Quantum Capital Management trimmed its stake in shares of Motorola Solutions, Inc. (NYSE:MSI) by 0.0% in the second quarter, according to the company in its most recent filing with the SEC. The firm owned 62,183 shares of the communications equipment provider’s stock after selling 14 shares during the quarter. Quantum Capital Management’s holdings in Motorola Solutions were worth $5,394,000 as of its most recent SEC filing.
Other large investors also recently added to or reduced their stakes in the company. Acrospire Investment Management LLC lifted its position in shares of Motorola Solutions by 33.3% during the 2nd quarter. Acrospire Investment Management LLC now owns 1,200 shares of the communications equipment provider’s stock valued at $104,000 after acquiring an additional 300 shares during the period. Iat Reinsurance Co. LTD. acquired a new position in shares of Motorola Solutions during the 1st quarter worth $123,000. Mckinley Capital Management LLC Delaware acquired a new position in shares of Motorola Solutions during the 1st quarter worth $135,000. Exane Derivatives raised its holdings in shares of Motorola Solutions by 163.6% during the 2nd quarter. Exane Derivatives now owns 1,613 shares of the communications equipment provider’s stock worth $140,000 after buying an additional 1,001 shares in the last quarter. Finally, Smithfield Trust Co. raised its holdings in shares of Motorola Solutions by 2.7% during the 2nd quarter. Smithfield Trust Co. now owns 2,003 shares of the communications equipment provider’s stock worth $173,000 after buying an additional 53 shares in the last quarter. Hedge funds and other institutional investors own 87.68% of the company’s stock.
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Shares of Motorola Solutions, Inc. (NYSE MSI) traded down 0.78% during trading on Thursday, reaching $84.98. The company’s stock had a trading volume of 49,731 shares. The stock’s 50-day moving average is $87.43 and its 200-day moving average is $85.89. Motorola Solutions, Inc. has a 12-month low of $71.24 and a 12-month high of $93.75. The stock has a market cap of $13.82 billion, a P/E ratio of 22.41 and a beta of 0.33.
Motorola Solutions (NYSE:MSI) last released its quarterly earnings results on Thursday, August 3rd. The communications equipment provider reported $1.06 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.99 by $0.07. Motorola Solutions had a negative return on equity of 93.44% and a net margin of 10.38%. The business had revenue of $1.50 billion for the quarter, compared to the consensus estimate of $1.46 billion. During the same quarter last year, the business posted $1.03 earnings per share. The company’s revenue for the quarter was up 4.7% on a year-over-year basis. Equities research analysts anticipate that Motorola Solutions, Inc. will post $5.29 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 13th. Stockholders of record on Friday, September 15th will be issued a $0.47 dividend. The ex-dividend date is Thursday, September 14th. This represents a $1.88 annualized dividend and a dividend yield of 2.19%. Motorola Solutions’s dividend payout ratio is currently 49.60%.
In other news, EVP Eduardo F. Conrado sold 6,998 shares of Motorola Solutions stock in a transaction dated Tuesday, August 8th. The stock was sold at an average price of $89.13, for a total value of $623,731.74. Following the transaction, the executive vice president now owns 22,858 shares in the company, valued at $2,037,333.54. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Bruce W. Brda sold 25,299 shares of Motorola Solutions stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $89.11, for a total value of $2,254,393.89. Following the completion of the transaction, the executive vice president now owns 23,829 shares in the company, valued at approximately $2,123,402.19. The disclosure for this sale can be found here. 2.50% of the stock is currently owned by insiders.
A number of equities analysts have recently commented on MSI shares. Zacks Investment Research raised Motorola Solutions from a “hold” rating to a “buy” rating and set a $102.00 price target for the company in a report on Thursday, July 27th. Northcoast Research raised Motorola Solutions from a “neutral” rating to a “buy” rating and set a $100.00 price target for the company in a report on Tuesday, May 30th. BMO Capital Markets boosted their price target on Motorola Solutions from $95.00 to $102.00 and gave the stock an “outperform” rating in a report on Friday, August 4th. Credit Suisse Group set a $95.00 price target on Motorola Solutions and gave the stock a “buy” rating in a report on Thursday, July 27th. Finally, Jefferies Group LLC reissued a “buy” rating on shares of Motorola Solutions in a report on Thursday, August 31st. Four investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $94.08.
Motorola Solutions Company 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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