PFG Investments LLC Purchases Shares of 1,326 Motorola Solutions, Inc. (NYSE:MSI)

PFG Investments LLC bought a new stake in Motorola Solutions, Inc. (NYSE:MSI) during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 1,326 shares of the communications equipment provider’s stock, valued at approximately $471,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Raymond James & Associates boosted its stake in shares of Motorola Solutions by 3.8% in the 1st quarter. Raymond James & Associates now owns 2,237,587 shares of the communications equipment provider’s stock valued at $794,299,000 after purchasing an additional 81,990 shares in the last quarter. Accordant Advisory Group Inc acquired a new position in Motorola Solutions during the 1st quarter worth about $818,000. New Century Financial Group LLC lifted its position in Motorola Solutions by 9.6% during the 1st quarter. New Century Financial Group LLC now owns 991 shares of the communications equipment provider’s stock worth $352,000 after buying an additional 87 shares in the last quarter. First Trust Direct Indexing L.P. lifted its position in Motorola Solutions by 10.8% during the 1st quarter. First Trust Direct Indexing L.P. now owns 4,098 shares of the communications equipment provider’s stock worth $1,455,000 after buying an additional 401 shares in the last quarter. Finally, Norden Group LLC acquired a new position in Motorola Solutions during the 1st quarter worth about $216,000. Institutional investors and hedge funds own 84.17% of the company’s stock.

Insider Buying and Selling

In related news, SVP Cynthia Yazdi sold 4,744 shares of the 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 completion of the sale, the senior vice president now directly owns 8,858 shares of the company’s stock, valued at approximately $2,961,229.40. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 1.26% of the stock is owned by company insiders.

Motorola Solutions Trading Down 2.5 %

Shares of MSI stock traded down $8.54 on Tuesday, reaching $339.15. The company had a trading volume of 1,132,592 shares, compared to its average volume of 641,179. The company has a current ratio of 1.00, a quick ratio of 0.85 and a debt-to-equity ratio of 6.37. The stock has a market cap of $56.34 billion, a PE ratio of 34.15, a PEG ratio of 3.20 and a beta of 0.90. The company has a 50-day moving average of $342.59 and a 200-day moving average of $323.21. Motorola Solutions, Inc. has a 12 month low of $269.64 and a 12 month high of $355.39.

Motorola Solutions (NYSE:MSI) last announced its quarterly earnings results on Thursday, February 8th. The communications equipment provider reported $3.90 EPS for the quarter, beating analysts’ consensus estimates of $3.63 by $0.27. The company had revenue of $2.85 billion during the quarter, compared to analysts’ expectations of $2.82 billion. Motorola Solutions had a return on equity of 441.65% and a net margin of 17.12%. Motorola Solutions’s revenue was up 5.2% on a year-over-year basis. During the same period in the prior year, the business posted $3.38 EPS. On average, equities 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 announced a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Friday, March 15th were paid a dividend of $0.98 per share. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $3.92 dividend on an annualized basis and a yield of 1.16%. Motorola Solutions’s payout ratio is 39.48%.

Wall Street Analyst Weigh In

MSI has been the topic of several research reports. Evercore ISI initiated coverage on shares of Motorola Solutions in a research report on Monday, March 25th. They set an “outperform” rating and a $400.00 price target on the stock. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Motorola Solutions in a research report on Friday, January 19th. They set a “buy” rating and a $350.00 price target on the stock. JPMorgan Chase & Co. upped their price target on shares of Motorola Solutions from $360.00 to $400.00 and gave the stock an “overweight” rating in a research report on Thursday, April 11th. StockNews.com upgraded shares of Motorola Solutions from a “hold” rating to a “buy” rating in a research report on Monday, February 12th. Finally, Barclays upped their target price on shares of Motorola Solutions from $333.00 to $352.00 and gave the company an “overweight” rating in a research report on Tuesday, January 2nd. One analyst has rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $348.38.

About Motorola Solutions

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.