Laurion Capital Management LP Acquires New Stake in Motorola Solutions, Inc. (MSI)
Laurion Capital Management LP acquired a new position in shares of Motorola Solutions, Inc. (NYSE:MSI) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 2,900 shares of the communications equipment provider’s stock, valued at approximately $250,000.
Other hedge funds also recently bought and sold shares of the company. Iat Reinsurance Co. LTD. bought a new stake in Motorola Solutions during the first quarter worth approximately $123,000. Mckinley Capital Management LLC Delaware bought a new stake in Motorola Solutions during the first quarter worth approximately $135,000. Bessemer Group Inc. bought a new stake in Motorola Solutions during the fourth quarter worth approximately $175,000. Ropes Wealth Advisors LLC raised its stake in Motorola Solutions by 30.8% in the first quarter. Ropes Wealth Advisors LLC now owns 2,130 shares of the communications equipment provider’s stock worth $184,000 after buying an additional 502 shares during the last quarter. Finally, Private Advisor Group LLC bought a new stake in Motorola Solutions during the first quarter worth approximately $202,000. 87.66% of the stock is currently owned by institutional investors and hedge funds.
Motorola Solutions, Inc. (NYSE:MSI) traded up 0.32% during trading on Friday, hitting $84.72. The stock had a trading volume of 1,172,273 shares. The firm has a market cap of $13.85 billion, a price-to-earnings ratio of 23.42 and a beta of 0.30. The firm’s 50 day moving average is $84.58 and its 200 day moving average is $82.90. Motorola Solutions, Inc. has a 1-year low of $62.76 and a 1-year high of $87.97.
Motorola Solutions (NYSE:MSI) last announced its quarterly earnings results on Thursday, May 4th. The communications equipment provider reported $0.64 earnings per share for the quarter, topping analysts’ consensus estimates of $0.50 by $0.14. Motorola Solutions had a negative return on equity of 102.32% and a net margin of 10.10%. The company had revenue of $1.28 billion during the quarter, compared to analysts’ expectations of $1.25 billion. During the same quarter in the previous year, the firm earned $0.52 earnings per share. The business’s quarterly revenue was up 7.4% compared to the same quarter last year. On average, analysts anticipate that Motorola Solutions, Inc. will post $5.20 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, July 14th. Shareholders of record on Thursday, June 15th will be given a $0.47 dividend. The ex-dividend date of this dividend is Tuesday, June 13th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.22%. Motorola Solutions’s dividend payout ratio is currently 51.93%.
MSI has been the topic of a number of analyst reports. Gabelli raised Motorola Solutions from a “hold” rating to a “buy” rating in a research note on Monday, May 8th. Citigroup Inc. reissued a “buy” rating and issued a $102.00 price target (up from $93.00) on shares of Motorola Solutions in a research note on Friday, May 5th. Jefferies Group LLC raised Motorola Solutions from a “hold” rating to a “buy” rating and raised their price target for the stock from $75.00 to $100.00 in a research note on Tuesday, March 21st. BMO Capital Markets reissued a “buy” rating and issued a $95.00 price target on shares of Motorola Solutions in a research note on Tuesday, March 21st. Finally, Northcoast Research raised Motorola Solutions from a “neutral” rating to a “buy” rating and set a $100.00 price target on the stock in a research note on Tuesday, May 30th. Five research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $90.15.
Motorola Solutions Company Profile
Motorola Solutions, Inc is a provider of communication infrastructure, devices, accessories, software and services. The Company operates through two segments: Products and Services. The Company’s Products segment offers a portfolio of infrastructure, devices, accessories and software. The Products segment has two product lines: Devices and Systems.
Want to see what other hedge funds are holding MSI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Motorola Solutions, Inc. (NYSE:MSI).
Receive News & Ratings for Motorola Solutions Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Motorola Solutions Inc. and related companies with MarketBeat.com's FREE daily email newsletter.