Motorola Solutions, Inc. (NYSE:MSI) Shares Acquired by Benjamin F. Edwards & Company Inc.

Benjamin F. Edwards & Company Inc. raised its stake in shares of Motorola Solutions, Inc. (NYSE:MSI) by 10,925.8% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 68,691 shares of the communications equipment provider’s stock after acquiring an additional 68,068 shares during the period. Benjamin F. Edwards & Company Inc.’s holdings in Motorola Solutions were worth $26,518,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in MSI. Corient Private Wealth LLC grew its holdings in shares of Motorola Solutions by 15.6% in the fourth quarter. Corient Private Wealth LLC now owns 24,237 shares of the communications equipment provider’s stock valued at $7,589,000 after purchasing an additional 3,278 shares in the last quarter. Quest Partners LLC acquired a new position in shares of Motorola Solutions in the fourth quarter valued at approximately $303,000. Assetmark Inc. grew its holdings in shares of Motorola Solutions by 14.4% in the fourth quarter. Assetmark Inc. now owns 18,611 shares of the communications equipment provider’s stock valued at $5,827,000 after purchasing an additional 2,344 shares in the last quarter. Franklin Resources Inc. grew its holdings in shares of Motorola Solutions by 1.9% in the fourth quarter. Franklin Resources Inc. now owns 34,894 shares of the communications equipment provider’s stock valued at $10,925,000 after purchasing an additional 637 shares in the last quarter. Finally, Financial Advisors Network Inc. purchased a new position in Motorola Solutions in the fourth quarter worth approximately $216,000. 84.17% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

MSI has been the subject of a number of recent research reports. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Motorola Solutions from $385.00 to $440.00 and gave the stock a “buy” rating in a research note on Tuesday, August 6th. Evercore ISI lifted their price target on shares of Motorola Solutions from $450.00 to $500.00 and gave the stock an “outperform” rating in a research note on Friday, August 30th. JPMorgan Chase & Co. lifted their price target on shares of Motorola Solutions from $436.00 to $440.00 and gave the stock an “overweight” rating in a research note on Friday, August 2nd. Bank of America lifted their price target on shares of Motorola Solutions from $370.00 to $440.00 and gave the stock a “buy” rating in a research note on Thursday, July 18th. Finally, Barclays lifted their price target on shares of Motorola Solutions from $372.00 to $467.00 and gave the stock an “overweight” rating in a research note on Friday, August 2nd. Eight analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Motorola Solutions has an average rating of “Buy” and an average target price of $466.17.

Motorola Solutions Stock Up 0.5 %

MSI stock opened at $438.81 on Friday. The company has a fifty day moving average price of $417.69 and a 200 day moving average price of $380.06. Motorola Solutions, Inc. has a 12 month low of $269.64 and a 12 month high of $448.98. The company has a market cap of $73.19 billion, a price-to-earnings ratio of 54.24, a price-to-earnings-growth ratio of 3.80 and a beta of 0.97. The company has a debt-to-equity ratio of 7.03, a current ratio of 1.20 and a quick ratio of 1.03.

Motorola Solutions (NYSE:MSI) last released its quarterly earnings results on Thursday, August 1st. The communications equipment provider reported $3.24 EPS for the quarter, beating the consensus estimate of $3.01 by $0.23. The firm had revenue of $2.63 billion during the quarter, compared to the consensus estimate of $2.59 billion. Motorola Solutions had a net margin of 14.04% and a return on equity of 337.36%. Motorola Solutions’s revenue for the quarter was up 9.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.41 EPS. Sell-side analysts expect that Motorola Solutions, Inc. will post 12.22 earnings per share for the current year.

Motorola Solutions Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Friday, September 13th will be paid a $0.98 dividend. The ex-dividend date of this dividend is Friday, September 13th. This represents a $3.92 dividend on an annualized basis and a yield of 0.89%. Motorola Solutions’s payout ratio is 48.45%.

Insider Activity at Motorola Solutions

In other Motorola Solutions news, COO John P. Molloy sold 23,985 shares of the company’s stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $407.50, for a total value of $9,773,887.50. Following the transaction, the chief operating officer now directly owns 46,821 shares in the company, valued at approximately $19,079,557.50. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 1.50% of the stock is owned by corporate insiders.

Motorola Solutions Company Profile

Motorola Solutions, Inc provides public safety and enterprise security solutions in the United States, the United Kingdom, Canada, and internationally. The company operates in two segments, Products and Systems Integration, and Software and Services. The Products and Systems Integration segment offers a portfolio of infrastructure, devices, accessories, and video security devices and infrastructure, as well as the implementation and integration of systems, devices, software, and applications for government, public safety, and commercial customers who operate private communications networks and video security solutions, as well as manage a mobile workforce.