Nisa Investment Advisors LLC lifted its holdings in shares of Motorola Solutions Inc (NYSE:MSI) by 7.4% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 99,343 shares of the communications equipment provider’s stock after acquiring an additional 6,860 shares during the quarter. Nisa Investment Advisors LLC owned approximately 0.06% of Motorola Solutions worth $16,929,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in MSI. Hexavest Inc. bought a new stake in shares of Motorola Solutions in the 2nd quarter valued at about $30,000. Ruggie Capital Group purchased a new stake in shares of Motorola Solutions in the second quarter worth approximately $35,000. Prestige Wealth Management Group LLC purchased a new stake in shares of Motorola Solutions during the second quarter valued at approximately $43,000. Trustcore Financial Services LLC grew its holdings in Motorola Solutions by 613.5% during the second quarter. Trustcore Financial Services LLC now owns 1,163 shares of the communications equipment provider’s stock valued at $54,000 after purchasing an additional 1,000 shares during the period. Finally, Mitsubishi UFJ Securities Holdings Co. Ltd. bought a new position in shares of Motorola Solutions in the second quarter worth $67,000. Institutional investors and hedge funds own 87.47% of the company’s stock.
A number of equities research analysts have weighed in on MSI shares. Deutsche Bank raised their price target on Motorola Solutions from $180.00 to $195.00 and gave the company a “buy” rating in a research report on Tuesday, October 22nd. Argus lifted their price objective on Motorola Solutions from $165.00 to $190.00 and gave the stock a “buy” rating in a report on Wednesday, July 17th. Citigroup lifted their price objective on Motorola Solutions from $170.00 to $190.00 and gave the stock a “buy” rating in a report on Friday, August 2nd. MKM Partners lifted their price objective on Motorola Solutions to $170.00 in a report on Friday, August 2nd. Finally, Gabelli upgraded Motorola Solutions from a “hold” rating to a “buy” rating in a report on Friday, November 1st. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and nine have issued a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $160.50.
Shares of MSI traded up $2.76 during mid-day trading on Friday, reaching $164.96. The company had a trading volume of 1,168,000 shares, compared to its average volume of 1,048,401. The firm has a 50-day moving average price of $167.76 and a 200 day moving average price of $164.51. Motorola Solutions Inc has a 52 week low of $108.25 and a 52 week high of $182.28. The company has a market capitalization of $26.92 billion, a price-to-earnings ratio of 24.15, a price-to-earnings-growth ratio of 2.69 and a beta of 0.58.
Motorola Solutions (NYSE:MSI) last issued its quarterly earnings results on Wednesday, October 30th. The communications equipment provider reported $2.04 EPS for the quarter, topping analysts’ consensus estimates of $1.95 by $0.09. The firm had revenue of $1.99 billion for the quarter, compared to analysts’ expectations of $1.99 billion. Motorola Solutions had a negative return on equity of 114.01% and a net margin of 13.50%. The business’s revenue for the quarter was up 7.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.94 EPS. On average, research analysts anticipate that Motorola Solutions Inc will post 7.26 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Friday, September 13th were paid a dividend of $0.57 per share. The ex-dividend date of this dividend was Thursday, September 12th. This represents a $2.28 dividend on an annualized basis and a yield of 1.38%. Motorola Solutions’s dividend payout ratio is presently 33.38%.
In related news, Director Lake (Offshore) Aiv Gp Silver sold 5,471,271 shares of the company’s stock in a transaction on Monday, September 9th. The shares were sold at an average price of $175.75, for a total value of $961,575,878.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Chairman Gregory Q. Brown sold 264,635 shares of the company’s stock in a transaction on Monday, August 12th. The stock was sold at an average price of $176.80, for a total transaction of $46,787,468.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 5,815,070 shares of company stock valued at $1,022,249,503. Company insiders own 2.99% of the company’s stock.
Motorola Solutions Company 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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