Susquehanna Portfolio Strategies LLC Reduces Position in Motorola Solutions, Inc. (NYSE:MSI)

Susquehanna Portfolio Strategies LLC decreased its holdings in Motorola Solutions, Inc. (NYSE:MSI) by 61.6% in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 6,497 shares of the communications equipment provider’s stock after selling 10,403 shares during the quarter. Susquehanna Portfolio Strategies LLC’s holdings in Motorola Solutions were worth $2,508,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the business. Susquehanna Fundamental Investments LLC grew its stake in shares of Motorola Solutions by 310.8% in the second quarter. Susquehanna Fundamental Investments LLC now owns 26,293 shares of the communications equipment provider’s stock worth $10,150,000 after acquiring an additional 19,893 shares during the period. Legal & General Group Plc grew its position in Motorola Solutions by 7.7% in the 2nd quarter. Legal & General Group Plc now owns 1,530,660 shares of the communications equipment provider’s stock worth $590,911,000 after purchasing an additional 110,072 shares during the period. The Manufacturers Life Insurance Company boosted its stake in shares of Motorola Solutions by 1.8% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 104,917 shares of the communications equipment provider’s stock worth $40,503,000 after buying an additional 1,828 shares during the last quarter. Matrix Private Capital Group LLC purchased a new stake in Motorola Solutions during the second quarter valued at $205,000. Finally, MBB Public Markets I LLC lifted its holdings in Motorola Solutions by 680.2% in the second quarter. MBB Public Markets I LLC now owns 12,413 shares of the communications equipment provider’s stock valued at $4,792,000 after acquiring an additional 10,822 shares during the period. Hedge funds and other institutional investors own 84.17% of the company’s stock.

Motorola Solutions Price Performance

Shares of Motorola Solutions stock opened at $446.37 on Friday. The stock has a 50 day moving average of $423.09 and a 200 day moving average of $383.98. Motorola Solutions, Inc. has a 12 month low of $269.64 and a 12 month high of $452.00. The company has a current ratio of 1.20, a quick ratio of 1.03 and a debt-to-equity ratio of 7.03. The firm has a market cap of $74.45 billion, a PE ratio of 55.18, a PEG ratio of 3.90 and a beta of 0.97.

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, beating analysts’ consensus estimates of $3.01 by $0.23. Motorola Solutions had a net margin of 14.04% and a return on equity of 337.36%. The firm had revenue of $2.63 billion during the quarter, compared to the consensus estimate of $2.59 billion. During the same quarter last year, the firm earned $2.41 EPS. The firm’s revenue for the quarter was up 9.4% compared to the same quarter last year. On average, research analysts expect that Motorola Solutions, Inc. will post 12.22 EPS for the current fiscal year.

Motorola Solutions Announces Dividend

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

Insider Activity

In related news, COO John P. Molloy sold 23,985 shares of the 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 sale, the chief operating officer now directly owns 46,821 shares of the company’s stock, valued at approximately $19,079,557.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.50% of the company’s stock.

Analysts Set New Price Targets

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

About Motorola Solutions

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.