Renaissance Technologies LLC boosted its holdings in shares of Motorola Solutions Inc (NYSE:MSI) by 70.1% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 811,415 shares of the communications equipment provider’s stock after buying an additional 334,300 shares during the period. Renaissance Technologies LLC owned approximately 0.50% of Motorola Solutions worth $73,303,000 as of its most recent SEC filing.
A number of other large investors have also bought and sold shares of MSI. State of Wisconsin Investment Board boosted its stake in Motorola Solutions by 135.8% during the third quarter. State of Wisconsin Investment Board now owns 63,201 shares of the communications equipment provider’s stock valued at $5,364,000 after buying an additional 36,400 shares during the period. Swiss National Bank lifted its stake in Motorola Solutions by 0.3% during the third quarter. Swiss National Bank now owns 809,178 shares of the communications equipment provider’s stock worth $68,675,000 after purchasing an additional 2,600 shares during the last quarter. Global X MANAGEMENT CO LLC lifted its stake in Motorola Solutions by 10.7% during the third quarter. Global X MANAGEMENT CO LLC now owns 9,209 shares of the communications equipment provider’s stock worth $782,000 after purchasing an additional 892 shares during the last quarter. FDx Advisors Inc. bought a new stake in Motorola Solutions during the third quarter worth about $230,000. Finally, Sei Investments Co. lifted its stake in Motorola Solutions by 12.5% during the third quarter. Sei Investments Co. now owns 170,206 shares of the communications equipment provider’s stock worth $14,446,000 after purchasing an additional 18,946 shares during the last quarter. 87.93% of the stock is owned by institutional investors.
In related news, major shareholder Motorola Solutions, Inc. sold 949,779 shares of the business’s stock in a transaction dated Wednesday, January 10th. The stock was sold at an average price of $15.00, for a total transaction of $14,246,685.00. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Mark S. Hacker sold 19,700 shares of the business’s stock in a transaction dated Tuesday, January 9th. The shares were sold at an average price of $93.00, for a total value of $1,832,100.00. Following the transaction, the executive vice president now owns 28,685 shares in the company, valued at approximately $2,667,705. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,022,467 shares of company stock worth $21,563,857. Company insiders own 2.50% of the company’s stock.
Motorola Solutions Inc (MSI) opened at $109.09 on Monday. The company has a market capitalization of $17,597.04, a PE ratio of -101.01, a PEG ratio of 2.16 and a beta of 0.32. The company has a quick ratio of 1.24, a current ratio of 1.35 and a debt-to-equity ratio of -2.56. Motorola Solutions Inc has a twelve month low of $79.63 and a twelve month high of $109.49.
Motorola Solutions (NYSE:MSI) last released its quarterly earnings data on Thursday, February 1st. The communications equipment provider reported $2.10 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.04 by $0.06. The firm had revenue of $1.96 billion for the quarter, compared to the consensus estimate of $1.94 billion. Motorola Solutions had a negative return on equity of 75.81% and a negative net margin of 2.43%. The company’s quarterly revenue was up 3.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.03 earnings per share. research analysts expect that Motorola Solutions Inc will post 6.3 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 13th. Stockholders of record on Thursday, March 15th will be issued a $0.52 dividend. The ex-dividend date is Wednesday, March 14th. This represents a $2.08 annualized dividend and a dividend yield of 1.91%. Motorola Solutions’s dividend payout ratio is currently -192.59%.
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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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