1,528,949,000. Norges Bank acquired a new position in shares of Motorola Solutions during the fourth quarter valued at about $1,073,645,000. GAMMA Investing LLC lifted its stake in shares of Motorola Solutions by 43,787.3% in the first quarter. GAMMA Investing LLC now owns 1,084,455 shares of the communications equipment provider’s stock valued at $474,785,000 after buying an additional 1,081,984 shares during the period. Arrowstreet Capital Limited Partnership grew its position in Motorola Solutions by 330.1% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 631,551 shares of the communications equipment provider’s stock worth $291,922,000 after buying an additional 484,727 shares in the last quarter. Finally, Geode Capital Management LLC increased its stake in Motorola Solutions by 12.1% during the fourth quarter. Geode Capital Management LLC now owns 4,187,217 shares of the communications equipment provider’s stock valued at $1,933,360,000 after acquiring an additional 451,172 shares during the period. 84.17% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Motorola Solutions Trading Up 0.5%

Shares of NYSE MSI opened at $424.55 on Friday. Motorola Solutions, Inc. has a twelve month low of $384.51 and a twelve month high of $507.82. The stock has a market cap of $70.87 billion, a price-to-earnings ratio of 35.44, a P/E/G ratio of 3.63 and a beta of 0.95. The company has a quick ratio of 1.03, a current ratio of 1.20 and a debt-to-equity ratio of 3.42. The company’s fifty day moving average is $417.60 and its 200-day moving average is $434.38.

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

Motorola Solutions Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Friday, June 13th will be paid a $1.09 dividend. This represents a $4.36 dividend on an annualized basis and a yield of 1.03%. The ex-dividend date is Friday, June 13th. Motorola Solutions’s payout ratio is currently 36.39%.

Insider Buying and Selling at Motorola Solutions

In related news, CAO Katherine A. Maher sold 1,073 shares of the firm’s stock in a transaction 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 directly owned 804 shares in the company, valued at $336,618.72. This trade represents a 57.17% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 1.44% of the stock is owned by company insiders.

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.