Evergreen Capital Management LLC Acquires Shares of 591 Motorola Solutions, Inc. (NYSE:MSI)

Evergreen Capital Management LLC bought a new stake in shares of Motorola Solutions, Inc. (NYSE:MSI) during the 2nd quarter, Holdings Channel.com reports. The institutional investor bought 591 shares of the communications equipment provider’s stock, valued at approximately $229,000.

Other hedge funds have also recently made changes to their positions in the company. Public Sector Pension Investment Board boosted its stake in Motorola Solutions by 72.2% during the second quarter. Public Sector Pension Investment Board now owns 6,392 shares of the communications equipment provider’s stock worth $2,468,000 after buying an additional 2,680 shares during the period. Cyrus J. Lawrence LLC lifted its holdings in shares of Motorola Solutions by 0.8% in the 2nd quarter. Cyrus J. Lawrence LLC now owns 23,305 shares of the communications equipment provider’s stock worth $8,996,000 after acquiring an additional 182 shares during the last quarter. DRW Securities LLC purchased a new position in shares of Motorola Solutions during the 2nd quarter worth about $522,000. Fidelis Capital Partners LLC boosted its stake in shares of Motorola Solutions by 4.3% during the 2nd quarter. Fidelis Capital Partners LLC now owns 2,201 shares of the communications equipment provider’s stock worth $890,000 after purchasing an additional 91 shares during the period. Finally, Frank Rimerman Advisors LLC grew its holdings in Motorola Solutions by 22,800.0% during the 2nd quarter. Frank Rimerman Advisors LLC now owns 1,832 shares of the communications equipment provider’s stock valued at $707,000 after purchasing an additional 1,824 shares during the last quarter. 84.17% of the stock is currently owned by hedge funds and other institutional investors.

Motorola Solutions Stock Performance

Shares of Motorola Solutions stock opened at $446.36 on Friday. 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’s fifty day moving average price is $424.22 and its 200-day moving average price is $384.73. The firm has a market cap of $74.45 billion, a P/E ratio of 55.17, a P/E/G ratio of 3.90 and a beta of 0.97. Motorola Solutions, Inc. has a 12 month low of $269.64 and a 12 month high of $452.00.

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

Motorola Solutions Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders 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 dividend yield of 0.88%. Motorola Solutions’s dividend payout ratio is presently 48.45%.

Insider Transactions at Motorola Solutions

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

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on MSI. Evercore ISI raised their price objective on shares of Motorola Solutions from $450.00 to $500.00 and gave the stock an “outperform” rating in a research note on Friday, August 30th. 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. Bank of America increased their target price 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 boosted their target price on shares of Motorola Solutions from $385.00 to $440.00 and gave the company a “buy” rating in a research note on Tuesday, August 6th. Finally, Barclays upped their price target 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. Eight research analysts have rated the stock with a buy rating, According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $466.17.

About Motorola Solutions

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.