South State Corp purchased a new stake in Motorola Solutions, Inc. (NYSE:MSI) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 5,375 shares of the communications equipment provider’s stock, valued at approximately $466,000.
Several other institutional investors and hedge funds have also modified their holdings of the company. Vanguard Group Inc. increased its stake in shares of Motorola Solutions by 2.8% in the 1st quarter. Vanguard Group Inc. now owns 16,036,418 shares of the communications equipment provider’s stock valued at $1,382,661,000 after purchasing an additional 444,109 shares during the last quarter. Lazard Asset Management LLC increased its stake in shares of Motorola Solutions by 54.6% in the 1st quarter. Lazard Asset Management LLC now owns 8,988,989 shares of the communications equipment provider’s stock valued at $775,030,000 after purchasing an additional 3,174,388 shares during the last quarter. State Street Corp increased its stake in shares of Motorola Solutions by 1.5% in the 1st quarter. State Street Corp now owns 7,598,871 shares of the communications equipment provider’s stock valued at $655,179,000 after purchasing an additional 114,685 shares during the last quarter. Neuberger Berman Group LLC increased its stake in shares of Motorola Solutions by 2.1% in the 2nd quarter. Neuberger Berman Group LLC now owns 5,458,346 shares of the communications equipment provider’s stock valued at $473,457,000 after purchasing an additional 110,330 shares during the last quarter. Finally, Artisan Partners Limited Partnership increased its stake in shares of Motorola Solutions by 5.6% in the 1st quarter. Artisan Partners Limited Partnership now owns 2,215,956 shares of the communications equipment provider’s stock valued at $191,060,000 after purchasing an additional 118,031 shares during the last quarter. Institutional investors own 87.70% of the company’s stock.
Shares of Motorola Solutions, Inc. (NYSE MSI) traded down 0.80% on Wednesday, reaching $87.04. The company’s stock had a trading volume of 110,414 shares. The firm has a market cap of $14.16 billion, a price-to-earnings ratio of 22.95 and a beta of 0.33. The stock has a 50 day moving average of $88.37 and a 200-day moving average of $85.63. Motorola Solutions, Inc. has a 12 month low of $71.24 and a 12 month high of $93.75.
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Motorola Solutions (NYSE:MSI) last announced its quarterly earnings data on Thursday, August 3rd. The communications equipment provider reported $1.06 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.99 by $0.07. Motorola Solutions had a negative return on equity of 93.44% and a net margin of 10.38%. The firm had revenue of $1.50 billion for the quarter, compared to analysts’ expectations of $1.46 billion. During the same period last year, the firm earned $1.03 earnings per share. The company’s revenue for the quarter was up 4.7% compared to the same quarter last year. On average, analysts anticipate that Motorola Solutions, Inc. will post $5.29 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 13th. Stockholders of record on Friday, September 15th will be paid a dividend of $0.47 per share. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.14%. Motorola Solutions’s dividend payout ratio (DPR) is currently 49.60%.
A number of equities research analysts recently weighed in on MSI shares. UBS AG upgraded Motorola Solutions from a “market perform” rating to an “outperform” rating in a research report on Monday, May 22nd. Cowen and Company restated a “market perform” rating and set a $83.00 price objective (up previously from $75.00) on shares of Motorola Solutions in a research report on Wednesday, August 9th. Zacks Investment Research lowered Motorola Solutions from a “buy” rating to a “hold” rating in a research report on Wednesday. Deutsche Bank AG boosted their price objective on Motorola Solutions from $73.00 to $78.00 and gave the stock a “hold” rating in a research report on Monday, August 7th. Finally, Raymond James Financial, Inc. upgraded Motorola Solutions from a “market perform” rating to an “outperform” rating and boosted their price objective for the stock from $62.76 to $95.00 in a research report on Monday, May 22nd. They noted that the move was a valuation call. Five investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $94.17.
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In other news, EVP Bruce W. Brda sold 25,299 shares of the firm’s stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $89.11, for a total transaction of $2,254,393.89. Following the transaction, the executive vice president now directly owns 23,829 shares of the company’s stock, valued at $2,123,402.19. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Eduardo F. Conrado sold 6,998 shares of the firm’s stock in a transaction dated Tuesday, August 8th. The shares were sold at an average price of $89.13, for a total value of $623,731.74. Following the transaction, the executive vice president now directly owns 22,858 shares in the company, valued at $2,037,333.54. The disclosure for this sale can be found here. 2.50% of the stock is currently owned by company insiders.
Motorola Solutions Profile
Motorola Solutions, Inc is a provider of communication infrastructure, devices, accessories, software and services. The Company operates through two segments: Products and Services. The Company’s Products segment offers a portfolio of infrastructure, devices, accessories and software. The Products segment has two product lines: Devices and Systems.
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