AMP Capital Investors Ltd Purchases 25,228 Shares of Motorola Solutions Inc (MSI)
AMP Capital Investors Ltd increased its position in Motorola Solutions Inc (NYSE:MSI) by 59.6% in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 67,533 shares of the communications equipment provider’s stock after acquiring an additional 25,228 shares during the quarter. AMP Capital Investors Ltd’s holdings in Motorola Solutions were worth $7,858,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently made changes to their positions in MSI. Prudential Financial Inc. increased its holdings in Motorola Solutions by 12.6% in the 1st quarter. Prudential Financial Inc. now owns 264,069 shares of the communications equipment provider’s stock worth $27,806,000 after acquiring an additional 29,521 shares during the last quarter. State of Wisconsin Investment Board increased its holdings in Motorola Solutions by 68.3% in the 1st quarter. State of Wisconsin Investment Board now owns 195,551 shares of the communications equipment provider’s stock worth $20,592,000 after acquiring an additional 79,381 shares during the last quarter. Chicago Equity Partners LLC purchased a new stake in Motorola Solutions in the 1st quarter worth about $275,000. Schwab Charles Investment Management Inc. increased its holdings in Motorola Solutions by 4.0% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 699,050 shares of the communications equipment provider’s stock worth $73,610,000 after acquiring an additional 26,593 shares during the last quarter. Finally, MUFG Americas Holdings Corp increased its holdings in Motorola Solutions by 309.2% in the 1st quarter. MUFG Americas Holdings Corp now owns 2,881 shares of the communications equipment provider’s stock worth $303,000 after acquiring an additional 2,177 shares during the last quarter. 86.22% of the stock is owned by institutional investors.
Several equities research analysts recently weighed in on MSI shares. Jefferies Financial Group lifted their price objective on Motorola Solutions to $140.00 and gave the stock a “buy” rating in a report on Monday, July 23rd. Zacks Investment Research raised Motorola Solutions from a “hold” rating to a “buy” rating and set a $137.00 target price for the company in a report on Tuesday, July 24th. JPMorgan Chase & Co. lowered Motorola Solutions from a “neutral” rating to an “underweight” rating in a report on Friday, August 3rd. Credit Suisse Group set a $137.00 target price on Motorola Solutions and gave the company a “buy” rating in a report on Monday, August 20th. Finally, Argus lifted their target price on Motorola Solutions to $140.00 and gave the company a “buy” rating in a report on Tuesday, August 7th. One analyst has rated the stock with a sell rating, two have issued a hold rating and twelve have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $130.23.
Motorola Solutions (NYSE:MSI) last posted its earnings results on Thursday, August 2nd. The communications equipment provider reported $1.46 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.37 by $0.09. The business had revenue of $1.76 billion during the quarter, compared to analyst estimates of $1.72 billion. Motorola Solutions had a negative return on equity of 70.84% and a negative net margin of 0.97%. The company’s quarterly revenue was up 17.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.12 EPS. sell-side analysts expect that Motorola Solutions Inc will post 6.57 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, October 15th. Stockholders of record on Friday, September 14th will be given a dividend of $0.52 per share. The ex-dividend date of this dividend is Thursday, September 13th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 1.65%. Motorola Solutions’s dividend payout ratio (DPR) is presently 40.00%.
In other news, EVP Mark S. Hacker sold 102,628 shares of Motorola Solutions stock in a transaction dated Friday, September 7th. The stock was sold at an average price of $127.01, for a total transaction of $13,034,782.28. Following the completion of the sale, the executive vice president now owns 56,259 shares in the company, valued at approximately $7,145,455.59. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 2.20% of the company’s stock.
About Motorola Solutions
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.
Further Reading: Outstanding Shares and The Effect on Share Price
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