Edgestream Partners L.P. Boosts Position in Motorola Solutions, Inc. (NYSE:MSI)

Edgestream Partners L.P. grew its holdings in Motorola Solutions, Inc. (NYSE:MSI) by 153.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 19,096 shares of the communications equipment provider’s stock after acquiring an additional 11,550 shares during the period. Edgestream Partners L.P.’s holdings in Motorola Solutions were worth $7,372,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Avantax Advisory Services Inc. lifted its position in Motorola Solutions by 28.3% during the fourth quarter. Avantax Advisory Services Inc. now owns 2,241 shares of the communications equipment provider’s stock valued at $701,000 after purchasing an additional 494 shares during the period. Janney Montgomery Scott LLC raised its stake in shares of Motorola Solutions by 10.9% during the 4th quarter. Janney Montgomery Scott LLC now owns 25,925 shares of the communications equipment provider’s stock valued at $8,117,000 after buying an additional 2,546 shares during the last quarter. Beacon Pointe Advisors LLC lifted its holdings in shares of Motorola Solutions by 0.7% in the 4th quarter. Beacon Pointe Advisors LLC now owns 4,754 shares of the communications equipment provider’s stock valued at $1,488,000 after buying an additional 32 shares during the period. Norges Bank purchased a new stake in shares of Motorola Solutions in the fourth quarter worth about $646,341,000. Finally, Motco boosted its stake in shares of Motorola Solutions by 137.5% in the fourth quarter. Motco now owns 95 shares of the communications equipment provider’s stock worth $30,000 after buying an additional 55 shares during the last quarter. Institutional investors and hedge funds own 84.17% of the company’s stock.

Insider Activity

In related news, COO John P. Molloy sold 23,985 shares of the business’s 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 sale, the chief operating officer now directly owns 46,821 shares in the company, valued at $19,079,557.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 1.50% of the company’s stock.

Wall Street Analyst Weigh In

MSI has been the subject of a number of analyst reports. JPMorgan Chase & Co. boosted their price target on Motorola Solutions from $436.00 to $440.00 and gave the company 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 company a “buy” rating in a report on Thursday, July 18th. Evercore ISI increased their price target on shares of Motorola Solutions from $450.00 to $500.00 and gave the stock an “outperform” rating in a report on Friday, August 30th. Barclays lifted their price objective on shares of Motorola Solutions from $372.00 to $467.00 and gave the company an “overweight” rating in a report on Friday, August 2nd. Finally, Jefferies Financial Group increased their target price on shares of Motorola Solutions from $460.00 to $510.00 and gave the stock a “buy” rating in a research note on Tuesday, September 3rd. Eight analysts have rated the stock with a buy rating, Based on data from MarketBeat, Motorola Solutions has an average rating of “Buy” and an average price target of $466.17.

Motorola Solutions Price Performance

Shares of NYSE MSI opened at $443.24 on Tuesday. The company has a debt-to-equity ratio of 7.03, a quick ratio of 1.03 and a current ratio of 1.20. The firm has a market cap of $73.93 billion, a PE ratio of 54.79, a PEG ratio of 3.80 and a beta of 0.97. Motorola Solutions, Inc. has a one year low of $269.64 and a one year high of $448.98. The firm has a fifty day moving average of $414.82 and a 200 day moving average of $378.52.

Motorola Solutions (NYSE:MSI) last released its earnings results on Thursday, August 1st. The communications equipment provider reported $3.24 EPS for the quarter, topping 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 business had revenue of $2.63 billion during the quarter, compared to analysts’ expectations of $2.59 billion. During the same quarter in the previous year, the company earned $2.41 earnings per share. The company’s quarterly revenue was up 9.4% on a year-over-year basis. As a group, research analysts predict 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. 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 payout ratio is currently 48.45%.

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.