Motorola Solutions Inc (MSI) Shares Sold by Boothbay Fund Management LLC
Boothbay Fund Management LLC trimmed its stake in shares of Motorola Solutions Inc (NYSE:MSI) by 20.6% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,744 shares of the communications equipment provider’s stock after selling 711 shares during the period. Boothbay Fund Management LLC’s holdings in Motorola Solutions were worth $233,000 as of its most recent SEC filing.
Several other large investors also recently modified their holdings of the stock. Sun Life Financial INC increased its stake in Motorola Solutions by 14,800.0% in the 2nd quarter. Sun Life Financial INC now owns 1,192 shares of the communications equipment provider’s stock valued at $103,000 after buying an additional 1,184 shares during the last quarter. Acrospire Investment Management LLC increased its stake in Motorola Solutions by 33.3% in the 2nd quarter. Acrospire Investment Management LLC now owns 1,200 shares of the communications equipment provider’s stock valued at $104,000 after buying an additional 300 shares during the last quarter. Grove Bank & Trust increased its stake in Motorola Solutions by 731.0% in the 3rd quarter. Grove Bank & Trust now owns 1,205 shares of the communications equipment provider’s stock valued at $102,000 after buying an additional 1,060 shares during the last quarter. Fuller & Thaler Asset Management Inc. acquired a new stake in Motorola Solutions in the 3rd quarter valued at $187,000. Finally, Williams Jones & Associates LLC acquired a new stake in Motorola Solutions in the 2nd quarter valued at $201,000. Institutional investors and hedge funds own 87.86% of the company’s stock.
Several equities research analysts have issued reports on MSI shares. Jefferies Group reiterated a “buy” rating and issued a $105.00 price target on shares of Motorola Solutions in a research note on Tuesday, August 22nd. ValuEngine lowered shares of Motorola Solutions from a “buy” rating to a “hold” rating in a research note on Tuesday, August 22nd. Zacks Investment Research downgraded shares of Motorola Solutions from a “buy” rating to a “hold” rating in a research report on Monday, August 28th. Finally, Cleveland Research raised shares of Motorola Solutions from a “neutral” rating to a “buy” rating in a research report on Friday, October 6th. Four equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $95.08.
Motorola Solutions (NYSE:MSI) last announced its quarterly earnings data on Thursday, November 2nd. The communications equipment provider reported $1.53 EPS for the quarter, beating analysts’ consensus estimates of $1.40 by $0.13. Motorola Solutions had a net margin of 10.51% and a negative return on equity of 92.09%. The company had revenue of $1.65 billion during the quarter, compared to the consensus estimate of $1.58 billion. During the same quarter last year, the firm posted $1.37 EPS. The company’s quarterly revenue was up 7.4% on a year-over-year basis. analysts expect that Motorola Solutions Inc will post 5.14 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, January 12th. Investors of record on Friday, December 15th will be issued a dividend of $0.52 per share. This is an increase from Motorola Solutions’s previous quarterly dividend of $0.47. The ex-dividend date is Thursday, December 14th. This represents a $2.08 annualized dividend and a dividend yield of 2.23%. Motorola Solutions’s payout ratio is presently 48.08%.
In related news, EVP Bruce W. Brda sold 5,916 shares of Motorola Solutions 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Gregory Q. Brown sold 75,019 shares of Motorola Solutions stock in a transaction dated 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 sale, the chief executive officer now directly owns 183,312 shares of the company’s stock, valued at approximately $16,664,893.92. The disclosure for this sale can be found here. Insiders have sold a total of 359,286 shares of company stock valued at $33,178,275 in the last ninety days. 2.50% of the stock is currently owned by insiders.
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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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