Envestnet Asset Management Inc. decreased its position in shares of Motorola Solutions Inc (NYSE:MSI) by 24.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 51,819 shares of the communications equipment provider’s stock after selling 16,893 shares during the period. Envestnet Asset Management Inc.’s holdings in Motorola Solutions were worth $4,397,000 at the end of the most recent quarter.
A number of other institutional investors have also recently added to or reduced their stakes in the business. Gyroscope Capital Management Group LLC lifted its position in Motorola Solutions by 1.0% during the 2nd quarter. Gyroscope Capital Management Group LLC now owns 3,347 shares of the communications equipment provider’s stock worth $290,000 after acquiring an additional 32 shares during the last quarter. Janney Montgomery Scott LLC lifted its position in Motorola Solutions by 0.3% during the 2nd quarter. Janney Montgomery Scott LLC now owns 10,408 shares of the communications equipment provider’s stock worth $903,000 after acquiring an additional 34 shares during the last quarter. Pitcairn Co. lifted its position in Motorola Solutions by 0.5% during the 2nd quarter. Pitcairn Co. now owns 8,990 shares of the communications equipment provider’s stock worth $779,000 after acquiring an additional 42 shares during the last quarter. Cambridge Investment Research Advisors Inc. lifted its position in Motorola Solutions by 0.5% during the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 11,266 shares of the communications equipment provider’s stock worth $977,000 after acquiring an additional 55 shares during the last quarter. Finally, D.A. Davidson & CO. lifted its position in Motorola Solutions by 2.4% during the 2nd quarter. D.A. Davidson & CO. now owns 2,473 shares of the communications equipment provider’s stock worth $214,000 after acquiring an additional 59 shares during the last quarter. 87.86% of the stock is owned by hedge funds and other institutional investors.
Several research analysts have recently issued reports on MSI shares. Zacks Investment Research upgraded shares of Motorola Solutions from a “hold” rating to a “buy” rating and set a $103.00 price objective on the stock in a report on Thursday, November 9th. Jefferies Group boosted their price objective on shares of Motorola Solutions from $105.00 to $110.00 and gave the stock a “buy” rating in a report on Friday, November 3rd. Finally, ValuEngine downgraded shares of Motorola Solutions from a “buy” rating to a “hold” rating in a report on Wednesday, November 15th. Four research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Motorola Solutions has a consensus rating of “Buy” and an average target price of $95.08.
In related news, EVP Bruce W. Brda sold 5,916 shares of the company’s stock in a transaction dated Monday, November 6th. The shares were sold at an average price of $92.41, for a total value of $546,697.56. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Eduardo F. Conrado sold 75,830 shares of the company’s stock in a transaction dated Tuesday, December 5th. The shares were sold at an average price of $93.12, for a total transaction of $7,061,289.60. Following the completion of the sale, the executive vice president now directly owns 51,346 shares in the company, valued at approximately $4,781,339.52. The disclosure for this sale can be found here. In the last three months, insiders sold 359,286 shares of company stock worth $33,178,275. 2.50% of the stock is currently owned by insiders.
Motorola Solutions Inc (NYSE:MSI) traded down $0.28 during trading hours on Monday, hitting $92.52. 1,231,900 shares of the stock traded hands, compared to its average volume of 1,072,562. Motorola Solutions Inc has a one year low of $76.92 and a one year high of $94.96. The company has a debt-to-equity ratio of -5.41, a quick ratio of 1.16 and a current ratio of 1.30. The company has a market cap of $14,988.22, a P/E ratio of 18.00, a price-to-earnings-growth ratio of 4.12 and a beta of 0.35.
Motorola Solutions (NYSE:MSI) last posted its earnings results on Thursday, November 2nd. The communications equipment provider reported $1.53 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.40 by $0.13. The business had revenue of $1.65 billion for the quarter, compared to analysts’ expectations of $1.58 billion. Motorola Solutions had a net margin of 10.51% and a negative return on equity of 92.09%. The firm’s revenue for the quarter was up 7.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.37 earnings per share. research analysts forecast that Motorola Solutions Inc will post 5.14 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, January 12th. Investors of record on Friday, December 15th will be paid a $0.52 dividend. The ex-dividend date of this dividend is Thursday, December 14th. This represents a $2.08 dividend on an annualized basis and a yield of 2.25%. This is a boost from Motorola Solutions’s previous quarterly dividend of $0.47. Motorola Solutions’s payout ratio is presently 48.08%.
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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.
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