Motorola Solutions Target of Unusually High Options Trading (MSI)
Motorola Solutions Inc (NYSE:MSI) saw unusually large options trading on Thursday. Stock investors bought 378 put options on the stock. This is an increase of approximately 541% compared to the average daily volume of 59 put options.
In other news, EVP Bruce W. Brda sold 5,916 shares of the business’s stock in a transaction dated Monday, November 6th. The stock was sold at an average price of $92.41, for a total transaction of $546,697.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Gregory Q. Brown sold 75,019 shares of the business’s stock in a transaction dated Tuesday, November 14th. The stock was sold at an average price of $90.91, for a total value of $6,819,977.29. Following the transaction, the chief executive officer now directly owns 183,312 shares of the company’s stock, valued at approximately $16,664,893.92. The disclosure for this sale can be found here. Insiders have sold 359,286 shares of company stock valued at $33,178,275 in the last three months. 2.50% of the stock is owned by insiders.
Large investors have recently added to or reduced their stakes in the company. Sun Life Financial INC boosted its stake in shares of Motorola Solutions by 14,800.0% during the second quarter. Sun Life Financial INC now owns 1,192 shares of the communications equipment provider’s stock valued at $103,000 after purchasing an additional 1,184 shares during the period. Acrospire Investment Management LLC boosted its stake in shares of Motorola Solutions by 33.3% during the second quarter. Acrospire Investment Management LLC now owns 1,200 shares of the communications equipment provider’s stock valued at $104,000 after purchasing an additional 300 shares during the period. Grove Bank & Trust boosted its stake in shares of Motorola Solutions by 731.0% during the third quarter. Grove Bank & Trust now owns 1,205 shares of the communications equipment provider’s stock valued at $102,000 after purchasing an additional 1,060 shares during the period. Smithfield Trust Co. boosted its stake in shares of Motorola Solutions by 2.7% during the second quarter. Smithfield Trust Co. now owns 2,003 shares of the communications equipment provider’s stock valued at $173,000 after purchasing an additional 53 shares during the period. Finally, Fuller & Thaler Asset Management Inc. purchased a new stake in shares of Motorola Solutions during the third quarter valued at approximately $187,000. 87.86% of the stock is owned by hedge funds and other institutional investors.
MSI has been the subject of several research reports. Zacks Investment Research raised Motorola Solutions from a “hold” rating to a “buy” rating and set a $97.00 target price for the company in a research note on Wednesday, September 6th. Jefferies Group reaffirmed a “buy” rating and issued a $105.00 target price on shares of Motorola Solutions in a research note on Tuesday, August 22nd. Finally, ValuEngine lowered Motorola Solutions from a “buy” rating to a “hold” rating in a research note on Tuesday, August 22nd. Four research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $95.08.
Shares of Motorola Solutions (NYSE:MSI) opened at $92.52 on Friday. The stock has a market capitalization of $15,033.58, a P/E ratio of 18.05, a price-to-earnings-growth ratio of 4.13 and a beta of 0.35. The company has a debt-to-equity ratio of -5.41, a current ratio of 1.30 and a quick ratio of 1.16. Motorola Solutions has a 52 week low of $76.92 and a 52 week high of $94.96.
Motorola Solutions (NYSE:MSI) last issued its earnings results on Thursday, November 2nd. The communications equipment provider reported $1.53 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.40 by $0.13. The business had revenue of $1.65 billion during the quarter, compared to analyst estimates of $1.58 billion. Motorola Solutions had a negative return on equity of 92.09% and a net margin of 10.51%. Motorola Solutions’s revenue for the quarter was up 7.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.37 earnings per share. equities analysts expect that Motorola Solutions will post 5.14 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 12th. Stockholders of record on Friday, December 15th will be paid a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a dividend yield of 2.25%. The ex-dividend date of this dividend is Thursday, December 14th. This is a positive change from Motorola Solutions’s previous quarterly dividend of $0.47. Motorola Solutions’s dividend payout ratio is 48.08%.
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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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