Amalgamated Bank Lowers Holdings in Motorola Solutions, Inc. (NYSE:MSI)

Amalgamated Bank reduced its stake in shares of Motorola Solutions, Inc. (NYSE:MSI) by 6.1% in the 4th quarter, Holdings Channel reports. The fund owned 42,388 shares of the communications equipment provider’s stock after selling 2,749 shares during the period. Amalgamated Bank’s holdings in Motorola Solutions were worth $13,271,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently bought and sold shares of the stock. Los Angeles Capital Management LLC grew its stake in shares of Motorola Solutions by 9.1% during the 4th quarter. Los Angeles Capital Management LLC now owns 137,629 shares of the communications equipment provider’s stock worth $43,090,000 after purchasing an additional 11,455 shares during the period. West Family Investments Inc. boosted its holdings in Motorola Solutions by 1.8% during the fourth quarter. West Family Investments Inc. now owns 2,811 shares of the communications equipment provider’s stock worth $880,000 after buying an additional 49 shares in the last quarter. Fisher Asset Management LLC boosted its holdings in Motorola Solutions by 23.8% during the fourth quarter. Fisher Asset Management LLC now owns 1,197 shares of the communications equipment provider’s stock worth $375,000 after buying an additional 230 shares in the last quarter. First Trust Direct Indexing L.P. grew its position in Motorola Solutions by 26.0% during the fourth quarter. First Trust Direct Indexing L.P. now owns 3,697 shares of the communications equipment provider’s stock valued at $1,158,000 after buying an additional 764 shares during the period. Finally, Searle & CO. increased its holdings in Motorola Solutions by 2.9% in the fourth quarter. Searle & CO. now owns 2,540 shares of the communications equipment provider’s stock valued at $795,000 after buying an additional 71 shares in the last quarter. 84.17% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, SVP Cynthia Yazdi sold 4,744 shares of Motorola Solutions stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $334.30, for a total transaction of $1,585,919.20. Following the transaction, the senior vice president now owns 8,858 shares in the company, valued at $2,961,229.40. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 1.50% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently issued reports on MSI. Evercore ISI started coverage on shares of Motorola Solutions in a research note on Monday, March 25th. They set an “outperform” rating and a $400.00 target price on the stock. JPMorgan Chase & Co. raised their price objective on Motorola Solutions from $400.00 to $405.00 and gave the company an “overweight” rating in a report on Friday. StockNews.com upgraded Motorola Solutions from a “hold” rating to a “buy” rating in a research report on Monday, February 12th. Barclays increased their target price on Motorola Solutions from $362.00 to $372.00 and gave the company an “overweight” rating in a research report on Friday. Finally, William Blair reissued an “outperform” rating on shares of Motorola Solutions in a report on Friday, February 9th. One investment analyst has rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $351.50.

Motorola Solutions Price Performance

Shares of MSI traded up $17.42 during trading hours on Friday, hitting $353.66. 1,151,472 shares of the stock were exchanged, compared to its average volume of 661,346. The stock’s 50-day moving average price is $342.91 and its two-hundred day moving average price is $323.39. Motorola Solutions, Inc. has a 12-month low of $269.64 and a 12-month high of $356.17. The company has a debt-to-equity ratio of 6.37, a quick ratio of 0.85 and a current ratio of 1.00. The company has a market cap of $58.75 billion, a price-to-earnings ratio of 35.62, a price-to-earnings-growth ratio of 3.10 and a beta of 0.91.

Motorola Solutions (NYSE:MSI) last released its earnings results 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. The business had revenue of $2.85 billion during the quarter, compared to analyst estimates of $2.82 billion. Motorola Solutions had a net margin of 17.12% and a return on equity of 441.65%. The company’s revenue for the quarter was up 5.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $3.38 earnings per share. Research analysts expect that Motorola Solutions, Inc. will post 11.74 earnings per share for the current year.

Motorola Solutions Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Friday, March 15th were issued a dividend of $0.98 per share. This represents a $3.92 annualized dividend and a dividend yield of 1.11%. The ex-dividend date of this dividend was Thursday, March 14th. 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.