Cacti Asset Management Lowers stake in Motorola Solutions Inc (MSI)

Motorola Solutions Inc (MSI) : Cacti Asset Management reduced its stake in Motorola Solutions Inc by 1.28% during the most recent quarter end. The investment management company now holds a total of 442,875 shares of Motorola Solutions Inc which is valued at $33.7 Million after selling 5,750 shares in Motorola Solutions Inc according to a report filed by the company on Apr 1, 2016 with the SEC.Motorola Solutions Inc makes up approximately 3.62% of Cacti Asset Management’s portfolio.

On the company’s financial health, Motorola Solutions Inc reported $1.58 EPS for the quarter, beating the analyst consensus estimate by $ 0.12 according to the earnings call on Feb 22, 2016. Analyst had a consensus of $1.46. The company had revenue of $1682.00 million for the quarter, compared to analysts expectations of $1690.34 million. The company’s revenue was down -7.7 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.25 EPS.

Many Wall Street Analysts have commented on Motorola Solutions Inc. Company shares were Reiterated by MKM Partners on Feb 29, 2016 to “Neutral”, Firm has raised the Price Target to $ 74 from a previous price target of $70 .Company shares were Reiterated by Argus on Feb 25, 2016 to “Buy”, Firm has raised the Price Target to $ 84 from a previous price target of $79 .Motorola Solutions Inc was Upgraded by Macquarie to ” Neutral” on Feb 24, 2016.

Motorola Solutions Inc closed down -0.36 points or -0.48% at $74.88 with 11,22,348 shares getting traded on Monday. Post opening the session at $75.37, the shares hit an intraday low of $74.76 and an intraday high of $75.58 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

Motorola Solutions Inc. provides communication infrastructure devices accessories software and services. The Company operates business in two segments: Products and Services. The Products segment offers a portfolio of infrastructure devices accessories and software. The primary customers of the Products segment are Government public safety and first-responder agencies municipalities and commercial and industrial customers. The Products segment has two principal product lines: devices and systems. The Services segment provides a set of service offerings for Government public safety and commercial communication networks. The Services segment has the following principal product lines: Integration services Lifecycle Support services Managed services Smart Public Safety Solutions and Integrated Digital Enhanced Network (iDEN) services. The Company serves customers in more than 100 countries.

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