Acrospire Investment Management LLC Boosts Stake in Motorola Solutions, Inc. (MSI)
Acrospire Investment Management LLC increased its holdings in shares of Motorola Solutions, Inc. (NYSE:MSI) by 33.3% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,200 shares of the communications equipment provider’s stock after acquiring an additional 300 shares during the quarter. Acrospire Investment Management LLC’s holdings in Motorola Solutions were worth $104,000 as of its most recent filing with the SEC.
Other large investors have also added to or reduced their stakes in the company. Iat Reinsurance Co. LTD. bought a new position in Motorola Solutions during the first quarter worth about $123,000. Mckinley Capital Management LLC Delaware bought a new position in Motorola Solutions during the first quarter worth about $135,000. Exane Derivatives increased its position in Motorola Solutions by 163.6% during the second quarter. Exane Derivatives now owns 1,613 shares of the communications equipment provider’s stock worth $140,000 after acquiring an additional 1,001 shares during the period. Smithfield Trust Co. increased its position in Motorola Solutions by 2.7% during the second quarter. Smithfield Trust Co. now owns 2,003 shares of the communications equipment provider’s stock worth $173,000 after acquiring an additional 53 shares during the period. Finally, King Luther Capital Management Corp bought a new position in Motorola Solutions during the first quarter worth about $206,000. 87.68% of the stock is currently owned by institutional investors and hedge funds.
A number of research firms recently commented on MSI. Cowen and Company reaffirmed a “market perform” rating and set a $83.00 price target (up from $75.00) on shares of Motorola Solutions in a research report on Wednesday, August 9th. Zacks Investment Research raised shares of Motorola Solutions from a “sell” rating to a “hold” rating and set a $99.00 price target on the stock in a research report on Tuesday, August 8th. Deutsche Bank AG raised their price target on shares of Motorola Solutions from $73.00 to $78.00 and gave the stock a “hold” rating in a research report on Monday, August 7th. Jefferies Group LLC reaffirmed a “buy” rating and set a $105.00 price target (up from $100.00) on shares of Motorola Solutions in a research report on Wednesday, August 9th. Finally, Northcoast Research raised shares of Motorola Solutions from a “neutral” rating to a “buy” rating and set a $100.00 price target on the stock in a research report on Tuesday, May 30th. Four investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $94.08.
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In other news, EVP Bruce W. Brda sold 25,299 shares of the 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 sale, the executive vice president now directly owns 23,829 shares of the company’s stock, valued at $2,123,402.19. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Eduardo F. Conrado sold 6,998 shares of the stock in a transaction dated Tuesday, August 8th. The stock was sold at an average price of $89.13, for a total transaction of $623,731.74. Following the completion of the sale, the executive vice president now directly owns 22,858 shares in the company, valued at $2,037,333.54. The disclosure for this sale can be found here. Corporate insiders own 2.50% of the company’s stock.
Motorola Solutions, Inc. (NYSE MSI) opened at 84.99 on Friday. The firm has a 50-day moving average of $87.43 and a 200 day moving average of $85.89. Motorola Solutions, Inc. has a 12-month low of $71.24 and a 12-month high of $93.75. The company has a market capitalization of $13.82 billion, a price-to-earnings ratio of 22.41 and a beta of 0.33.
Motorola Solutions (NYSE:MSI) last announced its quarterly earnings results on Thursday, August 3rd. The communications equipment provider reported $1.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $1.50 billion for the quarter, compared to the consensus estimate of $1.46 billion. During the same period in the prior year, the firm posted $1.03 earnings per share. The company’s revenue for the quarter was up 4.7% on a year-over-year basis. Analysts expect that Motorola Solutions, Inc. will post $5.29 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, October 13th. Stockholders of record on Friday, September 15th will be issued a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.19%. The ex-dividend date is Thursday, September 14th. Motorola Solutions’s payout ratio is 49.60%.
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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