Quadrature Capital Ltd cut its stake in shares of Motorola Solutions Inc (NYSE:MSI) by 44.7% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 8,706 shares of the communications equipment provider’s stock after selling 7,024 shares during the period. Quadrature Capital Ltd’s holdings in Motorola Solutions were worth $1,220,000 as of its most recent filing with the SEC.
Other hedge funds also recently bought and sold shares of the company. Squarepoint Ops LLC acquired a new position in shares of Motorola Solutions during the 1st quarter worth approximately $3,323,000. Vident Investment Advisory LLC increased its holdings in shares of Motorola Solutions by 44.5% during the 1st quarter. Vident Investment Advisory LLC now owns 3,077 shares of the communications equipment provider’s stock worth $409,000 after acquiring an additional 948 shares during the last quarter. Thrivent Financial for Lutherans increased its holdings in shares of Motorola Solutions by 11.7% during the 1st quarter. Thrivent Financial for Lutherans now owns 38,839 shares of the communications equipment provider’s stock worth $5,163,000 after acquiring an additional 4,069 shares during the last quarter. Two Sigma Advisers LP increased its holdings in shares of Motorola Solutions by 1,080.8% during the 1st quarter. Two Sigma Advisers LP now owns 153,500 shares of the communications equipment provider’s stock worth $20,403,000 after acquiring an additional 140,500 shares during the last quarter. Finally, DNB Asset Management AS boosted its stake in Motorola Solutions by 2.1% in the 2nd quarter. DNB Asset Management AS now owns 72,490 shares of the communications equipment provider’s stock valued at $10,158,000 after purchasing an additional 1,500 shares during the period. Hedge funds and other institutional investors own 85.55% of the company’s stock.
Shares of Motorola Solutions stock traded down $0.48 during trading on Friday, reaching $153.04. 1,361,567 shares of the company’s stock were exchanged, compared to its average volume of 1,125,420. Motorola Solutions Inc has a 1-year low of $120.77 and a 1-year high of $187.49. The company has a market cap of $25.98 billion, a P/E ratio of 20.96, a PEG ratio of 2.47 and a beta of 0.73. The firm’s 50-day moving average price is $145.15 and its 200 day moving average price is $146.36.
Motorola Solutions (NYSE:MSI) last posted its quarterly earnings results on Thursday, August 6th. The communications equipment provider reported $1.39 EPS for the quarter, topping analysts’ consensus estimates of $0.99 by $0.40. Motorola Solutions had a negative return on equity of 145.69% and a net margin of 11.03%. The company had revenue of $1.62 billion during the quarter, compared to analysts’ expectations of $1.57 billion. During the same quarter in the previous year, the firm earned $1.69 EPS. Motorola Solutions’s revenue was down 13.0% on a year-over-year basis. As a group, sell-side analysts anticipate that Motorola Solutions Inc will post 6.88 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Tuesday, September 15th will be issued a $0.64 dividend. The ex-dividend date is Monday, September 14th. This represents a $2.56 dividend on an annualized basis and a yield of 1.67%. Motorola Solutions’s payout ratio is presently 34.41%.
In related news, SVP Cynthia Yazdi sold 1,821 shares of the business’s stock in a transaction on Friday, August 28th. The shares were sold at an average price of $152.93, for a total transaction of $278,485.53. Also, EVP John P. Molloy sold 3,930 shares of the business’s stock in a transaction on Thursday, July 23rd. The shares were sold at an average price of $145.00, for a total transaction of $569,850.00. The disclosure for this sale can be found here. Insiders sold a total of 12,551 shares of company stock worth $1,902,336 in the last 90 days. Corporate insiders own 2.30% of the company’s stock.
Several research firms recently issued reports on MSI. Argus restated a “hold” rating on shares of Motorola Solutions in a research note on Tuesday, August 11th. Jefferies Financial Group boosted their price target on Motorola Solutions from $155.00 to $160.00 and gave the company a “buy” rating in a research note on Friday, June 12th. TD Securities downgraded Motorola Solutions to a “hold” rating and reduced their price target for the company from $38.00 to $36.00 in a research note on Monday, May 11th. Zacks Investment Research upgraded Motorola Solutions from a “sell” rating to a “hold” rating and set a $150.00 price target for the company in a research note on Wednesday, August 12th. Finally, Barclays boosted their price target on Motorola Solutions from $157.00 to $178.00 and gave the company an “overweight” rating in a research note on Monday, June 8th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and eleven have assigned a buy rating to the company’s stock. Motorola Solutions currently has a consensus rating of “Buy” and an average price target of $142.29.
Motorola Solutions Profile
Motorola Solutions, Inc provides mission-critical communication solutions the United States, the United Kingdom, Canada, and internationally. The company operates in two segments, Products and Systems Integration, and Services and Software. The Products and Systems Integration segment offers a portfolio of infrastructure, devices, accessories, and video solutions, as well as the implementation, optimization, and integration of networks, devices, software, and applications for government, public safety and first-responder agencies, municipalities, and commercial and industrial customers.
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