Advisor Partners LLC Boosts Position in Motorola Solutions, Inc. (NYSE:MSI)
Advisor Partners LLC raised its position in shares of Motorola Solutions, Inc. (NYSE:MSI) by 16.0% during the second quarter, Holdings Channel reports. The institutional investor owned 4,516 shares of the communications equipment provider’s stock after buying an additional 624 shares during the period. Advisor Partners LLC’s holdings in Motorola Solutions were worth $392,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Washington Trust Bank increased its position in Motorola Solutions by 26,343.8% in the first quarter. Washington Trust Bank now owns 4,231 shares of the communications equipment provider’s stock worth $365,000 after buying an additional 4,215 shares in the last quarter. Americafirst Capital Management LLC acquired a new position in Motorola Solutions during the first quarter worth about $859,000. Fox Run Management L.L.C. acquired a new position in Motorola Solutions during the first quarter worth about $328,000. Atria Investments LLC increased its position in Motorola Solutions by 22.0% in the first quarter. Atria Investments LLC now owns 11,151 shares of the communications equipment provider’s stock worth $961,000 after buying an additional 2,008 shares in the last quarter. Finally, BKD Wealth Advisors LLC increased its position in Motorola Solutions by 65.3% in the first quarter. BKD Wealth Advisors LLC now owns 5,696 shares of the communications equipment provider’s stock worth $491,000 after buying an additional 2,251 shares in the last quarter. Institutional investors own 87.27% of the company’s stock.
Shares of Motorola Solutions, Inc. (NYSE:MSI) opened at 88.51 on Thursday. The stock has a market cap of $14.47 billion, a PE ratio of 24.47 and a beta of 0.32. Motorola Solutions, Inc. has a 1-year low of $69.81 and a 1-year high of $92.67. The stock’s 50 day moving average is $88.90 and its 200-day moving average is $84.54.
Motorola Solutions (NYSE:MSI) last released its earnings results on Thursday, August 3rd. The communications equipment provider reported $1.06 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.99 by $0.07. Motorola Solutions had a net margin of 10.38% and a negative return on equity of 93.44%. The company had revenue of $1.50 billion during the quarter, compared to analysts’ expectations of $1.46 billion. During the same quarter last year, the business earned $1.03 EPS. The business’s revenue was up 4.7% on a year-over-year basis. On average, analysts predict that Motorola Solutions, Inc. will post $5.28 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, July 14th. Investors of record on Thursday, June 15th were paid a $0.47 dividend. This represents a $1.88 annualized dividend and a dividend yield of 2.12%. The ex-dividend date of this dividend was Tuesday, June 13th. Motorola Solutions’s dividend payout ratio (DPR) is 49.60%.
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A number of research firms recently issued reports on MSI. Credit Suisse Group set a $95.00 target price on shares of Motorola Solutions and gave the company a “buy” rating in a research report on Thursday, July 27th. Zacks Investment Research raised shares of Motorola Solutions from a “hold” rating to a “buy” rating and set a $102.00 price objective for the company in a report on Thursday, July 27th. BMO Capital Markets lifted their price objective on shares of Motorola Solutions from $95.00 to $102.00 and gave the company an “outperform” rating in a report on Friday, August 4th. Deutsche Bank AG lifted their price objective on shares of Motorola Solutions from $73.00 to $78.00 and gave the company a “hold” rating in a report on Monday. Finally, Jefferies Group LLC reaffirmed a “buy” rating and issued a $105.00 price objective (up previously from $100.00) on shares of Motorola Solutions in a report on Wednesday. Four equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $94.33.
In related news, EVP Bruce W. Brda sold 25,299 shares of the firm’s stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $89.11, for a total value of $2,254,393.89. Following the completion of the sale, the executive vice president now owns 23,829 shares in the company, valued at $2,123,402.19. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.50% of the stock is owned by company 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. The Company’s Products segment offers a portfolio of infrastructure, devices, accessories and software. The Products segment has two product lines: Devices and Systems.
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