Wells Fargo & Company MN lessened its holdings in shares of Motorola Solutions Inc (NYSE:MSI) by 17.8% during the 4th quarter, HoldingsChannel reports. The fund owned 1,440,628 shares of the communications equipment provider’s stock after selling 312,252 shares during the period. Wells Fargo & Company MN’s holdings in Motorola Solutions were worth $130,147,000 as of its most recent SEC filing.
A number of other large investors have also added to or reduced their stakes in MSI. Cubist Systematic Strategies LLC grew its stake in shares of Motorola Solutions by 60.5% in the 3rd quarter. Cubist Systematic Strategies LLC now owns 11,919 shares of the communications equipment provider’s stock valued at $1,012,000 after buying an additional 4,495 shares in the last quarter. Swiss National Bank grew its stake in shares of Motorola Solutions by 0.3% in the 3rd quarter. Swiss National Bank now owns 809,178 shares of the communications equipment provider’s stock valued at $68,675,000 after buying an additional 2,600 shares in the last quarter. Handelsbanken Fonder AB bought a new stake in shares of Motorola Solutions in the 3rd quarter valued at approximately $424,000. State of Wisconsin Investment Board grew its stake in shares of Motorola Solutions by 135.8% in the 3rd quarter. State of Wisconsin Investment Board now owns 63,201 shares of the communications equipment provider’s stock valued at $5,364,000 after buying an additional 36,400 shares in the last quarter. Finally, APG Asset Management N.V. grew its stake in shares of Motorola Solutions by 75.1% in the 3rd quarter. APG Asset Management N.V. now owns 1,641,459 shares of the communications equipment provider’s stock valued at $139,311,000 after buying an additional 704,000 shares in the last quarter. 86.45% of the stock is currently owned by institutional investors.
In other Motorola Solutions news, CAO John K. Wozniak sold 45,577 shares of the stock in a transaction dated Monday, February 5th. The stock was sold at an average price of $104.90, for a total value of $4,781,027.30. Following the transaction, the chief accounting officer now owns 20,099 shares of the company’s stock, valued at $2,108,385.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Chairman Gregory Q. Brown sold 50,000 shares of the stock in a transaction dated Wednesday, November 29th. The shares were sold at an average price of $94.32, for a total value of $4,716,000.00. The disclosure for this sale can be found here. Insiders sold 1,148,297 shares of company stock worth $33,341,147 in the last three months. Insiders own 2.50% of the company’s stock.
Shares of Motorola Solutions Inc (MSI) opened at $105.91 on Tuesday. The company has a debt-to-equity ratio of -2.56, a quick ratio of 1.24 and a current ratio of 1.35. The company has a market capitalization of $17,084.08, a price-to-earnings ratio of 20.41, a PEG ratio of 2.10 and a beta of 0.40. Motorola Solutions Inc has a 1-year low of $78.23 and a 1-year high of $107.78.
Motorola Solutions (NYSE:MSI) last announced its earnings results on Thursday, February 1st. The communications equipment provider reported $2.10 EPS for the quarter, topping the consensus estimate of $2.04 by $0.06. Motorola Solutions had a negative return on equity of 75.81% and a negative net margin of 2.43%. The company had revenue of $1.96 billion for the quarter, compared to analysts’ expectations of $1.94 billion. During the same quarter in the prior year, the business earned $2.03 earnings per share. The business’s revenue for the quarter was up 3.9% on a year-over-year basis. research analysts expect that Motorola Solutions Inc will post 6.31 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, April 13th. Shareholders of record on Thursday, March 15th will be paid a $0.52 dividend. This represents a $2.08 annualized dividend and a yield of 1.96%. The ex-dividend date is Wednesday, March 14th. Motorola Solutions’s payout ratio is -192.59%.
MSI has been the subject of several analyst reports. Zacks Investment Research lowered Motorola Solutions from a “buy” rating to a “hold” rating in a report on Monday, October 23rd. Jefferies Group upped their price target on Motorola Solutions from $105.00 to $110.00 and gave the stock a “buy” rating in a report on Friday, November 3rd. ValuEngine lowered Motorola Solutions from a “buy” rating to a “hold” rating in a research note on Wednesday, November 15th. Deutsche Bank upgraded Motorola Solutions from a “hold” rating to a “buy” rating and set a $78.00 target price for the company in a research note on Friday, January 12th. Finally, Citigroup upped their target price on Motorola Solutions from $104.00 to $112.00 and gave the company a “buy” rating in a research note on Wednesday, January 24th. Four investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Motorola Solutions has a consensus rating of “Buy” and a consensus target price of $103.27.
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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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