Norris Perne & French LLP MI Has $19.39 Million Stake in Motorola Solutions, Inc. (NYSE:MSI)

Norris Perne & French LLP MI boosted its holdings in shares of Motorola Solutions, Inc. (NYSE:MSI) by 0.2% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 54,616 shares of the communications equipment provider’s stock after buying an additional 108 shares during the period. Motorola Solutions comprises about 1.4% of Norris Perne & French LLP MI’s portfolio, making the stock its 27th biggest holding. Norris Perne & French LLP MI’s holdings in Motorola Solutions were worth $19,388,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Qube Research & Technologies Ltd boosted its holdings in Motorola Solutions by 61.1% during the third quarter. Qube Research & Technologies Ltd now owns 333,697 shares of the communications equipment provider’s stock valued at $90,846,000 after acquiring an additional 126,517 shares during the period. DekaBank Deutsche Girozentrale boosted its holdings in Motorola Solutions by 2.2% during the fourth quarter. DekaBank Deutsche Girozentrale now owns 839,123 shares of the communications equipment provider’s stock valued at $260,204,000 after acquiring an additional 17,807 shares during the period. Corient Private Wealth LLC boosted its holdings in Motorola Solutions by 15.6% during the fourth quarter. Corient Private Wealth LLC now owns 24,237 shares of the communications equipment provider’s stock valued at $7,589,000 after acquiring an additional 3,278 shares during the period. Cambridge Investment Research Advisors Inc. boosted its holdings in Motorola Solutions by 29.8% during the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 20,036 shares of the communications equipment provider’s stock valued at $6,273,000 after acquiring an additional 4,594 shares during the period. Finally, Capital International Sarl boosted its holdings in Motorola Solutions by 13.8% during the fourth quarter. Capital International Sarl now owns 57,227 shares of the communications equipment provider’s stock valued at $17,917,000 after acquiring an additional 6,918 shares during the period. 84.17% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have issued reports on MSI. JPMorgan Chase & Co. upped their price target on shares of Motorola Solutions from $400.00 to $405.00 and gave the company an “overweight” rating in a report on Friday, May 3rd. Evercore ISI began coverage on shares of Motorola Solutions in a research note on Monday, March 25th. They issued an “outperform” rating and a $400.00 target price for the company. Deutsche Bank Aktiengesellschaft increased their target price on shares of Motorola Solutions from $375.00 to $385.00 and gave the company a “buy” rating in a research note on Monday, June 3rd. Finally, Barclays increased their target price on shares of Motorola Solutions from $362.00 to $372.00 and gave the company an “overweight” rating in a research note on Friday, May 3rd. One research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, Motorola Solutions currently has a consensus rating of “Moderate Buy” and an average target price of $358.86.

Motorola Solutions Price Performance

MSI traded down $0.35 during midday trading on Friday, reaching $386.05. 1,737,726 shares of the company’s stock were exchanged, compared to its average volume of 644,296. The firm has a market capitalization of $64.39 billion, a price-to-earnings ratio of 47.72, a price-to-earnings-growth ratio of 3.38 and a beta of 0.96. The company has a quick ratio of 1.01, a current ratio of 1.19 and a debt-to-equity ratio of 11.16. Motorola Solutions, Inc. has a one year low of $269.64 and a one year high of $391.65. The business has a 50-day simple moving average of $365.62 and a two-hundred day simple moving average of $342.08.

Motorola Solutions (NYSE:MSI) last announced its quarterly earnings results on Thursday, May 2nd. The communications equipment provider reported $2.56 EPS for the quarter, topping analysts’ consensus estimates of $2.27 by $0.29. The firm had revenue of $2.39 billion during the quarter, compared to analysts’ expectations of $2.34 billion. Motorola Solutions had a net margin of 13.64% and a return on equity of 398.16%. As a group, research analysts predict that Motorola Solutions, Inc. will post 12.07 EPS for the current year.

Motorola Solutions Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Friday, June 14th will be paid a dividend of $0.98 per share. This represents a $3.92 dividend on an annualized basis and a yield of 1.02%. The ex-dividend date of this dividend is Friday, June 14th. Motorola Solutions’s dividend payout ratio is 48.45%.

Insiders Place Their Bets

In other news, CAO Katherine A. Maher sold 2,615 shares of the firm’s stock in a transaction that occurred on Tuesday, May 7th. The shares were sold at an average price of $354.68, for a total transaction of $927,488.20. Following the completion of the sale, the chief accounting officer now owns 1,138 shares of the company’s stock, valued at $403,625.84. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In other news, CAO Katherine A. Maher sold 2,615 shares of the firm’s stock in a transaction that occurred on Tuesday, May 7th. The shares were sold at an average price of $354.68, for a total transaction of $927,488.20. Following the completion of the sale, the chief accounting officer now owns 1,138 shares of the company’s stock, valued at $403,625.84. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, 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 transaction of $1,971,473.94. Following the sale, the senior vice president now directly owns 8,939 shares of the company’s stock, valued at approximately $3,341,487.59. The disclosure for this sale can be found here. Insiders sold a total of 9,389 shares of company stock worth $3,446,461 over the last quarter. Company insiders own 1.50% of the company’s stock.

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.