CIBC World Markets Inc. Cuts Stake in Motorola Solutions Inc (MSI)
CIBC World Markets Inc. trimmed its position in Motorola Solutions Inc (NYSE:MSI) by 44.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,070 shares of the communications equipment provider’s stock after selling 3,246 shares during the period. CIBC World Markets Inc.’s holdings in Motorola Solutions were worth $368,000 at the end of the most recent quarter.
Other institutional investors have also recently modified their holdings of the company. Grove Bank & Trust increased its position in shares of Motorola Solutions by 731.0% in the third quarter. Grove Bank & Trust now owns 1,205 shares of the communications equipment provider’s stock valued at $102,000 after acquiring an additional 1,060 shares during the last quarter. Fuller & Thaler Asset Management Inc. acquired a new stake in shares of Motorola Solutions in the third quarter valued at about $187,000. MAI Capital Management acquired a new stake in shares of Motorola Solutions in the fourth quarter valued at about $202,000. Pinnacle Associates Ltd. acquired a new stake in shares of Motorola Solutions in the third quarter valued at about $206,000. Finally, First Capital Advisors Group LLC. acquired a new stake in shares of Motorola Solutions in the fourth quarter valued at about $207,000. Institutional investors own 87.89% of the company’s stock.
MSI has been the topic of a number of recent research reports. Jefferies Group lifted their target price on Motorola Solutions from $105.00 to $110.00 and gave the company a “buy” rating in a research report on Friday, November 3rd. Zacks Investment Research downgraded Motorola Solutions from a “buy” rating to a “hold” rating in a research report on Monday, October 23rd. Deutsche Bank raised Motorola Solutions from a “hold” rating to a “buy” rating and set a $78.00 target price on the stock in a research report on Friday, January 12th. Citigroup lifted their target price on Motorola Solutions from $104.00 to $112.00 and gave the company a “buy” rating in a research report on Wednesday, January 24th. Finally, ValuEngine downgraded Motorola Solutions from a “buy” rating to a “hold” rating in a research report on Wednesday, November 15th. Four analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $103.27.
Motorola Solutions (NYSE:MSI) last announced its quarterly earnings results on Thursday, February 1st. The communications equipment provider reported $2.10 earnings per share for the quarter, topping analysts’ consensus estimates of $2.04 by $0.06. The firm had revenue of $1.96 billion for the quarter, compared to the consensus estimate of $1.94 billion. Motorola Solutions had a negative return on equity of 75.81% and a negative net margin of 2.43%. The business’s revenue was up 3.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.03 earnings per share. equities analysts forecast that Motorola Solutions Inc will post 6.31 EPS for the current year.
In other Motorola Solutions news, CEO Gregory Q. Brown sold 75,019 shares of the business’s stock in a transaction that occurred on Tuesday, November 14th. The stock was sold at an average price of $90.91, for a total transaction of $6,819,977.29. Following the transaction, the chief executive officer now owns 183,312 shares of the company’s stock, valued at $16,664,893.92. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, major shareholder Motorola Solutions, Inc. sold 949,779 shares of the business’s stock in a transaction that occurred on Wednesday, January 10th. The stock was sold at an average price of $15.00, for a total value of $14,246,685.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,375,837 shares of company stock worth $54,195,434. Company insiders own 2.50% of the company’s stock.
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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