Meadow Creek Investment Management LLC lowered its position in Motorola Solutions Inc (NYSE:MSI) by 10.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 146,574 shares of the communications equipment provider’s stock after selling 17,952 shares during the period. Meadow Creek Investment Management LLC owned approximately 0.09% of Motorola Solutions worth $13,241,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds and other institutional investors have also recently modified their holdings of MSI. State of Wisconsin Investment Board boosted its position in Motorola Solutions by 135.8% in the 3rd quarter. State of Wisconsin Investment Board now owns 63,201 shares of the communications equipment provider’s stock worth $5,364,000 after purchasing an additional 36,400 shares in the last quarter. Global X MANAGEMENT CO LLC boosted its position in Motorola Solutions by 10.7% in the 3rd 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 in the last quarter. FDx Advisors Inc. purchased a new stake in Motorola Solutions in the 3rd quarter worth approximately $230,000. Sei Investments Co. boosted its position in Motorola Solutions by 12.5% in the 3rd 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 in the last quarter. Finally, Meag Munich Ergo Kapitalanlagegesellschaft MBH purchased a new stake in Motorola Solutions in the 3rd quarter worth approximately $2,739,000. Hedge funds and other institutional investors own 87.93% of the company’s stock.
In related news, EVP Mark S. Hacker sold 7,411 shares of the stock in a transaction on Friday, January 12th. The stock was sold at an average price of $95.00, for a total value of $704,045.00. Following the completion of the transaction, the executive vice president now directly owns 16,396 shares of the company’s stock, valued at approximately $1,557,620. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, major shareholder Motorola Solutions, Inc. sold 949,779 shares of the stock in a transaction on Wednesday, January 10th. The shares were sold at an average price of $15.00, for a total value of $14,246,685.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,209,467 shares of company stock valued at $41,888,887. Corporate insiders own 2.50% of the company’s stock.
Motorola Solutions (NYSE:MSI) last announced its earnings results on Thursday, February 1st. The communications equipment provider reported $2.10 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.04 by $0.06. The business had revenue of $1.96 billion during 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 business’s quarterly revenue was up 3.9% on a year-over-year basis. During the same period in the prior year, the company posted $2.03 EPS. research analysts anticipate that Motorola Solutions Inc will post 6.3 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, April 13th. Stockholders of record on Thursday, March 15th will be paid a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a dividend yield of 1.90%. The ex-dividend date is Wednesday, March 14th. Motorola Solutions’s payout ratio is 50.73%.
Several equities research analysts have commented on MSI shares. ValuEngine lowered Motorola Solutions from a “buy” rating to a “hold” rating in a research report on Wednesday, November 15th. Zacks Investment Research lowered Motorola Solutions from a “buy” rating to a “hold” rating in a research report on Monday, January 8th. Deutsche Bank upgraded Motorola Solutions from a “hold” rating to a “buy” rating and set a $78.00 price objective on the stock in a research report on Friday, January 12th. Citigroup upped their price objective on Motorola Solutions from $104.00 to $112.00 and gave the stock a “buy” rating in a research report on Wednesday, January 24th. Finally, BMO Capital Markets upped their price objective on Motorola Solutions from $102.00 to $116.00 and gave the stock an “outperform” rating in a research report on Friday, February 2nd. Three research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $112.09.
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Motorola Solutions Company 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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