Axecap Investments LLC Acquires 3,134 Shares of Motorola Solutions, Inc. (NYSE:MSI)

Axecap Investments LLC raised its position in shares of Motorola Solutions, Inc. (NYSE:MSI) by 32.6% in the first quarter, Holdings Channel reports. The fund owned 12,756 shares of the communications equipment provider’s stock after buying an additional 3,134 shares during the quarter. Motorola Solutions comprises approximately 4.7% of Axecap Investments LLC’s investment portfolio, making the stock its 2nd biggest holding. Axecap Investments LLC’s holdings in Motorola Solutions were worth $5,585,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Vanguard Group Inc. increased its holdings in shares of Motorola Solutions by 1.5% during the fourth quarter. Vanguard Group Inc. now owns 21,179,834 shares of the communications equipment provider’s stock worth $9,789,955,000 after buying an additional 310,919 shares in the last quarter. Geode Capital Management LLC increased its stake in Motorola Solutions by 12.1% in the 4th quarter. Geode Capital Management LLC now owns 4,187,217 shares of the communications equipment provider’s stock valued at $1,933,360,000 after buying an additional 451,172 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in Motorola Solutions in the 4th quarter valued at $1,528,949,000. FMR LLC increased its stake in shares of Motorola Solutions by 12.4% during the 4th quarter. FMR LLC now owns 3,030,915 shares of the communications equipment provider’s stock worth $1,400,980,000 after purchasing an additional 334,639 shares during the last quarter. Finally, Norges Bank bought a new stake in shares of Motorola Solutions during the 4th quarter worth about $1,073,645,000. Institutional investors own 84.17% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on MSI. Barclays decreased their target price on shares of Motorola Solutions from $527.00 to $511.00 and set an “overweight” rating on the stock in a research report on Monday, May 5th. Wall Street Zen cut shares of Motorola Solutions from a “buy” rating to a “hold” rating in a research report on Thursday, May 22nd. JPMorgan Chase & Co. dropped their price objective on shares of Motorola Solutions from $570.00 to $515.00 and set an “overweight” rating on the stock in a research note on Thursday, April 17th. William Blair reissued an “outperform” rating on shares of Motorola Solutions in a research report on Wednesday, May 28th. Finally, Morgan Stanley lifted their target price on shares of Motorola Solutions from $495.00 to $505.00 and gave the stock an “equal weight” rating in a research note on Friday, February 14th. Two research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $513.25.

Insider Buying and Selling at Motorola Solutions

In other Motorola Solutions news, CAO Katherine A. Maher sold 1,073 shares of the business’s stock in a transaction on Thursday, May 29th. The shares were sold at an average price of $418.68, for a total transaction of $449,243.64. Following the transaction, the chief accounting officer now owns 804 shares in the company, valued at $336,618.72. The trade was a 57.17% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 1.44% of the company’s stock.

Motorola Solutions Stock Down 0.9%

NYSE:MSI opened at $408.54 on Thursday. The firm has a market cap of $68.19 billion, a P/E ratio of 44.31, a P/E/G ratio of 3.82 and a beta of 0.96. The company has a debt-to-equity ratio of 3.30, a quick ratio of 1.13 and a current ratio of 1.28. Motorola Solutions, Inc. has a fifty-two week low of $370.00 and a fifty-two week high of $507.82. The firm has a 50-day simple moving average of $418.49 and a two-hundred day simple moving average of $442.54.

Motorola Solutions (NYSE:MSI) last issued its quarterly earnings data on Thursday, May 1st. The communications equipment provider reported $3.18 earnings per share for the quarter, topping the consensus estimate of $3.01 by $0.17. Motorola Solutions had a net margin of 14.58% and a return on equity of 197.59%. The firm had revenue of $2.53 billion for the quarter, compared to analysts’ expectations of $2.52 billion. During the same quarter in the prior year, the business earned $2.81 EPS. The business’s quarterly revenue was up 5.8% on a year-over-year basis. Analysts predict that Motorola Solutions, Inc. will post 13.55 earnings per share for the current fiscal year.

Motorola Solutions Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Friday, June 13th will be issued a dividend of $1.09 per share. This represents a $4.36 dividend on an annualized basis and a yield of 1.07%. The ex-dividend date is Friday, June 13th. Motorola Solutions’s dividend payout ratio (DPR) is currently 36.39%.

About Motorola Solutions

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.