E Fund Management Co. Ltd. Increases Holdings in Motorola Solutions, Inc. (NYSE:MSI)

E Fund Management Co. Ltd. boosted its holdings in shares of Motorola Solutions, Inc. (NYSE:MSI) by 40.6% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,934 shares of the communications equipment provider’s stock after purchasing an additional 558 shares during the period. E Fund Management Co. Ltd.’s holdings in Motorola Solutions were worth $747,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. MFA Wealth Advisors LLC purchased a new position in shares of Motorola Solutions during the 2nd quarter worth approximately $25,000. Beacon Capital Management LLC grew its holdings in shares of Motorola Solutions by 71.8% during the 2nd quarter. Beacon Capital Management LLC now owns 67 shares of the communications equipment provider’s stock worth $26,000 after acquiring an additional 28 shares during the period. LRI Investments LLC grew its holdings in shares of Motorola Solutions by 871.4% during the 2nd quarter. LRI Investments LLC now owns 68 shares of the communications equipment provider’s stock worth $26,000 after acquiring an additional 61 shares during the period. Crewe Advisors LLC purchased a new position in shares of Motorola Solutions during the 1st quarter worth approximately $28,000. Finally, Rise Advisors LLC purchased a new position in shares of Motorola Solutions during the 1st quarter worth approximately $29,000. Hedge funds and other institutional investors own 84.17% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on MSI. Jefferies Financial Group upped their target price on Motorola Solutions from $460.00 to $510.00 and gave the stock a “buy” rating in a report on Tuesday, September 3rd. JPMorgan Chase & Co. boosted their price target on Motorola Solutions from $436.00 to $440.00 and gave the stock an “overweight” rating in a research report on Friday, August 2nd. Evercore ISI boosted their price target on Motorola Solutions from $450.00 to $500.00 and gave the stock an “outperform” rating in a research report on Friday, August 30th. Barclays boosted their price target on Motorola Solutions from $372.00 to $467.00 and gave the stock an “overweight” rating in a research report on Friday, August 2nd. Finally, Deutsche Bank Aktiengesellschaft boosted 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.com, the stock has an average rating of “Buy” and an average price target of $466.17.

Motorola Solutions Stock Performance

MSI stock opened at $436.58 on Thursday. The stock has a market capitalization of $72.82 billion, a PE ratio of 53.97, a price-to-earnings-growth ratio of 3.80 and a beta of 0.97. Motorola Solutions, Inc. has a 12-month low of $269.64 and a 12-month high of $448.98. 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 stock’s 50 day simple moving average is $416.69 and its 200 day simple moving average is $379.65.

Motorola Solutions (NYSE:MSI) last released its quarterly earnings data on Thursday, August 1st. The communications equipment provider reported $3.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.01 by $0.23. The business had revenue of $2.63 billion for the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same period in the prior year, the firm posted $2.41 EPS. As a group, research analysts forecast that Motorola Solutions, Inc. will post 12.22 earnings per share for the current fiscal year.

Motorola Solutions Dividend Announcement

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 issued a dividend of $0.98 per share. The ex-dividend date is Friday, September 13th. This represents a $3.92 annualized dividend and a dividend yield of 0.90%. Motorola Solutions’s payout ratio is 48.45%.

Insider Activity

In other news, COO John P. Molloy sold 23,985 shares of the stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $407.50, for a total transaction 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 approximately $19,079,557.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 1.50% of the company’s stock.

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.