Motorola Solutions, Inc. (NYSE:MSI) Shares Acquired by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. increased its holdings in shares of Motorola Solutions, Inc. (NYSE:MSI) by 477.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 311,659 shares of the communications equipment provider’s stock after acquiring an additional 257,727 shares during the period. Assenagon Asset Management S.A. owned approximately 0.19% of Motorola Solutions worth $140,131,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of MSI. IFM Investors Pty Ltd boosted its stake in shares of Motorola Solutions by 2.1% during the 3rd quarter. IFM Investors Pty Ltd now owns 35,381 shares of the communications equipment provider’s stock worth $15,908,000 after acquiring an additional 729 shares in the last quarter. Impact Partnership Wealth LLC acquired a new position in Motorola Solutions during the third quarter worth $471,000. CENTRAL TRUST Co boosted its position in Motorola Solutions by 5.1% during the third quarter. CENTRAL TRUST Co now owns 5,090 shares of the communications equipment provider’s stock worth $2,289,000 after purchasing an additional 246 shares in the last quarter. International Assets Investment Management LLC grew its holdings in Motorola Solutions by 59,189.5% in the third quarter. International Assets Investment Management LLC now owns 967,604 shares of the communications equipment provider’s stock valued at $435,064,000 after purchasing an additional 965,972 shares during the last quarter. Finally, Axecap Investments LLC acquired a new position in shares of Motorola Solutions during the 3rd quarter worth $3,758,000. Hedge funds and other institutional investors own 84.17% of the company’s stock.

Wall Street Analysts Forecast Growth

MSI has been the subject of several recent research reports. Deutsche Bank Aktiengesellschaft raised their target price on shares of Motorola Solutions from $385.00 to $440.00 and gave the company a “buy” rating in a report on Tuesday, August 6th. Jefferies Financial Group lifted their price objective on Motorola Solutions from $460.00 to $510.00 and gave the stock a “buy” rating in a research report on Tuesday, September 3rd. Evercore ISI increased their target price on Motorola Solutions from $450.00 to $500.00 and gave the company an “outperform” rating in a report on Friday, August 30th. Bank of America boosted their price target on Motorola Solutions from $440.00 to $520.00 and gave the stock a “buy” rating in a report on Wednesday. Finally, JPMorgan Chase & Co. upped their price objective on shares of Motorola Solutions from $436.00 to $440.00 and gave the company an “overweight” rating in a research note on Friday, August 2nd. Eight research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $479.50.

Motorola Solutions Trading Down 0.2 %

Motorola Solutions stock traded down $1.01 during trading on Thursday, reaching $466.07. The company had a trading volume of 138,669 shares, compared to its average volume of 662,690. The company has a debt-to-equity ratio of 7.03, a quick ratio of 1.03 and a current ratio of 1.20. The firm has a market capitalization of $77.74 billion, a price-to-earnings ratio of 57.74, a PEG ratio of 4.07 and a beta of 0.97. Motorola Solutions, Inc. has a 12-month low of $271.73 and a 12-month high of $480.28. The stock’s 50 day moving average price is $446.40 and its two-hundred day moving average price is $399.51.

Motorola Solutions (NYSE:MSI) last issued its earnings results on Thursday, August 1st. The communications equipment provider reported $3.24 earnings per share for the quarter, topping the consensus estimate of $3.01 by $0.23. Motorola Solutions had a return on equity of 337.36% and a net margin of 14.04%. The business had revenue of $2.63 billion for the quarter, compared to analyst estimates of $2.59 billion. During the same period last year, the company posted $2.41 EPS. The business’s quarterly revenue was up 9.4% on a year-over-year basis. As a group, equities analysts expect that Motorola Solutions, Inc. will post 12.22 earnings per share for the current fiscal year.

Motorola Solutions Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Friday, September 13th were given a dividend of $0.98 per share. This represents a $3.92 dividend on an annualized basis and a yield of 0.84%. The ex-dividend date was Friday, September 13th. Motorola Solutions’s dividend payout ratio (DPR) is presently 48.45%.

Insider Buying and Selling at Motorola Solutions

In other news, COO John P. Molloy sold 23,985 shares of the firm’s stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $407.50, for a total value of $9,773,887.50. Following the transaction, the chief operating officer now owns 46,821 shares of the company’s stock, valued at approximately $19,079,557.50. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 1.50% of the stock is currently owned by corporate insiders.

Motorola Solutions 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.