Morse Asset Management Inc Purchases Shares of 915 Motorola Solutions, Inc. (NYSE:MSI)

Morse Asset Management Inc purchased a new stake in Motorola Solutions, Inc. (NYSE:MSI) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 915 shares of the communications equipment provider’s stock, valued at approximately $325,000.

A number of other hedge funds have also recently bought and sold shares of MSI. Norges Bank bought a new position in Motorola Solutions in the fourth quarter valued at approximately $646,341,000. Alphinity Investment Management Pty Ltd bought a new position in shares of Motorola Solutions during the 4th quarter worth approximately $339,283,000. Groupama Asset Managment bought a new position in shares of Motorola Solutions during the 4th quarter worth approximately $178,361,000. M&G Plc bought a new position in shares of Motorola Solutions during the 1st quarter worth approximately $68,131,000. Finally, International Assets Investment Management LLC boosted its stake in shares of Motorola Solutions by 1,208.6% during the 4th quarter. International Assets Investment Management LLC now owns 191,611 shares of the communications equipment provider’s stock worth $59,991,000 after acquiring an additional 176,968 shares during the period. 84.17% of the stock is currently owned by institutional investors.

Motorola Solutions Stock Performance

MSI traded up $8.06 during trading on Friday, hitting $393.71. The stock had a trading volume of 408,125 shares, compared to its average volume of 595,419. The company has a 50 day moving average price of $380.87 and a 200-day moving average price of $353.40. The firm has a market cap of $65.67 billion, a price-to-earnings ratio of 48.67, a P/E/G ratio of 3.44 and a beta of 0.94. Motorola Solutions, Inc. has a one year low of $269.64 and a one year high of $399.62. The company has a debt-to-equity ratio of 11.16, a current ratio of 1.19 and a quick ratio of 1.01.

Motorola Solutions (NYSE:MSI) last released its quarterly earnings results on Thursday, May 2nd. The communications equipment provider reported $2.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.27 by $0.29. The business had revenue of $2.39 billion during the quarter, compared to the consensus estimate of $2.34 billion. Motorola Solutions had a return on equity of 398.16% and a net margin of 13.64%. As a group, research analysts predict that Motorola Solutions, Inc. will post 12.07 EPS for the current year.

Motorola Solutions Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, July 15th. Shareholders of record on Friday, June 14th were issued a $0.98 dividend. The ex-dividend date was Friday, June 14th. This represents a $3.92 annualized dividend and a yield of 1.00%. Motorola Solutions’s dividend payout ratio is presently 48.45%.

Insider Buying and Selling at Motorola Solutions

In other Motorola Solutions news, CAO Katherine A. Maher sold 2,615 shares of Motorola Solutions stock in a transaction on Tuesday, May 7th. The stock was sold at an average price of $354.68, for a total value of $927,488.20. Following the completion of the transaction, the chief accounting officer now directly owns 1,138 shares of the company’s stock, valued at approximately $403,625.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Motorola Solutions news, CAO Katherine A. Maher sold 2,615 shares of Motorola Solutions stock in a transaction on Tuesday, May 7th. The stock was sold at an average price of $354.68, for a total value of $927,488.20. Following the completion of the transaction, the chief accounting officer now directly owns 1,138 shares of the company’s stock, valued at approximately $403,625.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Kenneth D. Denman sold 690 shares of the business’s stock in a transaction on Friday, June 7th. The stock was sold at an average price of $373.11, for a total value of $257,445.90. Following the transaction, the director now directly owns 8,141 shares of the company’s stock, valued at approximately $3,037,488.51. The disclosure for this sale can be found here. Insiders sold 9,389 shares of company stock valued at $3,446,461 in the last three months. Corporate insiders own 1.50% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently commented on MSI shares. Bank of America lifted 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. JPMorgan Chase & Co. lifted their target price on Motorola Solutions from $400.00 to $405.00 and gave the stock an “overweight” rating in a research note on Friday, May 3rd. Deutsche Bank Aktiengesellschaft lifted their target price on Motorola Solutions from $375.00 to $385.00 and gave the stock a “buy” rating in a research note on Monday, June 3rd. Finally, Barclays lifted their target price on Motorola Solutions from $362.00 to $372.00 and gave the stock an “overweight” rating in a research note on Friday, May 3rd. One investment analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $374.57.

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.