Motorola Solutions, Inc. (MSI) Holdings Lifted by Lazard Asset Management LLC
Lazard Asset Management LLC grew its position in Motorola Solutions, Inc. (NYSE:MSI) by 6.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,589,218 shares of the communications equipment provider’s stock after buying an additional 600,229 shares during the quarter. Motorola Solutions makes up approximately 1.7% of Lazard Asset Management LLC’s portfolio, making the stock its 11th largest position. Lazard Asset Management LLC owned approximately 5.90% of Motorola Solutions worth $831,768,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently made changes to their positions in MSI. Acrospire Investment Management LLC boosted its holdings in shares of Motorola Solutions by 33.3% in the second quarter. Acrospire Investment Management LLC now owns 1,200 shares of the communications equipment provider’s stock worth $104,000 after buying an additional 300 shares during the period. Iat Reinsurance Co. LTD. acquired a new position in shares of Motorola Solutions in the first quarter worth about $123,000. Mckinley Capital Management LLC Delaware acquired a new position in shares of Motorola Solutions in the first quarter worth about $135,000. Exane Derivatives boosted its holdings in shares of Motorola Solutions by 163.6% in the second quarter. Exane Derivatives now owns 1,613 shares of the communications equipment provider’s stock worth $140,000 after buying an additional 1,001 shares during the period. Finally, Smithfield Trust Co. boosted its holdings in shares of Motorola Solutions by 2.7% in the second quarter. Smithfield Trust Co. now owns 2,003 shares of the communications equipment provider’s stock worth $173,000 after buying an additional 53 shares during the period. Institutional investors own 87.68% of the company’s stock.
Several research analysts have commented on the stock. Zacks Investment Research upgraded shares of Motorola Solutions from a “hold” rating to a “buy” rating and set a $97.00 target price for the company in a report on Wednesday, September 6th. UBS AG upgraded shares of Motorola Solutions from a “market perform” rating to an “outperform” rating in a report on Monday, May 22nd. Jefferies Group LLC reiterated a “buy” rating and issued a $105.00 target price on shares of Motorola Solutions in a report on Tuesday, August 22nd. Raymond James Financial, Inc. upgraded shares of Motorola Solutions from a “market perform” rating to an “outperform” rating and raised their target price for the stock from $62.76 to $95.00 in a report on Monday, May 22nd. They noted that the move was a valuation call. Finally, Cowen and Company reiterated a “market perform” rating and issued a $83.00 target price (up from $75.00) on shares of Motorola Solutions in a report on Wednesday, August 9th. Four analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Motorola Solutions currently has a consensus rating of “Buy” and a consensus price target of $94.08.
In other Motorola Solutions news, EVP Eduardo F. Conrado sold 6,998 shares of the company’s stock in a transaction that occurred on Tuesday, August 8th. The stock was sold at an average price of $89.13, for a total transaction of $623,731.74. Following the completion of the transaction, the executive vice president now owns 22,858 shares of the company’s stock, valued at approximately $2,037,333.54. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Bruce W. Brda sold 25,299 shares of the company’s stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $89.11, for a total value of $2,254,393.89. Following 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 disclosure for this sale can be found here. Corporate insiders own 2.50% of the company’s stock.
Motorola Solutions, Inc. (MSI) traded up 0.05% during mid-day trading on Monday, reaching $85.52. 192,841 shares of the company’s stock were exchanged. The stock has a 50-day moving average price of $87.73 and a 200 day moving average price of $85.72. The company has a market cap of $13.91 billion, a PE ratio of 22.55 and a beta of 0.33. Motorola Solutions, Inc. has a 52-week low of $71.24 and a 52-week high of $93.75.
Motorola Solutions (NYSE:MSI) last posted its earnings results on Thursday, August 3rd. The communications equipment provider reported $1.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.99 by $0.07. Motorola Solutions had a negative return on equity of 93.44% and a net margin of 10.38%. The business had revenue of $1.50 billion during the quarter, compared to analysts’ expectations of $1.46 billion. During the same period in the prior year, the business earned $1.03 EPS. Motorola Solutions’s revenue for the quarter was up 4.7% compared to the same quarter last year. Equities analysts predict that Motorola Solutions, Inc. will post $5.29 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, October 13th. Shareholders of record on Friday, September 15th will be given a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a yield of 2.20%. The ex-dividend date is Thursday, September 14th. Motorola Solutions’s dividend payout ratio (DPR) is currently 49.60%.
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. 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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