Victory Capital Management Inc. Sells 97,786 Shares of Motorola Solutions, Inc. (NYSE:MSI)

Victory Capital Management Inc. cut its position in shares of Motorola Solutions, Inc. (NYSE:MSI - Free Report) by 11.0% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 793,742 shares of the communications equipment provider's stock after selling 97,786 shares during the quarter. Victory Capital Management Inc. owned 0.48% of Motorola Solutions worth $356,890,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Aptus Capital Advisors LLC grew its stake in Motorola Solutions by 22.4% during the 3rd quarter. Aptus Capital Advisors LLC now owns 32,477 shares of the communications equipment provider's stock valued at $14,603,000 after acquiring an additional 5,938 shares in the last quarter. Cumberland Partners Ltd grew its position in Motorola Solutions by 26.7% during the third quarter. Cumberland Partners Ltd now owns 22,945 shares of the communications equipment provider's stock valued at $10,317,000 after purchasing an additional 4,835 shares in the last quarter. Aigen Investment Management LP acquired a new position in Motorola Solutions in the 3rd quarter valued at approximately $3,836,000. Prime Capital Investment Advisors LLC lifted its position in Motorola Solutions by 9.9% in the 3rd quarter. Prime Capital Investment Advisors LLC now owns 1,168 shares of the communications equipment provider's stock worth $525,000 after buying an additional 105 shares in the last quarter. Finally, Savvy Advisors Inc. raised its holdings in shares of Motorola Solutions by 36.5% during the third quarter. Savvy Advisors Inc. now owns 845 shares of the communications equipment provider's stock worth $380,000 after acquiring an additional 226 shares in the last quarter. 84.17% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

MSI has been the subject of several recent research reports. Jefferies Financial Group boosted their target price on shares of Motorola Solutions from $460.00 to $510.00 and gave the stock a "buy" rating in a research report on Tuesday, September 3rd. Bank of America raised their target price on Motorola Solutions from $440.00 to $520.00 and gave the company a "buy" rating in a report on Wednesday, October 23rd. JPMorgan Chase & Co. upped their price target on Motorola Solutions from $436.00 to $440.00 and gave the stock an "overweight" rating in a research note on Friday, August 2nd. Raymond James boosted their target price on Motorola Solutions from $425.00 to $515.00 and gave the stock an "outperform" rating in a report on Friday. Finally, Barclays increased their price target on Motorola Solutions from $467.00 to $529.00 and gave the company an "overweight" rating in a report on Friday. Nine research analysts have rated the stock with a buy rating, According to MarketBeat, the stock presently has an average rating of "Buy" and a consensus target price of $493.43.

Motorola Solutions Price Performance

NYSE:MSI traded up $0.49 during trading hours on Tuesday, reaching $497.45. The company had a trading volume of 748,598 shares, compared to its average volume of 669,851. The company has a quick ratio of 1.03, a current ratio of 1.20 and a debt-to-equity ratio of 7.03. The stock has a 50-day moving average of $455.77 and a two-hundred day moving average of $411.01. Motorola Solutions, Inc. has a one year low of $307.09 and a one year high of $507.82. The firm has a market capitalization of $83.00 billion, a PE ratio of 54.10, a PEG ratio of 4.24 and a beta of 0.97.

Motorola Solutions (NYSE:MSI - Get Free Report) last released its quarterly earnings results on Thursday, November 7th. The communications equipment provider reported $3.46 EPS for the quarter, beating analysts' consensus estimates of $3.10 by $0.36. The firm had revenue of $2.79 billion for the quarter, compared to analyst estimates of $2.76 billion. Motorola Solutions had a net margin of 14.65% and a return on equity of 310.04%. Analysts forecast that Motorola Solutions, Inc. will post 12.26 earnings per share for the current year.

Motorola Solutions Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Friday, September 13th were paid a $0.98 dividend. This represents a $3.92 dividend on an annualized basis and a dividend yield of 0.79%. The ex-dividend date was Friday, September 13th. Motorola Solutions's dividend payout ratio is presently 42.94%.

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.