Mizuho Asset Management Co. Ltd. boosted its stake in Motorola Solutions Inc. (NYSE:MSI) by 28.4% during the second quarter, Holdings Channel reports. The fund owned 2,166 shares of the company’s stock after buying an additional 479 shares during the period. Mizuho Asset Management Co. Ltd.’s holdings in Motorola Solutions were worth $143,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in Motorola Solutions by 26.3% in the second quarter. Vanguard Group Inc. now owns 12,381,540 shares of the company’s stock valued at $816,811,000 after buying an additional 2,580,735 shares during the last quarter. Orbis Allan Gray Ltd purchased a new position in Motorola Solutions during the first quarter valued at approximately $775,375,000. State Street Corp increased its position in Motorola Solutions by 2.0% in the first quarter. State Street Corp now owns 6,792,822 shares of the company’s stock valued at $514,204,000 after buying an additional 131,999 shares during the last quarter. Parnassus Investments CA increased its position in Motorola Solutions by 3.6% in the second quarter. Parnassus Investments CA now owns 6,091,115 shares of the company’s stock valued at $401,831,000 after buying an additional 209,447 shares during the last quarter. Finally, Wellington Management Group LLP increased its position in Motorola Solutions by 71.3% in the first quarter. Wellington Management Group LLP now owns 6,059,781 shares of the company’s stock valued at $458,726,000 after buying an additional 2,521,249 shares during the last quarter. Institutional investors own 85.38% of the company’s stock.
Shares of Motorola Solutions Inc. (NYSE:MSI) traded down 0.45% during trading on Monday, hitting $75.77. The stock had a trading volume of 37,788 shares. The stock’s 50-day moving average is $76.19 and its 200-day moving average is $72.01. The stock has a market cap of $12.63 billion, a price-to-earnings ratio of 26.73 and a beta of 0.45. Motorola Solutions Inc. has a 12-month low of $59.13 and a 12-month high of $78.99.
Motorola Solutions (NYSE:MSI) last announced its quarterly earnings data on Thursday, August 4th. The company reported $1.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.86 by $0.17. The business had revenue of $1.40 billion for the quarter, compared to analysts’ expectations of $1.40 billion. Motorola Solutions had a negative return on equity of 223.77% and a net margin of 9.04%. The company’s revenue for the quarter was up 4.5% compared to the same quarter last year. During the same period last year, the firm earned $0.68 earnings per share. On average, equities research analysts expect that Motorola Solutions Inc. will post $4.60 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 14th. Stockholders of record on Thursday, September 15th will be paid a $0.41 dividend. This represents a $1.64 annualized dividend and a dividend yield of 2.15%. The ex-dividend date of this dividend is Tuesday, September 13th. Motorola Solutions’s payout ratio is currently 57.54%.
MSI has been the topic of a number of analyst reports. Goldman Sachs Group Inc. upgraded Motorola Solutions from a “neutral” rating to a “buy” rating and set a $81.00 price target on the stock in a report on Thursday, June 30th. BMO Capital Markets reiterated a “market perform” rating and issued a $72.00 price target on shares of Motorola Solutions in a report on Thursday, August 18th. JPMorgan Chase & Co. reiterated a “hold” rating and issued a $72.00 price target on shares of Motorola Solutions in a report on Friday, August 5th. Credit Suisse Group AG reiterated a “buy” rating and issued a $80.00 price target on shares of Motorola Solutions in a report on Friday, August 5th. Finally, Citigroup Inc. initiated coverage on Motorola Solutions in a report on Monday, June 20th. They issued a “neutral” rating and a $73.00 price target on the stock. Ten investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $73.13.
In related news, EVP Bruce W. Brda sold 10,416 shares of the stock in a transaction on Tuesday, September 6th. The stock was sold at an average price of $77.99, for a total value of $812,343.84. Following the transaction, the executive vice president now owns 25,703 shares of the company’s stock, valued at $2,004,576.97. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Mark S. Hacker sold 4,620 shares of the stock in a transaction on Wednesday, August 24th. The shares were sold at an average price of $76.94, for a total value of $355,462.80. Following the completion of the transaction, the executive vice president now directly owns 15,741 shares in the company, valued at approximately $1,211,112.54. The disclosure for this sale can be found here. 2.55% of the stock is owned by insiders.
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. Its Products segment offers a portfolio of infrastructure, devices, accessories and software. The Products segment has two product lines, including Devices and Systems.
Want to see what other hedge funds are holding MSI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Motorola Solutions Inc. (NYSE:MSI).
Receive News & Ratings for Motorola Solutions Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Motorola Solutions Inc. and related companies with MarketBeat.com's FREE daily email newsletter.