Wealth Alliance Sells 69 Shares of Motorola Solutions, Inc. (NYSE:MSI)

Wealth Alliance decreased its stake in Motorola Solutions, Inc. (NYSE:MSI) by 1.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,605 shares of the communications equipment provider’s stock after selling 69 shares during the period. Wealth Alliance’s holdings in Motorola Solutions were worth $1,442,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the stock. Cornerstone Planning Group LLC bought a new position in Motorola Solutions during the 2nd quarter worth approximately $33,000. Strategic Investment Solutions Inc. IL bought a new position in Motorola Solutions during the first quarter worth $35,000. Eagle Bay Advisors LLC bought a new position in Motorola Solutions during the second quarter worth $35,000. Turtle Creek Wealth Advisors LLC acquired a new position in Motorola Solutions in the fourth quarter valued at $36,000. Finally, Bruce G. Allen Investments LLC bought a new stake in Motorola Solutions during the fourth quarter valued at $38,000. 84.17% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on MSI. StockNews.com raised Motorola Solutions from a “hold” rating to a “buy” rating in a research note on Monday, February 12th. William Blair reiterated an “outperform” rating on shares of Motorola Solutions in a report on Friday, February 9th. JPMorgan Chase & Co. raised their target price on Motorola Solutions from $360.00 to $400.00 and gave the company an “overweight” rating in a research note on Thursday, April 11th. Barclays upped their price target on Motorola Solutions from $333.00 to $352.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 2nd. Finally, Evercore ISI started coverage on Motorola Solutions in a research note on Monday, March 25th. They issued an “outperform” rating and a $400.00 price objective for the company. One analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $348.38.

Insider Activity

In other news, SVP Cynthia Yazdi sold 4,744 shares of the firm’s stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $334.30, for a total transaction of $1,585,919.20. Following the completion of the sale, the senior vice president now owns 8,858 shares in the company, valued at approximately $2,961,229.40. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 1.26% of the company’s stock.

Motorola Solutions Stock Up 0.7 %

Shares of NYSE:MSI traded up $2.28 during mid-day trading on Tuesday, hitting $340.86. 254,319 shares of the company traded hands, compared to its average volume of 614,516. The stock has a 50-day moving average price of $338.23 and a two-hundred day moving average price of $318.27. Motorola Solutions, Inc. has a 12-month low of $269.64 and a 12-month high of $355.39. The stock has a market cap of $56.62 billion, a P/E ratio of 34.30, a P/E/G ratio of 3.17 and a beta of 0.90. The company has a current ratio of 1.00, a quick ratio of 0.85 and a debt-to-equity ratio of 6.37.

Motorola Solutions (NYSE:MSI) last posted its quarterly earnings data on Thursday, February 8th. The communications equipment provider reported $3.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.63 by $0.27. Motorola Solutions had a net margin of 17.12% and a return on equity of 441.65%. The firm had revenue of $2.85 billion for the quarter, compared to the consensus estimate of $2.82 billion. The business’s revenue for the quarter was up 5.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $3.38 EPS. On average, equities research analysts forecast that Motorola Solutions, Inc. will post 11.74 earnings per share for the current year.

Motorola Solutions Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Friday, March 15th were given a $0.98 dividend. The ex-dividend date was Thursday, March 14th. This represents a $3.92 annualized dividend and a yield of 1.15%. Motorola Solutions’s dividend payout ratio is currently 39.48%.

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.