JOYN Advisors Inc. Sells 138 Shares of Motorola Solutions Inc (MSI)

JOYN Advisors Inc. cut its holdings in Motorola Solutions Inc (NYSE:MSI) by 8.0% during the 1st quarter, HoldingsChannel.com reports. The fund owned 1,588 shares of the communications equipment provider’s stock after selling 138 shares during the period. JOYN Advisors Inc.’s holdings in Motorola Solutions were worth $223,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Truvestments Capital LLC bought a new stake in shares of Motorola Solutions during the 1st quarter valued at $28,000. Reilly Financial Advisors LLC raised its position in shares of Motorola Solutions by 386.0% during the 1st quarter. Reilly Financial Advisors LLC now owns 418 shares of the communications equipment provider’s stock valued at $28,000 after purchasing an additional 332 shares during the period. Liberty Wealth Management LLC bought a new stake in shares of Motorola Solutions during the 4th quarter valued at $32,000. Exane Asset Management bought a new stake in shares of Motorola Solutions during the 4th quarter valued at $35,000. Finally, Oregon Public Employees Retirement Fund raised its position in shares of Motorola Solutions by 10,544.5% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 4,378,307 shares of the communications equipment provider’s stock valued at $38,000 after purchasing an additional 4,337,175 shares during the period. Institutional investors and hedge funds own 84.42% of the company’s stock.

In related news, EVP Kelly S. Mark sold 13,600 shares of the stock in a transaction on Wednesday, February 27th. The shares were sold at an average price of $142.71, for a total transaction of $1,940,856.00. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Mark S. Hacker sold 54,712 shares of the stock in a transaction on Monday, May 6th. The stock was sold at an average price of $140.75, for a total transaction of $7,700,714.00. The disclosure for this sale can be found here. Insiders sold a total of 94,697 shares of company stock worth $13,499,657 over the last ninety days. Insiders own 2.99% of the company’s stock.

A number of equities analysts recently commented on the stock. TheStreet raised shares of Motorola Solutions from a “c+” rating to a “b-” rating in a research note on Tuesday, February 26th. Zacks Investment Research upgraded shares of Motorola Solutions from a “hold” rating to a “buy” rating and set a $160.00 price objective for the company in a research note on Friday, May 10th. ValuEngine upgraded shares of Motorola Solutions from a “hold” rating to a “buy” rating in a research note on Friday, February 8th. Deutsche Bank boosted their price objective on shares of Motorola Solutions to $150.00 and gave the stock a “buy” rating in a research note on Friday, February 8th. Finally, Raymond James set a $139.00 target price on shares of Motorola Solutions and gave the stock a “buy” rating in a research report on Friday, February 8th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and twelve have issued a buy rating to the stock. Motorola Solutions presently has a consensus rating of “Buy” and a consensus target price of $139.39.

MSI stock opened at $150.23 on Friday. The firm has a market capitalization of $24.51 billion, a PE ratio of 22.00, a price-to-earnings-growth ratio of 2.62 and a beta of 0.59. Motorola Solutions Inc has a 12 month low of $107.22 and a 12 month high of $152.99.

Motorola Solutions (NYSE:MSI) last released its quarterly earnings data on Thursday, May 2nd. The communications equipment provider reported $1.28 EPS for the quarter, beating the consensus estimate of $1.08 by $0.20. The business had revenue of $1.66 billion for the quarter, compared to the consensus estimate of $1.62 billion. Motorola Solutions had a net margin of 13.29% and a negative return on equity of 91.61%. The business’s revenue for the quarter was up 12.9% on a year-over-year basis. During the same period in the prior year, the firm earned $1.10 EPS. As a group, sell-side analysts predict that Motorola Solutions Inc will post 7.41 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Friday, June 14th will be issued a $0.57 dividend. This represents a $2.28 annualized dividend and a dividend yield of 1.52%. The ex-dividend date of this dividend is Thursday, June 13th. Motorola Solutions’s dividend payout ratio (DPR) is currently 33.38%.

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Motorola Solutions Company Profile

Motorola Solutions, Inc provides mission-critical communication solutions the United States, the United Kingdom, Canada, and internationally. The company operates in two segments, Products and Systems Integration, and Services and Software. The Products and Systems Integration segment offers a portfolio of infrastructure, devices, accessories, and video solutions, as well as the implementation, optimization, and integration of networks, devices, software, and applications for government, public safety and first-responder agencies, municipalities, and commercial and industrial customers.

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Institutional Ownership by Quarter for Motorola Solutions (NYSE:MSI)

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