Axecap Investments LLC Raises Holdings in Motorola Solutions, Inc. (NYSE:MSI)

Axecap Investments LLC lifted its holdings in Motorola Solutions, Inc. (NYSE:MSI - Free Report) by 32.6% during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 12,756 shares of the communications equipment provider's stock after buying an additional 3,134 shares during the period. Motorola Solutions makes up approximately 4.7% of Axecap Investments LLC's portfolio, making the stock its 2nd biggest holding. Axecap Investments LLC's holdings in Motorola Solutions were worth $5,585,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Perennial Investment Advisors LLC lifted its stake in Motorola Solutions by 14.4% in the fourth quarter. Perennial Investment Advisors LLC now owns 828 shares of the communications equipment provider's stock valued at $383,000 after purchasing an additional 104 shares during the last quarter. Union Bancaire Privee UBP SA purchased a new position in Motorola Solutions in the fourth quarter valued at approximately $24,136,000. Revolve Wealth Partners LLC purchased a new position in Motorola Solutions in the fourth quarter valued at approximately $208,000. Empowered Funds LLC lifted its stake in Motorola Solutions by 35.7% in the fourth quarter. Empowered Funds LLC now owns 8,826 shares of the communications equipment provider's stock valued at $4,080,000 after purchasing an additional 2,322 shares during the last quarter. Finally, Kestra Private Wealth Services LLC raised its holdings in Motorola Solutions by 1.3% during the 4th quarter. Kestra Private Wealth Services LLC now owns 2,035 shares of the communications equipment provider's stock valued at $941,000 after acquiring an additional 27 shares during the period. Hedge funds and other institutional investors own 84.17% of the company's stock.

Motorola Solutions Price Performance

Shares of MSI traded up $3.32 during midday trading on Thursday, reaching $412.39. The stock had a trading volume of 626,234 shares, compared to its average volume of 810,052. The company's 50-day moving average is $418.49 and its 200 day moving average is $442.54. Motorola Solutions, Inc. has a 12-month low of $370.00 and a 12-month high of $507.82. The company has a current ratio of 1.28, a quick ratio of 1.13 and a debt-to-equity ratio of 3.30. The company has a market capitalization of $68.83 billion, a price-to-earnings ratio of 44.73, a price-to-earnings-growth ratio of 3.82 and a beta of 0.96.

Motorola Solutions (NYSE:MSI - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The communications equipment provider reported $3.18 EPS for the quarter, topping the consensus estimate of $3.01 by $0.17. The firm 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 197.59% and a net margin of 14.58%. The company's quarterly revenue was up 5.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.81 earnings per share. On average, equities analysts predict that Motorola Solutions, Inc. will post 13.55 EPS for the current fiscal year.

Motorola Solutions Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Friday, June 13th will be issued a $1.09 dividend. The ex-dividend date of this dividend is Friday, June 13th. This represents a $4.36 annualized dividend and a dividend yield of 1.06%. Motorola Solutions's dividend payout ratio is currently 36.39%.

Insider Transactions at Motorola Solutions

In related news, CAO Katherine A. Maher sold 1,073 shares of the firm's stock in a transaction dated Thursday, May 29th. The stock was sold at an average price of $418.68, for a total value of $449,243.64. Following the sale, the chief accounting officer now directly owns 804 shares of the company's stock, valued at $336,618.72. This trade represents a 57.17% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 1.44% of the company's stock.

Wall Street Analysts Forecast Growth

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

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.