Zurcher Kantonalbank Zurich Cantonalbank Has $19.29 Million Stake in Motorola Solutions, Inc. (NYSE:MSI)

Key Points

• Zurcher Kantonalbank increased its stake in Motorola Solutions by 8.5%, now holding 44,058 shares valued at approximately $19.3 million.
• Motorola Solutions reported a net margin of 18.67% and earnings per share of $3.18 for the last quarter, exceeding analysts' estimates.
• Multiple research firms have varied opinions on Motorola Solutions, with the average target price set at $510.67, reflecting a moderate buy consensus.

Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Motorola Solutions, Inc. (NYSE:MSI - Free Report) by 8.5% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 44,058 shares of the communications equipment provider's stock after purchasing an additional 3,464 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank's holdings in Motorola Solutions were worth $19,289,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. GAMMA Investing LLC raised its stake in Motorola Solutions by 43,787.3% during the 1st quarter. GAMMA Investing LLC now owns 1,084,455 shares of the communications equipment provider's stock valued at $474,785,000 after acquiring an additional 1,081,984 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of 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 worth $1,933,360,000 after buying an additional 451,172 shares in the last quarter. Kovitz Investment Group Partners LLC raised its stake in shares of Motorola Solutions by 209.3% in the 4th quarter. Kovitz Investment Group Partners LLC now owns 559,306 shares of the communications equipment provider's stock worth $258,528,000 after buying an additional 378,462 shares in the last quarter. FMR LLC raised its stake in shares of Motorola Solutions by 12.4% in the 4th quarter. FMR LLC now owns 3,030,915 shares of the communications equipment provider's stock worth $1,400,980,000 after buying an additional 334,639 shares in the last quarter. Finally, Vaughan Nelson Investment Management L.P. raised its stake in shares of Motorola Solutions by 541.2% in the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 331,910 shares of the communications equipment provider's stock worth $145,312,000 after buying an additional 280,145 shares in the last quarter. Institutional investors and hedge funds own 84.17% of the company's stock.

Analysts Set New Price Targets

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

Insider Buying and Selling

In related news, CAO Katherine A. Maher sold 1,073 shares of the firm's stock in a transaction on Thursday, May 29th. The stock was sold at an average price of $418.68, for a total transaction of $449,243.64. Following the sale, the chief accounting officer owned 804 shares of the company's stock, valued at approximately $336,618.72. This trade represents a 57.17% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 1.44% of the company's stock.

Motorola Solutions Trading Down 1.0%

Shares of MSI stock traded down $4.28 during trading hours on Friday, reaching $434.71. The company had a trading volume of 525,795 shares, compared to its average volume of 890,669. The company has a 50 day moving average of $418.35 and a 200 day moving average of $428.78. The company has a debt-to-equity ratio of 3.42, a current ratio of 1.20 and a quick ratio of 1.03. The firm has a market cap of $72.56 billion, a price-to-earnings ratio of 36.29, a P/E/G ratio of 3.75 and a beta of 0.95. 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 posted its quarterly earnings results on Thursday, May 1st. The communications equipment provider reported $3.18 earnings per share for the quarter, beating analysts' consensus estimates of $3.01 by $0.17. The company had revenue of $2.53 billion for the quarter, compared to the consensus estimate of $2.52 billion. Motorola Solutions had a return on equity of 160.93% and a net margin of 18.67%. The firm's quarterly revenue was up 5.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.81 EPS. On average, equities research analysts anticipate that Motorola Solutions, Inc. will post 13.55 EPS for the current year.

Motorola Solutions Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Friday, June 13th were paid a dividend of $1.09 per share. This represents a $4.36 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend was Friday, June 13th. Motorola Solutions's dividend payout ratio (DPR) is presently 36.39%.

Motorola Solutions Company 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.