Scharf Investments buys $198.3 Million stake in Motorola Solutions Inc (MSI)

Motorola Solutions Inc (MSI) : Scharf Investments scooped up 57,939 additional shares in Motorola Solutions Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 13, 2016. The investment management firm now holds a total of 2,807,340 shares of Motorola Solutions Inc which is valued at $198.3 Million.Motorola Solutions Inc makes up approximately 4.57% of Scharf Investments’s portfolio.

Other Hedge Funds, Including , Re Advisers Corp sold out all of its stake in MSI during the most recent quarter. The investment firm sold 122,445 shares of MSI which is valued $8.6 Million. True Private Wealth Advisors added MSI to its portfolio by purchasing 3,110 company shares during the most recent quarter which is valued at $219,628. Motorola Solutions Inc makes up approx 0.09% of True Private Wealth Advisors’s portfolio.Liberty Mutual Group Asset Management boosted its stake in MSI in the latest quarter, The investment management firm added 209 additional shares and now holds a total of 9,646 shares of Motorola Solutions Inc which is valued at $680,429. Motorola Solutions Inc makes up approx 0.03% of Liberty Mutual Group Asset Management’s portfolio. Tocqueville Asset Management added MSI to its portfolio by purchasing 7,664 company shares during the most recent quarter which is valued at $576,256. Motorola Solutions Inc makes up approx 0.01% of Tocqueville Asset Management’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.

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