Motorola Solutions, Inc. (NYSE:MSI) Shares Purchased by Edgestream Partners L.P.

Edgestream Partners L.P. boosted its stake in shares of Motorola Solutions, Inc. (NYSE:MSI) by 153.1% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 19,096 shares of the communications equipment provider’s stock after buying an additional 11,550 shares during the period. Edgestream Partners L.P.’s holdings in Motorola Solutions were worth $7,372,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in MSI. MFA Wealth Advisors LLC purchased a new position in shares of Motorola Solutions during the 2nd quarter worth $25,000. Beacon Capital Management LLC boosted 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 valued at $26,000 after acquiring an additional 28 shares during the period. LRI Investments LLC boosted its stake in shares of 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 purchasing an additional 61 shares during the period. Triad Wealth Partners LLC acquired a new position in shares of Motorola Solutions in the second quarter worth $29,000. Finally, Crewe Advisors LLC acquired a new position in shares of Motorola Solutions in the first quarter worth $28,000. 84.17% of the stock is currently owned by hedge funds and other institutional investors.

Motorola Solutions Stock Performance

Shares of MSI stock opened at $443.24 on Tuesday. The stock’s 50-day moving average is $414.82 and its two-hundred day moving average is $378.52. 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, Inc. has a 1 year low of $269.64 and a 1 year high of $448.98. The firm has a market cap of $73.93 billion, a price-to-earnings ratio of 54.79, a PEG ratio of 3.80 and a beta of 0.97.

Motorola Solutions (NYSE:MSI) last released its quarterly 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 for 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 quarterly revenue was up 9.4% compared to the same quarter last year. During the same quarter last year, the business posted $2.41 EPS. Analysts predict that Motorola Solutions, Inc. will post 12.22 earnings per share for the current year.

Motorola Solutions Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Friday, September 13th will be issued a $0.98 dividend. The ex-dividend date is Friday, September 13th. This represents a $3.92 dividend on an annualized basis and a dividend yield of 0.88%. Motorola Solutions’s payout ratio is 48.45%.

Insider Transactions at Motorola Solutions

In other Motorola Solutions news, COO John P. Molloy sold 23,985 shares of the stock in a transaction that occurred 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 sale, the chief operating officer now directly owns 46,821 shares of the company’s stock, valued at approximately $19,079,557.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 1.50% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently commented on MSI. Jefferies Financial Group boosted their target price on Motorola Solutions from $460.00 to $510.00 and gave the stock a “buy” rating in a research note on Tuesday, September 3rd. JPMorgan Chase & Co. boosted their price objective on Motorola Solutions from $436.00 to $440.00 and gave the stock an “overweight” rating in a research report on Friday, August 2nd. Barclays raised their target price on shares of Motorola Solutions from $372.00 to $467.00 and gave the company an “overweight” rating in a report on Friday, August 2nd. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Motorola Solutions from $385.00 to $440.00 and gave the stock a “buy” rating in a report on Tuesday, August 6th. Finally, Evercore ISI raised their price objective on shares of Motorola Solutions from $450.00 to $500.00 and gave the company an “outperform” rating in a report on Friday, August 30th. Eight equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, Motorola Solutions currently has a consensus rating of “Buy” and a consensus price target 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.