Stock Traders Buy Large Volume of Motorola Solutions Put Options (MSI)
Motorola Solutions Inc (NYSE:MSI) was the target of unusually large options trading activity on Thursday. Traders bought 378 put options on the stock. This represents an increase of 541% compared to the average daily volume of 59 put options.
Several analysts recently commented on the stock. Zacks Investment Research upgraded shares of Motorola Solutions from a “hold” rating to a “buy” rating and set a $97.00 price target for the company in a report on Wednesday, September 6th. Jefferies Group restated a “buy” rating and set a $105.00 price target on shares of Motorola Solutions in a report on Tuesday, August 22nd. Finally, ValuEngine cut shares of Motorola Solutions from a “buy” rating to a “hold” rating in a report on Tuesday, August 22nd. Four investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Motorola Solutions presently has an average rating of “Buy” and an average target price of $95.08.
In related news, EVP Bruce W. Brda sold 5,916 shares of the firm’s stock in a transaction that occurred on Monday, November 6th. The shares were sold at an average price of $92.41, for a total transaction of $546,697.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Gregory Q. Brown sold 75,019 shares of the firm’s stock in a transaction that occurred on Tuesday, November 14th. The stock was sold at an average price of $90.91, for a total transaction of $6,819,977.29. Following the sale, the chief executive officer now owns 183,312 shares of the company’s stock, valued at $16,664,893.92. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 359,286 shares of company stock valued at $33,178,275. 2.50% of the stock is currently owned by corporate insiders.
Motorola Solutions (MSI) opened at $92.52 on Friday. The firm has a market cap of $15,033.58, a P/E ratio of 18.05, a P/E/G ratio of 4.13 and a beta of 0.35. The company has a current ratio of 1.30, a quick ratio of 1.16 and a debt-to-equity ratio of -5.41. Motorola Solutions has a 52-week low of $76.92 and a 52-week high of $94.96.
Motorola Solutions (NYSE:MSI) last issued its quarterly earnings data on Thursday, November 2nd. The communications equipment provider reported $1.53 earnings per share for the quarter, beating the consensus estimate of $1.40 by $0.13. The firm had revenue of $1.65 billion for the quarter, compared to analyst estimates of $1.58 billion. Motorola Solutions had a net margin of 10.51% and a negative return on equity of 92.09%. The company’s revenue for the quarter was up 7.4% on a year-over-year basis. During the same quarter last year, the firm earned $1.37 earnings per share. equities analysts expect that Motorola Solutions will post 5.14 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 12th. Investors of record on Friday, December 15th will be given a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a yield of 2.25%. The ex-dividend date of this dividend is Thursday, December 14th. This is a positive change from Motorola Solutions’s previous quarterly dividend of $0.47. Motorola Solutions’s dividend payout ratio (DPR) is presently 48.08%.
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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