51,015 Shares in Motorola Solutions, Inc. (NYSE:MSI) Bought by Magnolia Capital Advisors LLC

Magnolia Capital Advisors LLC purchased a new stake in Motorola Solutions, Inc. (NYSE:MSI) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 51,015 shares of the communications equipment provider’s stock, valued at approximately $19,694,000. Motorola Solutions makes up 0.7% of Magnolia Capital Advisors LLC’s portfolio, making the stock its 25th largest holding.

A number of other hedge funds have also added to or reduced their stakes in MSI. MFA Wealth Advisors LLC bought a new stake in shares of Motorola Solutions during the 2nd quarter valued at about $25,000. Beacon Capital Management LLC lifted its holdings in Motorola Solutions by 71.8% in the second quarter. Beacon Capital Management LLC now owns 67 shares of the communications equipment provider’s stock worth $26,000 after buying an additional 28 shares during the period. LRI Investments LLC lifted its holdings in Motorola Solutions by 871.4% in the second quarter. LRI Investments LLC now owns 68 shares of the communications equipment provider’s stock worth $26,000 after buying an additional 61 shares during the period. Crewe Advisors LLC bought a new stake in Motorola Solutions during the 1st quarter valued at approximately $28,000. Finally, Rise Advisors LLC purchased a new position in shares of Motorola Solutions during the 1st quarter worth approximately $29,000. 84.17% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Motorola Solutions

In related news, COO John P. Molloy sold 23,985 shares of Motorola Solutions 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 completion of the sale, 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 filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 1.50% of the company’s stock.

Analyst Ratings Changes

MSI has been the subject of a number of research analyst reports. JPMorgan Chase & Co. raised their target price on Motorola Solutions from $436.00 to $440.00 and gave the company an “overweight” rating in a research note on Friday, August 2nd. Deutsche Bank Aktiengesellschaft raised their price objective on Motorola Solutions from $385.00 to $440.00 and gave the company a “buy” rating in a research report on Tuesday, August 6th. Jefferies Financial Group upped their target price on shares of Motorola Solutions from $460.00 to $510.00 and gave the stock a “buy” rating in a research report on Tuesday, September 3rd. Evercore ISI lifted their price target on shares of Motorola Solutions from $450.00 to $500.00 and gave the company an “outperform” rating in a research report on Friday, August 30th. Finally, Bank of America boosted their price objective 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. Eight research analysts have rated the stock with a buy rating, According to data from MarketBeat, Motorola Solutions has an average rating of “Buy” and a consensus target price of $466.17.

Motorola Solutions Price Performance

Shares of NYSE:MSI opened at $446.36 on Friday. The company has a market capitalization of $74.45 billion, a PE ratio of 55.17, a PEG ratio of 3.90 and a beta of 0.97. The business has a fifty day moving average price of $424.22 and a 200-day moving average price of $385.04. Motorola Solutions, Inc. has a 1-year low of $269.64 and a 1-year high of $452.00. 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 issued its earnings results on Thursday, August 1st. The communications equipment provider reported $3.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.01 by $0.23. Motorola Solutions had a net margin of 14.04% and a return on equity of 337.36%. The business had revenue of $2.63 billion during the quarter, compared to analysts’ expectations of $2.59 billion. During the same period in the previous year, the company earned $2.41 earnings per share. The business’s revenue for the quarter was up 9.4% compared to the same quarter last year. As a group, equities analysts expect that Motorola Solutions, Inc. will post 12.22 EPS for the current fiscal year.

Motorola Solutions Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Friday, September 13th will be paid a dividend of $0.98 per share. The ex-dividend date is Friday, September 13th. This represents a $3.92 annualized dividend and a yield of 0.88%. Motorola Solutions’s dividend payout ratio is 48.45%.

Motorola Solutions 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.