E Fund Management Hong Kong Co. Ltd. Takes Position in Motorola Solutions, Inc. (NYSE:MSI)

E Fund Management Hong Kong Co. Ltd. acquired a new stake in shares of Motorola Solutions, Inc. (NYSE:MSI) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 69 shares of the communications equipment provider’s stock, valued at approximately $31,000.

A number of other institutional investors have also recently made changes to their positions in the stock. Goldstone Financial Group LLC purchased a new stake in shares of Motorola Solutions during the third quarter valued at approximately $378,000. Financial Advocates Investment Management boosted its stake in shares of Motorola Solutions by 8.7% during the third quarter. Financial Advocates Investment Management now owns 1,226 shares of the communications equipment provider’s stock valued at $551,000 after purchasing an additional 98 shares during the period. Oak Harvest Investment Services purchased a new stake in shares of Motorola Solutions during the third quarter valued at approximately $208,000. First Trust Direct Indexing L.P. boosted its stake in shares of Motorola Solutions by 19.4% during the third quarter. First Trust Direct Indexing L.P. now owns 6,468 shares of the communications equipment provider’s stock valued at $2,908,000 after purchasing an additional 1,053 shares during the period. Finally, New York State Teachers Retirement System boosted its stake in shares of Motorola Solutions by 1.3% during the third quarter. New York State Teachers Retirement System now owns 142,441 shares of the communications equipment provider’s stock valued at $64,046,000 after purchasing an additional 1,797 shares during the period. Hedge funds and other institutional investors own 84.17% of the company’s stock.

Insider Activity

In other news, COO John P. Molloy sold 23,985 shares of the firm’s stock in a transaction 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 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 sale 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.

Motorola Solutions Stock Performance

Shares of Motorola Solutions stock opened at $452.79 on Thursday. 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 firm has a market capitalization of $75.53 billion, a P/E ratio of 55.97, a P/E/G ratio of 3.96 and a beta of 0.97. The business has a fifty day simple moving average of $449.96 and a two-hundred day simple moving average of $403.37. Motorola Solutions, Inc. has a 12 month low of $276.19 and a 12 month high of $480.28.

Motorola Solutions (NYSE:MSI) last announced its quarterly earnings data 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. The business had revenue of $2.63 billion during the quarter, compared to analyst estimates 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 for the quarter was up 9.4% on a year-over-year basis. During the same quarter last year, the firm posted $2.41 earnings per share. On average, equities analysts forecast 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 was paid on Tuesday, October 15th. Stockholders of record on Friday, September 13th were issued a dividend of $0.98 per share. The ex-dividend date was Friday, September 13th. This represents a $3.92 annualized dividend and a dividend yield of 0.87%. Motorola Solutions’s payout ratio is presently 48.45%.

Analysts Set New Price Targets

A number of research firms have recently weighed in on MSI. Barclays increased their price objective on Motorola Solutions from $372.00 to $467.00 and gave the company an “overweight” rating in a research note on Friday, August 2nd. JPMorgan Chase & Co. raised their price target on Motorola Solutions from $436.00 to $440.00 and gave the stock an “overweight” rating in a research note on Friday, August 2nd. Evercore ISI raised 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. Jefferies Financial Group raised their price target on Motorola Solutions from $460.00 to $510.00 and gave the stock a “buy” rating in a research note on Tuesday, September 3rd. Finally, Deutsche Bank Aktiengesellschaft raised their price target on Motorola Solutions from $385.00 to $440.00 and gave the stock a “buy” rating in a research note on Tuesday, August 6th. Eight investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $479.50.

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.