BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp Has $12.32 Million Stock Position in Motorola Solutions, Inc. (NYSE:MSI)

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its position in Motorola Solutions, Inc. (NYSE:MSI) by 60.5% during the second quarter, HoldingsChannel.com reports. The firm owned 31,911 shares of the communications equipment provider’s stock after buying an additional 12,033 shares during the quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp’s holdings in Motorola Solutions were worth $12,319,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Swedbank AB grew its position in Motorola Solutions by 215.7% in the second quarter. Swedbank AB now owns 1,023,956 shares of the communications equipment provider’s stock worth $395,298,000 after acquiring an additional 699,615 shares in the last quarter. Wulff Hansen & CO. lifted its stake in shares of Motorola Solutions by 38,505.0% in the 2nd quarter. Wulff Hansen & CO. now owns 696,434 shares of the communications equipment provider’s stock valued at $268,858,000 after purchasing an additional 694,630 shares during the last quarter. Groupama Asset Managment bought a new stake in Motorola Solutions in the fourth quarter worth $178,361,000. National Bank of Canada FI increased its position in Motorola Solutions by 428.2% during the second quarter. National Bank of Canada FI now owns 501,601 shares of the communications equipment provider’s stock worth $193,798,000 after buying an additional 406,638 shares during the last quarter. Finally, Alphinity Investment Management Pty Ltd raised its holdings 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 valued at $524,929,000 after buying an additional 395,096 shares in the last quarter. Institutional investors and hedge funds own 84.17% of the company’s stock.

Insiders Place Their Bets

In other news, COO John P. Molloy sold 23,985 shares of the 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 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 SEC, which is available at this link. Corporate insiders own 1.50% of the company’s stock.

Motorola Solutions Stock Performance

NYSE MSI opened at $450.13 on Wednesday. The company has a debt-to-equity ratio of 7.03, a current ratio of 1.20 and a quick ratio of 1.03. The company’s fifty day moving average is $420.88 and its two-hundred day moving average is $383.06. Motorola Solutions, Inc. has a 52-week low of $269.64 and a 52-week high of $450.54. The firm has a market capitalization of $75.10 billion, a price-to-earnings ratio of 55.64, a P/E/G ratio of 3.90 and a beta of 0.97.

Motorola Solutions (NYSE:MSI) last issued its quarterly earnings results on Thursday, August 1st. The communications equipment provider reported $3.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.01 by $0.23. Motorola Solutions had a return on equity of 337.36% and a net margin of 14.04%. The firm had revenue of $2.63 billion for the quarter, compared to analyst estimates of $2.59 billion. During the same period in the previous year, the company posted $2.41 earnings per share. The company’s quarterly revenue was up 9.4% compared to the same quarter last year. Equities research analysts forecast that Motorola Solutions, Inc. will post 12.22 EPS for the current year.

Motorola Solutions Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Friday, September 13th will be given a $0.98 dividend. The ex-dividend date is Friday, September 13th. This represents a $3.92 annualized dividend and a yield of 0.87%. Motorola Solutions’s dividend payout ratio (DPR) is currently 48.45%.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on MSI shares. Evercore ISI upped their price target on Motorola Solutions from $450.00 to $500.00 and gave the stock an “outperform” rating in a research note on Friday, August 30th. JPMorgan Chase & Co. lifted their price target on shares of Motorola Solutions from $436.00 to $440.00 and gave the company an “overweight” rating in a research report on Friday, August 2nd. Barclays upped their price objective 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. Bank of America lifted their target price on shares of Motorola Solutions from $370.00 to $440.00 and gave the stock a “buy” rating in a report on Thursday, July 18th. Finally, Jefferies Financial Group upped their price target on shares of Motorola Solutions from $460.00 to $510.00 and gave the company a “buy” rating in a report on Tuesday, September 3rd. Eight equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $466.17.

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.