Mason Street Advisors LLC purchased a new position in shares of Motorola Solutions Inc. (NYSE:MSI) during the second quarter, Holdings Channel reports. The firm purchased 21,401 shares of the company’s stock, valued at approximately $1,412,000.
Other hedge funds have also made changes to their positions in the company. Orbis Allan Gray Ltd acquired a new stake in shares of Motorola Solutions during the first quarter worth approximately $775,375,000. Geode Capital Management LLC raised its stake in shares of Motorola Solutions by 16.2% in the first quarter. Geode Capital Management LLC now owns 1,537,974 shares of the company’s stock worth $116,228,000 after buying an additional 214,332 shares during the period. New Century Investment Management Inc. acquired a new stake in shares of Motorola Solutions during the first quarter worth approximately $818,000. Commonwealth Equity Services Inc raised its stake in shares of Motorola Solutions by 23.8% in the second quarter. Commonwealth Equity Services Inc now owns 13,743 shares of the company’s stock worth $907,000 after buying an additional 2,643 shares during the period. Finally, National Pension Service raised its stake in shares of Motorola Solutions by 4.6% in the first quarter. National Pension Service now owns 111,983 shares of the company’s stock worth $8,477,000 after buying an additional 4,973 shares during the period. Institutional investors and hedge funds own 85.42% of the company’s stock.
Shares of Motorola Solutions Inc. (NYSE:MSI) opened at 75.76 on Tuesday. The firm’s 50-day moving average is $75.46 and its 200 day moving average is $71.89. The stock has a market capitalization of $12.63 billion, a P/E ratio of 26.72 and a beta of 0.45. 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 quarterly earnings data on Thursday, August 4th. The company reported $1.03 EPS for the quarter, beating the consensus estimate of $0.86 by $0.17. The business earned $1.40 billion during the quarter, compared to analyst estimates of $1.40 billion. Motorola Solutions had a negative return on equity of 223.77% and a net margin of 9.04%. The company’s revenue for the quarter was up 4.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.68 earnings per share. On average, equities research analysts forecast that Motorola Solutions Inc. will post $4.60 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 14th. Shareholders of record on Thursday, September 15th will be given a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a yield of 2.16%. The ex-dividend date of this dividend is Tuesday, September 13th. Motorola Solutions’s dividend payout ratio is currently 57.54%.
A number of analysts have commented on MSI shares. BMO Capital Markets restated a “market perform” rating and set a $72.00 price target on shares of Motorola Solutions in a research note on Thursday, August 18th. Jefferies Group restated a “hold” rating on shares of Motorola Solutions in a research note on Friday, September 2nd. Credit Suisse Group AG restated a “buy” rating and set a $80.00 price target on shares of Motorola Solutions in a research note on Friday, August 5th. Goldman Sachs Group Inc. upgraded shares of Motorola Solutions from a “neutral” rating to a “buy” rating and set a $81.00 target price for the company in a research note on Thursday, June 30th. Finally, Zacks Investment Research upgraded shares of Motorola Solutions from a “hold” rating to a “buy” rating and set a $83.00 target price for the company in a research note on Wednesday, August 10th. Ten research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $73.13.
In other Motorola Solutions news, CFO Gino A. Bonanotte sold 14,428 shares of the firm’s stock in a transaction on Friday, August 26th. The stock was sold at an average price of $77.01, for a total transaction of $1,111,100.28. Following the completion of the transaction, the chief financial officer now owns 33,005 shares of the company’s stock, valued at $2,541,715.05. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP John P. Molloy sold 11,199 shares of the firm’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. Company insiders own 2.55% of the company’s stock.
About Motorola Solutions
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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