Gateway Investment Advisers LLC lessened its holdings in shares of Motorola Solutions Inc (NYSE:MSI) by 4.8% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 155,983 shares of the communications equipment provider’s stock after selling 7,843 shares during the quarter. Gateway Investment Advisers LLC owned 0.10% of Motorola Solutions worth $14,092,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds have also bought and sold shares of the company. Grove Bank & Trust increased its position in Motorola Solutions by 731.0% during the 3rd quarter. Grove Bank & Trust now owns 1,205 shares of the communications equipment provider’s stock worth $102,000 after purchasing an additional 1,060 shares in the last quarter. Sun Life Financial INC increased its position in Motorola Solutions by 14,800.0% during the 2nd quarter. Sun Life Financial INC now owns 1,192 shares of the communications equipment provider’s stock worth $103,000 after purchasing an additional 1,184 shares in the last quarter. Acrospire Investment Management LLC increased its position in Motorola Solutions by 33.3% during the 2nd quarter. Acrospire Investment Management LLC now owns 1,200 shares of the communications equipment provider’s stock worth $104,000 after purchasing an additional 300 shares in the last quarter. Fuller & Thaler Asset Management Inc. acquired a new stake in Motorola Solutions during the 3rd quarter worth approximately $187,000. Finally, Williams Jones & Associates LLC acquired a new stake in Motorola Solutions during the 2nd quarter worth approximately $201,000. 87.81% of the stock is owned by hedge funds and other institutional investors.
A number of analysts recently issued reports on the stock. Deutsche Bank raised shares of Motorola Solutions from a “hold” rating to a “buy” rating and set a $78.00 target price for the company in a research report on Friday, January 12th. Zacks Investment Research raised shares of Motorola Solutions from a “hold” rating to a “buy” rating and set a $108.00 price objective for the company in a research report on Wednesday. ValuEngine downgraded shares of Motorola Solutions from a “buy” rating to a “hold” rating in a research report on Wednesday, November 15th. Jefferies Group reaffirmed a “buy” rating and issued a $105.00 price objective on shares of Motorola Solutions in a research report on Friday, October 6th. Finally, Cleveland Research raised shares of Motorola Solutions from a “neutral” rating to a “buy” rating in a research report on Friday, October 6th. Three research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $95.50.
Shares of Motorola Solutions Inc (MSI) opened at $97.50 on Friday. The company has a debt-to-equity ratio of -5.41, a current ratio of 1.30 and a quick ratio of 1.16. Motorola Solutions Inc has a 1 year low of $76.92 and a 1 year high of $97.70. The stock has a market cap of $15,759.34, a P/E ratio of 24.94, a price-to-earnings-growth ratio of 4.03 and a beta of 0.35.
Motorola Solutions (NYSE:MSI) last issued its quarterly earnings data on Thursday, November 2nd. The communications equipment provider reported $1.53 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.40 by $0.13. Motorola Solutions had a net margin of 10.51% and a negative return on equity of 92.09%. The company had revenue of $1.65 billion during the quarter, compared to the consensus estimate of $1.58 billion. During the same quarter last year, the company earned $1.37 earnings per share. Motorola Solutions’s revenue for the quarter was up 7.4% on a year-over-year basis. equities 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 was paid on Friday, January 12th. Stockholders of record on Friday, December 15th were paid a dividend of $0.52 per share. This is a boost from Motorola Solutions’s previous quarterly dividend of $0.47. This represents a $2.08 annualized dividend and a dividend yield of 2.13%. The ex-dividend date of this dividend was Thursday, December 14th. Motorola Solutions’s dividend payout ratio is 53.20%.
In other news, EVP Bruce W. Brda sold 5,916 shares of the stock in a transaction that occurred on Monday, November 6th. The stock was sold at an average price of $92.41, for a total transaction of $546,697.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Mark S. Hacker sold 7,411 shares of the stock in a transaction that occurred on Friday, January 12th. The shares were sold at an average price of $95.00, for a total value of $704,045.00. Following the transaction, the executive vice president now owns 16,396 shares of the company’s stock, valued at $1,557,620. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,336,176 shares of company stock valued at $49,961,105. Company insiders own 2.50% of the company’s stock.
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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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