Mackenzie Financial Corp Decreases Stock Holdings in Motorola Solutions, Inc. (NYSE:MSI)

Mackenzie Financial Corp cut its stake in shares of Motorola Solutions, Inc. (NYSE:MSI) by 8.8% in the second quarter, Holdings Channel.com reports. The institutional investor owned 942,967 shares of the communications equipment provider’s stock after selling 91,014 shares during the quarter. Mackenzie Financial Corp’s holdings in Motorola Solutions were worth $364,032,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Beacon Capital Management LLC boosted its position in Motorola Solutions by 71.8% in the second quarter. Beacon Capital Management LLC now owns 67 shares of the communications equipment provider’s stock worth $26,000 after purchasing an additional 28 shares during the last quarter. Range Financial Group LLC raised its position in Motorola Solutions by 2.0% in the second quarter. Range Financial Group LLC now owns 1,424 shares of the communications equipment provider’s stock worth $550,000 after acquiring an additional 28 shares during the period. Pinnacle Associates Ltd. boosted its stake in shares of Motorola Solutions by 2.5% during the 1st quarter. Pinnacle Associates Ltd. now owns 1,228 shares of the communications equipment provider’s stock worth $436,000 after acquiring an additional 30 shares during the last quarter. Rehmann Capital Advisory Group grew its position in shares of Motorola Solutions by 1.0% during the 1st quarter. Rehmann Capital Advisory Group now owns 2,910 shares of the communications equipment provider’s stock valued at $1,033,000 after acquiring an additional 30 shares during the period. Finally, Forum Financial Management LP grew its position in shares of Motorola Solutions by 2.3% during the 2nd quarter. Forum Financial Management LP now owns 1,350 shares of the communications equipment provider’s stock valued at $521,000 after acquiring an additional 30 shares during the period. 84.17% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Motorola Solutions news, COO John P. Molloy sold 23,985 shares of the stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $407.50, for a total transaction of $9,773,887.50. Following the completion of the transaction, the chief operating officer now owns 46,821 shares in the company, valued at $19,079,557.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.50% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of brokerages recently commented on MSI. Deutsche Bank Aktiengesellschaft raised their target price on Motorola Solutions from $385.00 to $440.00 and gave the stock a “buy” rating in a report on Tuesday, August 6th. Bank of America raised their price objective on Motorola Solutions from $370.00 to $440.00 and gave the stock a “buy” rating in a research note on Thursday, July 18th. Barclays boosted their price objective on Motorola Solutions from $372.00 to $467.00 and gave the company an “overweight” rating in a research note on Friday, August 2nd. Jefferies Financial Group raised their target price on shares of Motorola Solutions from $460.00 to $510.00 and gave the stock a “buy” rating in a research note on Tuesday, September 3rd. Finally, Evercore ISI upped their price target on shares of Motorola Solutions from $450.00 to $500.00 and gave the stock an “outperform” rating in a research report on Friday, August 30th. Eight research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $466.17.

Motorola Solutions Price Performance

Shares of NYSE:MSI opened at $448.35 on Friday. The company has a debt-to-equity ratio of 7.03, a quick ratio of 1.03 and a current ratio of 1.20. The firm has a market cap of $74.78 billion, a price-to-earnings ratio of 55.42, a P/E/G ratio of 3.90 and a beta of 0.97. The firm has a fifty day moving average price of $422.01 and a 200 day moving average price of $383.53. Motorola Solutions, Inc. has a fifty-two week low of $269.64 and a fifty-two week high of $452.00.

Motorola Solutions (NYSE:MSI) last issued its quarterly earnings data on Thursday, August 1st. The communications equipment provider reported $3.24 earnings per share for the quarter, beating analysts’ consensus estimates of $3.01 by $0.23. Motorola Solutions had a return on equity of 337.36% and a net margin of 14.04%. The firm had revenue of $2.63 billion during the quarter, compared to analyst estimates of $2.59 billion. During the same quarter last year, the business posted $2.41 earnings per share. The business’s quarterly revenue was up 9.4% compared to the same quarter last year. As a group, sell-side analysts expect that Motorola Solutions, Inc. will post 12.22 earnings per share for the current fiscal year.

Motorola Solutions Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Friday, September 13th will be issued a $0.98 dividend. This represents a $3.92 dividend on an annualized basis and a dividend yield of 0.87%. The ex-dividend date is Friday, September 13th. Motorola Solutions’s dividend payout ratio (DPR) is presently 48.45%.

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.