Maverick Capital Ltd. bought a new position in Motorola Solutions, Inc. (NYSE:MSI) in the 2nd quarter, according to its most recent disclosure with the SEC. The firm bought 46,050 shares of the communications equipment provider’s stock, valued at approximately $3,994,000.

Several other large investors also recently bought and sold shares of the company. Sun Life Financial INC increased its stake in shares of Motorola Solutions by 14,800.0% in the 2nd quarter. Sun Life Financial INC now owns 1,192 shares of the communications equipment provider’s stock worth $103,000 after acquiring an additional 1,184 shares in the last quarter. Acrospire Investment Management LLC increased its stake in shares of Motorola Solutions by 33.3% in the 2nd quarter. Acrospire Investment Management LLC now owns 1,200 shares of the communications equipment provider’s stock worth $104,000 after acquiring an additional 300 shares in the last quarter. Exane Derivatives increased its stake in shares of 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 acquiring an additional 1,001 shares in the last quarter. Smithfield Trust Co. increased its stake in shares of 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 acquiring an additional 53 shares in the last quarter. Finally, Williams Jones & Associates LLC bought a new position in shares of Motorola Solutions in the 2nd quarter worth about $201,000. 87.68% of the stock is owned by hedge funds and other institutional investors.

In related news, EVP Bruce W. Brda sold 25,299 shares of the stock in a transaction that occurred on Monday, August 7th. The shares were 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 owns 23,829 shares in the company, valued at approximately $2,123,402.19. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Eduardo F. Conrado sold 6,998 shares of the 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 in the company, valued at approximately $2,037,333.54. The disclosure for this sale can be found here. 2.50% of the stock is currently owned by corporate insiders.

Several research analysts recently issued reports on the stock. Credit Suisse Group AG set a $95.00 price target on shares of Motorola Solutions and gave the stock a “buy” rating in a research note on Thursday, July 27th. Zacks Investment Research upgraded shares of Motorola Solutions from a “hold” rating to a “buy” rating and set a $102.00 price target for the company in a research note on Thursday, July 27th. BMO Capital Markets increased their price target on shares of Motorola Solutions from $95.00 to $102.00 and gave the stock an “outperform” rating in a research note on Friday, August 4th. Deutsche Bank AG increased their price target on shares of Motorola Solutions from $73.00 to $78.00 and gave the stock a “hold” rating in a research note on Monday, August 7th. Finally, Cowen and Company reiterated a “market perform” rating and issued a $83.00 price target (up from $75.00) on shares of Motorola Solutions in a research note on Wednesday, August 9th. Four investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $94.08.

Shares of Motorola Solutions, Inc. (MSI) traded up 2.6367% during mid-day trading on Friday, hitting $88.2676. 634,416 shares of the stock were exchanged. The stock’s 50 day moving average is $85.97 and its 200-day moving average is $86.05. The stock has a market cap of $14.36 billion, a PE ratio of 23.2773 and a beta of 0.31. Motorola Solutions, Inc. has a 12 month low of $71.24 and a 12 month high of $93.75.

Motorola Solutions (NYSE:MSI) last posted its quarterly earnings data 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. Motorola Solutions had a net margin of 10.38% and a negative return on equity of 93.44%. The firm had revenue of $1.50 billion for the quarter, compared to the consensus estimate of $1.46 billion. During the same quarter in the prior year, the company posted $1.03 earnings per share. The company’s revenue for the quarter was up 4.7% compared to the same quarter last year. On average, analysts anticipate that Motorola Solutions, Inc. will post $5.29 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 13th. Investors of record on Friday, September 15th will be issued a $0.47 dividend. The ex-dividend date is Thursday, September 14th. This represents a $1.88 annualized dividend and a yield of 2.19%. Motorola Solutions’s dividend payout ratio (DPR) is presently 49.60%.

TRADEMARK VIOLATION WARNING: This article was published by The Cerbat Gem and is owned by of The Cerbat Gem. If you are viewing this article on another domain, it was stolen and republished in violation of U.S. and international trademark & copyright law. The original version of this article can be viewed at https://www.thecerbatgem.com/2017/10/06/maverick-capital-ltd-buys-shares-of-46050-motorola-solutions-inc-msi.html.

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.

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

Receive News & Stock Ratings for Motorola Solutions Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Motorola Solutions Inc. and related stocks with our FREE daily email newsletter.