We Are One Seven LLC decreased its holdings in Motorola Solutions Inc (NYSE:MSI) by 9.4% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 5,585 shares of the communications equipment provider’s stock after selling 577 shares during the period. We Are One Seven LLC’s holdings in Motorola Solutions were worth $952,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Greenleaf Trust raised its holdings in Motorola Solutions by 3.7% in the second quarter. Greenleaf Trust now owns 2,720 shares of the communications equipment provider’s stock valued at $454,000 after buying an additional 98 shares during the period. Fiera Capital Corp purchased a new stake in shares of Motorola Solutions during the second quarter valued at approximately $1,112,000. GAM Holding AG raised its stake in shares of Motorola Solutions by 8.8% during the second quarter. GAM Holding AG now owns 6,681 shares of the communications equipment provider’s stock valued at $1,114,000 after purchasing an additional 538 shares during the period. Candriam Luxembourg S.C.A. raised its stake in shares of Motorola Solutions by 86.4% during the second quarter. Candriam Luxembourg S.C.A. now owns 40,033 shares of the communications equipment provider’s stock valued at $6,645,000 after purchasing an additional 18,555 shares during the period. Finally, Oregon Public Employees Retirement Fund raised its stake in shares of Motorola Solutions by 34.3% during the second quarter. Oregon Public Employees Retirement Fund now owns 39,519 shares of the communications equipment provider’s stock valued at $6,589,000 after purchasing an additional 10,102 shares during the period. Hedge funds and other institutional investors own 87.22% of the company’s stock.
A number of analysts have recently issued reports on MSI shares. Raymond James lifted their price objective on shares of Motorola Solutions from $160.00 to $182.00 and gave the company an “outperform” rating in a research note on Friday, August 2nd. Jefferies Financial Group set a $200.00 price objective on shares of Motorola Solutions and gave the company a “buy” rating in a research note on Wednesday, August 21st. Credit Suisse Group reiterated a “buy” rating and set a $189.00 price objective on shares of Motorola Solutions in a research note on Tuesday, September 10th. ValuEngine lowered shares of Motorola Solutions from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. Finally, Northcoast Research lowered shares of Motorola Solutions from a “buy” rating to a “neutral” rating and set a $171.53 price objective on the stock. in a research note on Wednesday, July 17th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and nine have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $164.93.
Shares of NYSE:MSI opened at $170.96 on Friday. The company has a fifty day simple moving average of $171.91 and a 200 day simple moving average of $160.79. The firm has a market cap of $28.27 billion, a PE ratio of 25.03, a price-to-earnings-growth ratio of 3.04 and a beta of 0.59. Motorola Solutions Inc has a 12-month low of $108.25 and a 12-month high of $182.28.
Motorola Solutions (NYSE:MSI) last issued its quarterly earnings results on Thursday, August 1st. The communications equipment provider reported $1.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.52 by $0.17. The business had revenue of $1.86 billion during the quarter, compared to analyst estimates of $1.84 billion. Motorola Solutions had a net margin of 13.47% and a negative return on equity of 105.22%. The business’s revenue was up 5.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.46 earnings per share. As a group, analysts forecast that Motorola Solutions Inc will post 7.35 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Friday, September 13th will be paid a $0.57 dividend. The ex-dividend date of this dividend is Thursday, September 12th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 1.33%. Motorola Solutions’s dividend payout ratio (DPR) is presently 33.38%.
In other Motorola Solutions news, Chairman Gregory Q. Brown sold 264,635 shares of Motorola Solutions stock in a transaction on Monday, August 12th. The shares were sold at an average price of $176.80, for a total value of $46,787,468.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Rajan Naik sold 9,408 shares of Motorola Solutions stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $171.55, for a total transaction of $1,613,942.40. The disclosure for this sale can be found here. In the last 90 days, insiders sold 5,958,449 shares of company stock valued at $1,047,392,724. Insiders own 2.99% of the company’s stock.
Motorola Solutions Profile
Motorola Solutions, Inc provides mission-critical communication solutions the United States, the United Kingdom, Canada, and internationally. The company operates in two segments, Products and Systems Integration, and Services and Software. The Products and Systems Integration segment offers a portfolio of infrastructure, devices, accessories, and video solutions, as well as the implementation, optimization, and integration of networks, devices, software, and applications for government, public safety and first-responder agencies, municipalities, and commercial and industrial customers.
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