Motorola Solutions, Inc. $MSI Shares Purchased by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. boosted its stake in Motorola Solutions, Inc. (NYSE:MSI) by 466.2% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 295,812 shares of the communications equipment provider’s stock after acquiring an additional 243,563 shares during the period. Assenagon Asset Management S.A.’s holdings in Motorola Solutions were worth $135,272,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the stock. Signature Resources Capital Management LLC purchased a new stake in shares of Motorola Solutions in the 2nd quarter valued at approximately $25,000. Saudi Central Bank acquired a new stake in Motorola Solutions in the 1st quarter valued at approximately $29,000. Whipplewood Advisors LLC raised its position in Motorola Solutions by 289.5% in the second quarter. Whipplewood Advisors LLC now owns 74 shares of the communications equipment provider’s stock valued at $31,000 after purchasing an additional 55 shares during the period. Rossby Financial LCC lifted its stake in Motorola Solutions by 148.6% during the second quarter. Rossby Financial LCC now owns 87 shares of the communications equipment provider’s stock worth $37,000 after purchasing an additional 52 shares in the last quarter. Finally, Twin Peaks Wealth Advisors LLC acquired a new position in Motorola Solutions during the second quarter worth $39,000. Hedge funds and other institutional investors own 84.17% of the company’s stock.

Analyst Ratings Changes

MSI has been the topic of several research analyst reports. Evercore ISI boosted their price objective on Motorola Solutions from $500.00 to $525.00 and gave the company an “outperform” rating in a report on Friday, August 29th. Piper Sandler reaffirmed a “neutral” rating and issued a $465.00 target price (down from $495.00) on shares of Motorola Solutions in a research report on Friday, October 31st. Weiss Ratings reiterated a “hold (c+)” rating on shares of Motorola Solutions in a research note on Monday. Northcoast Research raised shares of Motorola Solutions from a “neutral” rating to a “buy” rating and set a $450.00 price target on the stock in a research report on Monday, December 1st. Finally, Barclays dropped their price objective on shares of Motorola Solutions from $509.00 to $495.00 and set an “overweight” rating for the company in a report on Friday, October 31st. Six research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, Motorola Solutions currently has an average rating of “Moderate Buy” and a consensus price target of $495.00.

Motorola Solutions Stock Performance

Shares of MSI stock opened at $363.92 on Wednesday. The company has a market cap of $60.61 billion, a P/E ratio of 29.21, a PEG ratio of 2.91 and a beta of 0.99. The firm has a fifty day moving average price of $400.91 and a 200 day moving average price of $427.75. The company has a current ratio of 1.03, a quick ratio of 0.86 and a debt-to-equity ratio of 3.59. Motorola Solutions, Inc. has a 12 month low of $359.36 and a 12 month high of $492.22.

Motorola Solutions (NYSE:MSI) last posted its quarterly earnings results on Friday, October 31st. The communications equipment provider reported $4.06 earnings per share for the quarter, beating analysts’ consensus estimates of $3.85 by $0.21. The company had revenue of $3.01 billion for the quarter, compared to analysts’ expectations of $2.99 billion. Motorola Solutions had a return on equity of 118.48% and a net margin of 18.71%.Motorola Solutions’s quarterly revenue was up 7.8% on a year-over-year basis. During the same period last year, the firm earned $3.74 earnings per share. Sell-side analysts predict that Motorola Solutions, Inc. will post 13.55 earnings per share for the current fiscal year.

Motorola Solutions Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 15th. Investors of record on Monday, December 15th will be paid a dividend of $1.21 per share. The ex-dividend date is Monday, December 15th. This is a positive change from Motorola Solutions’s previous quarterly dividend of $0.01. This represents a $4.84 annualized dividend and a yield of 1.3%. Motorola Solutions’s dividend payout ratio (DPR) is presently 38.84%.

Motorola Solutions 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.