Axecap Investments LLC Invests $3.76 Million in Motorola Solutions, Inc. (NYSE:MSI)

Axecap Investments LLC acquired a new position in Motorola Solutions, Inc. (NYSE:MSI) in the third quarter, Holdings Channel.com reports. The fund acquired 8,358 shares of the communications equipment provider’s stock, valued at approximately $3,758,000. Motorola Solutions accounts for approximately 2.8% of Axecap Investments LLC’s holdings, making the stock its 7th largest holding.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Greenleaf Trust raised its stake in Motorola Solutions by 0.8% in the 3rd quarter. Greenleaf Trust now owns 5,436 shares of the communications equipment provider’s stock worth $2,444,000 after acquiring an additional 44 shares during the last quarter. Commerzbank Aktiengesellschaft FI raised its stake in Motorola Solutions by 48.3% in the 3rd quarter. Commerzbank Aktiengesellschaft FI now owns 820 shares of the communications equipment provider’s stock worth $369,000 after acquiring an additional 267 shares during the last quarter. Meadow Creek Wealth Advisors LLC raised its stake in Motorola Solutions by 2.3% in the 3rd quarter. Meadow Creek Wealth Advisors LLC now owns 2,306 shares of the communications equipment provider’s stock worth $1,037,000 after acquiring an additional 52 shares during the last quarter. Accordant Advisory Group Inc raised its stake in shares of Motorola Solutions by 52.5% during the 3rd quarter. Accordant Advisory Group Inc now owns 122 shares of the communications equipment provider’s stock valued at $55,000 after buying an additional 42 shares during the last quarter. Finally, Symphony Financial Ltd. Co. purchased a new position in shares of Motorola Solutions during the 3rd quarter valued at about $201,000. Hedge funds and other institutional investors own 84.17% of the company’s stock.

Insider Buying and Selling at Motorola Solutions

In other Motorola Solutions news, COO John P. Molloy sold 23,985 shares of the business’s stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of $407.50, for a total value of $9,773,887.50. Following the sale, the chief operating officer now owns 46,821 shares of the company’s stock, valued at $19,079,557.50. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.50% of the stock is owned by corporate insiders.

Motorola Solutions Trading Down 0.7 %

Shares of Motorola Solutions stock opened at $467.08 on Thursday. The stock has a market cap of $77.91 billion, a P/E ratio of 57.74, a P/E/G ratio of 4.07 and a beta of 0.97. The stock’s 50 day simple moving average is $446.40 and its 200-day simple moving average is $399.51. Motorola Solutions, Inc. has a 1-year low of $271.73 and a 1-year high of $480.28. The company has a debt-to-equity ratio of 7.03, a current ratio of 1.20 and a quick ratio of 1.03.

Motorola Solutions (NYSE:MSI) last released its quarterly earnings results on Thursday, August 1st. The communications equipment provider reported $3.24 EPS for the quarter, beating the consensus estimate of $3.01 by $0.23. The firm had revenue of $2.63 billion for the quarter, compared to analyst estimates of $2.59 billion. Motorola Solutions had a net margin of 14.04% and a return on equity of 337.36%. The business’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 company earned $2.41 EPS. Analysts predict that Motorola Solutions, Inc. will post 12.22 EPS for the current fiscal year.

Motorola Solutions Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Friday, September 13th were given a $0.98 dividend. This represents a $3.92 dividend on an annualized basis and a yield of 0.84%. The ex-dividend date was Friday, September 13th. Motorola Solutions’s payout ratio is 48.45%.

Wall Street Analysts Forecast Growth

MSI has been the topic of a number of analyst reports. Bank of America raised their target price on Motorola Solutions from $440.00 to $520.00 and gave the company a “buy” rating in a research report on Wednesday. Barclays raised their target price on Motorola Solutions from $372.00 to $467.00 and gave the company an “overweight” rating in a research report on Friday, August 2nd. Deutsche Bank Aktiengesellschaft raised their target price on Motorola Solutions from $385.00 to $440.00 and gave the company a “buy” rating in a research report on Tuesday, August 6th. Evercore ISI raised their target price on Motorola Solutions from $450.00 to $500.00 and gave the company an “outperform” rating in a research report on Friday, August 30th. Finally, JPMorgan Chase & Co. lifted their price objective on Motorola Solutions from $436.00 to $440.00 and gave the stock an “overweight” rating in a report on Friday, August 2nd. Eight equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, Motorola Solutions has an average rating of “Buy” and an average price target of $479.50.

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.