United Capital Financial Advisers LLC purchased a new position in Motorola Solutions Inc (NYSE:MSI) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 15,618 shares of the communications equipment provider’s stock, valued at approximately $1,645,000.
Other large investors also recently modified their holdings of the company. Massey Quick Simon & CO. LLC increased its holdings in shares of Motorola Solutions by 78.9% in the 1st quarter. Massey Quick Simon & CO. LLC now owns 1,700 shares of the communications equipment provider’s stock worth $179,000 after buying an additional 750 shares during the last quarter. Zeke Capital Advisors LLC bought a new position in shares of Motorola Solutions in the 1st quarter worth $201,000. Greenwich Wealth Management LLC bought a new position in shares of Motorola Solutions in the 1st quarter worth $210,000. Tower Research Capital LLC TRC bought a new position in shares of Motorola Solutions in the 4th quarter worth $188,000. Finally, Cetera Advisors LLC bought a new position in shares of Motorola Solutions in the 1st quarter worth $220,000. 85.16% of the stock is currently owned by hedge funds and other institutional investors.
A number of equities analysts have recently commented on MSI shares. Deutsche Bank increased their price target on shares of Motorola Solutions from $120.00 to $125.00 and gave the stock a “buy” rating in a report on Thursday, March 1st. ValuEngine raised shares of Motorola Solutions from a “hold” rating to a “buy” rating in a report on Thursday, March 1st. Jefferies Financial Group reaffirmed a “buy” rating on shares of Motorola Solutions in a report on Thursday, March 1st. Citigroup increased their target price on shares of Motorola Solutions from $120.00 to $130.00 and gave the company a “buy” rating in a report on Friday, March 9th. Finally, BTIG Research began coverage on shares of Motorola Solutions in a report on Friday, March 16th. They set a “buy” rating and a $137.00 target price on the stock. Three equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $119.25.
Motorola Solutions opened at $117.71 on Friday, MarketBeat reports. The company has a debt-to-equity ratio of -3.45, a quick ratio of 1.03 and a current ratio of 1.17. Motorola Solutions Inc has a 52 week low of $82.86 and a 52 week high of $118.37. The firm has a market cap of $18.98 billion, a P/E ratio of 21.01, a price-to-earnings-growth ratio of 2.23 and a beta of 0.33.
Motorola Solutions (NYSE:MSI) last released its earnings results on Thursday, May 3rd. The communications equipment provider reported $1.02 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.80 by $0.22. Motorola Solutions had a negative net margin of 1.75% and a negative return on equity of 73.43%. The company had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.37 billion. research analysts expect that Motorola Solutions Inc will post 6.55 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, July 13th. Shareholders of record on Friday, June 15th will be given a dividend of $0.52 per share. The ex-dividend date is Thursday, June 14th. This represents a $2.08 annualized dividend and a yield of 1.77%. Motorola Solutions’s payout ratio is currently 40.00%.
About Motorola Solutions
Motorola Solutions, Inc, together with its subsidiaries, provides mission-critical communication infrastructure, devices, accessories, software, and services in the United States, the United Kingdom, and internationally. The company operates in two segments, Products and Services. The Products segment offers a portfolio of infrastructure, devices, accessories, and software for government, public safety and first-responder agencies, municipalities, and commercial and industrial customers.
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