Motorola Solutions Inc (MSI) Stake Lessened by Massachusetts Financial Services Co. MA

Massachusetts Financial Services Co. MA lessened its stake in shares of Motorola Solutions Inc (NYSE:MSI) by 20.2% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 487,594 shares of the communications equipment provider’s stock after selling 123,210 shares during the quarter. Massachusetts Financial Services Co. MA owned about 0.30% of Motorola Solutions worth $63,456,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in MSI. BlackRock Inc. boosted its holdings in shares of Motorola Solutions by 13.1% during the 2nd quarter. BlackRock Inc. now owns 17,760,318 shares of the communications equipment provider’s stock valued at $2,066,771,000 after acquiring an additional 2,060,565 shares during the last quarter. Voya Investment Management LLC boosted its holdings in shares of Motorola Solutions by 171.3% during the 2nd quarter. Voya Investment Management LLC now owns 2,509,657 shares of the communications equipment provider’s stock valued at $292,049,000 after acquiring an additional 1,584,672 shares during the last quarter. Unigestion Holding SA purchased a new stake in shares of Motorola Solutions during the 2nd quarter valued at about $81,578,000. OppenheimerFunds Inc. boosted its holdings in shares of Motorola Solutions by 16.4% during the 2nd quarter. OppenheimerFunds Inc. now owns 4,231,955 shares of the communications equipment provider’s stock valued at $492,472,000 after acquiring an additional 596,941 shares during the last quarter. Finally, Wells Fargo & Company MN boosted its holdings in shares of Motorola Solutions by 32.6% during the 2nd quarter. Wells Fargo & Company MN now owns 2,365,975 shares of the communications equipment provider’s stock valued at $275,329,000 after acquiring an additional 581,645 shares during the last quarter. 86.46% of the stock is currently owned by hedge funds and other institutional investors.

In other news, CEO Gregory Q. Brown sold 99,953 shares of the stock in a transaction that occurred on Friday, September 14th. The shares were sold at an average price of $126.65, for a total value of $12,659,047.45. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO Gino A. Bonanotte sold 23,201 shares of the stock in a transaction that occurred on Wednesday, September 12th. The stock was sold at an average price of $125.97, for a total transaction of $2,922,629.97. Following the completion of the transaction, the chief financial officer now owns 41,019 shares in the company, valued at approximately $5,167,163.43. The disclosure for this sale can be found here. Insiders sold a total of 649,479 shares of company stock worth $82,082,428 in the last quarter. Company insiders own 2.20% of the company’s stock.

Shares of NYSE:MSI opened at $123.78 on Friday. Motorola Solutions Inc has a twelve month low of $89.18 and a twelve month high of $131.48. The company has a market capitalization of $19.35 billion, a PE ratio of 23.80, a price-to-earnings-growth ratio of 1.89 and a beta of 0.41.

Motorola Solutions (NYSE:MSI) last issued its quarterly earnings data on Thursday, November 1st. The communications equipment provider reported $1.94 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.72 by $0.22. Motorola Solutions had a negative net margin of 0.97% and a negative return on equity of 70.84%. The firm had revenue of $1.86 billion for the quarter, compared to analysts’ expectations of $1.87 billion. During the same quarter in the prior year, the business earned $1.53 EPS. The business’s quarterly revenue was up 13.2% on a year-over-year basis. On average, research analysts expect that Motorola Solutions Inc will post 6.57 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, October 15th. Stockholders of record on Friday, September 14th were paid a $0.52 dividend. This represents a $2.08 annualized dividend and a dividend yield of 1.68%. The ex-dividend date was Thursday, September 13th. Motorola Solutions’s dividend payout ratio (DPR) is presently 40.00%.

A number of brokerages have recently issued reports on MSI. Zacks Investment Research downgraded shares of Motorola Solutions from a “buy” rating to a “hold” rating in a report on Monday, October 8th. Citigroup raised their price target on shares of Motorola Solutions from $130.00 to $146.00 and gave the company a “buy” rating in a report on Tuesday, September 25th. Credit Suisse Group set a $137.00 price target on shares of Motorola Solutions and gave the company a “hold” rating in a report on Friday, September 21st. Jefferies Financial Group raised their price target on shares of Motorola Solutions from $140.00 to $145.00 and gave the company a “buy” rating in a report on Tuesday, August 28th. Finally, Argus raised their price target on shares of Motorola Solutions to $140.00 and gave the company a “buy” rating in a report on Tuesday, August 7th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and ten have given a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $131.85.

About Motorola Solutions

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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Institutional Ownership by Quarter for Motorola Solutions (NYSE:MSI)

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