Advisor Group Inc. lifted its holdings in Motorola Solutions (NYSE:MSI) by 24.6% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 30,730 shares of the communications equipment provider’s stock after purchasing an additional 6,064 shares during the period. Advisor Group Inc.’s holdings in Motorola Solutions were worth $2,778,000 at the end of the most recent reporting period.
Several other large investors have also modified their holdings of the company. Shellback Capital LP bought a new position in shares of Motorola Solutions in the 4th quarter worth approximately $28,654,000. JOYN Advisors Inc. bought a new position in shares of Motorola Solutions in the 4th quarter worth approximately $372,000. Quantitative Investment Management LLC lifted its stake in shares of Motorola Solutions by 84.0% in the 4th quarter. Quantitative Investment Management LLC now owns 83,000 shares of the communications equipment provider’s stock worth $7,498,000 after purchasing an additional 37,900 shares during the period. BlueCrest Capital Management Ltd bought a new position in shares of Motorola Solutions in the 4th quarter worth approximately $1,018,000. Finally, Renaissance Technologies LLC raised its stake in Motorola Solutions by 70.1% during the 4th quarter. Renaissance Technologies LLC now owns 811,415 shares of the communications equipment provider’s stock worth $73,303,000 after acquiring an additional 334,300 shares during the period. Hedge funds and other institutional investors own 87.94% of the company’s stock.
In related news, Chairman Gregory Q. Brown sold 185,000 shares of the firm’s stock in a transaction on Tuesday, March 13th. The shares were sold at an average price of $109.08, for a total value of $20,179,800.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Motorola Solutions, Inc. sold 949,779 shares of the firm’s stock in a transaction on Wednesday, January 10th. The shares were sold at an average price of $15.00, for a total transaction of $14,246,685.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 1,394,467 shares of company stock valued at $62,068,687. 2.50% of the stock is currently owned by insiders.
MSI traded down $2.71 during trading on Friday, reaching $103.98. 1,080,416 shares of the company traded hands, compared to its average volume of 1,179,333. The company has a debt-to-equity ratio of -2.56, a current ratio of 1.35 and a quick ratio of 1.24. Motorola Solutions has a 12-month low of $79.63 and a 12-month high of $110.29. The firm has a market cap of $17,209.90, a P/E ratio of 20.00, a price-to-earnings-growth ratio of 2.12 and a beta of 0.32.
Motorola Solutions (NYSE:MSI) last announced its quarterly earnings data on Thursday, February 1st. The communications equipment provider reported $2.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.04 by $0.06. Motorola Solutions had a negative net margin of 2.43% and a negative return on equity of 75.81%. The business had revenue of $1.96 billion during the quarter, compared to analyst estimates of $1.94 billion. During the same period last year, the firm posted $2.03 EPS. The company’s revenue was up 3.9% on a year-over-year basis. sell-side analysts anticipate that Motorola Solutions will post 6.3 earnings per share for the current year.
The firm also recently announced 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 dividend yield of 2.00%. The ex-dividend date is Wednesday, March 14th. Motorola Solutions’s dividend payout ratio (DPR) is presently 40.00%.
A number of equities research analysts have commented on the stock. Citigroup raised their target price on shares of Motorola Solutions from $120.00 to $130.00 and gave the stock a “buy” rating in a research note on Friday, March 9th. BTIG Research assumed coverage on shares of Motorola Solutions in a research note on Friday, March 16th. They set a “buy” rating and a $137.00 target price on the stock. ValuEngine upgraded shares of Motorola Solutions from a “hold” rating to a “buy” rating in a research note on Thursday, March 1st. Jefferies Group restated a “buy” rating on shares of Motorola Solutions in a research note on Thursday, March 1st. Finally, Deutsche Bank raised their target price on shares of Motorola Solutions from $120.00 to $125.00 and gave the stock a “buy” rating in a research note on Thursday, March 1st. Four equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $114.17.
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Motorola Solutions Profile
Motorola Solutions, Inc, together with its subsidiaries, provides mission-critical communication infrastructure, devices, accessories, software, and services in the United States, the United Kingdom, and internationally. The company operates in two segments, Products and Services. The Products segment offers a portfolio of infrastructure, devices, accessories, and software for government, public safety and first-responder agencies, municipalities, and commercial and industrial customers.
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