Hsbc Holdings PLC Purchases 30,938 Shares of Motorola Solutions, Inc. (NYSE:MSI)

Hsbc Holdings PLC increased its position in Motorola Solutions, Inc. (NYSE:MSI) by 7.1% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 468,228 shares of the communications equipment provider’s stock after acquiring an additional 30,938 shares during the period. Hsbc Holdings PLC owned about 0.28% of Motorola Solutions worth $181,284,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in MSI. Beacon Capital Management LLC lifted its holdings in shares of Motorola Solutions by 71.8% during the second quarter. Beacon Capital Management LLC now owns 67 shares of the communications equipment provider’s stock valued at $26,000 after purchasing an additional 28 shares in the last quarter. Range Financial Group LLC lifted its stake in Motorola Solutions by 2.0% during the 2nd quarter. Range Financial Group LLC now owns 1,424 shares of the communications equipment provider’s stock valued at $550,000 after acquiring an additional 28 shares during the period. Pinnacle Associates Ltd. boosted its holdings in shares of Motorola Solutions by 2.5% during the 1st quarter. Pinnacle Associates Ltd. now owns 1,228 shares of the communications equipment provider’s stock valued at $436,000 after acquiring an additional 30 shares during 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. Finally, Forum Financial Management LP raised its holdings in shares of Motorola Solutions by 2.3% during the second quarter. Forum Financial Management LP now owns 1,350 shares of the communications equipment provider’s stock valued at $521,000 after purchasing an additional 30 shares during the last quarter. 84.17% of the stock is owned by institutional investors.

Motorola Solutions Trading Down 0.9 %

Shares of MSI opened at $439.16 on Wednesday. The company has a market cap of $73.25 billion, a P/E ratio of 54.28, a P/E/G ratio of 3.80 and a beta of 0.97. Motorola Solutions, Inc. has a twelve month low of $269.64 and a twelve month high of $448.98. The company’s fifty day simple moving average is $415.78 and its 200-day simple moving average is $379.25. The company has a current ratio of 1.20, a quick ratio of 1.03 and a debt-to-equity ratio of 7.03.

Motorola Solutions (NYSE:MSI) last announced its earnings results on Thursday, August 1st. The communications equipment provider reported $3.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.01 by $0.23. The business had revenue of $2.63 billion during the quarter, compared to analyst estimates of $2.59 billion. Motorola Solutions had a return on equity of 337.36% and a net margin of 14.04%. The company’s revenue for the quarter was up 9.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.41 earnings per share. As a group, analysts expect that Motorola Solutions, Inc. will post 12.22 EPS for the current year.

Motorola Solutions Dividend Announcement

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 given a dividend of $0.98 per share. The ex-dividend date is Friday, September 13th. This represents a $3.92 annualized dividend and a dividend yield of 0.89%. Motorola Solutions’s dividend payout ratio (DPR) is 48.45%.

Insider Transactions at Motorola Solutions

In related news, COO John P. Molloy sold 23,985 shares of the firm’s stock in a transaction dated 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 transaction, the chief operating officer now 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 is available at this link. Corporate insiders own 1.50% of the company’s stock.

Analyst Ratings Changes

A number of research firms have commented on MSI. Bank of America lifted their target price on shares of Motorola Solutions from $370.00 to $440.00 and gave the stock a “buy” rating in a research report on Thursday, July 18th. JPMorgan Chase & Co. upped their price objective on Motorola Solutions from $436.00 to $440.00 and gave the company an “overweight” rating in a research report on Friday, August 2nd. Evercore ISI raised their target price on Motorola Solutions from $450.00 to $500.00 and gave the stock an “outperform” rating in a research report on Friday, August 30th. Deutsche Bank Aktiengesellschaft upped their price target on shares of Motorola Solutions from $385.00 to $440.00 and gave the company a “buy” rating in a research report on Tuesday, August 6th. Finally, Jefferies Financial Group upped their target price on shares of Motorola Solutions from $460.00 to $510.00 and gave the company a “buy” rating in a report on Tuesday, September 3rd. Eight analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock has an average rating of “Buy” and an average 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.