CAPROCK Group Inc. lessened its holdings in shares of Motorola Solutions Inc (NYSE:MSI) by 35.5% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 1,606 shares of the communications equipment provider’s stock after selling 885 shares during the period. CAPROCK Group Inc.’s holdings in Motorola Solutions were worth $210,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also bought and sold shares of the company. BlackRock Inc. raised its holdings in Motorola Solutions by 13.1% in the 2nd quarter. BlackRock Inc. now owns 17,760,318 shares of the communications equipment provider’s stock valued at $2,066,771,000 after acquiring an additional 2,060,565 shares in the last quarter. Voya Investment Management LLC grew its stake in shares of Motorola Solutions by 171.3% in the 2nd quarter. Voya Investment Management LLC now owns 2,509,657 shares of the communications equipment provider’s stock valued at $292,049,000 after purchasing an additional 1,584,672 shares during the period. Unigestion Holding SA bought a new stake in Motorola Solutions during the 2nd quarter worth approximately $81,578,000. OppenheimerFunds Inc. grew its position in Motorola Solutions by 16.4% during the 2nd quarter. OppenheimerFunds Inc. now owns 4,231,955 shares of the communications equipment provider’s stock worth $492,472,000 after acquiring an additional 596,941 shares during the last quarter. Finally, Wells Fargo & Company MN grew its position in Motorola Solutions by 32.6% during the 2nd quarter. Wells Fargo & Company MN now owns 2,365,975 shares of the communications equipment provider’s stock worth $275,329,000 after acquiring an additional 581,645 shares during the last quarter. 86.55% of the stock is owned by institutional investors and hedge funds.
In other news, CAO Daniel G. Pekofske sold 3,132 shares of the firm’s stock in a transaction dated Monday, November 5th. The stock was sold at an average price of $123.12, for a total value of $385,611.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Cynthia Yazdi sold 735 shares of the firm’s stock in a transaction dated Tuesday, November 6th. The shares were sold at an average price of $124.70, for a total value of $91,654.50. The disclosure for this sale can be found here. Insiders sold a total of 937,924 shares of company stock valued at $118,291,554 in the last 90 days. 2.20% of the stock is owned by corporate insiders.
Motorola Solutions (NYSE:MSI) last released its earnings results on Thursday, November 1st. The communications equipment provider reported $1.94 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.72 by $0.22. The firm had revenue of $1.86 billion during the quarter, compared to analysts’ expectations of $1.87 billion. Motorola Solutions had a negative return on equity of 68.88% and a negative net margin of 0.44%. The company’s revenue was up 13.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.53 EPS. Equities research analysts predict that Motorola Solutions Inc will post 6.66 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Monday, October 15th. Shareholders of record on Friday, September 14th were issued a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a yield of 1.60%. The ex-dividend date of this dividend was Thursday, September 13th. Motorola Solutions’s dividend payout ratio (DPR) is presently 40.00%.
A number of equities research analysts recently commented on MSI shares. Zacks Investment Research upgraded Motorola Solutions from a “hold” rating to a “buy” rating and set a $137.00 price target on the stock in a research report on Tuesday, July 24th. Jefferies Financial Group increased their price objective on Motorola Solutions to $140.00 and gave the company a “buy” rating in a research report on Monday, July 23rd. Credit Suisse Group set a $129.00 price objective on Motorola Solutions and gave the company a “buy” rating in a research report on Tuesday, July 17th. Argus increased their price objective on Motorola Solutions to $140.00 and gave the company a “buy” rating in a research report on Tuesday, August 7th. Finally, Northcoast Research set a $128.00 price objective on Motorola Solutions and gave the company a “buy” rating in a research report on Monday, August 6th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and ten have given a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $134.54.
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Motorola Solutions Profile
Motorola Solutions, Inc, together with its subsidiaries, provides mission-critical communication infrastructure, devices, accessories, software, and services in the United States, the United Kingdom, and internationally. The company operates in two segments, Products and Services. The Products segment offers a portfolio of infrastructure, devices, accessories, and software for government, public safety and first-responder agencies, municipalities, and commercial and industrial customers.
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