Ieq Capital LLC Raises Holdings in Motorola Solutions, Inc. (NYSE:MSI)

Ieq Capital LLC lifted its stake in shares of Motorola Solutions, Inc. (NYSE:MSI) by 10.9% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 9,024 shares of the communications equipment provider’s stock after buying an additional 888 shares during the quarter. Ieq Capital LLC’s holdings in Motorola Solutions were worth $3,483,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the company. MFA Wealth Advisors LLC acquired a new position in Motorola Solutions during the 2nd quarter worth approximately $25,000. Beacon Capital Management LLC grew its stake in shares of Motorola Solutions by 71.8% during the second quarter. Beacon Capital Management LLC now owns 67 shares of the communications equipment provider’s stock worth $26,000 after purchasing an additional 28 shares in the last quarter. LRI Investments LLC increased 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 valued at $26,000 after buying an additional 61 shares during the last quarter. Crewe Advisors LLC purchased a new stake in Motorola Solutions during the 1st quarter worth about $28,000. Finally, Rise Advisors LLC acquired a new position in shares of Motorola Solutions during the 1st quarter worth about $29,000. 84.17% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Motorola Solutions Stock Up 0.9 %

MSI stock opened at $442.57 on Friday. The company has a market cap of $73.82 billion, a price-to-earnings ratio of 54.71, a price-to-earnings-growth ratio of 3.80 and a beta of 0.97. The company has a fifty day moving average price of $418.74 and a 200 day moving average price of $381.15. 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, Inc. has a 12 month low of $269.64 and a 12 month high of $448.98.

Motorola Solutions (NYSE:MSI) last announced its 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 business had revenue of $2.63 billion during the quarter, compared to analysts’ expectations of $2.59 billion. During the same period in the prior year, the company earned $2.41 earnings per share. The business’s revenue was up 9.4% compared to the same quarter last year. Sell-side analysts expect that Motorola Solutions, Inc. will post 12.22 earnings per share for the current year.

Motorola Solutions Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Friday, September 13th will be issued a $0.98 dividend. This represents a $3.92 dividend on an annualized basis and a dividend yield of 0.89%. The ex-dividend date is Friday, September 13th. Motorola Solutions’s payout ratio is currently 48.45%.

Insider Transactions at Motorola Solutions

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

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.