Motorola Solutions, Inc. (NYSE:MSI) Shares Acquired by Acadian Asset Management LLC

Acadian Asset Management LLC increased its holdings in shares of Motorola Solutions, Inc. (NYSE:MSI) by 19.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 371,081 shares of the communications equipment provider’s stock after acquiring an additional 60,222 shares during the quarter. Acadian Asset Management LLC owned approximately 0.22% of Motorola Solutions worth $143,230,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. State Board of Administration of Florida Retirement System grew its holdings in shares of Motorola Solutions by 8.9% during the first quarter. State Board of Administration of Florida Retirement System now owns 189,360 shares of the communications equipment provider’s stock valued at $67,219,000 after purchasing an additional 15,488 shares during the last quarter. Corient Private Wealth LLC increased its position in Motorola Solutions by 15.6% in the fourth quarter. Corient Private Wealth LLC now owns 24,237 shares of the communications equipment provider’s stock worth $7,589,000 after buying an additional 3,278 shares during the period. First Foundation Advisors increased its position in Motorola Solutions by 37.7% in the first quarter. First Foundation Advisors now owns 354 shares of the communications equipment provider’s stock worth $126,000 after buying an additional 97 shares during the period. BDF Gestion bought a new stake in Motorola Solutions in the second quarter valued at $7,377,000. Finally, Cambridge Investment Research Advisors Inc. grew its position in shares of Motorola Solutions by 29.8% during the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 20,036 shares of the communications equipment provider’s stock worth $6,273,000 after acquiring an additional 4,594 shares during the last quarter. Institutional investors own 84.17% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the stock. Bank of America lifted their price objective on shares of Motorola Solutions from $370.00 to $440.00 and gave the company a “buy” rating in a research report on Thursday, July 18th. Jefferies Financial Group lifted their price target on Motorola Solutions from $460.00 to $510.00 and gave the company a “buy” rating in a report on Tuesday, September 3rd. Evercore ISI increased their price objective on Motorola Solutions from $450.00 to $500.00 and gave the stock an “outperform” rating in a report on Friday, August 30th. JPMorgan Chase & Co. lifted their target price on Motorola Solutions from $436.00 to $440.00 and gave the company an “overweight” rating in a research note on Friday, August 2nd. Finally, Barclays increased their price target on Motorola Solutions from $372.00 to $467.00 and gave the stock an “overweight” rating in a research note on Friday, August 2nd. Eight research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $466.17.

Motorola Solutions Stock Performance

Shares of NYSE MSI opened at $431.50 on Friday. The stock has a fifty day moving average price of $408.50 and a two-hundred day moving average price of $373.55. Motorola Solutions, Inc. has a 1 year low of $269.64 and a 1 year high of $448.98. The firm has a market cap of $71.97 billion, a P/E ratio of 53.34, a PEG ratio of 3.85 and a beta of 0.97. The company has a debt-to-equity ratio of 7.03, a quick ratio of 1.03 and a current ratio of 1.20.

Motorola Solutions (NYSE:MSI) last issued its earnings results on Thursday, August 1st. The communications equipment provider reported $3.24 earnings per share 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 net margin of 14.04% and a return on equity of 337.36%. The firm’s revenue for the quarter was up 9.4% compared to the same quarter last year. During the same period last year, the firm posted $2.41 earnings per share. Research analysts forecast that Motorola Solutions, Inc. will post 12.22 EPS for the current fiscal year.

Motorola Solutions Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Friday, September 13th will be paid a dividend of $0.98 per share. This represents a $3.92 dividend on an annualized basis and a yield of 0.91%. The ex-dividend date is Friday, September 13th. Motorola Solutions’s dividend payout ratio is presently 48.45%.

Insiders Place Their Bets

In related news, SVP Rajan Naik sold 5,274 shares of the firm’s stock in a transaction that occurred on Thursday, June 13th. The shares were sold at an average price of $373.81, for a total value of $1,971,473.94. Following the completion of the transaction, the senior vice president now owns 8,939 shares of the company’s stock, valued at approximately $3,341,487.59. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, SVP Rajan Naik sold 5,274 shares of the company’s stock in a transaction on Thursday, June 13th. The stock was sold at an average price of $373.81, for a total transaction of $1,971,473.94. Following the transaction, the senior vice president now directly owns 8,939 shares of the company’s stock, valued at $3,341,487.59. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, COO John P. Molloy sold 23,985 shares of the firm’s 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 sale, the chief operating officer now owns 46,821 shares of the company’s stock, valued at $19,079,557.50. The disclosure for this sale can be found here. Corporate insiders own 1.50% of the company’s stock.

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.