Benjamin Edwards Inc. Acquires 3,461 Shares of Motorola Solutions, Inc. (NYSE:MSI)

Benjamin Edwards Inc. increased its holdings in shares of Motorola Solutions, Inc. (NYSE:MSI) by 1,870.8% during the second quarter, Holdings Channel reports. The fund owned 3,646 shares of the communications equipment provider’s stock after purchasing an additional 3,461 shares during the period. Benjamin Edwards Inc.’s holdings in Motorola Solutions were worth $1,408,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. MFA Wealth Advisors LLC acquired a new position in Motorola Solutions during the 2nd quarter worth $25,000. Beacon Capital Management LLC lifted its holdings in 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 buying an additional 28 shares in the last quarter. LRI Investments LLC lifted its holdings in 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 buying an additional 61 shares in the last quarter. Crewe Advisors LLC acquired a new position in shares of Motorola Solutions in the 1st quarter valued at $28,000. Finally, Rise Advisors LLC acquired a new position in shares of Motorola Solutions in the 1st quarter valued at $29,000. 84.17% of the stock is currently owned by institutional investors.

Insider Activity

In other news, COO John P. Molloy sold 23,985 shares of the firm’s stock in a transaction dated Tuesday, August 6th. The stock was 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.50% of the stock is owned by corporate insiders.

Motorola Solutions Price Performance

MSI stock opened at $438.81 on Friday. The stock has a 50-day moving average price of $417.69 and a two-hundred day moving average price of $380.06. The stock has a market cap of $73.19 billion, a PE ratio of 54.24, a price-to-earnings-growth ratio of 3.80 and a beta of 0.97. The company has a current ratio of 1.20, a quick ratio of 1.03 and a debt-to-equity ratio of 7.03. Motorola Solutions, Inc. has a 1 year low of $269.64 and a 1 year high of $448.98.

Motorola Solutions (NYSE:MSI) last released its 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 firm 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%. The company’s revenue was up 9.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.41 EPS. Equities analysts forecast that Motorola Solutions, Inc. will post 12.22 EPS for the current fiscal year.

Motorola Solutions Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on MSI shares. Barclays increased their price target on Motorola Solutions from $372.00 to $467.00 and gave the company an “overweight” rating in a research note on Friday, August 2nd. Bank of America increased their price target on Motorola Solutions from $370.00 to $440.00 and gave the company a “buy” rating in a research note on Thursday, July 18th. JPMorgan Chase & Co. increased their price target on Motorola Solutions from $436.00 to $440.00 and gave the company an “overweight” rating in a research note on Friday, August 2nd. Jefferies Financial Group increased their price target on Motorola Solutions from $460.00 to $510.00 and gave the company a “buy” rating in a research note on Tuesday, September 3rd. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on Motorola Solutions from $385.00 to $440.00 and gave the stock a “buy” rating in a research note on Tuesday, August 6th. Eight research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $466.17.

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.