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Motorola Solutions, Inc. $MSI Stock Sold by Alps Advisors Inc.

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Key Points

  • Alps Advisors cut its Motorola Solutions stake by 15.1% in the third quarter, selling 2,751 shares and retaining 15,489 shares valued at about $6.9 million.
  • Motorola Solutions beat quarterly estimates, reporting EPS of $4.69 and revenue of $3.38 billion; revenue rose 12.2% year over year.
  • Analyst sentiment remained favorable, with a consensus Buy rating and an average price target of $545.70.
  • MarketBeat previews top five stocks to own in December.

Alps Advisors Inc. trimmed its stake in shares of Motorola Solutions, Inc. (NYSE:MSI - Free Report) by 15.1% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 15,489 shares of the communications equipment provider's stock after selling 2,751 shares during the quarter. Alps Advisors Inc.'s holdings in Motorola Solutions were worth $6,908,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the stock. Aristotle Capital Management LLC bought a new position in Motorola Solutions in the first quarter valued at approximately $983,432,000. Bank of New York Mellon Corp bought a new stake in shares of Motorola Solutions during the 2nd quarter worth $374,617,000. Bank of America Corp DE lifted its position in shares of Motorola Solutions by 34.3% during the 1st quarter. Bank of America Corp DE now owns 1,381,506 shares of the communications equipment provider's stock worth $599,532,000 after buying an additional 352,679 shares during the last quarter. State Street Corp grew its position in Motorola Solutions by 4.3% in the second quarter. State Street Corp now owns 7,849,952 shares of the communications equipment provider's stock valued at $3,269,332,000 after acquiring an additional 323,725 shares during the last quarter. Finally, SEB Asset Management AB bought a new position in Motorola Solutions in the first quarter valued at about $112,734,000. 84.17% of the stock is currently owned by institutional investors.

Motorola Solutions Stock Down 0.6%

Shares of NYSE MSI opened at $513.91 on Friday. The company's 50 day moving average price is $467.94 and its 200-day moving average price is $441.87. The company has a debt-to-equity ratio of 3.03, a quick ratio of 0.86 and a current ratio of 1.10. Motorola Solutions, Inc. has a 52-week low of $359.36 and a 52-week high of $548.28. The company has a market capitalization of $84.96 billion, a P/E ratio of 41.34, a price-to-earnings-growth ratio of 3.07 and a beta of 0.86.

Motorola Solutions (NYSE:MSI - Get Free Report) last posted its quarterly earnings data on Wednesday, November 4th. The communications equipment provider reported $4.69 earnings per share for the quarter, topping the consensus estimate of $4.42 by $0.27. Motorola Solutions had a net margin of 16.54% and a return on equity of 94.49%. The company had revenue of $3.38 billion during the quarter, compared to analysts' expectations of $3.26 billion. During the same period in the prior year, the company posted $4.06 earnings per share. Motorola Solutions's revenue for the quarter was up 12.2% compared to the same quarter last year. Equities analysts forecast that Motorola Solutions, Inc. will post 15.91 earnings per share for the current year.

Motorola Solutions Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 15th. Shareholders of record on Wednesday, September 16th were paid a $1.21 dividend. The ex-dividend date of this dividend was Wednesday, September 16th. This represents a $4.84 annualized dividend and a yield of 0.9%. Motorola Solutions's payout ratio is 38.94%.

Insider Buying and Selling

In other news, CEO Gregory Q. Brown sold 14,220 shares of Motorola Solutions stock in a transaction on Wednesday, September 2nd. The shares were sold at an average price of $485.22, for a total value of $6,899,828.40. Following the completion of the sale, the chief executive officer owned 66,648 shares in the company, valued at $32,338,942.56. The trade was a 17.58% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Kathryn Moore sold 1,004 shares of the stock in a transaction on Friday, August 21st. The stock was sold at an average price of $476.96, for a total transaction of $478,867.84. Following the transaction, the senior vice president directly owned 1,282 shares in the company, valued at approximately $611,462.72. This represents a 43.92% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 1.28% of the stock is currently owned by corporate insiders.

Key Stories Impacting Motorola Solutions

Here are the key news stories impacting Motorola Solutions this week:

Wall Street Analyst Weigh In

A number of analysts have weighed in on MSI shares. Raymond James Financial boosted their target price on shares of Motorola Solutions from $530.00 to $550.00 in a research note on Thursday, August 6th. Zacks Research cut Motorola Solutions from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, August 18th. Evercore increased their price target on Motorola Solutions from $525.00 to $550.00 in a research note on Thursday, October 8th. UBS Group raised their price objective on Motorola Solutions from $520.00 to $570.00 and gave the company a "buy" rating in a report on Thursday. Finally, Weiss Ratings upgraded Motorola Solutions from a "buy (b-)" rating to a "buy (b)" rating in a research report on Thursday, October 8th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the stock has an average rating of "Buy" and a consensus price target of $545.70.

Get Our Latest Research Report on MSI

Motorola Solutions Profile

(Free Report)

Motorola Solutions, Inc provides communications, software, video security and related services for public safety agencies and commercial and industrial organizations. Its products include two-way radios and land mobile radio systems, dispatch consoles, command center software, video surveillance systems and access control technology.

The company's offerings are designed to help customers coordinate communications, manage incidents and support security operations. Motorola Solutions also provides services such as system integration, maintenance and technical support.

Motorola Solutions serves customers around the world.

Recommended Stories

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Institutional Ownership by Quarter for Motorola Solutions (NYSE:MSI)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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