NGAM Advisors L.P. Acquires 2,678 Shares of Motorola Solutions, Inc. (NYSE:MSI)
NGAM Advisors L.P. raised its position in Motorola Solutions, Inc. (NYSE:MSI) by 7.6% during the second quarter, Holdings Channel reports. The firm owned 38,050 shares of the communications equipment provider’s stock after buying an additional 2,678 shares during the period. NGAM Advisors L.P.’s holdings in Motorola Solutions were worth $3,300,000 at the end of the most recent reporting period.
Other hedge funds have also modified their holdings of the company. Washington Trust Bank raised its stake in shares of 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 during the period. Americafirst Capital Management LLC acquired a new stake in shares of Motorola Solutions during the first quarter worth about $859,000. Fox Run Management L.L.C. acquired a new stake in shares of Motorola Solutions during the first quarter worth about $328,000. Atria Investments LLC raised its stake in shares of 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 during the period. Finally, BKD Wealth Advisors LLC raised its stake in shares of 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 during the period. Institutional investors own 87.27% of the company’s stock.
Motorola Solutions, Inc. (NYSE MSI) opened at 88.51 on Thursday. Motorola Solutions, Inc. has a 52 week low of $71.24 and a 52 week high of $93.75. The firm has a 50-day moving average of $88.90 and a 200 day moving average of $84.54. The stock has a market capitalization of $14.47 billion, a price-to-earnings ratio of 24.47 and a beta of 0.32.
Motorola Solutions (NYSE:MSI) last issued its quarterly earnings results on Thursday, August 3rd. The communications equipment provider reported $1.06 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.99 by $0.07. Motorola Solutions had a negative return on equity of 93.44% and a net margin of 10.38%. The business had revenue of $1.50 billion during the quarter, compared to the consensus estimate of $1.46 billion. During the same period in the previous year, the business earned $1.03 EPS. The business’s quarterly revenue was up 4.7% on a year-over-year basis. On average, analysts anticipate that Motorola Solutions, Inc. will post $5.28 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, July 14th. Stockholders of record on Thursday, June 15th were issued a $0.47 dividend. The ex-dividend date was Tuesday, June 13th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.12%. Motorola Solutions’s dividend payout ratio (DPR) is 49.60%.
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A number of research firms recently weighed in on MSI. Credit Suisse Group set a $95.00 target price on shares of Motorola Solutions and gave the stock a “buy” rating in a research note on Thursday, July 27th. Zacks Investment Research upgraded shares of Motorola Solutions from a “hold” rating to a “buy” rating and set a $102.00 target price on the stock in a research note on Thursday, July 27th. BMO Capital Markets upped their target price on shares of Motorola Solutions from $95.00 to $102.00 and gave the stock an “outperform” rating in a research note on Friday, August 4th. Deutsche Bank AG upped their target price on shares of Motorola Solutions from $73.00 to $78.00 and gave the stock a “hold” rating in a research note on Monday. Finally, Jefferies Group LLC restated a “buy” rating and set a $105.00 target price (up from $100.00) on shares of Motorola Solutions in a research note on Wednesday. Four analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $94.33.
In other news, EVP Bruce W. Brda sold 25,299 shares of the business’s stock in a transaction that occurred on Monday, August 7th. The stock was 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 directly owns 23,829 shares in the company, valued at approximately $2,123,402.19. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 2.50% of the stock is currently owned by insiders.
About Motorola Solutions
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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