Janus Henderson Group PLC Acquires 335,496 Shares of Motorola Solutions, Inc. (NYSE:MSI)

Janus Henderson Group PLC grew its holdings in Motorola Solutions, Inc. (NYSE:MSI) by 1,477.3% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 358,206 shares of the communications equipment provider’s stock after purchasing an additional 335,496 shares during the period. Janus Henderson Group PLC owned about 0.21% of Motorola Solutions worth $127,149,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of MSI. Pinnacle Associates Ltd. increased its holdings in Motorola Solutions by 2.5% in the 1st quarter. Pinnacle Associates Ltd. now owns 1,228 shares of the communications equipment provider’s stock worth $436,000 after buying an additional 30 shares in the last quarter. Rehmann Capital Advisory Group grew its stake in shares of Motorola Solutions by 1.0% in the first quarter. Rehmann Capital Advisory Group now owns 2,910 shares of the communications equipment provider’s stock worth $1,033,000 after acquiring an additional 30 shares during the period. Beacon Pointe Advisors LLC raised its holdings in shares of Motorola Solutions by 0.7% during the fourth quarter. Beacon Pointe Advisors LLC now owns 4,754 shares of the communications equipment provider’s stock valued at $1,488,000 after purchasing an additional 32 shares during the last quarter. Valley National Advisers Inc. lifted its position in Motorola Solutions by 21.3% during the fourth quarter. Valley National Advisers Inc. now owns 188 shares of the communications equipment provider’s stock valued at $58,000 after purchasing an additional 33 shares during the period. Finally, Wedmont Private Capital boosted its holdings in Motorola Solutions by 1.2% in the first quarter. Wedmont Private Capital now owns 2,788 shares of the communications equipment provider’s stock worth $984,000 after purchasing an additional 34 shares during the last quarter. Hedge funds and other institutional investors own 84.17% of the company’s stock.

Motorola Solutions Price Performance

Shares of MSI stock traded up $3.27 on Wednesday, reaching $398.60. The company’s stock had a trading volume of 109,547 shares, compared to its average volume of 648,438. The stock’s fifty day simple moving average is $381.92 and its 200-day simple moving average is $354.52. Motorola Solutions, Inc. has a 1 year low of $269.64 and a 1 year high of $402.56. The company has a market capitalization of $66.49 billion, a price-to-earnings ratio of 48.87, a price-to-earnings-growth ratio of 3.46 and a beta of 0.94. The company has a current ratio of 1.19, a quick ratio of 1.01 and a debt-to-equity ratio of 11.16.

Motorola Solutions (NYSE:MSI) last issued its quarterly earnings data on Thursday, May 2nd. The communications equipment provider reported $2.56 EPS for the quarter, topping analysts’ consensus estimates of $2.27 by $0.29. Motorola Solutions had a net margin of 13.64% and a return on equity of 398.16%. The business had revenue of $2.39 billion during the quarter, compared to analysts’ expectations of $2.34 billion. Analysts forecast that Motorola Solutions, Inc. will post 12.07 earnings per share for the current fiscal year.

Motorola Solutions Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, July 15th. Shareholders of record on Friday, June 14th were given a dividend of $0.98 per share. The ex-dividend date of this dividend was Friday, June 14th. This represents a $3.92 dividend on an annualized basis and a yield of 0.98%. Motorola Solutions’s dividend payout ratio (DPR) is presently 48.45%.

Insider Buying and Selling at Motorola Solutions

In other news, Director Kenneth D. Denman sold 690 shares of Motorola Solutions stock in a transaction that occurred on Friday, June 7th. The stock was sold at an average price of $373.11, for a total value of $257,445.90. Following the completion of the transaction, the director now owns 8,141 shares in the company, valued at approximately $3,037,488.51. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, Director Kenneth D. Denman sold 690 shares of the stock in a transaction on Friday, June 7th. The shares were sold at an average price of $373.11, for a total value of $257,445.90. Following the sale, the director now owns 8,141 shares of the company’s stock, valued at $3,037,488.51. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP Rajan Naik sold 5,274 shares of Motorola Solutions stock in a transaction dated Thursday, June 13th. The stock was sold at an average price of $373.81, for a total transaction of $1,971,473.94. Following the transaction, the senior vice president now directly owns 8,939 shares of the company’s stock, valued at $3,341,487.59. The disclosure for this sale can be found here. Insiders have sold a total of 9,389 shares of company stock worth $3,446,461 over the last ninety days. Company insiders own 1.50% of the company’s stock.

Wall Street Analysts Forecast Growth

MSI has been the subject of a number of research reports. JPMorgan Chase & Co. boosted their target price on shares of Motorola Solutions from $400.00 to $405.00 and gave the company an “overweight” rating in a research note on Friday, May 3rd. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Motorola Solutions from $375.00 to $385.00 and gave the company a “buy” rating in a research report on Monday, June 3rd. Barclays boosted their price objective on shares of Motorola Solutions from $362.00 to $372.00 and gave the company an “overweight” rating in a research report on Friday, May 3rd. Finally, Bank of America boosted their target price on shares of Motorola Solutions from $370.00 to $440.00 and gave the stock a “buy” rating in a report on Thursday, July 18th. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $374.57.

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.