Mesirow Financial Investment Management Inc. Has $2.15 Million Stake in Motorola Solutions, Inc. (NYSE:MSI)

Key Points

• Mesirow Financial Investment Management Inc. increased its stake in Motorola Solutions by 24.1%, acquiring an additional 954 shares, bringing its total to 4,906 shares valued at approximately $2.15 million.
• In the first quarter, other institutional investors also enhanced their positions in Motorola Solutions, with ORG Wealth Partners LLC's stake growing by 346.2%.
• Motorola Solutions recently reported earnings per share of $3.18 for the quarter, surpassing expectations, while analysts maintain a consensus rating of "Moderate Buy" with an average price target of $510.67.

Mesirow Financial Investment Management Inc. grew its stake in Motorola Solutions, Inc. (NYSE:MSI - Free Report) by 24.1% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,906 shares of the communications equipment provider's stock after acquiring an additional 954 shares during the period. Mesirow Financial Investment Management Inc.'s holdings in Motorola Solutions were worth $2,148,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of MSI. ORG Wealth Partners LLC grew its holdings in Motorola Solutions by 346.2% during the first quarter. ORG Wealth Partners LLC now owns 58 shares of the communications equipment provider's stock worth $25,000 after purchasing an additional 45 shares during the period. Meeder Asset Management Inc. bought a new position in Motorola Solutions during the fourth quarter worth about $32,000. Community Bank N.A. bought a new position in Motorola Solutions during the first quarter worth about $32,000. Fourth Dimension Wealth LLC bought a new position in Motorola Solutions during the fourth quarter worth about $34,000. Finally, Fort Vancouver Investment Management LLC bought a new position in Motorola Solutions during the first quarter worth about $37,000. Institutional investors own 84.17% of the company's stock.

Motorola Solutions Stock Performance

MSI stock traded down $1.90 during mid-day trading on Friday, hitting $437.08. 1,173,440 shares of the company were exchanged, compared to its average volume of 746,299. The business has a 50 day simple moving average of $418.71 and a 200-day simple moving average of $428.62. The company has a current ratio of 1.20, a quick ratio of 1.03 and a debt-to-equity ratio of 3.42. The stock has a market capitalization of $72.96 billion, a PE ratio of 36.48, a price-to-earnings-growth ratio of 3.78 and a beta of 0.97. Motorola Solutions, Inc. has a 1-year low of $388.90 and a 1-year high of $507.82.

Motorola Solutions (NYSE:MSI - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The communications equipment provider reported $3.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.01 by $0.17. Motorola Solutions had a net margin of 18.67% and a return on equity of 160.93%. The firm had revenue of $2.53 billion during the quarter, compared to the consensus estimate of $2.52 billion. During the same period last year, the business posted $2.81 earnings per share. The business's revenue for the quarter was up 5.8% compared to the same quarter last year. On average, equities analysts forecast that Motorola Solutions, Inc. will post 13.55 earnings per share for the current year.

Motorola Solutions Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Friday, June 13th were given a $1.09 dividend. This represents a $4.36 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date was Friday, June 13th. Motorola Solutions's payout ratio is presently 36.39%.

Insider Buying and Selling at Motorola Solutions

In other news, CAO Katherine A. Maher sold 1,073 shares of Motorola Solutions stock in a transaction that occurred on Thursday, May 29th. The shares were sold at an average price of $418.68, for a total value of $449,243.64. Following the completion of the sale, the chief accounting officer directly owned 804 shares in the company, valued at approximately $336,618.72. The trade was a 57.17% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.44% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on MSI shares. Wall Street Zen cut Motorola Solutions from a "buy" rating to a "hold" rating in a report on Thursday, May 22nd. Wolfe Research started coverage on Motorola Solutions in a report on Monday, July 7th. They set a "peer perform" rating for the company. William Blair reiterated an "outperform" rating on shares of Motorola Solutions in a report on Wednesday, May 28th. JPMorgan Chase & Co. reduced their price target on Motorola Solutions from $570.00 to $515.00 and set an "overweight" rating for the company in a report on Thursday, April 17th. Finally, Barclays reduced their price target on Motorola Solutions from $527.00 to $511.00 and set an "overweight" rating for the company in a report on Monday, May 5th. Three research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $510.67.

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.