Profund Advisors LLC Increases Holdings in Motorola Solutions, Inc. (NYSE:MSI)

Profund Advisors LLC boosted its position in Motorola Solutions, Inc. (NYSE:MSI) by 7.1% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,471 shares of the communications equipment provider’s stock after purchasing an additional 230 shares during the quarter. Profund Advisors LLC’s holdings in Motorola Solutions were worth $1,340,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently made changes to their positions in MSI. Skandinaviska Enskilda Banken AB publ lifted its position in Motorola Solutions by 32.9% during the second quarter. Skandinaviska Enskilda Banken AB publ now owns 358,011 shares of the communications equipment provider’s stock valued at $138,210,000 after purchasing an additional 88,603 shares during the last quarter. State Board of Administration of Florida Retirement System increased its position in Motorola Solutions by 8.9% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 189,360 shares of the communications equipment provider’s stock valued at $67,219,000 after purchasing an additional 15,488 shares during the period. Corient Private Wealth LLC raised its stake in 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 worth $7,589,000 after buying an additional 3,278 shares in the last quarter. First Foundation Advisors lifted its stake in shares of Motorola Solutions by 37.7% in the 1st quarter. First Foundation Advisors now owns 354 shares of the communications equipment provider’s stock valued at $126,000 after purchasing an additional 97 shares during the period. Finally, BDF Gestion purchased a new position in Motorola Solutions during the second quarter valued at $7,377,000. Hedge funds and other institutional investors own 84.17% of the company’s stock.

Insider Buying and Selling

In other Motorola Solutions news, COO John P. Molloy sold 23,985 shares of the firm’s stock in a transaction dated Tuesday, August 6th. The stock was 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 of the company’s stock, valued at $19,079,557.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.50% of the stock is currently owned by corporate insiders.

Motorola Solutions Trading Up 1.0 %

Motorola Solutions stock opened at $447.09 on Tuesday. Motorola Solutions, Inc. has a one year low of $269.64 and a one year high of $448.98. The business’s fifty day moving average is $419.80 and its 200 day moving average is $382.25. The stock has a market capitalization of $74.57 billion, a PE ratio of 55.26, 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 announced its quarterly earnings results on Thursday, August 1st. The communications equipment provider reported $3.24 EPS for the quarter, topping analysts’ consensus estimates of $3.01 by $0.23. The firm had revenue of $2.63 billion during the quarter, compared to analyst estimates of $2.59 billion. Motorola Solutions had a net margin of 14.04% and a return on equity of 337.36%. The business’s revenue for the quarter was up 9.4% on a year-over-year basis. During the same period in the previous year, the business posted $2.41 earnings per share. On average, sell-side analysts predict that Motorola Solutions, Inc. will post 12.22 EPS for the current year.

Motorola Solutions Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Friday, September 13th will be paid a $0.98 dividend. The ex-dividend date is Friday, September 13th. This represents a $3.92 dividend on an annualized basis and a dividend yield of 0.88%. Motorola Solutions’s dividend payout ratio (DPR) is currently 48.45%.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the stock. Evercore ISI upped their price objective on shares of Motorola Solutions from $450.00 to $500.00 and gave the stock an “outperform” rating in a report on Friday, August 30th. Bank of America upped their price target on Motorola Solutions from $370.00 to $440.00 and gave the stock a “buy” rating in a research note on Thursday, July 18th. Barclays lifted their price objective on Motorola Solutions from $372.00 to $467.00 and gave the company an “overweight” rating in a research note on Friday, August 2nd. Jefferies Financial Group increased their target price on Motorola Solutions from $460.00 to $510.00 and gave the stock a “buy” rating in a research note on Tuesday, September 3rd. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on Motorola Solutions from $385.00 to $440.00 and gave the stock a “buy” rating in a research report on Tuesday, August 6th. Eight investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of $466.17.

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.