Motorola Solutions, Inc. (NYSE:MSI) Shares Sold by Bokf Na

Bokf Na lowered its stake in Motorola Solutions, Inc. (NYSE:MSI) by 16.6% during the second quarter, Holdings Channel.com reports. The firm owned 18,921 shares of the communications equipment provider’s stock after selling 3,769 shares during the quarter. Bokf Na’s holdings in Motorola Solutions were worth $7,304,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in MSI. MFA Wealth Advisors LLC acquired a new position in Motorola Solutions during the 2nd quarter worth approximately $25,000. Beacon Capital Management LLC grew its stake in shares of Motorola Solutions by 71.8% during the second quarter. Beacon Capital Management LLC now owns 67 shares of the communications equipment provider’s stock worth $26,000 after purchasing an additional 28 shares in the last quarter. LRI Investments LLC increased its holdings in Motorola Solutions by 871.4% in the second quarter. LRI Investments LLC now owns 68 shares of the communications equipment provider’s stock valued at $26,000 after buying an additional 61 shares during the last quarter. Crewe Advisors LLC purchased a new position in Motorola Solutions in the first quarter valued at $28,000. Finally, Private Wealth Management Group LLC acquired a new stake in Motorola Solutions in the fourth quarter valued at $29,000. Hedge funds and other institutional investors own 84.17% of the company’s stock.

Motorola Solutions Stock Up 0.9 %

Shares of NYSE:MSI opened at $439.91 on Friday. Motorola Solutions, Inc. has a 1-year low of $269.64 and a 1-year high of $448.98. The company has a debt-to-equity ratio of 7.03, a current ratio of 1.20 and a quick ratio of 1.03. The stock has a market cap of $73.39 billion, a P/E ratio of 54.38, a P/E/G ratio of 3.80 and a beta of 0.97. The firm has a fifty day moving average price of $412.66 and a 200 day moving average price of $376.28.

Motorola Solutions (NYSE:MSI) last posted 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 firm had revenue of $2.63 billion during the quarter, compared to the consensus estimate of $2.59 billion. Motorola Solutions had a return on equity of 337.36% and a net margin of 14.04%. The firm’s revenue was up 9.4% compared to the same quarter last year. During the same period in the prior year, the business earned $2.41 EPS. Sell-side analysts predict that Motorola Solutions, Inc. will post 12.22 EPS for the current year.

Motorola Solutions Announces Dividend

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 given a dividend of $0.98 per share. The ex-dividend date is Friday, September 13th. This represents a $3.92 dividend on an annualized basis and a yield of 0.89%. Motorola Solutions’s payout ratio is currently 48.45%.

Insider Transactions at Motorola Solutions

In other news, COO John P. Molloy sold 23,985 shares of the business’s stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $407.50, for a total transaction of $9,773,887.50. Following the transaction, 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 SEC, which is available at this hyperlink. Company insiders own 1.50% of the company’s stock.

Analyst Ratings Changes

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

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.