Motorola Solutions, Inc. (NYSE:MSI) Stake Trimmed by NFJ Investment Group LLC

NFJ Investment Group LLC lowered its stake in Motorola Solutions, Inc. (NYSE:MSI) by 60.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 53,742 shares of the communications equipment provider’s stock after selling 83,118 shares during the quarter. NFJ Investment Group LLC’s holdings in Motorola Solutions were worth $11,653,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently modified their holdings of the company. Solstein Capital LLC purchased a new position in Motorola Solutions in the 1st quarter worth about $25,000. Red Door Wealth Management LLC purchased a new position in Motorola Solutions in the 2nd quarter worth about $35,000. Harvest Fund Management Co. Ltd purchased a new position in Motorola Solutions in the 2nd quarter worth about $36,000. tru Independence LLC purchased a new position in Motorola Solutions in the 2nd quarter worth about $42,000. Finally, GPS Wealth Strategies Group LLC increased its stake in Motorola Solutions by 30.9% in the 2nd quarter. GPS Wealth Strategies Group LLC now owns 267 shares of the communications equipment provider’s stock worth $58,000 after purchasing an additional 63 shares in the last quarter. 85.01% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Motorola Solutions stock traded up $3.19 during trading on Thursday, hitting $242.34. 214 shares of the stock traded hands, compared to its average volume of 695,711. The stock has a market cap of $41.03 billion, a P/E ratio of 35.96, a PEG ratio of 3.26 and a beta of 0.77. Motorola Solutions, Inc. has a twelve month low of $149.81 and a twelve month high of $246.96. The company has a fifty day moving average price of $233.42 and a two-hundred day moving average price of $210.90.

Motorola Solutions (NYSE:MSI) last announced its quarterly earnings results on Thursday, August 5th. The communications equipment provider reported $2.07 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.72 by $0.35. The business had revenue of $1.97 billion during the quarter, compared to analyst estimates of $1.94 billion. Motorola Solutions had a negative return on equity of 271.44% and a net margin of 14.64%. As a group, analysts forecast that Motorola Solutions, Inc. will post 8.27 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, October 15th. Stockholders of record on Wednesday, September 15th will be issued a dividend of $0.71 per share. The ex-dividend date is Tuesday, September 14th. This represents a $2.84 annualized dividend and a dividend yield of 1.17%. Motorola Solutions’s dividend payout ratio is 39.89%.

MSI has been the topic of a number of analyst reports. Raymond James lifted their price target on Motorola Solutions from $210.00 to $245.00 and gave the stock an “outperform” rating in a research note on Friday, August 6th. Northcoast Research lifted their target price on Motorola Solutions from $215.00 to $244.00 and gave the company a “buy” rating in a research note on Thursday, July 15th. Morgan Stanley lifted their target price on Motorola Solutions from $210.00 to $230.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 6th. They noted that the move was a valuation call. Barclays lifted their target price on Motorola Solutions from $239.00 to $247.00 and gave the company an “overweight” rating in a research note on Friday, August 6th. Finally, MKM Partners lifted their target price on Motorola Solutions from $222.00 to $260.00 and gave the company a “buy” rating in a research note on Friday, August 6th. Three research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat, Motorola Solutions has an average rating of “Buy” and a consensus target price of $220.64.

About Motorola Solutions

Motorola Solutions, Inc engages in the provision of communication infrastructure, devices, accessories, software and services. It operates through the following segments: Products & Systems Integration and Software & Services. The Products & Systems Integration segment offers an extensive portfolio of infrastructure, devices, accessories, video security devices and infrastructure, and the implementation and integration of such systems, devices, and applications.

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

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