Virtu Financial LLC bought a new stake in shares of Motorola Solutions Inc (NYSE:MSI) during the 4th quarter, Holdings Channel reports. The firm bought 2,514 shares of the communications equipment provider’s stock, valued at approximately $227,000.
A number of other large investors have also recently made changes to their positions in MSI. Grove Bank & Trust grew its holdings in shares of Motorola Solutions by 731.0% during the 3rd quarter. Grove Bank & Trust now owns 1,205 shares of the communications equipment provider’s stock valued at $102,000 after acquiring an additional 1,060 shares in the last quarter. NuWave Investment Management LLC purchased a new position in shares of Motorola Solutions during the 4th quarter valued at $168,000. Fuller & Thaler Asset Management Inc. purchased a new position in shares of Motorola Solutions during the 3rd quarter valued at $187,000. Tower Research Capital LLC TRC purchased a new position in shares of Motorola Solutions during the 4th quarter valued at $188,000. Finally, Meeder Asset Management Inc. grew its holdings in shares of Motorola Solutions by 67.4% during the 4th quarter. Meeder Asset Management Inc. now owns 2,171 shares of the communications equipment provider’s stock valued at $196,000 after acquiring an additional 874 shares in the last quarter. 87.93% of the stock is currently owned by institutional investors.
Several equities analysts have recently commented on the stock. BTIG Research assumed coverage on shares of Motorola Solutions in a report on Friday. They set a “buy” rating and a $137.00 price target on the stock. Citigroup boosted their price target on shares of Motorola Solutions from $120.00 to $130.00 and gave the company a “buy” rating in a report on Friday, March 9th. Jefferies Group restated a “buy” rating on shares of Motorola Solutions in a report on Thursday, March 1st. ValuEngine upgraded shares of Motorola Solutions from a “hold” rating to a “buy” rating in a report on Thursday, March 1st. Finally, Deutsche Bank boosted their price target on shares of Motorola Solutions from $120.00 to $125.00 and gave the company a “buy” rating in a report on Thursday, March 1st. Three equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $114.17.
Shares of Motorola Solutions Inc (NYSE MSI) opened at $108.75 on Tuesday. The stock has a market cap of $17,555.10, a price-to-earnings ratio of 20.97, a P/E/G ratio of 2.16 and a beta of 0.32. Motorola Solutions Inc has a fifty-two week low of $79.63 and a fifty-two week high of $110.29. The company has a quick ratio of 1.24, a current ratio of 1.35 and a debt-to-equity ratio of -2.56.
Motorola Solutions (NYSE:MSI) last issued its quarterly earnings data on Thursday, February 1st. The communications equipment provider reported $2.10 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.04 by $0.06. The firm had revenue of $1.96 billion during the quarter, compared to analysts’ expectations of $1.94 billion. Motorola Solutions had a negative net margin of 2.43% and a negative return on equity of 75.81%. Motorola Solutions’s revenue for the quarter was up 3.9% on a year-over-year basis. During the same period in the prior year, the company posted $2.03 earnings per share. analysts anticipate that Motorola Solutions Inc will post 6.3 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 13th. Investors of record on Thursday, March 15th will be issued a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a yield of 1.91%. The ex-dividend date of this dividend is Wednesday, March 14th. Motorola Solutions’s dividend payout ratio is presently -192.59%.
In other Motorola Solutions news, EVP Mark S. Hacker sold 7,411 shares of the business’s stock in a transaction on Friday, January 12th. The shares were sold at an average price of $95.00, for a total transaction of $704,045.00. Following the completion of the transaction, the executive vice president now owns 16,396 shares of the company’s stock, valued at approximately $1,557,620. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Chairman Gregory Q. Brown sold 185,000 shares of the business’s stock in a transaction on Tuesday, March 13th. The stock was sold at an average price of $109.08, for a total transaction of $20,179,800.00. The disclosure for this sale can be found here. Insiders sold 1,394,467 shares of company stock valued at $62,068,687 over the last quarter. 2.50% of the stock is currently owned by corporate insiders.
About Motorola Solutions
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.
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