Prospera Financial Services Inc acquired a new position in Motorola Solutions, Inc. (NYSE:MSI – Get Rating) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 217 shares of the communications equipment provider's stock, valued at approximately $53,000.
Other institutional investors have also recently bought and sold shares of the company. Steward Financial Group LLC bought a new position in Motorola Solutions in the 4th quarter worth approximately $27,000. Missouri Trust & Investment Co bought a new position in Motorola Solutions in the 4th quarter worth approximately $29,000. Delos Wealth Advisors LLC bought a new position in Motorola Solutions in the 4th quarter worth approximately $36,000. West Bancorporation Inc. bought a new position in Motorola Solutions in the 4th quarter worth approximately $39,000. Finally, Benjamin F. Edwards & Company Inc. raised its position in Motorola Solutions by 104.2% in the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 145 shares of the communications equipment provider's stock worth $35,000 after purchasing an additional 74 shares during the last quarter. Institutional investors own 85.65% of the company's stock.
Get Motorola Solutions alerts:Motorola Solutions Trading Up 0.4 %
Shares of NYSE MSI opened at $249.25 on Wednesday. The firm has a market cap of $41.70 billion, a PE ratio of 35.97, a PEG ratio of 3.09 and a beta of 0.92. Motorola Solutions, Inc. has a 1-year low of $195.18 and a 1-year high of $273.65. The company has a fifty day moving average price of $218.76 and a 200 day moving average price of $222.25.
Motorola Solutions (NYSE:MSI – Get Rating) last announced its earnings results on Thursday, August 4th. The communications equipment provider reported $2.07 earnings per share for the quarter, topping analysts' consensus estimates of $1.87 by $0.20. The firm had revenue of $2.14 billion during the quarter, compared to analyst estimates of $2.06 billion. Motorola Solutions had a net margin of 14.22% and a negative return on equity of 571.78%. The company's revenue for the quarter was up 8.6% compared to the same quarter last year. During the same period in the prior year, the business earned $1.94 EPS. Equities research analysts forecast that Motorola Solutions, Inc. will post 9.01 EPS for the current year.Motorola Solutions Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, July 15th. Shareholders of record on Wednesday, June 15th were given a dividend of $0.79 per share. The ex-dividend date of this dividend was Tuesday, June 14th. This represents a $3.16 annualized dividend and a yield of 1.27%. Motorola Solutions's dividend payout ratio (DPR) is presently 45.60%.
Analyst Upgrades and Downgrades
A number of research firms have commented on MSI. StockNews.com raised shares of Motorola Solutions from a "hold" rating to a "buy" rating in a report on Friday, August 5th. Morgan Stanley raised shares of Motorola Solutions from an "equal weight" rating to an "overweight" rating and set a $240.00 target price for the company in a report on Monday, May 23rd. Barclays lifted their target price on shares of Motorola Solutions to $305.00 in a report on Tuesday. Credit Suisse Group boosted their price target on shares of Motorola Solutions to $301.00 in a report on Tuesday. Finally, Loop Capital initiated coverage on shares of Motorola Solutions in a report on Monday, April 25th. They issued a "buy" rating and a $295.00 price target for the company. One analyst has rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $287.11.
Insiders Place Their Bets
In other Motorola Solutions news, CEO Gregory Q. Brown sold 25,000 shares of the business's stock in a transaction dated Tuesday, June 7th. The shares were sold at an average price of $219.75, for a total transaction of $5,493,750.00. Following the sale, the chief executive officer now directly owns 35,348 shares of the company's stock, valued at approximately $7,767,723. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 1.85% of the company's stock.
About Motorola Solutions
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Motorola Solutions, Inc provides mission critical communications and analytics 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.
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