Renaissance Technologies LLC Boosts Holdings in Motorola Solutions Inc (MSI)
Renaissance Technologies LLC raised its position in shares of Motorola Solutions Inc (NYSE:MSI) by 70.1% during the 4th quarter, HoldingsChannel reports. The fund owned 811,415 shares of the communications equipment provider’s stock after acquiring an additional 334,300 shares during the period. Renaissance Technologies LLC’s holdings in Motorola Solutions were worth $73,303,000 as of its most recent SEC filing.
A number of other institutional investors have also recently bought and sold shares of the business. MML Investors Services LLC boosted its position in Motorola Solutions by 42.0% during the 4th quarter. MML Investors Services LLC now owns 5,647 shares of the communications equipment provider’s stock valued at $510,000 after acquiring an additional 1,671 shares in the last quarter. Amundi Pioneer Asset Management Inc. bought a new stake in Motorola Solutions during the 4th quarter valued at approximately $63,196,000. Alliancebernstein L.P. boosted its position in Motorola Solutions by 12.0% during the 4th quarter. Alliancebernstein L.P. now owns 425,031 shares of the communications equipment provider’s stock valued at $38,397,000 after acquiring an additional 45,617 shares in the last quarter. Lombard Odier Asset Management Europe Ltd bought a new stake in shares of Motorola Solutions in the 4th quarter worth approximately $206,000. Finally, Landscape Capital Management L.L.C. bought a new stake in shares of Motorola Solutions in the 4th quarter worth approximately $1,113,000. 87.93% of the stock is currently owned by institutional investors and hedge funds.
A number of analysts have recently commented on the company. ValuEngine raised Motorola Solutions from a “hold” rating to a “buy” rating in a research report on Thursday, March 1st. Jefferies Group reissued a “buy” rating on shares of Motorola Solutions in a research report on Thursday, March 1st. MKM Partners boosted their price target on Motorola Solutions to $116.00 and gave the stock a “neutral” rating in a research report on Monday, February 5th. Citigroup boosted their price target 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, Zacks Investment Research raised Motorola Solutions from a “hold” rating to a “buy” rating and set a $108.00 price target on the stock in a research report on Wednesday, January 17th. Three research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $112.09.
Motorola Solutions (NYSE:MSI) last released its quarterly earnings data on Thursday, February 1st. The communications equipment provider reported $2.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.04 by $0.06. The business had revenue of $1.96 billion for the quarter, compared to analysts’ expectations of $1.94 billion. Motorola Solutions had a negative return on equity of 75.81% and a negative net margin of 2.43%. The firm’s quarterly revenue was up 3.9% on a year-over-year basis. During the same period in the prior year, the firm posted $2.03 EPS. equities analysts anticipate that Motorola Solutions Inc will post 6.3 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 13th. Investors of record on Thursday, March 15th will be given a $0.52 dividend. The ex-dividend date is Wednesday, March 14th. This represents a $2.08 annualized dividend and a yield of 1.91%. Motorola Solutions’s dividend payout ratio (DPR) is presently -192.59%.
In other Motorola Solutions news, major shareholder Motorola Solutions, Inc. sold 949,779 shares of the business’s stock in a transaction on Wednesday, January 10th. The shares were sold at an average price of $15.00, for a total transaction of $14,246,685.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Mark S. Hacker sold 19,700 shares of the business’s stock in a transaction on Tuesday, January 9th. The shares were sold at an average price of $93.00, for a total transaction of $1,832,100.00. Following the sale, the executive vice president now owns 28,685 shares of the company’s stock, valued at $2,667,705. The disclosure for this sale can be found here. Insiders sold a total of 1,022,467 shares of company stock worth $21,563,857 over the last ninety days. 2.50% of the stock is currently owned by insiders.
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Motorola Solutions 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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