SRN Advisors LLC Has $1.14 Million Stock Position in Motorola Solutions, Inc. (NYSE:MSI)

SRN Advisors LLC lowered its position in shares of Motorola Solutions, Inc. (NYSE:MSI) by 3.9% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,526 shares of the communications equipment provider’s stock after selling 103 shares during the quarter. SRN Advisors LLC’s holdings in Motorola Solutions were worth $1,136,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in MSI. MFA Wealth Advisors LLC bought a new stake in shares of Motorola Solutions during the second quarter worth approximately $25,000. Beacon Capital Management LLC grew its holdings in Motorola Solutions by 71.8% during the 2nd quarter. Beacon Capital Management LLC now owns 67 shares of the communications equipment provider’s stock worth $26,000 after acquiring an additional 28 shares during the period. LRI Investments LLC raised its position in shares of Motorola Solutions by 871.4% during the 2nd quarter. LRI Investments LLC now owns 68 shares of the communications equipment provider’s stock valued at $26,000 after acquiring an additional 61 shares during the last quarter. Crewe Advisors LLC acquired a new position in shares of Motorola Solutions in the 1st quarter valued at $28,000. Finally, Triad Wealth Partners LLC acquired a new position in shares of Motorola Solutions in the 2nd quarter valued at $29,000. Institutional investors and hedge funds own 84.17% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently commented on MSI. Evercore ISI upped their price objective on Motorola Solutions from $450.00 to $500.00 and gave the company an “outperform” rating in a report on Friday, August 30th. Deutsche Bank Aktiengesellschaft upped their price target on Motorola Solutions from $385.00 to $440.00 and gave the company a “buy” rating in a research note on Tuesday, August 6th. Barclays lifted their price objective on shares of Motorola Solutions from $372.00 to $467.00 and gave the stock an “overweight” rating in a research note on Friday, August 2nd. Bank of America upped their target price on shares of Motorola Solutions from $440.00 to $520.00 and gave the company a “buy” rating in a research note on Wednesday. Finally, JPMorgan Chase & Co. increased their target price on shares of Motorola Solutions from $436.00 to $440.00 and gave the stock an “overweight” rating in a report on Friday, August 2nd. Eight investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, Motorola Solutions presently has an average rating of “Buy” and a consensus target price of $479.50.

Motorola Solutions Stock Down 0.7 %

Shares of MSI stock opened at $462.32 on Friday. The company has a market capitalization of $77.13 billion, a price-to-earnings ratio of 54.14, a P/E/G ratio of 3.96 and a beta of 0.97. Motorola Solutions, Inc. has a 12-month low of $271.73 and a 12-month high of $480.28. The firm has a fifty day moving average of $448.08 and a 200-day moving average of $401.07. The company has a quick ratio of 1.03, a current ratio of 1.20 and a debt-to-equity ratio of 7.03.

Motorola Solutions (NYSE:MSI) last released its earnings results on Thursday, August 1st. The communications equipment provider reported $3.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.01 by $0.23. The firm had revenue of $2.63 billion during the quarter, compared to analysts’ expectations of $2.59 billion. Motorola Solutions had a return on equity of 337.36% and a net margin of 14.04%. The company’s revenue was up 9.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.41 EPS. As a group, equities research analysts predict that Motorola Solutions, Inc. will post 12.22 earnings per share for the current fiscal year.

Motorola Solutions Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Friday, September 13th were issued a $0.98 dividend. This represents a $3.92 annualized dividend and a dividend yield of 0.85%. The ex-dividend date of this dividend was Friday, September 13th. Motorola Solutions’s payout ratio is 45.90%.

Insider Activity at Motorola Solutions

In other Motorola Solutions news, COO John P. Molloy sold 23,985 shares of the firm’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 value of $9,773,887.50. Following the completion of the transaction, the chief operating officer now directly owns 46,821 shares in the company, valued at $19,079,557.50. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.50% of the stock is owned by company insiders.

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.