Seeyond cut its position in shares of Motorola Solutions Inc (NYSE:MSI) by 37.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,749 shares of the communications equipment provider’s stock after selling 2,810 shares during the quarter. Seeyond’s holdings in Motorola Solutions were worth $792,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently bought and sold shares of MSI. Institutional & Family Asset Management LLC increased its position in shares of Motorola Solutions by 100.0% during the first quarter. Institutional & Family Asset Management LLC now owns 200 shares of the communications equipment provider’s stock worth $28,000 after buying an additional 100 shares during the period. Hexavest Inc. acquired a new stake in shares of Motorola Solutions during the second quarter worth $30,000. Ruggie Capital Group acquired a new stake in shares of Motorola Solutions during the second quarter worth $35,000. Icon Wealth Partners LLC acquired a new stake in shares of Motorola Solutions during the first quarter worth $36,000. Finally, Berman Capital Advisors LLC increased its position in shares of Motorola Solutions by 60.2% during the first quarter. Berman Capital Advisors LLC now owns 274 shares of the communications equipment provider’s stock worth $38,000 after buying an additional 103 shares during the period. Institutional investors own 89.92% of the company’s stock.
In other Motorola Solutions news, SVP Rajan Naik sold 9,408 shares of the firm’s stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $171.55, for a total value of $1,613,942.40. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Lake (Offshore) Aiv Gp Silver sold 5,471,271 shares of the firm’s stock in a transaction on Monday, September 9th. The shares were sold at an average price of $175.75, for a total transaction of $961,575,878.25. The disclosure for this sale can be found here. Insiders sold 5,958,449 shares of company stock worth $1,047,392,724 over the last ninety days. Insiders own 2.99% of the company’s stock.
MSI has been the subject of several recent analyst reports. Zacks Investment Research cut shares of Motorola Solutions from a “buy” rating to a “hold” rating and set a $177.00 price objective for the company. in a research report on Wednesday, July 3rd. Jefferies Financial Group set a $200.00 price objective on shares of Motorola Solutions and gave the stock a “buy” rating in a research report on Wednesday, August 21st. MKM Partners increased their price objective on shares of Motorola Solutions to $170.00 in a research report on Friday, August 2nd. Northcoast Research cut shares of Motorola Solutions from a “buy” rating to a “neutral” rating and set a $171.53 price objective for the company. in a research report on Wednesday, July 17th. Finally, Barclays started coverage on shares of Motorola Solutions in a research report on Wednesday, August 7th. They set an “overweight” rating and a $195.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and ten have issued a buy rating to the company’s stock. Motorola Solutions presently has an average rating of “Buy” and an average target price of $164.93.
NYSE MSI traded up $1.48 on Friday, hitting $167.62. 491,164 shares of the company were exchanged, compared to its average volume of 1,027,042. The company has a market cap of $27.59 billion, a PE ratio of 24.54, a PEG ratio of 2.92 and a beta of 0.58. Motorola Solutions Inc has a 12 month low of $108.25 and a 12 month high of $182.28. The stock has a fifty day moving average of $174.00 and a 200-day moving average of $156.94.
Motorola Solutions (NYSE:MSI) last issued its earnings results on Thursday, August 1st. The communications equipment provider reported $1.69 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.52 by $0.17. The business had revenue of $1.86 billion for the quarter, compared to analyst estimates of $1.84 billion. Motorola Solutions had a net margin of 13.47% and a negative return on equity of 105.22%. Motorola Solutions’s revenue was up 5.7% on a year-over-year basis. During the same period in the prior year, the firm earned $1.46 earnings per share. As a group, research analysts anticipate that Motorola Solutions Inc will post 7.35 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Friday, September 13th will be paid a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a dividend yield of 1.36%. The ex-dividend date is Thursday, September 12th. Motorola Solutions’s dividend payout ratio (DPR) is 33.38%.
Motorola Solutions Company Profile
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.
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