Crossmark Global Holdings Inc. Reduces Position in Motorola Solutions Inc (NYSE:MSI)

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Crossmark Global Holdings Inc. cut its position in Motorola Solutions Inc (NYSE:MSI) by 4.0% during the third quarter, HoldingsChannel reports. The firm owned 16,357 shares of the communications equipment provider’s stock after selling 686 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Motorola Solutions were worth $2,787,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Municipal Employees Retirement System of Michigan grew its position in shares of Motorola Solutions by 2.7% in the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 2,270 shares of the communications equipment provider’s stock valued at $378,000 after buying an additional 60 shares during the last quarter. Captrust Financial Advisors grew its position in shares of Motorola Solutions by 5.6% in the 2nd quarter. Captrust Financial Advisors now owns 1,150 shares of the communications equipment provider’s stock valued at $192,000 after buying an additional 61 shares during the last quarter. Profund Advisors LLC grew its position in shares of Motorola Solutions by 1.1% in the 2nd quarter. Profund Advisors LLC now owns 6,833 shares of the communications equipment provider’s stock valued at $1,139,000 after buying an additional 73 shares during the last quarter. Point72 Asset Management L.P. grew its position in shares of Motorola Solutions by 17.9% in the 2nd quarter. Point72 Asset Management L.P. now owns 500 shares of the communications equipment provider’s stock valued at $83,000 after buying an additional 76 shares during the last quarter. Finally, Hanseatic Management Services Inc. grew its position in shares of Motorola Solutions by 1.3% in the 2nd quarter. Hanseatic Management Services Inc. now owns 6,039 shares of the communications equipment provider’s stock valued at $1,007,000 after buying an additional 79 shares during the last quarter. 87.22% of the stock is currently owned by institutional investors.

A number of research firms recently commented on MSI. Northcoast Research downgraded shares of Motorola Solutions from a “buy” rating to a “neutral” rating and set a $171.53 target price on the stock. in a research report on Wednesday, July 17th. Raymond James increased their target price on shares of Motorola Solutions from $160.00 to $182.00 and gave the company an “outperform” rating in a research report on Friday, August 2nd. Jefferies Financial Group set a $200.00 target price on shares of Motorola Solutions and gave the company a “buy” rating in a research report on Wednesday, August 21st. Argus increased their target price on shares of Motorola Solutions from $165.00 to $190.00 and gave the company a “buy” rating in a research report on Wednesday, July 17th. Finally, ValuEngine downgraded shares of Motorola Solutions from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. One research analyst has rated the stock with a sell rating, six have issued a hold rating and nine have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $164.93.

Shares of NYSE:MSI opened at $167.53 on Friday. The stock has a market cap of $27.74 billion, a P/E ratio of 24.53, a P/E/G ratio of 3.04 and a beta of 0.59. The firm has a fifty day moving average price of $171.74 and a 200 day moving average price of $160.95. Motorola Solutions Inc has a 1-year low of $108.25 and a 1-year high of $182.28.

Motorola Solutions (NYSE:MSI) last issued its quarterly earnings results on Thursday, August 1st. The communications equipment provider reported $1.69 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.52 by $0.17. The firm had revenue of $1.86 billion during the quarter, compared to analysts’ expectations 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 quarterly revenue was up 5.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.46 EPS. Analysts anticipate that Motorola Solutions Inc will post 7.35 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Friday, September 13th will be paid a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a yield of 1.36%. The ex-dividend date of this dividend is Thursday, September 12th. Motorola Solutions’s dividend payout ratio is currently 33.38%.

In related news, SVP Rajan Naik sold 9,408 shares of the stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $171.55, for a total transaction of $1,613,942.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman Gregory Q. Brown sold 264,635 shares of the stock in a transaction on Monday, August 12th. The stock was sold at an average price of $176.80, for a total transaction of $46,787,468.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 5,958,449 shares of company stock valued at $1,047,392,724. 2.99% of the stock is owned by company insiders.

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

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