Steward Partners Investment Advisory LLC Purchases 2,739 Shares of Motorola Solutions Inc (NYSE:MSI)

Steward Partners Investment Advisory LLC boosted its position in Motorola Solutions Inc (NYSE:MSI) by 6.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 46,183 shares of the communications equipment provider’s stock after acquiring an additional 2,739 shares during the period. Steward Partners Investment Advisory LLC’s holdings in Motorola Solutions were worth $7,700,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in MSI. FMR LLC boosted its holdings in Motorola Solutions by 889.0% in the fourth quarter. FMR LLC now owns 1,326,004 shares of the communications equipment provider’s stock worth $152,543,000 after acquiring an additional 1,191,924 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Motorola Solutions by 12.3% in the fourth quarter. Geode Capital Management LLC now owns 2,456,130 shares of the communications equipment provider’s stock worth $282,258,000 after acquiring an additional 269,031 shares in the last quarter. California Public Employees Retirement System boosted its holdings in Motorola Solutions by 20.2% in the first quarter. California Public Employees Retirement System now owns 1,067,556 shares of the communications equipment provider’s stock worth $149,906,000 after acquiring an additional 179,257 shares in the last quarter. Janus Henderson Group PLC boosted its holdings in Motorola Solutions by 14.5% in the first quarter. Janus Henderson Group PLC now owns 1,401,921 shares of the communications equipment provider’s stock worth $196,858,000 after acquiring an additional 177,368 shares in the last quarter. Finally, Westwood Holdings Group Inc. boosted its holdings in Motorola Solutions by 28.9% in the first quarter. Westwood Holdings Group Inc. now owns 742,486 shares of the communications equipment provider’s stock worth $104,260,000 after acquiring an additional 166,465 shares in the last quarter. Institutional investors and hedge funds own 85.41% of the company’s stock.

Shares of Motorola Solutions stock traded up $2.83 on Tuesday, hitting $171.56. The company had a trading volume of 14,431 shares, compared to its average volume of 799,720. The firm has a market capitalization of $28.03 billion, a PE ratio of 25.11, a price-to-earnings-growth ratio of 3.00 and a beta of 0.56. The stock’s 50 day simple moving average is $168.54. Motorola Solutions Inc has a 1 year low of $108.25 and a 1 year high of $173.44.

Motorola Solutions (NYSE:MSI) last issued its quarterly earnings results on Thursday, August 1st. The communications equipment provider reported $1.69 EPS for the quarter, beating the Zacks’ consensus estimate of $1.52 by $0.17. The company had revenue of $1.86 billion during the quarter, compared to the consensus estimate of $1.84 billion. Motorola Solutions had a negative return on equity of 104.51% and a net margin of 13.47%. Motorola Solutions’s revenue was up 5.7% on a year-over-year basis. During the same period last year, the business posted $1.46 earnings per share. As a group, analysts predict that Motorola Solutions Inc will post 7.41 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Monday, July 15th. Investors of record on Friday, June 14th were given a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a dividend yield of 1.33%. The ex-dividend date of this dividend was Thursday, June 13th. Motorola Solutions’s payout ratio is 33.38%.

Several brokerages have recently commented on MSI. JPMorgan Chase & Co. increased their price objective on Motorola Solutions from $136.00 to $150.00 and gave the stock an “underweight” rating in a research note on Wednesday, July 24th. Argus increased their price objective on Motorola Solutions from $165.00 to $190.00 and gave the stock a “buy” rating in a research note on Wednesday, July 17th. Northcoast Research downgraded Motorola Solutions from a “buy” rating to a “neutral” rating and set a $171.53 price objective for the company. in a research note on Wednesday, July 17th. Zacks Investment Research downgraded Motorola Solutions from a “buy” rating to a “hold” rating and set a $177.00 price objective for the company. in a research note on Wednesday, July 3rd. Finally, Raymond James increased their price objective on Motorola Solutions from $160.00 to $182.00 and gave the stock an “outperform” rating in a research note on Friday. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and nine have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $155.16.

In related news, EVP John P. Molloy sold 165,852 shares of the stock in a transaction that occurred on Monday, June 10th. The stock was sold at an average price of $162.06, for a total transaction of $26,877,975.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Gino A. Bonanotte sold 49,554 shares of the stock in a transaction that occurred on Tuesday, June 4th. The shares were sold at an average price of $156.86, for a total value of $7,773,040.44. The disclosure for this sale can be found here. Insiders have sold 238,714 shares of company stock valued at $38,082,321 over the last ninety days. 2.99% of the stock is currently owned by company insiders.

Motorola Solutions Profile

Motorola Solutions, Inc provides mission-critical communication solutions the United States, the United Kingdom, Canada, and internationally. The company operates in two segments, Products and Systems Integration, and Services and Software. The Products and Systems Integration segment offers a portfolio of infrastructure, devices, accessories, and video solutions, as well as the implementation, optimization, and integration of networks, devices, software, and applications for government, public safety and first-responder agencies, municipalities, and commercial and industrial customers.

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Institutional Ownership by Quarter for Motorola Solutions (NYSE:MSI)

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