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

O Shaughnessy Asset Management LLC grew its position in Motorola Solutions, Inc. (NYSE:MSI) by 29.4% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 4,220 shares of the communications equipment provider’s stock after acquiring an additional 959 shares during the quarter. O Shaughnessy Asset Management LLC’s holdings in Motorola Solutions were worth $915,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Geode Capital Management LLC lifted its stake in shares of Motorola Solutions by 2.0% in the 1st quarter. Geode Capital Management LLC now owns 2,818,330 shares of the communications equipment provider’s stock valued at $528,560,000 after purchasing an additional 55,757 shares in the last quarter. Alliancebernstein L.P. lifted its position in Motorola Solutions by 6.6% during the 2nd quarter. Alliancebernstein L.P. now owns 2,594,674 shares of the communications equipment provider’s stock worth $562,655,000 after acquiring an additional 160,167 shares in the last quarter. Amundi Asset Management US Inc. lifted its position in Motorola Solutions by 11.1% during the 1st quarter. Amundi Asset Management US Inc. now owns 2,075,150 shares of the communications equipment provider’s stock worth $390,218,000 after acquiring an additional 207,374 shares in the last quarter. Nuveen Asset Management LLC lifted its position in Motorola Solutions by 14.0% during the 1st quarter. Nuveen Asset Management LLC now owns 2,048,415 shares of the communications equipment provider’s stock worth $385,204,000 after acquiring an additional 251,618 shares in the last quarter. Finally, EdgePoint Investment Group Inc. lifted its position in Motorola Solutions by 2.0% during the 1st quarter. EdgePoint Investment Group Inc. now owns 1,921,454 shares of the communications equipment provider’s stock worth $361,329,000 after acquiring an additional 37,129 shares in the last quarter. 85.01% of the stock is currently owned by institutional investors and hedge funds.

Shares of NYSE MSI opened at $240.81 on Wednesday. Motorola Solutions, Inc. has a twelve month low of $149.81 and a twelve month high of $246.96. The company has a market capitalization of $40.78 billion, a price-to-earnings ratio of 36.21, a price-to-earnings-growth ratio of 3.26 and a beta of 0.77. The business has a 50 day simple moving average of $231.55 and a 200-day simple moving average of $208.60.

Motorola Solutions (NYSE:MSI) last issued its quarterly earnings results on Thursday, August 5th. The communications equipment provider reported $2.07 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.72 by $0.35. Motorola Solutions had a negative return on equity of 271.44% and a net margin of 14.64%. The business had revenue of $1.97 billion during the quarter, compared to the consensus estimate of $1.94 billion. Research analysts forecast that Motorola Solutions, Inc. will post 8.27 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, October 15th. Stockholders of record on Wednesday, September 15th will be issued a $0.71 dividend. The ex-dividend date is Tuesday, September 14th. This represents a $2.84 dividend on an annualized basis and a dividend yield of 1.18%. Motorola Solutions’s dividend payout ratio (DPR) is 39.89%.

In related news, CAO Daniel G. Pekofske sold 985 shares of the company’s stock in a transaction on Thursday, June 24th. The stock was sold at an average price of $215.00, for a total transaction of $211,775.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP John P. Molloy sold 6,040 shares of the company’s stock in a transaction on Monday, June 21st. The stock was sold at an average price of $208.53, for a total value of $1,259,521.20. The disclosure for this sale can be found here. 2.25% of the stock is currently owned by insiders.

Several research firms recently commented on MSI. Jefferies Financial Group reissued a “buy” rating and set a $260.00 price target (up from $230.00) on shares of Motorola Solutions in a research report on Tuesday, July 6th. Credit Suisse Group boosted their price target on Motorola Solutions from $301.00 to $307.00 and gave the stock an “outperform” rating in a research report on Friday, August 6th. Barclays boosted their price target on Motorola Solutions from $239.00 to $247.00 and gave the stock an “overweight” rating in a research report on Friday, August 6th. Raymond James boosted their price target on Motorola Solutions from $210.00 to $245.00 and gave the stock an “outperform” rating in a research report on Friday, August 6th. Finally, MKM Partners boosted their price target on Motorola Solutions from $222.00 to $260.00 and gave the stock a “buy” rating in a research report on Friday, August 6th. Three equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $220.64.

Motorola Solutions Profile

Motorola Solutions, Inc engages in the provision of communication infrastructure, devices, accessories, software and services. It operates through the following segments: Products & Systems Integration and Software & Services. The Products & Systems Integration segment offers an extensive portfolio of infrastructure, devices, accessories, video security devices and infrastructure, and the implementation and integration of such systems, devices, and applications.

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

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