Susquehanna Fundamental Investments LLC Purchases Shares of 6,400 Motorola Solutions, Inc. (NYSE:MSI)

Susquehanna Fundamental Investments LLC acquired a new stake in Motorola Solutions, Inc. (NYSE:MSI) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 6,400 shares of the communications equipment provider’s stock, valued at approximately $2,272,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Capital World Investors lifted its holdings in Motorola Solutions by 0.4% during the 4th quarter. Capital World Investors now owns 12,176,768 shares of the communications equipment provider’s stock worth $3,812,424,000 after buying an additional 44,279 shares during the last quarter. Raymond James & Associates lifted its stake in Motorola Solutions by 3.8% during the first quarter. Raymond James & Associates now owns 2,237,587 shares of the communications equipment provider’s stock worth $794,299,000 after purchasing an additional 81,990 shares during the last quarter. Norges Bank acquired a new position in Motorola Solutions in the fourth quarter valued at approximately $646,341,000. Alphinity Investment Management Pty Ltd increased its stake in Motorola Solutions by 36.5% in the first quarter. Alphinity Investment Management Pty Ltd now owns 1,478,757 shares of the communications equipment provider’s stock valued at $524,929,000 after purchasing an additional 395,096 shares during the last quarter. Finally, TD Asset Management Inc raised its holdings in Motorola Solutions by 19.7% during the fourth quarter. TD Asset Management Inc now owns 917,734 shares of the communications equipment provider’s stock worth $287,333,000 after purchasing an additional 151,007 shares in the last quarter. 84.17% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, CAO Katherine A. Maher sold 2,615 shares of the firm’s stock in a transaction that occurred on Tuesday, May 7th. The stock was sold at an average price of $354.68, for a total value of $927,488.20. Following the completion of the transaction, the chief accounting officer now directly owns 1,138 shares of the company’s stock, valued at approximately $403,625.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, SVP Rajan Naik sold 5,274 shares of the firm’s stock in a transaction that occurred on Thursday, June 13th. The shares were sold at an average price of $373.81, for a total transaction of $1,971,473.94. Following the completion of the transaction, the senior vice president now directly owns 8,939 shares of the company’s stock, valued at approximately $3,341,487.59. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO Katherine A. Maher sold 2,615 shares of Motorola Solutions stock in a transaction that occurred on Tuesday, May 7th. The stock was sold at an average price of $354.68, for a total value of $927,488.20. Following the transaction, the chief accounting officer now owns 1,138 shares of the company’s stock, valued at $403,625.84. The disclosure for this sale can be found here. Insiders sold 9,389 shares of company stock worth $3,446,461 in the last 90 days. 1.50% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

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

Motorola Solutions Stock Performance

Shares of MSI stock traded up $1.47 during midday trading on Friday, hitting $390.16. The company had a trading volume of 482,627 shares, compared to its average volume of 635,955. The stock has a market cap of $65.08 billion, a price-to-earnings ratio of 48.23, a PEG ratio of 3.41 and a beta of 0.94. The company has a debt-to-equity ratio of 11.16, a current ratio of 1.19 and a quick ratio of 1.01. The company’s 50 day simple moving average is $374.40 and its 200 day simple moving average is $347.69. Motorola Solutions, Inc. has a 52-week low of $269.64 and a 52-week high of $394.50.

Motorola Solutions (NYSE:MSI) last posted its quarterly earnings data on Thursday, May 2nd. The communications equipment provider reported $2.56 earnings per share for the quarter, beating analysts’ consensus estimates of $2.27 by $0.29. The firm had revenue of $2.39 billion for the quarter, compared to analyst estimates of $2.34 billion. Motorola Solutions had a net margin of 13.64% and a return on equity of 398.16%. Research analysts anticipate that Motorola Solutions, Inc. will post 12.07 earnings per share for the current fiscal year.

Motorola Solutions Dividend Announcement

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 given a dividend of $0.98 per share. The ex-dividend date is Friday, June 14th. This represents a $3.92 annualized dividend and a dividend yield of 1.00%. Motorola Solutions’s payout ratio is currently 48.45%.

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.