Federated Investors Inc. PA boosted its position in shares of Motorola Solutions, Inc. (NYSE:MSI) by 200.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 369,908 shares of the communications equipment provider’s stock after buying an additional 246,957 shares during the period. Federated Investors Inc. PA owned about 0.23% of Motorola Solutions worth $32,086,000 at the end of the most recent quarter.
Other hedge funds have also recently modified their holdings of the company. Lazard Asset Management LLC raised its stake in shares of Motorola Solutions by 54.6% in the first quarter. Lazard Asset Management LLC now owns 8,988,989 shares of the communications equipment provider’s stock worth $775,030,000 after buying an additional 3,174,388 shares during the last quarter. Renaissance Technologies LLC raised its stake in shares of Motorola Solutions by 51.5% in the first quarter. Renaissance Technologies LLC now owns 1,797,415 shares of the communications equipment provider’s stock worth $154,973,000 after buying an additional 610,650 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Motorola Solutions by 2.8% in the first quarter. Vanguard Group Inc. now owns 16,036,418 shares of the communications equipment provider’s stock worth $1,382,661,000 after buying an additional 444,109 shares in the last quarter. Massachusetts Financial Services Co. MA raised its stake in shares of Motorola Solutions by 209.3% in the first quarter. Massachusetts Financial Services Co. MA now owns 591,919 shares of the communications equipment provider’s stock worth $51,036,000 after buying an additional 400,519 shares in the last quarter. Finally, Old Mutual Global Investors UK Ltd. raised its stake in shares of Motorola Solutions by 129.2% in the first quarter. Old Mutual Global Investors UK Ltd. now owns 548,833 shares of the communications equipment provider’s stock worth $47,320,000 after buying an additional 309,341 shares in the last quarter. 87.62% of the stock is owned by institutional investors and hedge funds.
Motorola Solutions, Inc. (NYSE MSI) opened at 86.51 on Friday. Motorola Solutions, Inc. has a 1-year low of $71.24 and a 1-year high of $93.75. The company has a 50-day moving average price of $88.83 and a 200 day moving average price of $84.92. The stock has a market cap of $14.07 billion, a P/E ratio of 22.81 and a beta of 0.32.
Motorola Solutions (NYSE:MSI) last issued its earnings results on Thursday, August 3rd. The communications equipment provider reported $1.06 EPS for the quarter, topping analysts’ consensus estimates of $0.99 by $0.07. Motorola Solutions had a net margin of 10.38% and a negative return on equity of 93.44%. The company had revenue of $1.50 billion for the quarter, compared to the consensus estimate of $1.46 billion. During the same period in the previous year, the firm earned $1.03 earnings per share. Motorola Solutions’s quarterly revenue was up 4.7% compared to the same quarter last year. Equities analysts expect that Motorola Solutions, Inc. will post $5.29 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, October 13th. Shareholders of record on Friday, September 15th will be paid a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a yield of 2.17%. The ex-dividend date is Thursday, September 14th. Motorola Solutions’s dividend payout ratio (DPR) is presently 49.60%.
A number of analysts have commented on the company. ValuEngine lowered Motorola Solutions from a “buy” rating to a “hold” rating in a report on Tuesday. Jefferies Group LLC reissued a “buy” rating and set a $105.00 price objective on shares of Motorola Solutions in a report on Tuesday. Cowen and Company reissued a “market perform” rating and set a $83.00 price objective (up from $75.00) on shares of Motorola Solutions in a report on Wednesday, August 9th. Zacks Investment Research raised Motorola Solutions from a “sell” rating to a “hold” rating and set a $99.00 price objective for the company in a report on Tuesday, August 8th. Finally, 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 report on Monday, August 7th. Five equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $94.33.
In other Motorola Solutions news, EVP Eduardo F. Conrado sold 6,998 shares of Motorola Solutions stock in a transaction dated Tuesday, August 8th. The shares were sold at an average price of $89.13, for a total transaction of $623,731.74. Following the completion of the sale, the executive vice president now directly owns 22,858 shares in the company, valued at $2,037,333.54. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Bruce W. Brda sold 25,299 shares of Motorola Solutions stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $89.11, for a total transaction of $2,254,393.89. Following the sale, the executive vice president now owns 23,829 shares of the company’s stock, valued at $2,123,402.19. The disclosure for this sale can be found here. 2.50% of the stock is owned by 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. The Company’s Products segment offers a portfolio of infrastructure, devices, accessories and software. The Products segment has two product lines: Devices and Systems.
Receive News & Ratings for Motorola Solutions Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Motorola Solutions Inc. and related companies with MarketBeat.com's FREE daily email newsletter.
