MML Investors Services LLC Acquires Shares of 2,733 Motorola Solutions, Inc. (MSI)
MML Investors Services LLC bought a new position in Motorola Solutions, Inc. (NYSE:MSI) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 2,733 shares of the communications equipment provider’s stock, valued at approximately $237,000.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Acrospire Investment Management LLC lifted its position in shares of Motorola Solutions by 33.3% during the second quarter. Acrospire Investment Management LLC now owns 1,200 shares of the communications equipment provider’s stock worth $104,000 after purchasing an additional 300 shares in the last quarter. Iat Reinsurance Co. LTD. bought a new position in Motorola Solutions in the 1st quarter worth approximately $123,000. Exane Derivatives raised its position in Motorola Solutions by 163.6% in the 2nd quarter. Exane Derivatives now owns 1,613 shares of the communications equipment provider’s stock worth $140,000 after purchasing an additional 1,001 shares during the last quarter. Smithfield Trust Co. raised its position in Motorola Solutions by 2.7% in the 2nd quarter. Smithfield Trust Co. now owns 2,003 shares of the communications equipment provider’s stock worth $173,000 after purchasing an additional 53 shares during the last quarter. Finally, King Luther Capital Management Corp bought a new position in Motorola Solutions in the 1st quarter worth approximately $206,000. 87.68% of the stock is owned by institutional investors.
Motorola Solutions, Inc. (NYSE MSI) opened at 85.69 on Wednesday. Motorola Solutions, Inc. has a 1-year low of $71.24 and a 1-year high of $93.75. The firm has a market cap of $13.94 billion, a price-to-earnings ratio of 22.60 and a beta of 0.31. The firm has a 50-day moving average price of $86.09 and a 200 day moving average price of $86.05.
Motorola Solutions (NYSE:MSI) last released its quarterly earnings results on Thursday, August 3rd. The communications equipment provider reported $1.06 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.99 by $0.07. The firm had revenue of $1.50 billion during the quarter, compared to the consensus estimate of $1.46 billion. Motorola Solutions had a net margin of 10.38% and a negative return on equity of 93.44%. The company’s revenue for the quarter was up 4.7% on a year-over-year basis. During the same quarter last year, the firm earned $1.03 earnings per share. Equities analysts predict that Motorola Solutions, Inc. will post $5.29 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 13th. Investors of record on Friday, September 15th will be paid a $0.47 dividend. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $1.88 annualized dividend and a dividend yield of 2.19%. Motorola Solutions’s dividend payout ratio is 49.60%.
A number of research analysts have commented on the company. Cowen and Company reiterated a “market perform” rating and issued a $83.00 price objective (up from $75.00) on shares of Motorola Solutions in a research report on Wednesday, August 9th. Zacks Investment Research raised Motorola Solutions from a “sell” rating to a “hold” rating and set a $99.00 target price for the company in a research note on Tuesday, August 8th. Deutsche Bank AG boosted their target price on Motorola Solutions from $73.00 to $78.00 and gave the stock a “hold” rating in a research report on Monday, August 7th. Jefferies Group LLC restated a “buy” rating and set a $105.00 target price (up previously from $100.00) on shares of Motorola Solutions in a research report on Wednesday, August 9th. Finally, BMO Capital Markets reaffirmed a “buy” rating on shares of Motorola Solutions in a research note on Friday, June 23rd. Four investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Motorola Solutions currently has an average rating of “Buy” and a consensus price target of $94.08.
In related news, EVP Bruce W. Brda sold 25,299 shares of the firm’s stock in a transaction on Monday, August 7th. The stock was sold at an average price of $89.11, for a total transaction of $2,254,393.89. Following the completion of the transaction, the executive vice president now directly owns 23,829 shares of the company’s stock, valued at approximately $2,123,402.19. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Eduardo F. Conrado sold 6,998 shares of the firm’s stock in a transaction on Tuesday, August 8th. The stock was sold at an average price of $89.13, for a total value of $623,731.74. Following the transaction, the executive vice president now directly owns 22,858 shares of the company’s stock, valued at $2,037,333.54. The disclosure for this sale can be found here. Insiders own 2.50% of the company’s stock.
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. The Company’s Products segment offers a portfolio of infrastructure, devices, accessories and software. The Products segment has two product lines: Devices and Systems.
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