Motorola Solutions Inc (MSI) Stake Decreased by Scharf Investments LLC
Scharf Investments LLC decreased its holdings in Motorola Solutions Inc (NYSE:MSI) by 2.7% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,176,873 shares of the communications equipment provider’s stock after selling 32,187 shares during the quarter. Motorola Solutions comprises about 2.4% of Scharf Investments LLC’s portfolio, making the stock its 22nd biggest position. Scharf Investments LLC owned approximately 0.73% of Motorola Solutions worth $99,881,000 at the end of the most recent quarter.
Several other institutional investors have also bought and sold shares of MSI. Vanguard Group Inc. lifted its position in Motorola Solutions by 1.6% during the 2nd quarter. Vanguard Group Inc. now owns 16,290,817 shares of the communications equipment provider’s stock worth $1,413,066,000 after acquiring an additional 254,399 shares during the period. Lazard Asset Management LLC lifted its position in Motorola Solutions by 6.7% during the 2nd quarter. Lazard Asset Management LLC now owns 9,589,218 shares of the communications equipment provider’s stock worth $831,768,000 after acquiring an additional 600,229 shares during the period. State Street Corp lifted its position in Motorola Solutions by 1.8% during the 2nd quarter. State Street Corp now owns 7,734,797 shares of the communications equipment provider’s stock worth $670,905,000 after acquiring an additional 135,926 shares during the period. Parnassus Investments CA lifted its position 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 worth $479,480,000 after acquiring an additional 41,541 shares during the period. Finally, Neuberger Berman Group LLC lifted its position in Motorola Solutions by 2.1% during the 2nd quarter. Neuberger Berman Group LLC now owns 5,458,346 shares of the communications equipment provider’s stock worth $473,457,000 after acquiring an additional 110,330 shares during the period. 87.86% of the stock is owned by hedge funds and other institutional investors.
In related news, EVP Bruce W. Brda sold 5,916 shares of Motorola Solutions stock in a transaction dated Monday, November 6th. The stock was sold at an average price of $92.41, for a total value of $546,697.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman Gregory Q. Brown sold 50,000 shares of Motorola Solutions stock in a transaction dated Wednesday, November 29th. The shares were sold at an average price of $94.32, for a total value of $4,716,000.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 359,286 shares of company stock valued at $33,178,275. 2.50% of the stock is owned by company insiders.
Motorola Solutions Inc (MSI) traded up $0.63 during midday trading on Thursday, hitting $91.29. The company’s stock had a trading volume of 743,600 shares, compared to its average volume of 1,067,307. The stock has a market cap of $14,686.90, a price-to-earnings ratio of 17.64, a P/E/G ratio of 4.04 and a beta of 0.35. Motorola Solutions Inc has a twelve month low of $76.92 and a twelve month high of $94.96. The company has a debt-to-equity ratio of -5.41, a current ratio of 1.30 and a quick ratio of 1.16.
Motorola Solutions (NYSE:MSI) last released its quarterly earnings data on Thursday, November 2nd. The communications equipment provider reported $1.53 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.40 by $0.13. The business had revenue of $1.65 billion during the quarter, compared to analyst estimates of $1.58 billion. Motorola Solutions had a negative return on equity of 92.09% and a net margin of 10.51%. The company’s revenue was up 7.4% on a year-over-year basis. During the same quarter last year, the business posted $1.37 EPS. sell-side analysts expect that Motorola Solutions Inc will post 5.14 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, January 12th. Investors of record on Friday, December 15th will be paid a $0.52 dividend. This represents a $2.08 annualized dividend and a dividend yield of 2.28%. The ex-dividend date of this dividend is Thursday, December 14th. This is a positive change from Motorola Solutions’s previous quarterly dividend of $0.47. Motorola Solutions’s payout ratio is currently 48.08%.
A number of analysts have commented on MSI shares. Jefferies Group reaffirmed a “buy” rating and set a $105.00 price target on shares of Motorola Solutions in a research report on Tuesday, August 22nd. Zacks Investment Research raised Motorola Solutions from a “hold” rating to a “buy” rating and set a $97.00 price target for the company in a research report on Wednesday, September 6th. Finally, Cleveland Research raised Motorola Solutions from a “neutral” rating to a “buy” rating in a research report on Friday, October 6th. Four analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Motorola Solutions currently has an average rating of “Buy” and an average 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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