Macquarie Group Ltd. raised its position in Motorola Solutions Inc. (NYSE:MSI) by 178.3% during the second quarter, Holdings Channel reports. The firm owned 4,058 shares of the company’s stock after buying an additional 2,600 shares during the period. Macquarie Group Ltd.’s holdings in Motorola Solutions were worth $268,000 at the end of the most recent quarter.
Other institutional investors have also modified their holdings of the company. Kentucky Retirement Systems Insurance Trust Fund acquired a new position in shares of Motorola Solutions during the second quarter worth about $423,000. Kentucky Retirement Systems acquired a new position in shares of Motorola Solutions during the second quarter worth about $891,000. Mason Street Advisors LLC acquired a new position in shares of Motorola Solutions during the second quarter worth about $1,412,000. Royal Bank of Canada increased its position in shares of Motorola Solutions by 73.3% in the second quarter. Royal Bank of Canada now owns 406,353 shares of the company’s stock worth $26,808,000 after buying an additional 171,873 shares during the period. Finally, IFP Advisors Inc increased its position in shares of Motorola Solutions by 30.4% in the second quarter. IFP Advisors Inc now owns 4,620 shares of the company’s stock worth $305,000 after buying an additional 1,078 shares during the period. 85.38% of the stock is owned by institutional investors and hedge funds.
Motorola Solutions Inc. (NYSE:MSI) opened at 76.28 on Monday. The company has a 50 day moving average price of $76.50 and a 200 day moving average price of $72.19. The stock has a market capitalization of $12.72 billion, a price-to-earnings ratio of 26.91 and a beta of 0.48. Motorola Solutions Inc. has a 12 month low of $59.13 and a 12 month high of $78.99.
Motorola Solutions (NYSE:MSI) last announced its earnings results on Thursday, August 4th. The company reported $1.03 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.86 by $0.17. Motorola Solutions had a negative return on equity of 223.77% and a net margin of 9.04%. The firm had revenue of $1.40 billion for the quarter, compared to analysts’ expectations of $1.40 billion. During the same quarter in the previous year, the company earned $0.68 earnings per share. The firm’s quarterly revenue was up 4.5% compared to the same quarter last year. Equities research analysts predict that Motorola Solutions Inc. will post $4.60 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, October 14th. Investors of record on Thursday, September 15th will be issued a dividend of $0.41 per share. The ex-dividend date of this dividend is Tuesday, September 13th. This represents a $1.64 annualized dividend and a yield of 2.15%. Motorola Solutions’s payout ratio is 57.54%.
A number of equities research analysts recently weighed in on the company. Jefferies Group restated a “hold” rating on shares of Motorola Solutions in a report on Friday, September 2nd. BMO Capital Markets restated a “market perform” rating and issued a $72.00 price target on shares of Motorola Solutions in a report on Thursday, August 18th. Zacks Investment Research upgraded Motorola Solutions from a “hold” rating to a “buy” rating and set a $83.00 price target on the stock in a report on Wednesday, August 10th. JPMorgan Chase & Co. restated a “hold” rating and issued a $72.00 price target on shares of Motorola Solutions in a report on Friday, August 5th. Finally, Credit Suisse Group AG restated a “buy” rating and issued a $80.00 price target 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 given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $73.13.
In other Motorola Solutions news, EVP Mark S. Hacker sold 4,620 shares of the company’s stock in a transaction on Wednesday, August 24th. The stock was sold at an average price of $76.94, for a total value of $355,462.80. Following the transaction, the executive vice president now owns 15,741 shares of the company’s stock, valued at $1,211,112.54. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP John P. Molloy sold 11,199 shares of the company’s stock in a transaction on Wednesday, August 10th. The shares were sold at an average price of $74.14, for a total value of $830,293.86. The disclosure for this sale can be found here. Corporate insiders own 2.55% of the company’s stock.
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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