Motorola Solutions Inc. (MSI) Position Raised by Nisa Investment Advisors LLC
Nisa Investment Advisors LLC raised its position in shares of Motorola Solutions Inc. (NYSE:MSI) by 3.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 93,207 shares of the company’s stock after buying an additional 3,280 shares during the period. Nisa Investment Advisors LLC owned approximately 0.06% of Motorola Solutions worth $7,110,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. BlueMountain Capital Management LLC acquired a new position in shares of Motorola Solutions during the first quarter worth about $100,000. Partners Capital Investment Group LLC increased its position in shares of Motorola Solutions by 12.0% in the second quarter. Partners Capital Investment Group LLC now owns 2,020 shares of the company’s stock worth $133,000 after buying an additional 217 shares during the period. Global X Management Co. LLC increased its position in shares of Motorola Solutions by 141.2% in the second quarter. Global X Management Co. LLC now owns 2,089 shares of the company’s stock worth $138,000 after buying an additional 1,223 shares during the period. Mizuho Asset Management Co. Ltd. increased its position in shares of Motorola Solutions by 28.4% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 2,166 shares of the company’s stock worth $143,000 after buying an additional 479 shares during the period. Finally, Evercore Wealth Management LLC increased its position in shares of Motorola Solutions by 53.0% in the second quarter. Evercore Wealth Management LLC now owns 2,223 shares of the company’s stock worth $147,000 after buying an additional 770 shares during the period. Hedge funds and other institutional investors own 84.05% of the company’s stock.
Motorola Solutions Inc. (NYSE:MSI) traded down 1.04% during mid-day trading on Wednesday, hitting $80.27. The company’s stock had a trading volume of 559,657 shares. The stock has a market cap of $13.32 billion, a P/E ratio of 23.69 and a beta of 0.40. Motorola Solutions Inc. has a 52-week low of $59.13 and a 52-week high of $82.20. The company’s 50 day moving average is $76.26 and its 200-day moving average is $72.68.
Motorola Solutions (NYSE:MSI) last issued its quarterly earnings data on Thursday, November 3rd. The company reported $1.37 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.20 by $0.17. Motorola Solutions had a negative return on equity of 190.73% and a net margin of 10.19%. The company earned $1.53 billion during the quarter, compared to analyst estimates of $1.52 billion. During the same quarter in the previous year, the company posted $0.82 earnings per share. Motorola Solutions’s revenue was up 7.7% compared to the same quarter last year. On average, equities analysts predict that Motorola Solutions Inc. will post $4.77 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 13th. Investors of record on Thursday, December 15th will be issued a $0.47 dividend. The ex-dividend date of this dividend is Tuesday, December 13th. This represents a $1.88 annualized dividend and a dividend yield of 2.32%. This is a positive change from Motorola Solutions’s previous quarterly dividend of $0.41. Motorola Solutions’s payout ratio is presently 48.09%.
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MSI has been the subject of a number of recent analyst reports. Zacks Investment Research upgraded Motorola Solutions from a “hold” rating to a “buy” rating and set a $87.00 price objective for the company in a research note on Tuesday, November 8th. Credit Suisse Group AG reaffirmed a “buy” rating and set a $80.00 price target on shares of Motorola Solutions in a research report on Friday, November 4th. JPMorgan Chase & Co. reaffirmed a “hold” rating and set a $72.00 price target on shares of Motorola Solutions in a research report on Friday, August 5th. Deutsche Bank AG set a $68.00 price target on Motorola Solutions and gave the company a “hold” rating in a research report on Friday, August 5th. Finally, Jefferies Group reaffirmed a “hold” rating on shares of Motorola Solutions in a research report on Friday, September 2nd. Nine analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $75.21.
In related news, EVP Bruce W. Brda sold 10,416 shares of Motorola Solutions stock in a transaction 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 sale, the executive vice president now owns 25,703 shares of the company’s stock, valued at $2,004,576.97. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.55% of the stock is owned by corporate insiders.
Motorola Solutions Company Profile
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.
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