Steward Partners Investment Advisory LLC Raises Holdings in Motorola Solutions Inc (MSI)

Steward Partners Investment Advisory LLC raised its position in Motorola Solutions Inc (NYSE:MSI) by 34.3% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 20,266 shares of the communications equipment provider’s stock after acquiring an additional 5,181 shares during the period. Steward Partners Investment Advisory LLC’s holdings in Motorola Solutions were worth $2,638,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the business. BlackRock Inc. raised its holdings in Motorola Solutions by 13.1% during the 2nd quarter. BlackRock Inc. now owns 17,760,318 shares of the communications equipment provider’s stock valued at $2,066,771,000 after acquiring an additional 2,060,565 shares during the period. OppenheimerFunds Inc. raised its holdings in Motorola Solutions by 16.4% during the 2nd quarter. OppenheimerFunds Inc. now owns 4,231,955 shares of the communications equipment provider’s stock valued at $492,472,000 after acquiring an additional 596,941 shares during the period. Voya Investment Management LLC raised its stake in shares of Motorola Solutions by 171.3% during the 2nd quarter. Voya Investment Management LLC now owns 2,509,657 shares of the communications equipment provider’s stock valued at $292,049,000 after purchasing an additional 1,584,672 shares during the period. Wells Fargo & Company MN raised its stake in shares of Motorola Solutions by 32.6% during the 2nd quarter. Wells Fargo & Company MN now owns 2,365,975 shares of the communications equipment provider’s stock valued at $275,329,000 after purchasing an additional 581,645 shares during the period. Finally, Artisan Partners Limited Partnership raised its stake in shares of Motorola Solutions by 6.9% during the 2nd quarter. Artisan Partners Limited Partnership now owns 2,044,591 shares of the communications equipment provider’s stock valued at $237,929,000 after purchasing an additional 132,180 shares during the period. Hedge funds and other institutional investors own 86.40% of the company’s stock.

A number of analysts recently issued reports on the company. Zacks Investment Research lowered Motorola Solutions from a “buy” rating to a “hold” rating in a research note on Wednesday, August 8th. Cowen upgraded Motorola Solutions from a “market perform” rating to an “outperform” rating and set a $138.00 price target on the stock in a research report on Wednesday, July 11th. Citigroup upped their price target on Motorola Solutions from $130.00 to $146.00 and gave the company a “buy” rating in a research report on Tuesday, September 25th. Credit Suisse Group set a $129.00 price target on Motorola Solutions and gave the company a “buy” rating in a research report on Tuesday, July 17th. Finally, Argus upped their price target on Motorola Solutions to $140.00 and gave the company a “buy” rating in a research report on Tuesday, August 7th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and ten have assigned a buy rating to the company’s stock. Motorola Solutions currently has a consensus rating of “Buy” and a consensus target price of $131.85.



In other news, EVP Mark S. Hacker sold 102,628 shares of the stock in a transaction on Friday, September 7th. The shares were sold at an average price of $127.01, for a total value of $13,034,782.28. Following the transaction, the executive vice president now owns 56,259 shares of the company’s stock, valued at approximately $7,145,455.59. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP John P. Molloy sold 152,871 shares of the stock in a transaction on Wednesday, September 12th. The stock was sold at an average price of $125.92, for a total transaction of $19,249,516.32. Following the completion of the transaction, the executive vice president now directly owns 23,127 shares in the company, valued at approximately $2,912,151.84. The disclosure for this sale can be found here. Insiders sold a total of 649,479 shares of company stock worth $82,082,428 over the last 90 days. Corporate insiders own 2.20% of the company’s stock.

Motorola Solutions stock opened at $121.62 on Friday. The firm has a market capitalization of $19.96 billion, a PE ratio of 23.39, a PEG ratio of 1.95 and a beta of 0.41. Motorola Solutions Inc has a fifty-two week low of $89.18 and a fifty-two week high of $131.48. The company has a current ratio of 1.23, a quick ratio of 1.09 and a debt-to-equity ratio of -3.55.

Motorola Solutions (NYSE:MSI) last released its quarterly earnings results on Thursday, August 2nd. The communications equipment provider reported $1.46 earnings per share for the quarter, topping the consensus estimate of $1.37 by $0.09. The firm had revenue of $1.76 billion for the quarter, compared to analysts’ expectations of $1.72 billion. Motorola Solutions had a negative net margin of 0.97% and a negative return on equity of 70.84%. The business’s quarterly revenue was up 17.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.12 earnings per share. As a group, sell-side analysts anticipate that Motorola Solutions Inc will post 6.57 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Monday, October 15th. Shareholders of record on Friday, September 14th were paid a $0.52 dividend. The ex-dividend date of this dividend was Thursday, September 13th. This represents a $2.08 dividend on an annualized basis and a yield of 1.71%. Motorola Solutions’s dividend payout ratio is currently 40.00%.

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.

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

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