Alliancebernstein L.P. increased its position in Motorola Solutions (NYSE:MSI) by 12.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 425,031 shares of the communications equipment provider’s stock after purchasing an additional 45,617 shares during the quarter. Alliancebernstein L.P. owned approximately 0.26% of Motorola Solutions worth $38,397,000 as of its most recent SEC filing.
Other hedge funds have also recently modified their holdings of the company. Grove Bank & Trust raised its holdings in shares of Motorola Solutions by 731.0% in the 3rd quarter. Grove Bank & Trust now owns 1,205 shares of the communications equipment provider’s stock valued at $102,000 after purchasing an additional 1,060 shares during the period. NuWave Investment Management LLC bought a new stake in shares of Motorola Solutions in the 4th quarter valued at about $168,000. Fuller & Thaler Asset Management Inc. bought a new stake in shares of Motorola Solutions in the 3rd quarter valued at about $187,000. Tower Research Capital LLC TRC bought a new stake in shares of Motorola Solutions in the 4th quarter valued at about $188,000. Finally, Meeder Asset Management Inc. raised its holdings in shares of Motorola Solutions by 67.4% in the 4th quarter. Meeder Asset Management Inc. now owns 2,171 shares of the communications equipment provider’s stock valued at $196,000 after purchasing an additional 874 shares during the period. 87.94% of the stock is currently owned by institutional investors.
Shares of NYSE:MSI traded down $2.71 on Friday, reaching $103.98. 1,080,416 shares of the company’s stock were exchanged, compared to its average volume of 1,179,333. Motorola Solutions has a twelve month low of $79.63 and a twelve month high of $110.29. The firm has a market cap of $17,209.90, a PE ratio of 20.00, a PEG ratio of 2.12 and a beta of 0.32. The company has a quick ratio of 1.24, a current ratio of 1.35 and a debt-to-equity ratio of -2.56.
Motorola Solutions (NYSE:MSI) last announced its earnings results on Thursday, February 1st. The communications equipment provider reported $2.10 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate 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 firm had revenue of $1.96 billion for the quarter, compared to analyst estimates of $1.94 billion. During the same quarter in the prior year, the business posted $2.03 EPS. The business’s revenue was up 3.9% compared to the same quarter last year. research analysts expect that Motorola Solutions will post 6.3 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, April 13th. Shareholders of record on Thursday, March 15th will be given a dividend of $0.52 per share. The ex-dividend date is Wednesday, March 14th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 2.00%. Motorola Solutions’s payout ratio is presently 40.00%.
A number of equities research analysts have recently issued reports on MSI shares. Zacks Investment Research cut shares of Motorola Solutions from a “buy” rating to a “hold” rating in a report on Monday, January 8th. Citigroup upped their target price on shares of Motorola Solutions from $120.00 to $130.00 and gave the company a “buy” rating in a report on Friday, March 9th. Deutsche Bank upgraded shares of Motorola Solutions from a “hold” rating to a “buy” rating and set a $78.00 price target on the stock in a research note on Friday, January 12th. Raymond James Financial initiated coverage on shares of Motorola Solutions in a research note on Friday, February 23rd. They issued an “outperform” rating on the stock. Finally, JPMorgan Chase initiated coverage on shares of Motorola Solutions in a research note on Friday, February 9th. They issued a “neutral” rating and a $115.00 price target on the stock. Four research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Motorola Solutions presently has a consensus rating of “Buy” and an average price target of $114.17.
In related news, 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 transaction of $704,045.00. Following the sale, the executive vice president now owns 16,396 shares in the company, valued at approximately $1,557,620. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Motorola Solutions, Inc. sold 949,779 shares of the stock in a transaction that occurred on Wednesday, January 10th. The stock was 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. In the last 90 days, insiders have sold 1,394,467 shares of company stock worth $62,068,687. Company insiders own 2.50% of the company’s stock.
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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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