Caxton Associates LP reduced its stake in shares of Motorola Solutions Inc (NYSE:MSI) by 32.6% in the 4th quarter, Holdings Channel reports. The firm owned 1,750 shares of the communications equipment provider’s stock after selling 845 shares during the quarter. Caxton Associates LP’s holdings in Motorola Solutions were worth $282,000 at the end of the most recent quarter.
Other large investors also recently made changes to their positions in the company. Cullen Frost Bankers Inc. grew its position in shares of Motorola Solutions by 283.3% in the 4th quarter. Cullen Frost Bankers Inc. now owns 161 shares of the communications equipment provider’s stock valued at $26,000 after buying an additional 119 shares during the last quarter. Neo Ivy Capital Management acquired a new stake in Motorola Solutions during the 4th quarter valued at approximately $27,000. Evolution Wealth Advisors LLC increased its position in Motorola Solutions by 652.0% during the 4th quarter. Evolution Wealth Advisors LLC now owns 188 shares of the communications equipment provider’s stock valued at $30,000 after purchasing an additional 163 shares during the period. Sugarloaf Wealth Management LLC bought a new position in Motorola Solutions during the 4th quarter worth approximately $35,000. Finally, Orion Portfolio Solutions LLC bought a new position in Motorola Solutions during the 4th quarter worth approximately $36,000. 86.65% of the stock is owned by institutional investors and hedge funds.
Shares of MSI stock opened at $133.66 on Thursday. The firm has a 50 day moving average of $169.23 and a 200-day moving average of $167.81. The company has a market cap of $22.31 billion, a price-to-earnings ratio of 27.06 and a beta of 0.52. Motorola Solutions Inc has a 52 week low of $120.77 and a 52 week high of $187.49.
Motorola Solutions (NYSE:MSI) last released its earnings results on Thursday, February 6th. The communications equipment provider reported $2.94 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.66 by $0.28. The company had revenue of $2.38 billion for the quarter, compared to the consensus estimate of $2.38 billion. Motorola Solutions had a net margin of 11.02% and a negative return on equity of 136.86%. Motorola Solutions’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.63 EPS. As a group, equities analysts expect that Motorola Solutions Inc will post 8.2 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Friday, March 13th will be paid a $0.64 dividend. This represents a $2.56 annualized dividend and a yield of 1.92%. The ex-dividend date is Thursday, March 12th. Motorola Solutions’s dividend payout ratio (DPR) is currently 34.41%.
In other Motorola Solutions news, CAO Daniel G. Pekofske sold 1,070 shares of the firm’s stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $176.67, for a total value of $189,036.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Rajan Naik sold 2,740 shares of the firm’s stock in a transaction that occurred on Thursday, February 13th. The shares were sold at an average price of $184.97, for a total value of $506,817.80. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 157,088 shares of company stock valued at $28,987,460. Insiders own 2.99% of the company’s stock.
A number of research firms have recently commented on MSI. Zacks Investment Research raised shares of Motorola Solutions from a “sell” rating to a “hold” rating and set a $169.00 price objective on the stock in a research note on Monday, December 23rd. MKM Partners lifted their target price on shares of Motorola Solutions to and gave the stock a “neutral” rating in a research note on Monday, February 10th. Barclays reissued a “buy” rating and set a $216.00 target price on shares of Motorola Solutions in a research note on Sunday, February 9th. Credit Suisse Group restated a “buy” rating and issued a $196.00 target price on shares of Motorola Solutions in a report on Wednesday, March 18th. Finally, JPMorgan Chase & Co. raised shares of Motorola Solutions from an “underweight” rating to a “neutral” rating and set a $170.00 price target on the stock in a research report on Tuesday, March 3rd. They noted that the move was a valuation call. Five research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. The company has an average rating of “Buy” and an average price target of $188.19.
About Motorola Solutions
Motorola Solutions, Inc provides mission-critical communication solutions the United States, the United Kingdom, Canada, and internationally. The company operates in two segments, Products and Systems Integration, and Services and Software. The Products and Systems Integration segment offers a portfolio of infrastructure, devices, accessories, and video solutions, as well as the implementation, optimization, and integration of networks, devices, software, and applications for government, public safety and first-responder agencies, municipalities, and commercial and industrial customers.
Featured Story: CBOE Russell 2000® Volatility Index
Want to see what other hedge funds are holding MSI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Motorola Solutions Inc (NYSE:MSI).
Receive News & Ratings for Motorola Solutions Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Motorola Solutions and related companies with MarketBeat.com's FREE daily email newsletter.