Prestige Wealth Management Group LLC Has $81,000 Stock Position in Motorola Solutions, Inc. (NYSE:MSI)

Prestige Wealth Management Group LLC trimmed its position in shares of Motorola Solutions, Inc. (NYSE:MSI) by 12.9% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 210 shares of the communications equipment provider’s stock after selling 31 shares during the period. Prestige Wealth Management Group LLC’s holdings in Motorola Solutions were worth $81,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Norges Bank bought a new position in shares of Motorola Solutions in the 4th quarter valued at about $646,341,000. Swedbank AB lifted its stake in Motorola Solutions by 215.7% in the 2nd quarter. Swedbank AB now owns 1,023,956 shares of the communications equipment provider’s stock valued at $395,298,000 after purchasing an additional 699,615 shares during the last quarter. Groupama Asset Managment bought a new position in Motorola Solutions during the fourth quarter worth about $178,361,000. National Bank of Canada FI increased its position in Motorola Solutions by 428.2% during the second quarter. National Bank of Canada FI now owns 501,601 shares of the communications equipment provider’s stock worth $193,798,000 after buying an additional 406,638 shares during the last quarter. Finally, Alphinity Investment Management Pty Ltd raised its stake in Motorola Solutions by 36.5% in the first quarter. Alphinity Investment Management Pty Ltd now owns 1,478,757 shares of the communications equipment provider’s stock valued at $524,929,000 after buying an additional 395,096 shares during the period. 84.17% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

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

Motorola Solutions Stock Performance

Shares of NYSE:MSI opened at $431.50 on Monday. Motorola Solutions, Inc. has a 12-month low of $269.64 and a 12-month high of $448.98. The company’s 50 day moving average price is $408.50 and its two-hundred day moving average price is $373.89. The firm has a market cap of $71.99 billion, a PE ratio of 53.34, a PEG ratio of 3.76 and a beta of 0.97. The company has a quick ratio of 1.03, a current ratio of 1.20 and a debt-to-equity ratio of 7.03.

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

Motorola Solutions Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Friday, September 13th will be given 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 0.91%. Motorola Solutions’s dividend payout ratio is 48.45%.

Insider Buying and Selling

In other news, COO John P. Molloy sold 23,985 shares of the business’s stock in a transaction that occurred on 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 completion of the transaction, the chief operating officer now directly owns 46,821 shares in the company, valued at approximately $19,079,557.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other Motorola Solutions news, SVP Rajan Naik sold 5,274 shares of the firm’s stock in a transaction on Thursday, June 13th. The stock was sold at an average price of $373.81, for a total value of $1,971,473.94. Following the sale, the senior vice president now owns 8,939 shares of the company’s stock, valued at approximately $3,341,487.59. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, COO John P. Molloy sold 23,985 shares of Motorola Solutions stock in a transaction on 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 completion of the transaction, the chief operating officer now owns 46,821 shares in the company, valued at approximately $19,079,557.50. The disclosure for this sale can be found here. 1.50% of the stock is currently owned by company insiders.

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.