SPC Financial Inc. lessened its stake in Motorola Solutions Inc (NYSE:MSI) by 28.1% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 31,010 shares of the communications equipment provider’s stock after selling 12,110 shares during the quarter. SPC Financial Inc.’s holdings in Motorola Solutions were worth $2,632,000 at the end of the most recent reporting period.
Several other hedge funds also recently added to or reduced their stakes in the company. Gyroscope Capital Management Group LLC lifted its holdings in shares of Motorola Solutions by 1.0% in the second quarter. Gyroscope Capital Management Group LLC now owns 3,347 shares of the communications equipment provider’s stock worth $290,000 after buying an additional 32 shares in the last quarter. Janney Montgomery Scott LLC raised its stake in Motorola Solutions by 0.3% during the second quarter. Janney Montgomery Scott LLC now owns 10,408 shares of the communications equipment provider’s stock valued at $903,000 after purchasing an additional 34 shares in the last quarter. Pitcairn Co. raised its stake in Motorola Solutions by 0.5% during the second quarter. Pitcairn Co. now owns 8,990 shares of the communications equipment provider’s stock valued at $779,000 after purchasing an additional 42 shares in the last quarter. Capital Investment Advisors LLC raised its stake in Motorola Solutions by 1.5% during the second quarter. Capital Investment Advisors LLC now owns 3,091 shares of the communications equipment provider’s stock valued at $268,000 after purchasing an additional 46 shares in the last quarter. Finally, Rothschild Asset Management Inc. raised its stake in Motorola Solutions by 0.8% during the second quarter. Rothschild Asset Management Inc. now owns 6,597 shares of the communications equipment provider’s stock valued at $572,000 after purchasing an additional 51 shares in the last quarter. 88.04% of the stock is currently owned by hedge funds and other institutional investors.
In other Motorola Solutions news, EVP Bruce W. Brda sold 5,916 shares of the stock in a transaction dated Monday, November 6th. The shares were sold at an average price of $92.41, for a total transaction of $546,697.56. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 2.50% of the stock is owned by corporate insiders.
MSI has been the topic of a number of recent research reports. Zacks Investment Research downgraded shares of Motorola Solutions from a “buy” rating to a “hold” rating in a research note on Monday, August 28th. Cleveland Research raised shares of Motorola Solutions from a “neutral” rating to a “buy” rating in a research note on Friday, October 6th. Finally, Jefferies Group LLC reaffirmed a “buy” rating and set a $105.00 price target on shares of Motorola Solutions in a research note on Friday, October 6th. Four analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Motorola Solutions presently has a consensus rating of “Buy” and an average price target of $95.08.
Motorola Solutions Inc (NYSE:MSI) opened at $91.02 on Wednesday. The company has a quick ratio of 1.16, a current ratio of 1.30 and a debt-to-equity ratio of -5.41. The company has a market cap of $14,730.00, a PE ratio of 17.72, a PEG ratio of 4.06 and a beta of 0.33. Motorola Solutions Inc has a 1-year low of $76.92 and a 1-year high of $94.94.
Motorola Solutions (NYSE:MSI) last posted its quarterly earnings results on Thursday, November 2nd. The communications equipment provider reported $1.53 EPS for the quarter, topping the Zacks’ consensus estimate of $1.40 by $0.13. The firm had revenue of $1.65 billion for the quarter, compared to analysts’ expectations of $1.58 billion. Motorola Solutions had a net margin of 10.51% and a negative return on equity of 92.09%. The business’s revenue for the quarter was up 7.4% on a year-over-year basis. During the same period in the prior year, the business posted $1.37 earnings per share. research analysts predict that Motorola Solutions Inc will post 5.14 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, January 12th. Shareholders of record on Friday, December 15th will be issued a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a yield of 2.29%. This is a boost from Motorola Solutions’s previous quarterly dividend of $0.47. The ex-dividend date is Thursday, December 14th. Motorola Solutions’s dividend payout ratio is presently 48.08%.
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About Motorola Solutions
Motorola Solutions, Inc is a provider of communication infrastructure, devices, accessories, software and services. The Company operates through two segments: Products and Services. The Company’s Products segment offers a portfolio of infrastructure, devices, accessories and software. The Products segment has two product lines: Devices and Systems.
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