AXQ Capital LP Sells 997 Shares of Motorola Solutions, Inc. (NYSE:MSI)

AXQ Capital LP reduced its stake in shares of Motorola Solutions, Inc. (NYSE:MSI - Free Report) by 52.0% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 920 shares of the communications equipment provider's stock after selling 997 shares during the period. AXQ Capital LP's holdings in Motorola Solutions were worth $425,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Synergy Asset Management LLC bought a new stake in Motorola Solutions in the fourth quarter worth approximately $25,000. Crews Bank & Trust bought a new stake in shares of Motorola Solutions during the fourth quarter worth about $26,000. First Command Advisory Services Inc. bought a new stake in Motorola Solutions during the 4th quarter worth approximately $29,000. FSA Wealth Management LLC bought a new position in Motorola Solutions during the 3rd quarter valued at $29,000. Finally, SBI Securities Co. Ltd. purchased a new position in Motorola Solutions during the fourth quarter worth about $30,000. 84.17% of the stock is owned by institutional investors and hedge funds.

Motorola Solutions Trading Up 0.3 %

NYSE MSI traded up $1.48 during trading on Thursday, hitting $432.71. 660,653 shares of the company's stock traded hands, compared to its average volume of 693,018. The stock has a fifty day moving average of $444.71 and a two-hundred day moving average of $459.53. Motorola Solutions, Inc. has a 12-month low of $332.98 and a 12-month high of $507.82. The firm has a market cap of $72.23 billion, a P/E ratio of 46.93, a PEG ratio of 3.82 and a beta of 1.03. The company has a debt-to-equity ratio of 3.30, a current ratio of 1.28 and a quick ratio of 1.13.

Remove Ads

Motorola Solutions (NYSE:MSI - Get Free Report) last announced its quarterly earnings results on Thursday, February 13th. The communications equipment provider reported $3.75 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $3.85 by ($0.10). Motorola Solutions had a return on equity of 197.59% and a net margin of 14.58%. The firm had revenue of $3.01 billion during the quarter, compared to the consensus estimate of $3 billion. As a group, sell-side analysts expect that Motorola Solutions, Inc. will post 13.55 EPS for the current year.

Motorola Solutions Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Friday, March 14th will be paid a $1.09 dividend. This represents a $4.36 dividend on an annualized basis and a yield of 1.01%. The ex-dividend date of this dividend is Friday, March 14th. Motorola Solutions's payout ratio is currently 47.29%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on MSI shares. Morgan Stanley raised their target price on Motorola Solutions from $495.00 to $505.00 and gave the company an "equal weight" rating in a research report on Friday, February 14th. Barclays decreased their price target on Motorola Solutions from $529.00 to $527.00 and set an "overweight" rating on the stock in a research report on Friday, February 14th. Finally, StockNews.com raised Motorola Solutions from a "hold" rating to a "buy" rating in a research note on Tuesday, February 18th. One analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $505.88.

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.