Pacer Advisors Inc. Grows Position in Motorola Solutions, Inc. (MSI)

Pacer Advisors Inc. lifted its position in Motorola Solutions, Inc. (NYSE:MSI) by 8.1% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,473 shares of the communications equipment provider’s stock after acquiring an additional 261 shares during the period. Pacer Advisors Inc.’s holdings in Motorola Solutions were worth $301,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Schwab Charles Investment Management Inc. increased its position in shares of Motorola Solutions by 6.6% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 624,195 shares of the communications equipment provider’s stock valued at $54,143,000 after acquiring an additional 38,642 shares during the period. First Foundation Advisors increased its position in shares of Motorola Solutions by 56.2% in the 1st quarter. First Foundation Advisors now owns 14,192 shares of the communications equipment provider’s stock valued at $1,224,000 after acquiring an additional 5,107 shares during the period. Renaissance Technologies LLC increased its position in shares of Motorola Solutions by 51.5% in the 1st quarter. Renaissance Technologies LLC now owns 1,797,415 shares of the communications equipment provider’s stock valued at $154,973,000 after acquiring an additional 610,650 shares during the period. Highbridge Capital Management LLC acquired a new position in shares of Motorola Solutions in the 1st quarter valued at $9,289,000. Finally, BKD Wealth Advisors LLC increased its position in shares of Motorola Solutions by 11.5% in the 2nd quarter. BKD Wealth Advisors LLC now owns 6,353 shares of the communications equipment provider’s stock valued at $551,000 after acquiring an additional 657 shares during the period. 87.70% of the stock is currently owned by hedge funds and other institutional investors.

Several equities analysts recently issued reports on the company. UBS AG raised Motorola Solutions from a “market perform” rating to an “outperform” rating in a research report on Monday, May 22nd. Cowen and Company reissued a “market perform” rating and issued a $83.00 target price (up from $75.00) on shares of Motorola Solutions in a research report on Wednesday, August 9th. Zacks Investment Research raised Motorola Solutions from a “sell” rating to a “hold” rating and set a $99.00 target price on the stock in a research report on Tuesday, August 8th. Deutsche Bank AG upped their target price on Motorola Solutions from $73.00 to $78.00 and gave the company a “hold” rating in a research report on Monday, August 7th. Finally, Raymond James Financial, Inc. raised Motorola Solutions from a “market perform” rating to an “outperform” rating and upped their target price for the company from $62.76 to $95.00 in a research report on Monday, May 22nd. They noted that the move was a valuation call. Four analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Motorola Solutions currently has an average rating of “Buy” and an average price target of $94.17.

In other Motorola Solutions news, EVP Bruce W. Brda sold 25,299 shares of Motorola Solutions stock in a transaction on Monday, August 7th. The shares were sold at an average price of $89.11, for a total value of $2,254,393.89. Following the transaction, the executive vice president now directly owns 23,829 shares in the company, valued at $2,123,402.19. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Eduardo F. Conrado sold 6,998 shares of Motorola Solutions stock in a transaction on Tuesday, August 8th. The shares were sold at an average price of $89.13, for a total transaction of $623,731.74. Following the completion of the transaction, the executive vice president now owns 22,858 shares in the company, valued at $2,037,333.54. The disclosure for this sale can be found here. Insiders own 2.50% of the company’s stock.

Shares of Motorola Solutions, Inc. (MSI) opened at 87.74 on Wednesday. The firm has a market capitalization of $14.27 billion, a P/E ratio of 23.14 and a beta of 0.33. Motorola Solutions, Inc. has a 12 month low of $71.24 and a 12 month high of $93.75. The firm’s 50-day moving average price is $88.37 and its 200 day moving average price is $85.63.

Motorola Solutions (NYSE:MSI) last posted its quarterly earnings data on Thursday, August 3rd. The communications equipment provider reported $1.06 EPS for the quarter, beating analysts’ consensus estimates of $0.99 by $0.07. The company had revenue of $1.50 billion for the quarter, compared to analyst estimates of $1.46 billion. Motorola Solutions had a net margin of 10.38% and a negative return on equity of 93.44%. Motorola Solutions’s quarterly revenue was up 4.7% on a year-over-year basis. During the same period in the previous year, the business posted $1.03 earnings per share. Analysts anticipate that Motorola Solutions, Inc. will post $5.29 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 13th. Shareholders of record on Friday, September 15th will be paid a $0.47 dividend. The ex-dividend date is Thursday, September 14th. This represents a $1.88 dividend on an annualized basis and a yield of 2.14%. Motorola Solutions’s dividend payout ratio is presently 49.60%.

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About Motorola Solutions

Motorola Solutions, Inc is a provider of communication infrastructure, devices, accessories, software and services. The Company operates through two segments: Products and Services. The Company’s Products segment offers a portfolio of infrastructure, devices, accessories and software. The Products segment has two product lines: Devices and Systems.

Institutional Ownership by Quarter for Motorola Solutions (NYSE:MSI)

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