Traders Buy Motorola Solutions (MSI) on Weakness on Insider Selling
Traders bought shares of Motorola Solutions Inc (NYSE:MSI) on weakness during trading on Monday after an insider sold shares in the company. $51.98 million flowed into the stock on the tick-up and $13.95 million flowed out of the stock on the tick-down, for a money net flow of $38.03 million into the stock. Of all companies tracked, Motorola Solutions had the 24th highest net in-flow for the day. Motorola Solutions traded down ($0.27) for the day and closed at $126.49Specifically, Chairman Gregory Q. Brown sold 204,953 shares of the stock in a transaction on Friday, September 14th. The stock was sold at an average price of $126.47, for a total transaction of $25,920,405.91. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Gino A. Bonanotte sold 23,201 shares of the stock in a transaction on Wednesday, September 12th. The stock was sold at an average price of $125.97, for a total value of $2,922,629.97. Following the sale, the chief financial officer now directly owns 41,019 shares in the company, valued at $5,167,163.43. The disclosure for this sale can be found here. Over the last three months, insiders have sold 649,479 shares of company stock worth $82,082,428. 2.20% of the stock is currently owned by insiders.
Several analysts have recently issued reports on MSI shares. Jefferies Financial Group increased their target price on Motorola Solutions to $140.00 and gave the stock a “buy” rating in a report on Monday, July 23rd. Zacks Investment Research raised Motorola Solutions from a “hold” rating to a “buy” rating and set a $137.00 target price on the stock in a report on Tuesday, July 24th. JPMorgan Chase & Co. lowered Motorola Solutions from a “neutral” rating to an “underweight” rating in a report on Friday, August 3rd. Credit Suisse Group set a $137.00 target price on Motorola Solutions and gave the stock a “buy” rating in a report on Monday, August 20th. Finally, Argus increased their target price on Motorola Solutions to $140.00 and gave the stock a “buy” rating in a report on Tuesday, August 7th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and twelve have given a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $130.23.
The company has a market cap of $20.57 billion, a price-to-earnings ratio of 24.38, a PEG ratio of 2.01 and a beta of 0.43. The company has a quick ratio of 1.09, a current ratio of 1.23 and a debt-to-equity ratio of -3.55.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 15th. Investors of record on Friday, September 14th will be paid a $0.52 dividend. This represents a $2.08 annualized dividend and a yield of 1.64%. The ex-dividend date of this dividend is Thursday, September 13th. Motorola Solutions’s dividend payout ratio (DPR) is presently 40.00%.
A number of large investors have recently added to or reduced their stakes in MSI. Mainstay Capital Management LLC ADV boosted its stake in Motorola Solutions by 11,537.0% in the second quarter. Mainstay Capital Management LLC ADV now owns 11,637 shares of the communications equipment provider’s stock valued at $100,000 after buying an additional 11,537 shares in the last quarter. Summit Trail Advisors LLC boosted its stake in shares of Motorola Solutions by 3,656.8% during the first quarter. Summit Trail Advisors LLC now owns 105,303 shares of the communications equipment provider’s stock valued at $105,000 after purchasing an additional 102,500 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. boosted its stake in shares of Motorola Solutions by 17,920.0% during the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 901 shares of the communications equipment provider’s stock valued at $105,000 after purchasing an additional 896 shares in the last quarter. Fort L.P. acquired a new stake in shares of Motorola Solutions during the second quarter valued at about $123,000. Finally, KCM Investment Advisors LLC acquired a new stake in shares of Motorola Solutions during the second quarter valued at about $202,000. 86.19% of the stock is currently owned by institutional investors and hedge funds.
Motorola Solutions Company Profile (NYSE:MSI)
Motorola Solutions, Inc, together with its subsidiaries, provides mission-critical communication infrastructure, devices, accessories, software, and services in the United States, the United Kingdom, and internationally. The company operates in two segments, Products and Services. The Products segment offers a portfolio of infrastructure, devices, accessories, and software for government, public safety and first-responder agencies, municipalities, and commercial and industrial customers.
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