DRW Securities LLC Takes $522,000 Position in Motorola Solutions, Inc. (NYSE:MSI)

DRW Securities LLC purchased a new position in Motorola Solutions, Inc. (NYSE:MSI) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 1,353 shares of the communications equipment provider’s stock, valued at approximately $522,000.

Other large investors also recently bought and sold shares of the company. Capital World Investors increased its position in shares of Motorola Solutions by 0.4% in the fourth quarter. Capital World Investors now owns 12,176,768 shares of the communications equipment provider’s stock valued at $3,812,424,000 after buying an additional 44,279 shares in the last quarter. Raymond James & Associates increased its holdings in Motorola Solutions by 3.7% in the 2nd quarter. Raymond James & Associates now owns 2,319,631 shares of the communications equipment provider’s stock worth $895,494,000 after acquiring an additional 82,044 shares in the last quarter. Alphinity Investment Management Pty Ltd raised its position in Motorola Solutions by 36.5% during the first quarter. Alphinity Investment Management Pty Ltd now owns 1,478,757 shares of the communications equipment provider’s stock worth $524,929,000 after acquiring an additional 395,096 shares during the period. Swedbank AB grew its position in shares of Motorola Solutions by 215.7% in the second quarter. Swedbank AB now owns 1,023,956 shares of the communications equipment provider’s stock valued at $395,298,000 after purchasing an additional 699,615 shares during the period. Finally, Raymond James Financial Services Advisors Inc. increased its stake in shares of Motorola Solutions by 0.5% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 993,689 shares of the communications equipment provider’s stock worth $383,614,000 after purchasing an additional 4,984 shares in the last quarter. Institutional investors and hedge funds own 84.17% of the company’s stock.

Insider Buying and Selling

In other Motorola Solutions news, COO John P. Molloy sold 23,985 shares of Motorola Solutions stock in a transaction on 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 sale, the chief operating officer now owns 46,821 shares in the company, valued at $19,079,557.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.50% of the stock is currently owned by company insiders.

Motorola Solutions Stock Up 1.0 %

Shares of NYSE:MSI opened at $447.09 on Tuesday. Motorola Solutions, Inc. has a 52-week low of $269.64 and a 52-week high of $448.98. The company has a quick ratio of 1.03, a current ratio of 1.20 and a debt-to-equity ratio of 7.03. The business has a fifty day moving average of $419.80 and a two-hundred day moving average of $382.25. The stock has a market cap of $74.57 billion, a P/E ratio of 55.26, a PEG ratio of 3.80 and a beta of 0.97.

Motorola Solutions (NYSE:MSI) last announced its quarterly earnings data on Thursday, August 1st. The communications equipment provider reported $3.24 earnings per share (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 firm had revenue of $2.63 billion during the quarter, compared to analyst estimates of $2.59 billion. During the same quarter in the prior year, the firm posted $2.41 earnings per share. Motorola Solutions’s quarterly revenue was up 9.4% on a year-over-year basis. On average, research analysts expect that Motorola Solutions, Inc. will post 12.22 earnings per share for the current year.

Motorola Solutions Dividend Announcement

The firm also recently disclosed 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. This represents a $3.92 dividend on an annualized basis and a yield of 0.88%. The ex-dividend date of this dividend is Friday, September 13th. Motorola Solutions’s dividend payout ratio is presently 48.45%.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on MSI. Jefferies Financial Group raised their price target 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. Bank of America lifted their price target on Motorola Solutions from $370.00 to $440.00 and gave the stock a “buy” rating in a research note on Thursday, July 18th. Deutsche Bank Aktiengesellschaft raised 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. Barclays upped their target price on shares of Motorola Solutions from $372.00 to $467.00 and gave the stock an “overweight” rating in a report on Friday, August 2nd. Finally, JPMorgan Chase & Co. raised their price target on shares of Motorola Solutions from $436.00 to $440.00 and gave the stock an “overweight” rating in a research note on Friday, August 2nd. Eight equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target 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.