Quantitative Systematic Strategies LLC Invests $229,000 in Motorola Solutions, Inc. (MSI)

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 fund acquired 2,644 shares of the communications equipment provider’s stock, valued at approximately $229,000.

A number of other institutional investors have also bought and sold shares of the stock. Lazard Asset Management LLC boosted its position 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. Renaissance Technologies LLC boosted its stake in shares of Motorola Solutions by 51.5% in the first quarter. Renaissance Technologies LLC now owns 1,797,415 shares of the communications equipment provider’s stock valued at $154,973,000 after buying an additional 610,650 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of 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 valued at $1,382,661,000 after buying an additional 444,109 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its stake in shares of Motorola Solutions by 209.3% in the first quarter. Massachusetts Financial Services Co. MA now owns 591,919 shares of the communications equipment provider’s stock valued at $51,036,000 after buying an additional 400,519 shares in the last quarter. Finally, Old Mutual Global Investors UK Ltd. boosted its stake in shares of Motorola Solutions by 129.2% in the first quarter. Old Mutual Global Investors UK Ltd. now owns 548,833 shares of the communications equipment provider’s stock valued at $47,320,000 after buying an additional 309,341 shares in the last quarter. Institutional investors own 87.62% of the company’s stock.

Motorola Solutions, Inc. (NYSE:MSI) opened at 87.37 on Friday. The company’s 50-day moving average price is $88.91 and its 200 day moving average price is $84.75. The firm has a market capitalization of $14.21 billion, a price-to-earnings ratio of 23.04 and a beta of 0.32. Motorola Solutions, Inc. has a 12 month low of $71.24 and a 12 month high of $93.75.

Motorola Solutions (NYSE:MSI) last announced its quarterly earnings results on Thursday, August 3rd. The communications equipment provider reported $1.06 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.99 by $0.07. The company had revenue of $1.50 billion during the quarter, compared to the consensus estimate of $1.46 billion. Motorola Solutions had a negative return on equity of 93.44% and a net margin of 10.38%. Motorola Solutions’s revenue for the quarter was up 4.7% on a year-over-year basis. During the same period in the previous year, the business earned $1.03 EPS. Analysts predict that Motorola Solutions, Inc. will post $5.29 EPS for the current year.

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Several equities research analysts have weighed in on the company. UBS AG upgraded Motorola Solutions from a “market perform” rating to an “outperform” rating in a report on Monday, May 22nd. 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. Jefferies Group LLC reiterated a “buy” rating and issued a $105.00 target price (up from $100.00) on shares of Motorola Solutions in a report on Wednesday, August 9th. Zacks Investment Research upgraded Motorola Solutions from a “sell” rating to a “hold” rating and set a $99.00 price objective for the company in a research note on Tuesday, August 8th. Finally, BMO Capital Markets upped their price objective on Motorola Solutions from $95.00 to $102.00 and gave the stock an “outperform” rating in a research note on Friday, August 4th. Four investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $94.33.

In other news, EVP Eduardo F. Conrado sold 6,998 shares of Motorola Solutions stock in a transaction dated Tuesday, August 8th. The stock was sold at an average price of $89.13, for a total transaction of $623,731.74. Following 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Bruce W. Brda sold 25,299 shares of Motorola Solutions stock in a transaction dated 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 in the company, 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.

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)

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