Parthenon LLC Has $213,000 Position in Motorola Solutions Inc. (MSI)
Parthenon LLC maintained its stake in shares of Motorola Solutions Inc. (NYSE:MSI) during the second quarter, Holdings Channel reports. The fund owned 3,235 shares of the company’s stock at the end of the second quarter. Parthenon LLC’s holdings in Motorola Solutions were worth $213,000 at the end of the most recent quarter.
Other hedge funds have also recently made changes to their positions in the company. Virginia Retirement System bought a new position in shares of Motorola Solutions during the first quarter worth about $2,966,000. Mn Services Vermogensbeheer B.V. bought a new position in shares of Motorola Solutions during the first quarter worth about $262,000. Commonwealth Equity Services Inc increased its position in shares of Motorola Solutions by 7.9% in the first quarter. Commonwealth Equity Services Inc now owns 11,100 shares of the company’s stock worth $840,000 after buying an additional 817 shares during the period. Sanders Morris Harris Inc. bought a new position in shares of Motorola Solutions during the first quarter worth about $353,000. Finally, New Century Investment Management Inc. bought a new position in shares of Motorola Solutions during the first quarter worth about $818,000. 85.38% of the stock is currently owned by hedge funds and other institutional investors.
Motorola Solutions Inc. (NYSE:MSI) traded up 0.69% on Wednesday, reaching $75.73. The company’s stock had a trading volume of 1,268,858 shares. The stock has a market cap of $12.63 billion, a PE ratio of 26.71 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. The company’s 50 day moving average price is $75.82 and its 200-day moving average price is $71.94.
Motorola Solutions (NYSE:MSI) last released its quarterly earnings data on Thursday, August 4th. The company reported $1.03 earnings per share for the quarter, topping the consensus estimate of $0.86 by $0.17. Motorola Solutions had a negative return on equity of 223.77% and a net margin of 9.04%. The business earned $1.40 billion during the quarter, compared to analysts’ expectations of $1.40 billion. During the same quarter last year, the business posted $0.68 EPS. The business’s revenue was up 4.5% on a year-over-year basis. On average, equities analysts expect that Motorola Solutions Inc. will post $4.60 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, October 14th. Stockholders of record on Thursday, September 15th will be given a $0.41 dividend. This represents a $1.64 annualized dividend and a dividend yield of 2.17%. The ex-dividend date is Tuesday, September 13th. Motorola Solutions’s dividend payout ratio is currently 57.54%.
A number of brokerages have weighed in on MSI. Deutsche Bank AG set a $68.00 target price on Motorola Solutions and gave the stock a “hold” rating in a report on Friday, August 5th. Zacks Investment Research upgraded Motorola Solutions from a “hold” rating to a “buy” rating and set a $83.00 target price for the company in a report on Wednesday, August 10th. Jefferies Group reiterated a “hold” rating on shares of Motorola Solutions in a report on Friday, September 2nd. Citigroup Inc. began coverage on Motorola Solutions in a report on Monday, June 20th. They issued a “neutral” rating and a $73.00 target price for the company. Finally, Credit Suisse Group AG reiterated a “buy” rating and issued a $80.00 target price on shares of Motorola Solutions in a report on Friday, August 5th. Ten research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Motorola Solutions currently has an average rating of “Hold” and a consensus target price of $73.13.
In other news, EVP John P. Molloy sold 11,199 shares of the stock in a transaction that occurred on Wednesday, August 10th. The stock was sold at an average price of $74.14, for a total value of $830,293.86. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Bruce W. Brda sold 10,416 shares of the stock in a transaction that occurred 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 completion of the transaction, the executive vice president now directly owns 25,703 shares of the company’s stock, valued at approximately $2,004,576.97. The disclosure for this sale can be found here. 2.55% of the stock is owned by insiders.
About Motorola Solutions
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 Analyst Ratings Network's FREE daily email newsletter.