BlueCrest Capital Management Ltd acquired a new position in shares of Motorola Solutions Inc (NYSE:MSI) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 11,270 shares of the communications equipment provider’s stock, valued at approximately $1,018,000.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Grove Bank & Trust raised its holdings in Motorola Solutions by 731.0% during the 3rd quarter. Grove Bank & Trust now owns 1,205 shares of the communications equipment provider’s stock worth $102,000 after buying an additional 1,060 shares during the period. NuWave Investment Management LLC acquired a new stake in Motorola Solutions during the 4th quarter worth about $168,000. Tower Research Capital LLC TRC acquired a new stake in Motorola Solutions during the 4th quarter worth about $188,000. Meeder Asset Management Inc. raised its holdings in Motorola Solutions by 67.4% during the 4th quarter. Meeder Asset Management Inc. now owns 2,171 shares of the communications equipment provider’s stock worth $196,000 after buying an additional 874 shares during the period. Finally, Fuller & Thaler Asset Management Inc. acquired a new stake in Motorola Solutions during the 3rd quarter worth about $187,000. Hedge funds and other institutional investors own 87.93% of the company’s stock.
In related news, EVP Mark S. Hacker sold 19,700 shares of the business’s stock in a transaction that occurred on Tuesday, January 9th. The stock was sold at an average price of $93.00, for a total value of $1,832,100.00. Following the completion of the sale, the executive vice president now directly owns 28,685 shares in the company, valued at approximately $2,667,705. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Chairman Gregory Q. Brown sold 187,000 shares of the business’s stock in a transaction that occurred on Friday, March 9th. The stock was sold at an average price of $108.69, for a total value of $20,325,030.00. The disclosure for this sale can be found here. In the last three months, insiders sold 1,209,467 shares of company stock valued at $41,888,887. 2.50% of the stock is currently owned by company insiders.
Motorola Solutions (NYSE:MSI) last announced its quarterly earnings results on Thursday, February 1st. The communications equipment provider reported $2.10 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.04 by $0.06. The business had revenue of $1.96 billion during the quarter, compared to analysts’ expectations of $1.94 billion. Motorola Solutions had a negative return on equity of 75.81% and a negative net margin of 2.43%. The firm’s quarterly revenue was up 3.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.03 EPS. research analysts expect that Motorola Solutions Inc will post 6.3 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, April 13th. Investors of record on Thursday, March 15th will be paid a $0.52 dividend. The ex-dividend date is Wednesday, March 14th. This represents a $2.08 annualized dividend and a dividend yield of 1.90%. Motorola Solutions’s payout ratio is 50.73%.
Several research firms have issued reports on MSI. Citigroup boosted their price objective on Motorola Solutions from $120.00 to $130.00 and gave the stock a “buy” rating in a report on Friday, March 9th. ValuEngine upgraded Motorola Solutions from a “hold” rating to a “buy” rating in a report on Thursday, March 1st. Jefferies Group reaffirmed a “buy” rating on shares of Motorola Solutions in a research note on Thursday, March 1st. Deutsche Bank lifted their target price on Motorola Solutions from $120.00 to $125.00 and gave the company a “buy” rating in a research note on Thursday, March 1st. Finally, Northcoast Research set a $115.00 target price on Motorola Solutions and gave the company a “buy” rating in a research note on Wednesday, February 21st. Three investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. Motorola Solutions currently has an average rating of “Buy” and an average target price of $112.09.
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Motorola Solutions Profile
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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