Pacer Advisors Inc. lowered its position in Motorola Solutions, Inc. (NYSE:MSI – Get Rating) by 36.9% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 9,855 shares of the communications equipment provider’s stock after selling 5,754 shares during the quarter. Pacer Advisors Inc.’s holdings in Motorola Solutions were worth $2,387,000 at the end of the most recent reporting period.
Other hedge funds have also recently made changes to their positions in the company. Retirement Planning Co of New England Inc. acquired a new stake in shares of Motorola Solutions during the 4th quarter worth about $218,000. Allen Investment Management LLC acquired a new stake in shares of Motorola Solutions during the 4th quarter worth about $1,016,000. First Republic Investment Management Inc. lifted its stake in shares of Motorola Solutions by 2.5% during the 4th quarter. First Republic Investment Management Inc. now owns 18,022 shares of the communications equipment provider’s stock worth $4,897,000 after buying an additional 441 shares during the last quarter. LPL Financial LLC lifted its stake in shares of Motorola Solutions by 13.2% during the 4th quarter. LPL Financial LLC now owns 122,303 shares of the communications equipment provider’s stock worth $33,230,000 after buying an additional 14,291 shares during the last quarter. Finally, Annex Advisory Services LLC lifted its stake in shares of Motorola Solutions by 17.5% during the 4th quarter. Annex Advisory Services LLC now owns 1,184 shares of the communications equipment provider’s stock worth $322,000 after buying an additional 176 shares during the last quarter. Hedge funds and other institutional investors own 85.65% of the company’s stock.
A number of analysts have recently issued reports on the stock. Credit Suisse Group raised their target price on shares of Motorola Solutions from $290.00 to $295.00 and gave the stock an “outperform” rating in a research note on Wednesday. StockNews.com cut shares of Motorola Solutions from a “buy” rating to a “hold” rating in a research note on Friday, May 13th. Morgan Stanley upgraded shares of Motorola Solutions from an “equal weight” rating to an “overweight” rating and set a $240.00 price objective for the company in a research note on Monday, May 23rd. Finally, Loop Capital assumed coverage on shares of Motorola Solutions in a research note on Monday, April 25th. They issued a “buy” rating and a $295.00 price objective for the company. Two analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $276.60.
Motorola Solutions (NYSE:MSI – Get Rating) last posted its earnings results on Thursday, May 12th. The communications equipment provider reported $1.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.39 by $0.14. Motorola Solutions had a net margin of 15.30% and a negative return on equity of 633.02%. The firm had revenue of $1.89 billion during the quarter, compared to analyst estimates of $1.83 billion. During the same quarter in the prior year, the business posted $1.74 EPS. The business’s revenue was up 6.7% compared to the same quarter last year. Equities analysts forecast that Motorola Solutions, Inc. will post 8.99 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, July 15th. Stockholders of record on Wednesday, June 15th will be paid a $0.79 dividend. The ex-dividend date of this dividend is Tuesday, June 14th. This represents a $3.16 annualized dividend and a dividend yield of 1.50%. Motorola Solutions’s payout ratio is 43.35%.
In related news, CEO Gregory Q. Brown sold 25,000 shares of the stock in a transaction dated Tuesday, June 7th. The shares were sold at an average price of $219.75, for a total transaction of $5,493,750.00. Following the completion of the transaction, the chief executive officer now owns 35,348 shares in the company, valued at $7,767,723. The transaction was disclosed in a document filed with the SEC, which is available through this link. 1.85% of the stock is currently owned by corporate insiders.
Motorola Solutions Company Profile (Get Rating)
Motorola Solutions, Inc provides mission critical communications and analytics in the United States, the United Kingdom, Canada, and internationally. The company operates in two segments, Products and Systems Integration, and Software and Services. The Products and Systems Integration segment offers a portfolio of infrastructure, devices, accessories, and video security devices and infrastructure, as well as the implementation, and integration of systems, devices, software, and applications for government, public safety, and commercial customers who operate private communications networks and video security solutions, as well as manage a mobile workforce.
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