Spc Financial Lowers stake in Motorola Solutions Inc (MSI)

Motorola Solutions Inc (MSI) : Spc Financial reduced its stake in Motorola Solutions Inc by 0.92% during the most recent quarter end. The investment management company now holds a total of 46,220 shares of Motorola Solutions Inc which is valued at $3,154,515 after selling 430 shares in Motorola Solutions Inc , the firm said in a disclosure report filed with the SEC on Jul 21, 2016.Motorola Solutions Inc makes up approximately 1.10% of Spc Financial’s portfolio.

Other Hedge Funds, Including , Ibm Retirement Fund reduced its stake in MSI by selling 109 shares or 0.52% in the most recent quarter. The Hedge Fund company now holds 20,704 shares of MSI which is valued at $1,413,048. Motorola Solutions Inc makes up approx 0.05% of Ibm Retirement Fund’s portfolio.Sadoff Investment Management boosted its stake in MSI in the latest quarter, The investment management firm added 380,775 additional shares and now holds a total of 416,371 shares of Motorola Solutions Inc which is valued at $28,417,321. Motorola Solutions Inc makes up approx 3.22% of Sadoff Investment Management’s portfolio.Hartford Investment Management Co reduced its stake in MSI by selling 1,409 shares or 3.47% in the most recent quarter. The Hedge Fund company now holds 39,208 shares of MSI which is valued at $2,675,946. Motorola Solutions Inc makes up approx 0.05% of Hartford Investment Management Co’s portfolio.Acadian Asset Management reduced its stake in MSI by selling 30,149 shares or 96.83% in the most recent quarter. The Hedge Fund company now holds 986 shares of MSI which is valued at $66,979.

Motorola Solutions Inc opened for trading at $69.02 and hit $69.73 on the upside on Thursday, eventually ending the session at $69.58, with a gain of 0.46% or 0.32 points. The heightened volatility saw the trading volume jump to 12,15,449 shares. Company has a market cap of $12,149 M.

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.

Many Wall Street Analysts have commented on Motorola Solutions Inc. Motorola Solutions Inc was Initiated by Citigroup to “Neutral” on Jun 20, 2016. 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.

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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