2,644 Shares in Motorola Solutions, Inc. (MSI) Acquired by Quantitative Systematic Strategies LLC

Quantitative Systematic Strategies LLC acquired a new position in shares of Motorola Solutions, Inc. (NYSE:MSI) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 2,644 shares of the communications equipment provider’s stock, valued at approximately $229,000.

Several other hedge funds also recently added to or reduced their stakes in MSI. Vanguard Group Inc. raised its stake in Motorola Solutions by 2.8% in the first quarter. Vanguard Group Inc. now owns 16,036,418 shares of the communications equipment provider’s stock worth $1,382,661,000 after buying an additional 444,109 shares during the last quarter. Lazard Asset Management LLC raised its stake in Motorola Solutions by 54.6% in the first quarter. Lazard Asset Management LLC now owns 8,988,989 shares of the communications equipment provider’s stock worth $775,030,000 after buying an additional 3,174,388 shares during the last quarter. State Street Corp raised its stake in Motorola Solutions by 1.5% in the first quarter. State Street Corp now owns 7,598,871 shares of the communications equipment provider’s stock worth $655,179,000 after buying an additional 114,685 shares during the last quarter. Parnassus Investments CA raised its stake in Motorola Solutions by 3.6% in the first quarter. Parnassus Investments CA now owns 7,319,437 shares of the communications equipment provider’s stock worth $614,408,000 after buying an additional 256,152 shares during the last quarter. Finally, Artisan Partners Limited Partnership raised its stake in Motorola Solutions by 5.6% in the first quarter. Artisan Partners Limited Partnership now owns 2,215,956 shares of the communications equipment provider’s stock worth $191,060,000 after buying an additional 118,031 shares during the last quarter. Institutional investors own 87.27% of the company’s stock.

Motorola Solutions, Inc. (NYSE:MSI) traded up 0.56% during trading on Friday, hitting $87.48. The stock had a trading volume of 806,014 shares. The company has a 50-day moving average of $88.92 and a 200 day moving average of $84.56. Motorola Solutions, Inc. has a 52-week low of $71.24 and a 52-week high of $93.75. The firm has a market cap of $14.23 billion, a P/E ratio of 23.07 and a beta of 0.32.

Motorola Solutions (NYSE:MSI) last announced its earnings results 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 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 analyst estimates of $1.46 billion. During the same quarter in the previous year, the business earned $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, equities research analysts predict that Motorola Solutions, Inc. will post $5.28 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, July 14th. Investors of record on Thursday, June 15th were issued a $0.47 dividend. The ex-dividend date was Tuesday, June 13th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.15%. Motorola Solutions’s payout ratio is 49.60%.

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A number of analysts recently issued reports on MSI shares. Zacks Investment Research upgraded Motorola Solutions from a “hold” rating to a “buy” rating and set a $102.00 price objective on the stock in a research note on Thursday, July 27th. Northcoast Research upgraded Motorola Solutions from a “neutral” rating to a “buy” rating and set a $100.00 price objective on the stock in a research note on Tuesday, May 30th. Citigroup Inc. restated a “buy” rating and issued a $102.00 target price (up from $93.00) on shares of Motorola Solutions in a research note on Friday, May 5th. BMO Capital Markets upped their target price on Motorola Solutions from $95.00 to $102.00 and gave the stock an “outperform” rating in a research note on Friday, August 4th. Finally, Cowen and Company decreased their target price on Motorola Solutions from $77.00 to $75.00 and set a “market perform” rating on the stock in a research note on Monday, May 15th. Four research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $94.33.

In other Motorola Solutions news, EVP Eduardo F. Conrado sold 6,998 shares of the company’s stock in a transaction 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 sale, the executive vice president now owns 22,858 shares in the company, valued at $2,037,333.54. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Bruce W. Brda sold 25,299 shares of the company’s stock in a transaction 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 sale, the executive vice president now 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. 2.50% of the stock is currently owned by 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. 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)

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