Advantus Capital Management Inc lowered its position in Motorola Solutions, Inc. (NYSE:MSI) by 1.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 16,494 shares of the communications equipment provider’s stock after selling 161 shares during the period. Advantus Capital Management Inc’s holdings in Motorola Solutions were worth $1,422,000 as of its most recent SEC filing.
A number of other hedge funds have also recently bought and sold shares of the stock. OppenheimerFunds Inc. increased its stake in shares of Motorola Solutions by 7.9% in the first quarter. OppenheimerFunds Inc. now owns 8,907 shares of the communications equipment provider’s stock valued at $768,000 after buying an additional 650 shares in the last quarter. AXA increased its position in Motorola Solutions by 55.3% in the first quarter. AXA now owns 498,882 shares of the communications equipment provider’s stock valued at $43,014,000 after buying an additional 177,592 shares during the period. Spark Investment Management LLC acquired a new position in Motorola Solutions during the first quarter valued at $1,870,000. Artisan Partners Limited Partnership increased its position in Motorola Solutions by 5.6% in the first quarter. Artisan Partners Limited Partnership now owns 2,215,956 shares of the communications equipment provider’s stock valued at $191,060,000 after buying an additional 118,031 shares during the period. Finally, Cibc World Markets Corp increased its position in Motorola Solutions by 47.8% in the first quarter. Cibc World Markets Corp now owns 18,085 shares of the communications equipment provider’s stock valued at $1,559,000 after buying an additional 5,846 shares during the period. 87.69% of the stock is currently owned by institutional investors.
Motorola Solutions, Inc. (NYSE:MSI) traded down 0.41% during midday trading on Tuesday, hitting $85.85. The stock had a trading volume of 311,751 shares. The company has a market cap of $14.03 billion, a price-to-earnings ratio of 23.74 and a beta of 0.30. Motorola Solutions, Inc. has a 1-year low of $62.76 and a 1-year high of $87.97. The company’s 50 day moving average is $84.59 and its 200 day moving average is $82.98.
Motorola Solutions (NYSE:MSI) last announced its quarterly earnings data on Thursday, May 4th. The communications equipment provider reported $0.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.50 by $0.14. The business had revenue of $1.28 billion for the quarter, compared to analysts’ expectations of $1.25 billion. Motorola Solutions had a net margin of 10.10% and a negative return on equity of 102.32%. The firm’s quarterly revenue was up 7.4% compared to the same quarter last year. During the same period last year, the firm posted $0.52 earnings per share. On average, equities analysts anticipate that Motorola Solutions, Inc. will post $5.20 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, July 14th. Shareholders of record on Thursday, June 15th will be paid a dividend of $0.47 per share. The ex-dividend date is Tuesday, June 13th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.18%. Motorola Solutions’s payout ratio is presently 51.93%.
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A number of equities analysts have recently commented on MSI shares. BMO Capital Markets restated a “buy” rating and issued a $95.00 price objective on shares of Motorola Solutions in a report on Tuesday, March 21st. Jefferies Group LLC upgraded Motorola Solutions from a “hold” rating to a “buy” rating and increased their target price for the company from $75.00 to $100.00 in a research note on Tuesday, March 21st. Citigroup Inc. reiterated a “buy” rating and issued a $102.00 target price (up previously from $93.00) on shares of Motorola Solutions in a research report on Friday, May 5th. Cowen and Company cut their price target on Motorola Solutions from $77.00 to $75.00 and set a “market perform” rating on the stock in a report on Friday, May 5th. Finally, Credit Suisse Group raised their price target on Motorola Solutions from $90.00 to $95.00 and gave the stock an “outperform” rating in a report on Friday, May 5th. Five equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $90.15.
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. 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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