Swiss National Bank Has $68.68 Million Position in Motorola Solutions, Inc. (MSI)
Swiss National Bank boosted its position in shares of Motorola Solutions, Inc. (NYSE:MSI) by 0.3% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 809,178 shares of the communications equipment provider’s stock after purchasing an additional 2,600 shares during the period. Swiss National Bank owned about 497,496.46% of Motorola Solutions worth $68,675,000 as of its most recent SEC filing.
A number of other large investors have also recently modified their holdings of the stock. Daiwa Securities Group Inc. grew its holdings in Motorola Solutions by 16.3% during the 3rd quarter. Daiwa Securities Group Inc. now owns 123,033 shares of the communications equipment provider’s stock valued at $10,442,000 after purchasing an additional 17,209 shares during the last quarter. Parnassus Investments CA grew its holdings in Motorola Solutions by 0.7% during the 3rd quarter. Parnassus Investments CA now owns 5,649,582 shares of the communications equipment provider’s stock valued at $479,480,000 after purchasing an additional 41,541 shares during the last quarter. State of Wisconsin Investment Board grew its holdings in Motorola Solutions by 135.8% during the 3rd quarter. State of Wisconsin Investment Board now owns 63,201 shares of the communications equipment provider’s stock valued at $5,364,000 after purchasing an additional 36,400 shares during the last quarter. Stevens Capital Management LP bought a new position in Motorola Solutions during the 3rd quarter valued at about $4,131,000. Finally, Kornitzer Capital Management Inc. KS grew its holdings in Motorola Solutions by 2.9% during the 3rd quarter. Kornitzer Capital Management Inc. KS now owns 211,675 shares of the communications equipment provider’s stock valued at $17,965,000 after purchasing an additional 5,895 shares during the last quarter. Institutional investors own 88.04% of the company’s stock.
In other news, EVP Bruce W. Brda sold 5,916 shares of the stock in a transaction that occurred on Monday, November 6th. The shares were sold at an average price of $92.41, for a total transaction of $546,697.56. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 2.50% of the stock is currently owned by company insiders.
Motorola Solutions, Inc. (MSI) opened at $91.07 on Monday. The company has a debt-to-equity ratio of -5.41, a quick ratio of 1.16 and a current ratio of 1.30. Motorola Solutions, Inc. has a one year low of $76.92 and a one year high of $94.94. The stock has a market cap of $14,753.32, a P/E ratio of 17.72, a PEG ratio of 4.06 and a beta of 0.33.
Motorola Solutions (NYSE:MSI) last released its quarterly earnings data on Thursday, November 2nd. The communications equipment provider reported $1.53 earnings per share (EPS) for the quarter, beating the Zacks’ 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 the consensus estimate of $1.58 billion. During the same period last year, the firm earned $1.37 earnings per share. The company’s quarterly revenue was up 7.4% on a year-over-year basis. analysts predict that Motorola Solutions, Inc. will post 5.14 EPS for the current year.
The firm 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. The ex-dividend date of this dividend is Thursday, December 14th. This is an increase from Motorola Solutions’s previous quarterly dividend of $0.47. This represents a $2.08 dividend on an annualized basis and a dividend yield of 2.28%. Motorola Solutions’s dividend payout ratio (DPR) is currently 48.08%.
Several equities analysts recently commented on the stock. Zacks Investment Research upgraded shares of Motorola Solutions from a “hold” rating to a “buy” rating and set a $97.00 price target on the stock in a report on Wednesday, September 6th. Jefferies Group LLC reiterated a “buy” rating and set a $105.00 price target on shares of Motorola Solutions in a report on Tuesday, August 22nd. Deutsche Bank AG upped their price target on shares of Motorola Solutions from $73.00 to $78.00 and gave the company a “hold” rating in a report on Monday, August 7th. Cowen and Company reiterated a “market perform” rating and set a $83.00 price target (up from $75.00) on shares of Motorola Solutions in a report on Wednesday, August 9th. Finally, ValuEngine downgraded shares of Motorola Solutions from a “buy” rating to a “hold” rating in a report on Tuesday, August 22nd. Four investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $95.08.
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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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