Motorola Solutions, Inc. (NYSE:MSI) Shares Acquired by BI Asset Management Fondsmaeglerselskab A S

BI Asset Management Fondsmaeglerselskab A S raised its stake in shares of Motorola Solutions, Inc. (NYSE:MSIFree Report) by 4,208.1% during the 1st quarter, Holdings Channel reports. The institutional investor owned 9,521 shares of the communications equipment provider’s stock after buying an additional 9,300 shares during the period. BI Asset Management Fondsmaeglerselskab A S’s holdings in Motorola Solutions were worth $3,380,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Norges Bank acquired a new position in shares of Motorola Solutions during the 4th quarter valued at $646,341,000. Alphinity Investment Management Pty Ltd bought a new position in Motorola Solutions during the fourth quarter valued at about $339,283,000. Groupama Asset Managment acquired a new position in Motorola Solutions during the fourth quarter worth about $178,361,000. International Assets Investment Management LLC raised its position in Motorola Solutions by 1,208.6% in the fourth quarter. International Assets Investment Management LLC now owns 191,611 shares of the communications equipment provider’s stock worth $59,991,000 after acquiring an additional 176,968 shares in the last quarter. Finally, TD Asset Management Inc lifted its holdings in Motorola Solutions by 19.7% in the 4th quarter. TD Asset Management Inc now owns 917,734 shares of the communications equipment provider’s stock valued at $287,333,000 after acquiring an additional 151,007 shares during the last quarter. 84.17% of the stock is currently owned by institutional investors.

Insider Activity

In related news, SVP Rajan Naik sold 5,274 shares of the stock in a transaction on 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 completion of the sale, the senior vice president now directly owns 8,939 shares in the company, valued at $3,341,487.59. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In other news, SVP James A. Niewiara sold 810 shares of the firm’s stock in a transaction on Tuesday, May 7th. The shares were sold at an average price of $358.09, for a total transaction of $290,052.90. Following the transaction, the senior vice president now owns 12,986 shares in the company, valued at approximately $4,650,156.74. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Rajan Naik sold 5,274 shares of the company’s stock in a transaction on 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 completion of the sale, the senior vice president now 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 in the last ninety days. Corporate insiders own 1.26% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. Deutsche Bank Aktiengesellschaft increased their target price on shares of Motorola Solutions from $375.00 to $385.00 and gave the company a “buy” rating in a research note on Monday, June 3rd. Barclays increased their price objective on Motorola Solutions from $362.00 to $372.00 and gave the company an “overweight” rating in a research report on Friday, May 3rd. JPMorgan Chase & Co. lifted their target price on Motorola Solutions from $400.00 to $405.00 and gave the stock an “overweight” rating in a report on Friday, May 3rd. Finally, Evercore ISI assumed coverage on Motorola Solutions in a report on Monday, March 25th. They set an “outperform” rating and a $400.00 target price for the company. One equities research analyst has rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, Motorola Solutions has a consensus rating of “Moderate Buy” and a consensus price target of $358.86.

Read Our Latest Research Report on MSI

Motorola Solutions Stock Down 0.5 %

Shares of Motorola Solutions stock traded down $2.13 during midday trading on Wednesday, hitting $388.59. The company’s stock had a trading volume of 100,033 shares, compared to its average volume of 659,821. The firm has a market capitalization of $64.82 billion, a P/E ratio of 48.30, a PEG ratio of 3.42 and a beta of 0.94. Motorola Solutions, Inc. has a 1-year low of $269.64 and a 1-year high of $392.52. The company has a quick ratio of 1.01, a current ratio of 1.19 and a debt-to-equity ratio of 11.16. The stock has a 50-day simple moving average of $371.51 and a 200-day simple moving average of $346.01.

Motorola Solutions (NYSE:MSIGet Free Report) last announced 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. The firm had revenue of $2.39 billion during the quarter, compared to analyst estimates of $2.34 billion. Motorola Solutions had a return on equity of 398.16% and a net margin of 13.64%. As a group, sell-side analysts expect that Motorola Solutions, Inc. will post 12.07 earnings per share for the current year.

Motorola Solutions Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Friday, June 14th will be paid a dividend of $0.98 per share. This represents a $3.92 dividend on an annualized basis and a dividend yield of 1.01%. The ex-dividend date of this dividend is Friday, June 14th. Motorola Solutions’s dividend payout ratio (DPR) is currently 48.45%.

About Motorola Solutions

(Free Report)

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.

Recommended Stories

Want to see what other hedge funds are holding MSI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Motorola Solutions, Inc. (NYSE:MSIFree Report).

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

Receive News & Ratings for Motorola Solutions Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Motorola Solutions and related companies with MarketBeat.com's FREE daily email newsletter.