Numerai GP LLC Sells 3,153 Shares of Motorola Solutions, Inc. $MSI

Numerai GP LLC cut its holdings in Motorola Solutions, Inc. (NYSE:MSI) by 37.2% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 5,333 shares of the communications equipment provider’s stock after selling 3,153 shares during the period. Numerai GP LLC’s holdings in Motorola Solutions were worth $2,439,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in MSI. Orion Capital Management LLC bought a new position in Motorola Solutions in the third quarter valued at $25,000. United Community Bank boosted its stake in shares of Motorola Solutions by 81.3% during the 3rd quarter. United Community Bank now owns 58 shares of the communications equipment provider’s stock worth $27,000 after buying an additional 26 shares during the last quarter. JPL Wealth Management LLC bought a new position in shares of Motorola Solutions in the 3rd quarter valued at about $31,000. Halbert Hargrove Global Advisors LLC acquired a new stake in shares of Motorola Solutions in the third quarter valued at about $33,000. Finally, Field & Main Bank bought a new stake in Motorola Solutions during the third quarter worth about $35,000. Institutional investors and hedge funds own 84.17% of the company’s stock.

Insider Activity at Motorola Solutions

In other Motorola Solutions news, CEO Gregory Q. Brown sold 50,000 shares of the stock in a transaction dated Tuesday, February 24th. The shares were sold at an average price of $468.09, for a total value of $23,404,500.00. Following the transaction, the chief executive officer directly owned 47,167 shares of the company’s stock, valued at $22,078,401.03. This represents a 51.46% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Kenneth D. Denman sold 434 shares of the firm’s stock in a transaction that occurred on Thursday, February 26th. The stock was sold at an average price of $470.12, for a total transaction of $204,032.08. Following the sale, the director owned 7,153 shares of the company’s stock, valued at $3,362,768.36. This trade represents a 5.72% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 129,069 shares of company stock worth $60,779,964. Insiders own 1.44% of the company’s stock.

Motorola Solutions Stock Down 0.5%

MSI opened at $470.98 on Tuesday. The stock’s fifty day simple moving average is $430.98 and its 200 day simple moving average is $422.78. Motorola Solutions, Inc. has a 1-year low of $359.36 and a 1-year high of $492.22. The stock has a market cap of $78.02 billion, a PE ratio of 36.91, a price-to-earnings-growth ratio of 3.31 and a beta of 0.96. The company has a current ratio of 1.04, a quick ratio of 0.87 and a debt-to-equity ratio of 3.47.

Motorola Solutions (NYSE:MSI) last released its quarterly earnings data on Wednesday, February 11th. The communications equipment provider reported $4.59 EPS for the quarter, topping analysts’ consensus estimates of $4.35 by $0.24. Motorola Solutions had a net margin of 18.44% and a return on equity of 110.75%. The firm had revenue of $3.38 billion during the quarter, compared to analysts’ expectations of $3.34 billion. During the same period in the previous year, the business posted $4.04 earnings per share. The company’s revenue for the quarter was up 12.3% compared to the same quarter last year. As a group, research analysts expect that Motorola Solutions, Inc. will post 13.55 earnings per share for the current year.

Motorola Solutions Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Friday, March 20th will be paid a $1.21 dividend. The ex-dividend date is Friday, March 20th. This represents a $4.84 dividend on an annualized basis and a yield of 1.0%. Motorola Solutions’s dividend payout ratio is 37.93%.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on MSI. Barclays raised their price target on Motorola Solutions from $495.00 to $506.00 and gave the company an “overweight” rating in a research note on Thursday, February 12th. Northcoast Research raised Motorola Solutions from a “neutral” rating to a “buy” rating and set a $450.00 price objective for the company in a report on Monday, December 1st. Morgan Stanley restated an “overweight” rating and set a $470.00 target price on shares of Motorola Solutions in a report on Thursday, February 12th. Weiss Ratings upgraded shares of Motorola Solutions from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, March 2nd. Finally, Argus raised shares of Motorola Solutions to a “strong-buy” rating in a research report on Friday, February 13th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of $497.14.

About Motorola Solutions

Motorola Solutions, Inc is a provider of mission-critical communications and analytics solutions for public safety and commercial customers. The company designs, manufactures and supports a range of communications equipment and software aimed at enabling first responders, government agencies and enterprises to coordinate and operate reliably in high-pressure environments. Its offerings emphasize secure, resilient connectivity and situational awareness for organizations that require dependable voice, data and video communications.

Product lines include land mobile radio (LMR) systems and handheld and vehicle-mounted radios used by police, fire and emergency medical services; broadband push-to-talk and LTE-based solutions; command-and-control center software for incident management and records; and video security and analytics systems.