Highland Capital Management LLC Invests $1.23 Million in Motorola Solutions, Inc. (NYSE:MSI)

Highland Capital Management LLC acquired a new position in Motorola Solutions, Inc. (NYSE:MSI) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 2,741 shares of the communications equipment provider’s stock, valued at approximately $1,232,000.

Several other large investors have also modified their holdings of the business. Brookstone Capital Management grew its position in Motorola Solutions by 17.6% in the 1st quarter. Brookstone Capital Management now owns 881 shares of the communications equipment provider’s stock valued at $313,000 after acquiring an additional 132 shares during the last quarter. Physician Wealth Advisors Inc. bought a new stake in Motorola Solutions during the 1st quarter valued at about $206,000. Aviance Capital Partners LLC purchased a new stake in Motorola Solutions in the 1st quarter valued at about $204,000. Diversified Trust Co grew its stake in Motorola Solutions by 1.1% in the 1st quarter. Diversified Trust Co now owns 4,047 shares of the communications equipment provider’s stock worth $1,437,000 after acquiring an additional 43 shares in the last quarter. Finally, Little House Capital LLC purchased a new position in shares of Motorola Solutions during the first quarter worth approximately $698,000. Hedge funds and other institutional investors own 84.17% of the company’s stock.

Motorola Solutions Trading Down 0.7 %

NYSE:MSI opened at $462.32 on Friday. The stock has a market capitalization of $77.13 billion, a price-to-earnings ratio of 54.14, a PEG ratio of 3.96 and a beta of 0.97. Motorola Solutions, Inc. has a 52 week low of $271.73 and a 52 week high of $480.28. The company has a quick ratio of 1.03, a current ratio of 1.20 and a debt-to-equity ratio of 7.03. The firm has a 50 day moving average of $448.08 and a 200 day moving average of $401.07.

Motorola Solutions (NYSE:MSI) last issued 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 business 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 business’s quarterly revenue was up 9.4% on a year-over-year basis. During the same period in the prior year, the firm posted $2.41 earnings per share. As a group, sell-side analysts anticipate that Motorola Solutions, Inc. will post 12.22 earnings per share for the current fiscal year.

Motorola Solutions Announces Dividend

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

Wall Street Analyst Weigh In

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

Insider Activity

In related news, COO John P. Molloy sold 23,985 shares of Motorola Solutions stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of $407.50, for a total value of $9,773,887.50. Following the completion of the sale, 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 1.50% of the company’s stock.

Motorola Solutions Company 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.