Emerald Acquisition Ltd. acquired a new position in shares of Motorola Solutions Inc. (NYSE:MSI) during the second quarter, Holdings Channel reports. The firm acquired 31,389 shares of the company’s stock, valued at approximately $2,070,000.
A number of other large investors also recently made changes to their positions in MSI. Acadian Asset Management LLC bought a new stake in shares of Motorola Solutions during the first quarter worth $2,357,000. Commonwealth Equity Services Inc raised its stake in shares of Motorola Solutions by 7.9% in the first quarter. Commonwealth Equity Services Inc now owns 11,100 shares of the company’s stock worth $840,000 after buying an additional 817 shares during the last quarter. Mn Services Vermogensbeheer B.V. bought a new stake in shares of Motorola Solutions during the first quarter worth $262,000. Virginia Retirement System bought a new stake in shares of Motorola Solutions during the first quarter worth $2,966,000. Finally, IFP Advisors Inc raised its stake in shares of Motorola Solutions by 18.5% in the first quarter. IFP Advisors Inc now owns 3,542 shares of the company’s stock worth $268,000 after buying an additional 552 shares during the last quarter. Institutional investors own 85.38% of the company’s stock.
Motorola Solutions Inc. (NYSE:MSI) traded down 1.20% on Friday, reaching $76.28. 1,647,837 shares of the company’s stock were exchanged. The stock has a market cap of $12.72 billion, a price-to-earnings ratio of 26.91 and a beta of 0.45. Motorola Solutions Inc. has a one year low of $59.13 and a one year high of $78.99. The firm has a 50 day moving average of $76.48 and a 200-day moving average of $72.16.
Motorola Solutions (NYSE:MSI) last announced its quarterly earnings data on Thursday, August 4th. The company reported $1.03 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.86 by $0.17. Motorola Solutions had a net margin of 9.04% and a negative return on equity of 223.77%. The firm earned $1.40 billion during the quarter, compared to analyst estimates of $1.40 billion. During the same quarter in the prior year, the firm posted $0.68 earnings per share. Motorola Solutions’s quarterly revenue was up 4.5% on a year-over-year basis. Equities research analysts forecast that Motorola Solutions Inc. will post $4.60 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, October 14th. Shareholders of record on Thursday, September 15th will be given a $0.41 dividend. The ex-dividend date of this dividend is Tuesday, September 13th. This represents a $1.64 dividend on an annualized basis and a yield of 2.12%. Motorola Solutions’s payout ratio is currently 57.54%.
MSI has been the subject of a number of research analyst reports. Citigroup Inc. initiated coverage on shares of Motorola Solutions in a report on Monday, June 20th. They set a “neutral” rating and a $73.00 price objective for the company. Goldman Sachs Group Inc. upgraded shares of Motorola Solutions from a “neutral” rating to a “buy” rating and set a $81.00 price objective for the company in a report on Thursday, June 30th. Deutsche Bank AG set a $68.00 price objective on shares of Motorola Solutions and gave the company a “hold” rating in a report on Friday, August 5th. Credit Suisse Group AG reiterated a “buy” rating and set a $80.00 price objective on shares of Motorola Solutions in a report on Friday, August 5th. Finally, JPMorgan Chase & Co. reiterated a “hold” rating and set a $72.00 price objective on shares of Motorola Solutions in a report on Friday, August 5th. Ten research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $73.13.
In other Motorola Solutions news, Chairman Gregory Q. Brown sold 117,000 shares of the company’s stock in a transaction dated Monday, August 29th. The shares were sold at an average price of $77.11, for a total value of $9,021,870.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Bruce W. Brda sold 10,416 shares of the company’s stock in a transaction dated Tuesday, September 6th. The shares were sold at an average price of $77.99, for a total transaction of $812,343.84. Following the completion of the transaction, the executive vice president now directly owns 25,703 shares in the company, valued at approximately $2,004,576.97. The disclosure for this sale can be found here. 2.55% of the stock is currently 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. Its Products segment offers a portfolio of infrastructure, devices, accessories and software. The Products segment has two product lines, including Devices and Systems.
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