State Street Corp increased its position in shares of Motorola Solutions, Inc. (NYSE:MSI) by 1.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,598,871 shares of the communications equipment provider’s stock after buying an additional 114,685 shares during the period. State Street Corp owned approximately 4.65% of Motorola Solutions worth $655,179,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Intellectus Partners LLC bought a new position in shares of Motorola Solutions during the fourth quarter worth approximately $369,000. Silvercrest Asset Management Group LLC raised its position in shares of Motorola Solutions by 0.9% in the fourth quarter. Silvercrest Asset Management Group LLC now owns 6,961 shares of the communications equipment provider’s stock worth $577,000 after buying an additional 62 shares in the last quarter. A.R.T. Advisors LLC bought a new position in shares of Motorola Solutions during the fourth quarter worth approximately $2,352,000. Zurich Insurance Group Ltd FI raised its position in shares of Motorola Solutions by 22.9% in the fourth quarter. Zurich Insurance Group Ltd FI now owns 28,810 shares of the communications equipment provider’s stock worth $2,388,000 after buying an additional 5,371 shares in the last quarter. Finally, Pacad Investment Ltd. raised its position in shares of Motorola Solutions by 7.3% in the fourth quarter. Pacad Investment Ltd. now owns 8,904 shares of the communications equipment provider’s stock worth $738,000 after buying an additional 604 shares in the last quarter. 87.69% of the stock is currently owned by institutional investors and hedge funds.
Shares of Motorola Solutions, Inc. (NYSE:MSI) traded up 1.75% during mid-day trading on Monday, hitting $86.20. The company’s stock had a trading volume of 782,975 shares. Motorola Solutions, Inc. has a 1-year low of $62.76 and a 1-year high of $87.97. The company has a market cap of $14.09 billion, a price-to-earnings ratio of 23.83 and a beta of 0.30. The company has a 50-day moving average of $84.58 and a 200 day moving average of $82.90.
Motorola Solutions (NYSE:MSI) last released its earnings results on Thursday, May 4th. The communications equipment provider reported $0.64 earnings per share for the quarter, topping the consensus estimate of $0.50 by $0.14. Motorola Solutions had a negative return on equity of 102.32% and a net margin of 10.10%. The firm had revenue of $1.28 billion during the quarter, compared to analysts’ expectations of $1.25 billion. During the same period in the prior year, the company earned $0.52 earnings per share. The company’s quarterly revenue was up 7.4% on a year-over-year basis. On average, analysts expect that Motorola Solutions, Inc. will post $5.20 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, July 14th. Stockholders of record on Thursday, June 15th will be paid a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.18%. The ex-dividend date of this dividend is Tuesday, June 13th. Motorola Solutions’s payout ratio is 51.93%.
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MSI has been the topic of a number of research analyst reports. Zacks Investment Research lowered Motorola Solutions from a “buy” rating to a “hold” rating in a report on Tuesday, June 6th. Citigroup Inc. reaffirmed a “buy” rating and issued a $102.00 target price (up previously from $93.00) on shares of Motorola Solutions in a report on Friday, May 5th. MKM Partners reaffirmed a “neutral” rating and issued a $83.00 target price (up previously from $76.00) on shares of Motorola Solutions in a report on Monday, May 8th. Deutsche Bank AG raised their target price on Motorola Solutions from $70.00 to $73.00 and gave the company a “hold” rating in a report on Monday, May 8th. Finally, Credit Suisse Group raised their target price on Motorola Solutions from $90.00 to $95.00 and gave the company an “outperform” rating in a report on Friday, May 5th. Five investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $90.15.
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.
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