Motorola Solutions Inc (MSI) : Marlowe Partners Lp reduced its stake in Motorola Solutions Inc by 51.71% during the most recent quarter end. The investment management company now holds a total of 158,217 shares of Motorola Solutions Inc which is valued at $11.2 Million after selling 169,417 shares in Motorola Solutions Inc , the firm said in a disclosure report filed with the SEC on May 13, 2016.Motorola Solutions Inc makes up approximately 9.38% of Marlowe Partners Lp’s portfolio.
Other Hedge Funds, Including , Burnham Asset Management Corp Ny reduced its stake in MSI by selling 547 shares or 11.49% in the most recent quarter. The Hedge Fund company now holds 4,215 shares of MSI which is valued at $297,663. Motorola Solutions Inc makes up approx 0.09% of Burnham Asset Management Corp Ny’s portfolio. Trexquant Investment Lp added MSI to its portfolio by purchasing 15,800 company shares during the most recent quarter which is valued at $1.1 Million. Motorola Solutions Inc makes up approx 0.13% of Trexquant Investment Lp’s portfolio.First Trust Advisors Lp reduced its stake in MSI by selling 111,287 shares or 29.17% in the most recent quarter. The Hedge Fund company now holds 270,177 shares of MSI which is valued at $19.1 Million. Motorola Solutions Inc makes up approx 0.06% of First Trust Advisors Lp’s portfolio.Stephens Inc Ar reduced its stake in MSI by selling 2,500 shares or 22.44% in the most recent quarter. The Hedge Fund company now holds 8,640 shares of MSI which is valued at $609,466. Motorola Solutions Inc makes up approx 0.03% of Stephens Inc Ar’s portfolio.
Motorola Solutions Inc closed down -0.33 points or -0.47% at $69.35 with 11,55,408 shares getting traded on Wednesday. Post opening the session at $69.75, the shares hit an intraday low of $69.33 and an intraday high of $69.965 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.
On the company’s financial health, Motorola Solutions Inc reported $0.52 EPS for the quarter, beating the analyst consensus estimate by $ 0.11 according to the earnings call on May 5, 2016. Analyst had a consensus of $0.41. The company had revenue of $1193.00 million for the quarter, compared to analysts expectations of $1166.91 million. The company’s revenue was down -2.5 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.38 EPS.
Investors should note that on May 17, 2016, Motorola Solutions Inc announced a cash dividend of $0.4100. The company’s management has announced Jun 13, 2016 as the ex-dividend date and fixed the record date on Jun 15, 2016. The payable date has been fixed on Jul 15, 2016.
Many Wall Street Analysts have commented on Motorola Solutions Inc. Shares were Reiterated by MKM Partners on May 9, 2016 to “Neutral” and Lowered the Price Target to $ 69 from a previous price target of $74 .Motorola Solutions Inc was Downgraded by Northcoast to ” Neutral” on May 4, 2016. 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 .
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.