Jag Capital Management LLC Purchases Shares of 25,840 Motorola Solutions, Inc. $MSI

Jag Capital Management LLC purchased a new position in shares of Motorola Solutions, Inc. (NYSE:MSI) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 25,840 shares of the communications equipment provider’s stock, valued at approximately $11,816,000. Motorola Solutions comprises 1.3% of Jag Capital Management LLC’s holdings, making the stock its 25th largest position.

A number of other hedge funds have also made changes to their positions in the business. Cary Street Partners Financial LLC lifted its stake in Motorola Solutions by 6.8% during the third quarter. Cary Street Partners Financial LLC now owns 2,110 shares of the communications equipment provider’s stock worth $965,000 after purchasing an additional 134 shares during the last quarter. TD Asset Management Inc increased its stake in Motorola Solutions by 13.5% in the third quarter. TD Asset Management Inc now owns 955,868 shares of the communications equipment provider’s stock valued at $437,109,000 after purchasing an additional 113,557 shares during the last quarter. Mount Lucas Management LP raised its holdings in Motorola Solutions by 3.2% during the third quarter. Mount Lucas Management LP now owns 3,082 shares of the communications equipment provider’s stock worth $1,409,000 after purchasing an additional 95 shares in the last quarter. Parr Mcknight Wealth Management Group LLC raised its holdings in Motorola Solutions by 1.7% during the third quarter. Parr Mcknight Wealth Management Group LLC now owns 6,126 shares of the communications equipment provider’s stock worth $2,801,000 after purchasing an additional 105 shares in the last quarter. Finally, Mufg Securities Americas Inc. lifted its position in shares of Motorola Solutions by 21.5% during the 3rd quarter. Mufg Securities Americas Inc. now owns 4,493 shares of the communications equipment provider’s stock worth $2,055,000 after buying an additional 794 shares during the last quarter. Hedge funds and other institutional investors own 84.17% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on MSI. Northcoast Research raised shares of Motorola Solutions from a “neutral” rating to a “buy” rating and set a $450.00 target price on the stock in a research report on Monday, December 1st. JPMorgan Chase & Co. upped their price objective on shares of Motorola Solutions from $515.00 to $520.00 and gave the company an “overweight” rating in a research note on Thursday, February 12th. Weiss Ratings cut Motorola Solutions from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, February 11th. Morgan Stanley reissued an “overweight” rating and issued a $470.00 target price on shares of Motorola Solutions in a report on Thursday, February 12th. Finally, Argus raised Motorola Solutions to a “strong-buy” rating in a research report on Friday, February 13th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $497.14.

Motorola Solutions Price Performance

Shares of MSI opened at $471.46 on Wednesday. The company has a debt-to-equity ratio of 3.47, a quick ratio of 0.87 and a current ratio of 1.04. Motorola Solutions, Inc. has a fifty-two week low of $359.36 and a fifty-two week high of $492.22. The firm has a 50-day simple moving average of $405.02 and a 200-day simple moving average of $422.06. The company has a market capitalization of $78.10 billion, a price-to-earnings ratio of 36.95, a price-to-earnings-growth ratio of 3.26 and a beta of 1.00.

Motorola Solutions (NYSE:MSI) last issued its quarterly earnings results on Wednesday, February 11th. The communications equipment provider reported $4.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.35 by $0.24. Motorola Solutions had a return on equity of 110.75% and a net margin of 18.44%.The firm had revenue of $3.38 billion for the quarter, compared to analysts’ expectations of $3.34 billion. During the same quarter in the previous year, the firm posted $4.04 EPS. The firm’s revenue for the quarter was up 12.3% on a year-over-year basis. On average, equities research analysts anticipate that Motorola Solutions, Inc. will post 13.55 earnings per share for the current year.

About Motorola Solutions

Motorola Solutions, Inc is a provider of mission-critical communications and analytics solutions for public safety and commercial customers. The company designs, manufactures and supports a range of communications equipment and software aimed at enabling first responders, government agencies and enterprises to coordinate and operate reliably in high-pressure environments. Its offerings emphasize secure, resilient connectivity and situational awareness for organizations that require dependable voice, data and video communications.

Product lines include land mobile radio (LMR) systems and handheld and vehicle-mounted radios used by police, fire and emergency medical services; broadband push-to-talk and LTE-based solutions; command-and-control center software for incident management and records; and video security and analytics systems.