Strategy Asset Managers LLC decreased its position in shares of Motorola Solutions Inc (NYSE:MSI) by 16.1% during the 1st quarter, HoldingsChannel reports. The fund owned 18,061 shares of the communications equipment provider’s stock after selling 3,453 shares during the period. Strategy Asset Managers LLC’s holdings in Motorola Solutions were worth $2,536,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. BlackRock Inc. boosted its position in Motorola Solutions by 0.5% in the fourth quarter. BlackRock Inc. now owns 18,635,987 shares of the communications equipment provider’s stock valued at $2,143,884,000 after buying an additional 95,399 shares in the last quarter. Vanguard Group Inc boosted its position in Motorola Solutions by 1.7% in the third quarter. Vanguard Group Inc now owns 17,158,918 shares of the communications equipment provider’s stock valued at $2,233,062,000 after buying an additional 280,698 shares in the last quarter. Oregon Public Employees Retirement Fund boosted its position in Motorola Solutions by 10,544.5% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 4,378,307 shares of the communications equipment provider’s stock valued at $38,000 after buying an additional 4,337,175 shares in the last quarter. Parnassus Investments CA boosted its position in Motorola Solutions by 1.1% in the fourth quarter. Parnassus Investments CA now owns 4,265,162 shares of the communications equipment provider’s stock valued at $490,664,000 after buying an additional 44,686 shares in the last quarter. Finally, APG Asset Management N.V. boosted its position in Motorola Solutions by 2.3% in the fourth quarter. APG Asset Management N.V. now owns 2,775,493 shares of the communications equipment provider’s stock valued at $279,310,000 after buying an additional 61,800 shares in the last quarter. Institutional investors and hedge funds own 86.30% of the company’s stock.
In other Motorola Solutions news, EVP Kelly S. Mark sold 13,600 shares of Motorola Solutions stock in a transaction on Wednesday, February 27th. The shares were sold at an average price of $142.71, for a total value of $1,940,856.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP John P. Molloy sold 79,995 shares of Motorola Solutions stock in a transaction on Thursday, February 21st. The shares were sold at an average price of $139.42, for a total transaction of $11,152,902.90. The disclosure for this sale can be found here. Insiders have sold 174,692 shares of company stock valued at $24,652,559 in the last three months. 2.99% of the stock is owned by insiders.
Motorola Solutions (NYSE:MSI) last announced its earnings results on Thursday, May 2nd. The communications equipment provider reported $1.28 earnings per share for the quarter, topping analysts’ consensus estimates of $1.08 by $0.20. Motorola Solutions had a net margin of 13.29% and a negative return on equity of 91.61%. The business had revenue of $1.66 billion during the quarter, compared to the consensus estimate of $1.62 billion. During the same quarter last year, the firm earned $1.10 earnings per share. Motorola Solutions’s quarterly revenue was up 12.9% on a year-over-year basis. As a group, analysts anticipate that Motorola Solutions Inc will post 7.41 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Friday, June 14th will be paid a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a yield of 1.54%. The ex-dividend date of this dividend is Thursday, June 13th. Motorola Solutions’s dividend payout ratio is presently 33.38%.
A number of analysts have weighed in on MSI shares. Zacks Investment Research lowered shares of Motorola Solutions from a “buy” rating to a “hold” rating in a research report on Wednesday, April 10th. Deutsche Bank raised their target price on shares of Motorola Solutions from $150.00 to $160.00 and gave the company a “buy” rating in a research report on Tuesday, April 9th. Raymond James set a $139.00 price target on shares of Motorola Solutions and gave the stock a “buy” rating in a report on Friday, February 8th. TheStreet upgraded shares of Motorola Solutions from a “c+” rating to a “b-” rating in a report on Tuesday, February 26th. Finally, ValuEngine upgraded shares of Motorola Solutions from a “hold” rating to a “buy” rating in a report on Friday, February 8th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and twelve have given a buy rating to the stock. Motorola Solutions presently has a consensus rating of “Buy” and a consensus target price of $139.39.
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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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