MGO One Seven LLC Increases Stock Holdings in Motorola Solutions, Inc. (NYSE:MSI)

MGO One Seven LLC increased its holdings in shares of Motorola Solutions, Inc. (NYSE:MSI) by 55.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,189 shares of the communications equipment provider’s stock after buying an additional 777 shares during the quarter. MGO One Seven LLC’s holdings in Motorola Solutions were worth $845,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Gryphon Financial Partners LLC purchased a new stake in Motorola Solutions during the 2nd quarter valued at about $303,000. FARMERS & MERCHANTS TRUST Co OF LONG BEACH grew its stake in Motorola Solutions by 5.6% during the 2nd quarter. FARMERS & MERCHANTS TRUST Co OF LONG BEACH now owns 15,184 shares of the communications equipment provider’s stock valued at $5,862,000 after purchasing an additional 809 shares during the last quarter. Daiwa Securities Group Inc. grew its stake in Motorola Solutions by 6.8% during the 2nd quarter. Daiwa Securities Group Inc. now owns 31,989 shares of the communications equipment provider’s stock valued at $12,350,000 after purchasing an additional 2,048 shares during the last quarter. Royal London Asset Management Ltd. grew its stake in Motorola Solutions by 1.2% during the 2nd quarter. Royal London Asset Management Ltd. now owns 74,091 shares of the communications equipment provider’s stock valued at $28,603,000 after purchasing an additional 909 shares during the last quarter. Finally, Choreo LLC purchased a new stake in Motorola Solutions during the 2nd quarter valued at about $1,070,000. 84.17% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Motorola Solutions news, COO John P. Molloy sold 23,985 shares of the stock in a transaction that occurred 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 completion of the transaction, the chief operating officer now owns 46,821 shares of the company’s stock, valued at $19,079,557.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.50% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

MSI has been the topic of several research analyst reports. Evercore ISI boosted their price target on Motorola Solutions from $450.00 to $500.00 and gave the company an “outperform” rating in a research note on Friday, August 30th. Barclays boosted their price objective on Motorola Solutions from $372.00 to $467.00 and gave the company an “overweight” rating in a report on Friday, August 2nd. JPMorgan Chase & Co. boosted their price objective on Motorola Solutions from $436.00 to $440.00 and gave the company an “overweight” rating in a report on Friday, August 2nd. Jefferies Financial Group boosted their price objective on Motorola Solutions from $460.00 to $510.00 and gave the company a “buy” rating in a report on Tuesday, September 3rd. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on Motorola Solutions from $385.00 to $440.00 and gave the company a “buy” rating in a report on Tuesday, August 6th. Eight analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of $466.17.

Motorola Solutions Stock Performance

NYSE MSI opened at $441.76 on Friday. The stock has a market capitalization of $73.70 billion, a price-to-earnings ratio of 54.61, a PEG ratio of 3.80 and a beta of 0.97. Motorola Solutions, Inc. has a twelve month low of $269.64 and a twelve 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 has a 50-day moving average of $413.76 and a 200 day moving average of $377.07.

Motorola Solutions (NYSE:MSI) last released its quarterly earnings results on Thursday, August 1st. The communications equipment provider reported $3.24 earnings per share for the quarter, topping analysts’ consensus estimates of $3.01 by $0.23. The company had revenue of $2.63 billion during 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%. Motorola Solutions’s quarterly revenue was up 9.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.41 EPS. Sell-side analysts anticipate that Motorola Solutions, Inc. will post 12.22 EPS for the current fiscal year.

Motorola Solutions Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Friday, September 13th will be issued a $0.98 dividend. The ex-dividend date of this dividend is Friday, September 13th. This represents a $3.92 dividend on an annualized basis and a yield of 0.89%. Motorola Solutions’s 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.