Stock Traders Buy Large Volume of Put Options on Motorola Solutions (MSI)

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Motorola Solutions Inc (NYSE:MSI) saw unusually large options trading activity on Monday. Traders bought 2,246 put options on the stock. This is an increase of 1,564% compared to the average daily volume of 135 put options.

MSI has been the subject of several recent analyst reports. Jefferies Financial Group upped their price objective on shares of Motorola Solutions to $140.00 and gave the stock a “buy” rating in a report on Monday, July 23rd. Credit Suisse Group set a $137.00 price objective on shares of Motorola Solutions and gave the stock a “hold” rating in a report on Friday, September 21st. Zacks Investment Research raised shares of Motorola Solutions from a “hold” rating to a “buy” rating and set a $137.00 price objective for the company in a report on Tuesday, July 24th. Northcoast Research set a $128.00 price objective on shares of Motorola Solutions and gave the stock a “buy” rating in a report on Monday, August 6th. Finally, JPMorgan Chase & Co. downgraded shares of Motorola Solutions from a “neutral” rating to an “underweight” rating in a report on Friday, August 3rd. One analyst has rated the stock with a sell rating, three have given a hold rating and ten have given a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $131.85.

In related news, Chairman Gregory Q. Brown sold 204,953 shares of the company’s stock in a transaction on Friday, September 14th. The shares were sold at an average price of $126.47, for a total transaction of $25,920,405.91. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP John P. Molloy sold 152,871 shares of the company’s stock in a transaction on Wednesday, September 12th. The stock was sold at an average price of $125.92, for a total transaction of $19,249,516.32. Following the sale, the executive vice president now directly owns 23,127 shares of the company’s stock, valued at $2,912,151.84. The disclosure for this sale can be found here. Insiders sold 649,479 shares of company stock valued at $82,082,428 over the last three months. Insiders own 2.20% of the company’s stock.

A number of institutional investors have recently modified their holdings of MSI. BlackRock Inc. raised its stake in shares of Motorola Solutions by 13.1% in 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 buying an additional 2,060,565 shares in the last quarter. Voya Investment Management LLC raised its stake in shares of Motorola Solutions by 171.3% in 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 buying an additional 1,584,672 shares in the last quarter. Unigestion Holding SA acquired a new position in shares of Motorola Solutions in the 2nd quarter valued at $81,578,000. OppenheimerFunds Inc. raised its stake in shares of Motorola Solutions by 16.4% in the 2nd quarter. OppenheimerFunds Inc. now owns 4,231,955 shares of the communications equipment provider’s stock valued at $492,472,000 after buying an additional 596,941 shares in the last quarter. Finally, Wells Fargo & Company MN raised its stake in shares of Motorola Solutions by 32.6% in 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 buying an additional 581,645 shares in the last quarter. 86.46% of the stock is owned by hedge funds and other institutional investors.

Shares of Motorola Solutions stock opened at $117.06 on Tuesday. Motorola Solutions has a fifty-two week low of $89.18 and a fifty-two week high of $131.48. The firm has a market capitalization of $19.42 billion, a price-to-earnings ratio of 22.51, a P/E/G ratio of 1.90 and a beta of 0.41.

Motorola Solutions (NYSE:MSI) last issued its quarterly earnings results on Thursday, August 2nd. The communications equipment provider reported $1.46 earnings per share for the quarter, beating analysts’ consensus estimates of $1.37 by $0.09. Motorola Solutions had a negative net margin of 0.97% and a negative return on equity of 70.84%. The firm had revenue of $1.76 billion during the quarter, compared to the consensus estimate of $1.72 billion. During the same period in the prior year, the firm earned $1.12 EPS. The business’s revenue was up 17.6% on a year-over-year basis. On average, equities research analysts predict that Motorola Solutions will post 6.57 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Monday, October 15th. Shareholders of record on Friday, September 14th were issued a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a yield of 1.78%. The ex-dividend date of this dividend was Thursday, September 13th. Motorola Solutions’s dividend payout ratio (DPR) is presently 40.00%.

Motorola Solutions Company 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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