GAMMA Investing LLC Boosts Holdings in Motorola Solutions, Inc. (NYSE:MSI)

GAMMA Investing LLC boosted its holdings in Motorola Solutions, Inc. (NYSE:MSI) by 45.1% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,511 shares of the communications equipment provider’s stock after acquiring an additional 470 shares during the period. GAMMA Investing LLC’s holdings in Motorola Solutions were worth $583,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the business. Norges Bank acquired a new position in Motorola Solutions in the fourth quarter valued at about $646,341,000. Alphinity Investment Management Pty Ltd purchased a new position in shares of Motorola Solutions during the 4th quarter worth approximately $339,283,000. Groupama Asset Managment acquired a new stake in Motorola Solutions in the 4th quarter valued at approximately $178,361,000. Janus Henderson Group PLC increased its holdings in Motorola Solutions by 1,477.3% in the 1st quarter. Janus Henderson Group PLC now owns 358,206 shares of the communications equipment provider’s stock valued at $127,149,000 after purchasing an additional 335,496 shares during the last quarter. Finally, Swedbank AB purchased a new stake in Motorola Solutions in the first quarter valued at approximately $115,135,000. 84.17% of the stock is currently owned by hedge funds and other institutional investors.

Motorola Solutions Stock Up 2.9 %

NYSE MSI traded up $11.72 on Friday, hitting $410.30. 1,293,684 shares of the stock were exchanged, compared to its average volume of 596,837. Motorola Solutions, Inc. has a fifty-two week low of $269.64 and a fifty-two week high of $410.67. The company has a 50-day moving average price of $384.10 and a 200-day moving average price of $356.35. The company has a quick ratio of 1.01, a current ratio of 1.19 and a debt-to-equity ratio of 11.16. The company has a market cap of $68.44 billion, a PE ratio of 50.72, a PEG ratio of 3.48 and a beta of 0.94.

Motorola Solutions (NYSE:MSI) last issued its earnings results on Thursday, May 2nd. The communications equipment provider reported $2.56 EPS for the quarter, topping analysts’ consensus estimates of $2.27 by $0.29. The firm had revenue of $2.39 billion during the quarter, compared to the consensus estimate of $2.34 billion. Motorola Solutions had a net margin of 14.04% and a return on equity of 378.15%. Sell-side analysts anticipate that Motorola Solutions, Inc. will post 12.09 EPS for the current fiscal year.

Motorola Solutions Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, July 15th. Investors of record on Friday, June 14th were issued a $0.98 dividend. This represents a $3.92 dividend on an annualized basis and a yield of 0.96%. The ex-dividend date was Friday, June 14th. Motorola Solutions’s dividend payout ratio (DPR) is 48.45%.

Insider Buying and Selling at Motorola Solutions

In other news, CAO Katherine A. Maher sold 2,615 shares of the business’s stock in a transaction that occurred on Tuesday, May 7th. The shares were sold at an average price of $354.68, for a total transaction of $927,488.20. Following the completion of the sale, the chief accounting officer now owns 1,138 shares in the company, valued at approximately $403,625.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other Motorola Solutions news, CAO Katherine A. Maher sold 2,615 shares of Motorola Solutions stock in a transaction that occurred on Tuesday, May 7th. The stock was sold at an average price of $354.68, for a total transaction of $927,488.20. Following the transaction, the chief accounting officer now owns 1,138 shares of the company’s stock, valued at $403,625.84. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, SVP James A. Niewiara sold 810 shares of the firm’s stock in a transaction that occurred on Tuesday, May 7th. The stock was sold at an average price of $358.09, for a total transaction of $290,052.90. Following the transaction, the senior vice president now owns 12,986 shares in the company, valued at $4,650,156.74. The disclosure for this sale can be found here. Insiders have sold 9,389 shares of company stock worth $3,446,461 over the last three months. Insiders own 1.50% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on MSI shares. Barclays lifted their price objective on Motorola Solutions from $372.00 to $467.00 and gave the company an “overweight” rating in a research note on Friday. Bank of America boosted their price target on shares of Motorola Solutions from $370.00 to $440.00 and gave the stock a “buy” rating in a research note on Thursday, July 18th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Motorola Solutions from $375.00 to $385.00 and gave the company a “buy” rating in a research note on Monday, June 3rd. Finally, JPMorgan Chase & Co. increased their target price on shares of Motorola Solutions from $436.00 to $440.00 and gave the stock an “overweight” rating in a report on Friday. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, Motorola Solutions currently has an average rating of “Moderate Buy” and an average target price of $393.14.

Motorola Solutions Company Profile

Motorola Solutions, Inc provides public safety and enterprise security solutions in the United States, the United Kingdom, Canada, and internationally. The company operates in two segments, Products and Systems Integration, and Software and Services. The Products and Systems Integration segment offers a portfolio of infrastructure, devices, accessories, and video security devices and infrastructure, as well as the implementation and integration of systems, devices, software, and applications for government, public safety, and commercial customers who operate private communications networks and video security solutions, as well as manage a mobile workforce.