Motorola Solutions, Inc. (NYSE:MSI) Shares Sold by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank trimmed its stake in shares of Motorola Solutions, Inc. (NYSE:MSI) by 7.7% in the fourth quarter, Holdings Channel reports. The fund owned 30,447 shares of the communications equipment provider’s stock after selling 2,537 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Motorola Solutions were worth $9,533,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the stock. OmniStar Financial Group Inc. lifted its holdings in shares of Motorola Solutions by 1.7% in the 4th quarter. OmniStar Financial Group Inc. now owns 2,032 shares of the communications equipment provider’s stock valued at $636,000 after buying an additional 33 shares during the period. Valley National Advisers Inc. lifted its holdings in shares of Motorola Solutions by 21.3% in the 4th quarter. Valley National Advisers Inc. now owns 188 shares of the communications equipment provider’s stock valued at $58,000 after buying an additional 33 shares during the period. AdvisorNet Financial Inc lifted its holdings in shares of Motorola Solutions by 9.4% in the 3rd quarter. AdvisorNet Financial Inc now owns 444 shares of the communications equipment provider’s stock valued at $121,000 after buying an additional 38 shares during the period. Merit Financial Group LLC lifted its holdings in shares of Motorola Solutions by 3.0% in the 3rd quarter. Merit Financial Group LLC now owns 1,301 shares of the communications equipment provider’s stock valued at $354,000 after buying an additional 38 shares during the period. Finally, Valeo Financial Advisors LLC lifted its holdings in shares of Motorola Solutions by 4.8% in the 4th quarter. Valeo Financial Advisors LLC now owns 844 shares of the communications equipment provider’s stock valued at $264,000 after buying an additional 39 shares during the period. 84.17% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have recently commented on MSI shares. Barclays raised their price target on Motorola Solutions from $333.00 to $352.00 and gave the company an “overweight” rating in a report on Tuesday, January 2nd. StockNews.com raised Motorola Solutions from a “hold” rating to a “buy” rating in a report on Monday, February 12th. JPMorgan Chase & Co. lifted their price objective on Motorola Solutions from $360.00 to $400.00 and gave the stock an “overweight” rating in a report on Thursday, April 11th. Deutsche Bank Aktiengesellschaft began coverage on Motorola Solutions in a report on Friday, January 19th. They set a “buy” rating and a $350.00 price objective for the company. Finally, Evercore ISI began coverage on Motorola Solutions in a report on Monday, March 25th. They set an “outperform” rating and a $400.00 price objective for the company. One equities research analyst has rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $348.38.

Insider Buying and Selling

In other news, SVP Cynthia Yazdi sold 4,744 shares of the company’s 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 transaction, the senior vice president now directly owns 8,858 shares of the company’s stock, valued at $2,961,229.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.50% of the company’s stock.

Motorola Solutions Price Performance

Shares of NYSE:MSI opened at $339.65 on Friday. The company has a market cap of $56.42 billion, a P/E ratio of 34.20, a P/E/G ratio of 3.14 and a beta of 0.90. The company has a quick ratio of 0.85, a current ratio of 1.00 and a debt-to-equity ratio of 6.37. Motorola Solutions, Inc. has a 52 week low of $269.64 and a 52 week high of $355.39. The business has a fifty day simple moving average of $339.17 and a 200-day simple moving average of $319.84.

Motorola Solutions (NYSE:MSI) last announced its quarterly earnings data 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. Motorola Solutions had a return on equity of 441.65% and a net margin of 17.12%. The business had revenue of $2.85 billion during the quarter, compared to the consensus estimate of $2.82 billion. During the same quarter in the previous year, the business earned $3.38 earnings per share. The business’s revenue for the quarter was up 5.2% on a year-over-year basis. Equities research analysts forecast that Motorola Solutions, Inc. will post 11.74 EPS for the current year.

Motorola Solutions Dividend Announcement

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

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.