Dynamic Technology Lab Private Ltd Acquires New Stake in Motorola Solutions, Inc. (MSI)
Dynamic Technology Lab Private Ltd acquired a new stake in Motorola Solutions, Inc. (NYSE:MSI) during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 10,984 shares of the communications equipment provider’s stock, valued at approximately $932,000.
Several other large investors have also recently made changes to their positions in the business. Vanguard Group Inc. increased its position in shares of Motorola Solutions by 1.6% in the 2nd quarter. Vanguard Group Inc. now owns 16,290,817 shares of the communications equipment provider’s stock valued at $1,413,066,000 after purchasing an additional 254,399 shares during the last quarter. Lazard Asset Management LLC grew its position in shares of Motorola Solutions by 6.7% in the 2nd quarter. Lazard Asset Management LLC now owns 9,589,218 shares of the communications equipment provider’s stock valued at $831,768,000 after buying an additional 600,229 shares during the last quarter. State Street Corp grew its position in shares of Motorola Solutions by 1.8% in the 2nd quarter. State Street Corp now owns 7,734,797 shares of the communications equipment provider’s stock valued at $670,905,000 after buying an additional 135,926 shares during the last quarter. Parnassus Investments CA grew its position in shares of Motorola Solutions by 0.7% in the 3rd quarter. Parnassus Investments CA now owns 5,649,582 shares of the communications equipment provider’s stock valued at $479,480,000 after buying an additional 41,541 shares during the last quarter. Finally, Neuberger Berman Group LLC grew its position in shares of Motorola Solutions by 2.1% in the 2nd quarter. Neuberger Berman Group LLC now owns 5,458,346 shares of the communications equipment provider’s stock valued at $473,457,000 after buying an additional 110,330 shares during the last quarter. 88.17% of the stock is currently owned by institutional investors.
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A number of research analysts recently commented on MSI shares. Zacks Investment Research raised shares of Motorola Solutions from a “hold” rating to a “buy” rating and set a $97.00 target price on the stock in a research report on Tuesday, August 29th. Jefferies Group LLC increased their target price on shares of Motorola Solutions from $105.00 to $110.00 and gave the company a “buy” rating in a research report on Friday, November 3rd. Cleveland Research upgraded shares of Motorola Solutions from a “neutral” rating to a “buy” rating in a research note on Friday, October 6th. BMO Capital Markets increased their price target on shares of Motorola Solutions from $95.00 to $102.00 and gave the stock an “outperform” rating in a research note on Friday, August 4th. Finally, ValuEngine cut shares of Motorola Solutions from a “buy” rating to a “hold” rating in a research note on Tuesday, August 22nd. Four analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $95.08.
In other Motorola Solutions news, Chairman Gregory Q. Brown sold 52,521 shares of the firm’s stock in a transaction dated Thursday, November 16th. The shares were sold at an average price of $90.96, for a total transaction of $4,777,310.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Bruce W. Brda sold 5,916 shares of the firm’s stock in a transaction dated Monday, November 6th. The shares were sold at an average price of $92.41, for a total transaction of $546,697.56. The disclosure for this sale can be found here. Insiders sold a total of 133,456 shares of company stock valued at $12,143,985 in the last quarter. Insiders own 2.50% of the company’s stock.
Shares of Motorola Solutions, Inc. (NYSE:MSI) traded up $0.12 on Wednesday, hitting $92.45. 1,040,200 shares of the stock were exchanged, compared to its average volume of 1,077,832. The company has a debt-to-equity ratio of -5.41, a current ratio of 1.30 and a quick ratio of 1.16. The stock has a market cap of $14,957.44, a P/E ratio of 17.96, a PEG ratio of 4.11 and a beta of 0.33. Motorola Solutions, Inc. has a 1-year low of $76.92 and a 1-year high of $94.94.
Motorola Solutions (NYSE:MSI) last announced its quarterly earnings results on Thursday, November 2nd. The communications equipment provider reported $1.53 earnings per share (EPS) 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 the consensus estimate of $1.58 billion. Motorola Solutions had a net margin of 10.51% and a negative return on equity of 92.09%. The business’s revenue was up 7.4% compared to the same quarter last year. During the same quarter last year, the firm posted $1.37 EPS. equities analysts forecast that Motorola Solutions, Inc. will post 5.14 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, January 12th. Stockholders of record on Friday, December 15th will be issued a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a dividend yield of 2.25%. The ex-dividend date of this dividend is Thursday, December 14th. This is an increase from Motorola Solutions’s previous quarterly dividend of $0.47. Motorola Solutions’s dividend payout ratio (DPR) is currently 48.08%.
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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