HL Financial Services LLC Buys 8 Shares of Motorola Solutions Inc. (MSI)
HL Financial Services LLC increased its stake in shares of Motorola Solutions Inc. (NYSE:MSI) by 0.0% during the second quarter, according to its most recent filing with the SEC. The fund owned 39,569 shares of the company’s stock after buying an additional 8 shares during the period. HL Financial Services LLC’s holdings in Motorola Solutions were worth $2,610,000 at the end of the most recent quarter.
Other hedge funds also recently made changes to their positions in the company. BlueMountain Capital Management LLC bought a new stake in shares of Motorola Solutions during the first quarter valued at about $100,000. Reynolds Capital Management LLC bought a new stake in shares of Motorola Solutions during the first quarter valued at about $204,000. Telemus Capital LLC boosted its stake in shares of Motorola Solutions by 5.4% in the second quarter. Telemus Capital LLC now owns 3,405 shares of the company’s stock valued at $225,000 after buying an additional 173 shares during the period. Mn Services Vermogensbeheer B.V. bought a new stake in shares of Motorola Solutions during the first quarter valued at about $262,000. Finally, IFP Advisors Inc boosted its stake in shares of Motorola Solutions by 18.5% in the first quarter. IFP Advisors Inc now owns 3,542 shares of the company’s stock valued at $268,000 after buying an additional 552 shares during the period. 85.38% of the stock is currently owned by institutional investors and hedge funds.
Motorola Solutions Inc. (NYSE:MSI) traded up 0.69% during midday trading on Wednesday, reaching $75.73. 1,268,858 shares of the company’s stock traded hands. Motorola Solutions Inc. has a 1-year low of $59.13 and a 1-year high of $78.99. The firm’s 50 day moving average price is $75.82 and its 200-day moving average price is $71.94. The company has a market capitalization of $12.63 billion, a PE ratio of 26.71 and a beta of 0.45.
Motorola Solutions (NYSE:MSI) last announced its quarterly earnings data on Thursday, August 4th. The company reported $1.03 EPS for the quarter, beating the Zacks’ consensus estimate of $0.86 by $0.17. Motorola Solutions had a net margin of 9.04% and a negative return on equity of 223.77%. The company had revenue of $1.40 billion for the quarter, compared to the consensus estimate of $1.40 billion. During the same period in the prior year, the firm posted $0.68 EPS. The company’s quarterly revenue was up 4.5% compared to the same quarter last year. Equities analysts expect that Motorola Solutions Inc. will post $4.60 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, October 14th. Investors of record on Thursday, September 15th will be paid a dividend of $0.41 per share. The ex-dividend date of this dividend is Tuesday, September 13th. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.17%. Motorola Solutions’s payout ratio is currently 57.54%.
Several brokerages have issued reports on MSI. Deutsche Bank AG set a $68.00 target price on Motorola Solutions and gave the company a “hold” rating in a research report on Friday, August 5th. Zacks Investment Research raised Motorola Solutions from a “hold” rating to a “buy” rating and set a $83.00 target price on the stock in a research report on Wednesday, August 10th. Jefferies Group reaffirmed a “hold” rating on shares of Motorola Solutions in a research report on Friday, September 2nd. Citigroup Inc. began coverage on Motorola Solutions in a research report on Monday, June 20th. They set a “neutral” rating and a $73.00 target price on the stock. Finally, Credit Suisse Group AG reaffirmed a “buy” rating and set a $80.00 target price on shares of Motorola Solutions in a research report on Friday, August 5th. Ten research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $73.13.
In related news, EVP John P. Molloy sold 11,199 shares of the stock in a transaction on Wednesday, August 10th. The stock was sold at an average price of $74.14, for a total value of $830,293.86. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Bruce W. Brda sold 10,416 shares of the stock in a transaction on Tuesday, September 6th. The shares were sold at an average price of $77.99, for a total value of $812,343.84. Following the completion of the transaction, the executive vice president now directly owns 25,703 shares in the company, valued at approximately $2,004,576.97. The disclosure for this sale can be found here. 2.55% of the stock is owned by corporate insiders.
Motorola Solutions Company Profile
Motorola Solutions, Inc is a provider of communication infrastructure, devices, accessories, software and services. The Company operates through two segments: Products and Services. Its Products segment offers a portfolio of infrastructure, devices, accessories and software. The Products segment has two product lines, including Devices and Systems.
Want to see what other hedge funds are holding MSI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Motorola Solutions Inc. (NYSE:MSI).
Receive News & Ratings for Motorola Solutions Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Motorola Solutions Inc. and related companies with MarketBeat.com's FREE daily email newsletter.