Motorola Solutions Inc (MSI) Major Shareholder Motorola Solutions, Inc. Sells 949,779 Shares
Motorola Solutions Inc (NYSE:MSI) major shareholder Motorola Solutions, Inc. sold 949,779 shares of the business’s stock in a transaction on Wednesday, January 10th. The stock was sold at an average price of $15.00, for a total transaction of $14,246,685.00. The transaction was disclosed in a document filed with the SEC, which is available through this link. Large shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.
Motorola Solutions Inc (MSI) traded up $3.02 on Friday, reaching $96.57. 1,874,908 shares of the company traded hands, compared to its average volume of 1,014,779. The firm has a market capitalization of $15,640.00, a PE ratio of 24.70, a PEG ratio of 3.88 and a beta of 0.35. The company has a quick ratio of 1.16, a current ratio of 1.30 and a debt-to-equity ratio of -5.41. Motorola Solutions Inc has a 1 year low of $76.92 and a 1 year high of $97.18.
Motorola Solutions (NYSE:MSI) last posted its quarterly earnings results on Thursday, November 2nd. The communications equipment provider reported $1.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.40 by $0.13. Motorola Solutions had a net margin of 10.51% and a negative return on equity of 92.09%. The firm had revenue of $1.65 billion for the quarter, compared to analysts’ expectations of $1.58 billion. During the same period in the prior year, the company posted $1.37 earnings per share. The firm’s quarterly revenue was up 7.4% on a year-over-year basis. sell-side analysts predict that Motorola Solutions Inc will post 5.13 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, January 12th. Shareholders of record on Friday, December 15th will be paid a dividend of $0.52 per share. This is a positive change from Motorola Solutions’s previous quarterly dividend of $0.47. The ex-dividend date of this dividend is Thursday, December 14th. This represents a $2.08 annualized dividend and a yield of 2.15%. Motorola Solutions’s payout ratio is presently 53.20%.
A number of hedge funds have recently added to or reduced their stakes in MSI. Voya Investment Management LLC increased its stake in Motorola Solutions by 249.4% during the second quarter. Voya Investment Management LLC now owns 1,338,597 shares of the communications equipment provider’s stock valued at $116,110,000 after purchasing an additional 955,463 shares during the last quarter. Westwood Holdings Group Inc. bought a new stake in Motorola Solutions during the second quarter valued at $70,570,000. APG Asset Management N.V. increased its stake in Motorola Solutions by 75.1% during the third quarter. APG Asset Management N.V. now owns 1,641,459 shares of the communications equipment provider’s stock valued at $139,311,000 after purchasing an additional 704,000 shares during the last quarter. Lazard Asset Management LLC increased its stake in Motorola Solutions by 6.7% during the second quarter. Lazard Asset Management LLC now owns 9,589,218 shares of the communications equipment provider’s stock valued at $831,768,000 after purchasing an additional 600,229 shares during the last quarter. Finally, Koch Industries Inc. bought a new stake in Motorola Solutions during the second quarter valued at $584,000. Hedge funds and other institutional investors own 87.78% of the company’s stock.
A number of research firms have recently commented on MSI. Deutsche Bank raised shares of Motorola Solutions from a “hold” rating to a “buy” rating and set a $78.00 target price on the stock in a research report on Friday. Zacks Investment Research raised shares of Motorola Solutions from a “hold” rating to a “buy” rating and set a $96.00 price target on the stock in a report on Wednesday, September 20th. ValuEngine cut shares of Motorola Solutions from a “buy” rating to a “hold” rating in a report on Wednesday, November 15th. Jefferies Group reaffirmed a “buy” rating and issued a $105.00 price target on shares of Motorola Solutions in a report on Friday, October 6th. Finally, Cleveland Research raised shares of Motorola Solutions from a “neutral” rating to a “buy” rating in a report on Friday, October 6th. Four research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $95.08.
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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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