Achmea Investment Management B.V. decreased its stake in Motorola Solutions Inc (NYSE:MSI) by 36.1% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 49,404 shares of the communications equipment provider’s stock after selling 27,935 shares during the period. Achmea Investment Management B.V.’s holdings in Motorola Solutions were worth $6,426,000 at the end of the most recent reporting period.
Other institutional investors also recently modified their holdings of the company. CWM LLC boosted its holdings in shares of Motorola Solutions by 446.7% in the 3rd quarter. CWM LLC now owns 831 shares of the communications equipment provider’s stock valued at $108,000 after buying an additional 679 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. boosted its stake in Motorola Solutions by 17,920.0% during the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 901 shares of the communications equipment provider’s stock worth $105,000 after purchasing an additional 896 shares during the period. NuWave Investment Management LLC boosted its stake in Motorola Solutions by 1,537.3% during the 3rd quarter. NuWave Investment Management LLC now owns 966 shares of the communications equipment provider’s stock worth $126,000 after purchasing an additional 907 shares during the period. Fort L.P. acquired a new stake in Motorola Solutions during the 2nd quarter worth $123,000. Finally, Harvest Fund Management Co. Ltd boosted its stake in Motorola Solutions by 109.2% during the 3rd quarter. Harvest Fund Management Co. Ltd now owns 1,067 shares of the communications equipment provider’s stock worth $139,000 after purchasing an additional 557 shares during the period. Institutional investors and hedge funds own 86.55% of the company’s stock.
MSI has been the subject of a number of recent research reports. Jefferies Financial Group increased their price target on shares of Motorola Solutions to $140.00 and gave the stock a “buy” rating in a research note on Monday, July 23rd. Zacks Investment Research upgraded shares of Motorola Solutions from a “hold” rating to a “buy” rating and set a $137.00 price target for the company in a research note on Tuesday, July 24th. JPMorgan Chase & Co. decreased their price target on shares of Motorola Solutions from $130.00 to $126.00 and set a “sell” rating for the company in a research note on Friday, November 2nd. Credit Suisse Group set a $137.00 price target on shares of Motorola Solutions and gave the stock a “buy” rating in a research note on Monday, August 20th. Finally, Citigroup decreased their price target on shares of Motorola Solutions from $146.00 to $145.00 and set a “buy” rating for the company in a research note on Friday, November 2nd. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and ten have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $134.54.
Shares of Motorola Solutions stock opened at $129.65 on Friday. The firm has a market cap of $20.59 billion, a price-to-earnings ratio of 24.93, a PEG ratio of 1.97 and a beta of 0.46. Motorola Solutions Inc has a one year low of $89.18 and a one year high of $131.48.
Motorola Solutions (NYSE:MSI) last announced its quarterly earnings data on Thursday, November 1st. The communications equipment provider reported $1.94 EPS for the quarter, topping the Zacks’ consensus estimate of $1.72 by $0.22. The company had revenue of $1.86 billion during the quarter, compared to the consensus estimate of $1.87 billion. Motorola Solutions had a negative net margin of 0.44% and a negative return on equity of 68.88%. Motorola Solutions’s quarterly revenue was up 13.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.53 EPS. As a group, sell-side analysts expect that Motorola Solutions Inc will post 6.66 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, October 15th. Shareholders of record on Friday, September 14th were given a dividend of $0.52 per share. The ex-dividend date was Thursday, September 13th. This represents a $2.08 dividend on an annualized basis and a yield of 1.60%. Motorola Solutions’s payout ratio is currently 40.00%.
In other Motorola Solutions news, CAO Daniel G. Pekofske sold 3,132 shares of the company’s stock in a transaction on Monday, November 5th. The shares were sold at an average price of $123.12, for a total transaction of $385,611.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Gino A. Bonanotte sold 124,161 shares of the company’s stock in a transaction on Friday, November 2nd. The stock was sold at an average price of $127.50, for a total transaction of $15,830,527.50. Following the transaction, the chief financial officer now owns 59,025 shares of the company’s stock, valued at approximately $7,525,687.50. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 937,924 shares of company stock valued at $118,291,554. 2.20% of the stock is owned by insiders.
Motorola Solutions Profile
Motorola Solutions, Inc, together with its subsidiaries, provides mission-critical communication infrastructure, devices, accessories, software, and services in the United States, the United Kingdom, and internationally. The company operates in two segments, Products and Services. The Products segment offers a portfolio of infrastructure, devices, accessories, and software for government, public safety and first-responder agencies, municipalities, and commercial and industrial customers.
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