Contravisory Investment Management Inc. boosted its stake in Motorola Solutions, Inc. (NYSE:MSI – Free Report) by 2.4% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 23,981 shares of the communications equipment provider’s stock after purchasing an additional 560 shares during the quarter. Motorola Solutions comprises 1.9% of Contravisory Investment Management Inc.’s investment portfolio, making the stock its 21st biggest position. Contravisory Investment Management Inc.’s holdings in Motorola Solutions were worth $7,033,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Tucker Asset Management LLC acquired a new position in Motorola Solutions in the first quarter valued at about $27,000. Strategic Investment Solutions Inc. IL acquired a new position in Motorola Solutions during the first quarter worth about $35,000. Ruedi Wealth Management Inc. acquired a new position in Motorola Solutions during the fourth quarter worth about $38,000. Eagle Bay Advisors LLC acquired a new position in Motorola Solutions during the second quarter worth about $35,000. Finally, Almanack Investment Partners LLC. acquired a new position in Motorola Solutions during the third quarter worth about $38,000. Institutional investors and hedge funds own 82.37% of the company’s stock.
Wall Street Analyst Weigh In
Several research analysts have commented on the company. Morgan Stanley boosted their target price on Motorola Solutions from $290.00 to $300.00 and gave the stock an “equal weight” rating in a research note on Friday, August 4th. JPMorgan Chase & Co. lowered their target price on Motorola Solutions from $320.00 to $311.00 and set an “overweight” rating for the company in a research note on Monday, August 7th. StockNews.com started coverage on Motorola Solutions in a research note on Thursday, August 17th. They set a “buy” rating for the company. Raymond James boosted their price target on Motorola Solutions from $315.00 to $320.00 and gave the stock an “outperform” rating in a report on Friday, August 4th. Finally, Barclays reduced their price target on Motorola Solutions from $329.00 to $322.00 and set an “overweight” rating on the stock in a report on Friday, August 4th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $309.67.
Insider Activity at Motorola Solutions
In related news, Director Kenneth D. Denman sold 1,000 shares of the company’s stock in a transaction that occurred on Friday, August 11th. The stock was sold at an average price of $284.58, for a total value of $284,580.00. Following the sale, the director now directly owns 8,101 shares in the company, valued at $2,305,382.58. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.50% of the stock is currently owned by company insiders.
Motorola Solutions Trading Up 1.6 %
Shares of NYSE:MSI traded up $4.46 during midday trading on Monday, hitting $287.67. 284,648 shares of the stock were exchanged, compared to its average volume of 736,451. The business’s 50-day moving average price is $285.37 and its 200 day moving average price is $283.49. Motorola Solutions, Inc. has a 12 month low of $212.76 and a 12 month high of $299.43. The stock has a market capitalization of $48.04 billion, a price-to-earnings ratio of 32.11, a P/E/G ratio of 3.03 and a beta of 0.92. The company has a debt-to-equity ratio of 17.14, a quick ratio of 0.96 and a current ratio of 1.23.
Motorola Solutions (NYSE:MSI – Get Free Report) last announced its earnings results on Thursday, August 3rd. The communications equipment provider reported $2.65 EPS for the quarter, beating the consensus estimate of $2.51 by $0.14. Motorola Solutions had a return on equity of 2,157.02% and a net margin of 15.72%. The business had revenue of $2.40 billion for the quarter, compared to analysts’ expectations of $2.36 billion. During the same period in the prior year, the business posted $1.87 earnings per share. The firm’s revenue was up 12.3% on a year-over-year basis. Analysts predict that Motorola Solutions, Inc. will post 10.44 earnings per share for the current year.
Motorola Solutions Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, October 13th. Investors of record on Friday, September 15th will be issued a $0.88 dividend. This represents a $3.52 annualized dividend and a yield of 1.22%. The ex-dividend date of this dividend is Thursday, September 14th. Motorola Solutions’s payout ratio is presently 39.91%.
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.
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