Victory Capital Management Inc. raised its position in shares of Motorola Solutions Inc (NYSE:MSI) by 0.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,721,216 shares of the communications equipment provider’s stock after acquiring an additional 13,594 shares during the quarter. Motorola Solutions makes up about 0.5% of Victory Capital Management Inc.’s holdings, making the stock its 29th largest holding. Victory Capital Management Inc. owned 1.05% of Motorola Solutions worth $198,008,000 at the end of the most recent reporting period.
Several other hedge funds also recently bought and sold shares of the company. BlackRock Inc. grew its position in Motorola Solutions by 4.4% in the third quarter. BlackRock Inc. now owns 18,540,588 shares of the communications equipment provider’s stock worth $2,412,874,000 after acquiring an additional 780,270 shares during the period. TIAA CREF Investment Management LLC raised its stake in shares of Motorola Solutions by 19.6% in the third quarter. TIAA CREF Investment Management LLC now owns 2,283,035 shares of the communications equipment provider’s stock valued at $297,114,000 after acquiring an additional 374,328 shares in the last quarter. Hexavest Inc. acquired a new stake in shares of Motorola Solutions in the fourth quarter valued at $40,940,000. Ceredex Value Advisors LLC raised its stake in shares of Motorola Solutions by 48.2% in the third quarter. Ceredex Value Advisors LLC now owns 992,562 shares of the communications equipment provider’s stock valued at $129,672,000 after acquiring an additional 322,712 shares in the last quarter. Finally, Janus Henderson Group PLC raised its stake in shares of Motorola Solutions by 163.6% in the third quarter. Janus Henderson Group PLC now owns 472,893 shares of the communications equipment provider’s stock valued at $61,542,000 after acquiring an additional 293,516 shares in the last quarter. Institutional investors and hedge funds own 88.29% of the company’s stock.
In related news, SVP Rajan Naik sold 14,606 shares of the firm’s stock in a transaction dated Monday, November 26th. The stock was sold at an average price of $127.00, for a total transaction of $1,854,962.00. Following the transaction, the senior vice president now owns 10,544 shares of the company’s stock, valued at $1,339,088. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 2.20% of the company’s stock.
MSI has been the topic of a number of analyst reports. Gabelli cut Motorola Solutions from a “buy” rating to a “hold” rating in a research note on Monday, November 5th. They noted that the move was a valuation call. Zacks Investment Research cut Motorola Solutions from a “buy” rating to a “hold” rating in a research report on Tuesday, November 27th. JPMorgan Chase & Co. cut their target price on Motorola Solutions from $130.00 to $126.00 and set a “sell” rating on the stock in a research report on Friday, November 2nd. Raymond James set a $139.00 target price on Motorola Solutions and gave the stock a “buy” rating in a research report on Friday. Finally, Credit Suisse Group cut their target price on Motorola Solutions from $137.00 to $134.00 and set an “outperform” rating on the stock in a research report on Tuesday, January 8th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and eleven have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $129.88.
Shares of NYSE MSI traded up $3.75 during midday trading on Tuesday, reaching $137.93. 17,529 shares of the company were exchanged, compared to its average volume of 1,212,607. Motorola Solutions Inc has a 1 year low of $99.64 and a 1 year high of $136.78. The firm has a market cap of $22.09 billion, a P/E ratio of 20.15, a P/E/G ratio of 1.89 and a beta of 0.53.
Motorola Solutions (NYSE:MSI) last released its quarterly earnings results on Thursday, February 7th. The communications equipment provider reported $2.63 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.41 by $0.22. Motorola Solutions had a negative return on equity of 82.33% and a net margin of 13.17%. The firm had revenue of $2.25 billion for the quarter, compared to analyst estimates of $2.22 billion. During the same quarter last year, the company posted $2.10 earnings per share. The business’s revenue was up 15.2% on a year-over-year basis. On average, equities analysts forecast that Motorola Solutions Inc will post 7.29 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Tuesday, January 15th. Investors of record on Friday, December 14th were issued a dividend of $0.57 per share. The ex-dividend date was Thursday, December 13th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 1.65%. This is a positive change from Motorola Solutions’s previous quarterly dividend of $0.52. Motorola Solutions’s dividend payout ratio (DPR) is currently 33.38%.
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Motorola Solutions Company Profile
Motorola Solutions, Inc, together with its subsidiaries, provides mission-critical communication infrastructure, devices, accessories, software, and services in the United States, the United Kingdom, and internationally. The company operates in two segments, Products and Services. The Products segment offers a portfolio of infrastructure, devices, accessories, and software for government, public safety and first-responder agencies, municipalities, and commercial and industrial customers.
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