Regis Management CO LLC purchased a new position in Motorola Solutions Inc (NYSE:MSI) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 1,285 shares of the communications equipment provider’s stock, valued at approximately $214,000.
A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. BlackRock Inc. lifted its holdings in Motorola Solutions by 2.8% in the 2nd quarter. BlackRock Inc. now owns 18,559,331 shares of the communications equipment provider’s stock worth $3,094,399,000 after purchasing an additional 502,772 shares in the last quarter. Vanguard Group Inc. lifted its holdings in Motorola Solutions by 2.1% in the 2nd quarter. Vanguard Group Inc. now owns 18,335,326 shares of the communications equipment provider’s stock worth $3,057,049,000 after purchasing an additional 371,731 shares in the last quarter. Neuberger Berman Group LLC lifted its holdings in Motorola Solutions by 2.4% in the 1st quarter. Neuberger Berman Group LLC now owns 5,713,647 shares of the communications equipment provider’s stock worth $802,310,000 after purchasing an additional 134,923 shares in the last quarter. Invesco Ltd. increased its stake in Motorola Solutions by 233.8% in the 2nd quarter. Invesco Ltd. now owns 5,470,553 shares of the communications equipment provider’s stock worth $912,106,000 after acquiring an additional 3,831,921 shares during the last quarter. Finally, OppenheimerFunds Inc. increased its stake in Motorola Solutions by 1.2% in the 1st quarter. OppenheimerFunds Inc. now owns 4,465,388 shares of the communications equipment provider’s stock worth $627,029,000 after acquiring an additional 52,720 shares during the last quarter. 87.22% of the stock is currently owned by institutional investors.
A number of analysts have issued reports on the company. Northcoast Research downgraded Motorola Solutions from a “buy” rating to a “neutral” rating and set a $171.53 price objective on the stock. in a research note on Wednesday, July 17th. Jefferies Financial Group set a $200.00 price objective on Motorola Solutions and gave the stock a “buy” rating in a research note on Wednesday, August 21st. Zacks Investment Research downgraded Motorola Solutions from a “buy” rating to a “hold” rating and set a $177.00 price objective on the stock. in a research note on Wednesday, July 3rd. Barclays assumed coverage on Motorola Solutions in a research note on Wednesday, August 7th. They issued an “overweight” rating and a $195.00 price objective on the stock. Finally, Credit Suisse Group reaffirmed a “buy” rating and issued a $189.00 price objective on shares of Motorola Solutions in a research note on Tuesday, September 10th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and ten have issued a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $164.93.
Shares of NYSE MSI traded down $1.21 during trading hours on Friday, hitting $166.21. 1,313,100 shares of the company traded hands, compared to its average volume of 1,190,368. The stock has a market capitalization of $27.72 billion, a price-to-earnings ratio of 24.34, a price-to-earnings-growth ratio of 2.98 and a beta of 0.58. The company’s 50 day moving average price is $173.80 and its 200 day moving average price is $157.96. Motorola Solutions Inc has a 12 month low of $108.25 and a 12 month high of $182.28.
Motorola Solutions (NYSE:MSI) last released its earnings results on Thursday, August 1st. The communications equipment provider reported $1.69 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.52 by $0.17. The firm had revenue of $1.86 billion for the quarter, compared to the consensus estimate of $1.84 billion. Motorola Solutions had a negative return on equity of 105.22% and a net margin of 13.47%. The company’s revenue for the quarter was up 5.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.46 EPS. Sell-side analysts forecast that Motorola Solutions Inc will post 7.35 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Friday, September 13th will be given a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a dividend yield of 1.37%. The ex-dividend date is Thursday, September 12th. Motorola Solutions’s dividend payout ratio is currently 33.38%.
In other news, CEO Gregory Q. Brown sold 85,471 shares of the business’s stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $177.99, for a total transaction of $15,212,983.29. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Rajan Naik sold 9,408 shares of the business’s stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of $171.55, for a total value of $1,613,942.40. The disclosure for this sale can be found here. In the last three months, insiders have sold 5,958,449 shares of company stock worth $1,047,392,724. Corporate insiders own 2.99% of the company’s stock.
Motorola Solutions Profile
Motorola Solutions, Inc provides mission-critical communication solutions the United States, the United Kingdom, Canada, and internationally. The company operates in two segments, Products and Systems Integration, and Services and Software. The Products and Systems Integration segment offers a portfolio of infrastructure, devices, accessories, and video solutions, as well as the implementation, optimization, and integration of networks, devices, software, and applications for government, public safety and first-responder agencies, municipalities, and commercial and industrial customers.
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