First Mercantile Trust Co Lowers stake in Motorola Solutions Inc (MSI)

Motorola Solutions Inc (MSI) : First Mercantile Trust Co reduced its stake in Motorola Solutions Inc by 7.37% during the most recent quarter end. The investment management company now holds a total of 55,502 shares of Motorola Solutions Inc which is valued at $4,137,119 after selling 4,418 shares in Motorola Solutions Inc , the firm said in a disclosure report filed with the SEC on Aug 10, 2016.Motorola Solutions Inc makes up approximately 0.49% of First Mercantile Trust Co’s portfolio.

Other Hedge Funds, Including , Frontier Wealth Management boosted its stake in MSI in the latest quarter, The investment management firm added 5,493 additional shares and now holds a total of 18,275 shares of Motorola Solutions Inc which is valued at $1,362,219. Motorola Solutions Inc makes up approx 0.19% of Frontier Wealth Management’s portfolio.Ajo Lp reduced its stake in MSI by selling 83,041 shares or 71.02% in the most recent quarter. The Hedge Fund company now holds 33,883 shares of MSI which is valued at $2,504,970. Motorola Solutions Inc makes up approx 0.01% of Ajo Lp’s portfolio.Central Trust Co reduced its stake in MSI by selling 125 shares or 1.81% in the most recent quarter. The Hedge Fund company now holds 6,790 shares of MSI which is valued at $512,781. Motorola Solutions Inc makes up approx 0.04% of Central Trust Co’s portfolio.Seven Bridges Advisors reduced its stake in MSI by selling 5,836 shares or 32.89% in the most recent quarter. The Hedge Fund company now holds 11,910 shares of MSI which is valued at $824,887. Motorola Solutions Inc makes up approx 0.68% of Seven Bridges Advisors’s portfolio.Trust Co Of Vermont boosted its stake in MSI in the latest quarter, The investment management firm added 334 additional shares and now holds a total of 826 shares of Motorola Solutions Inc which is valued at $56,110. Motorola Solutions Inc makes up approx 0.01% of Trust Co Of Vermont’s portfolio.

Motorola Solutions Inc opened for trading at $75.74 and hit $76.48 on the upside on Friday, eventually ending the session at $76.34, with a gain of 0.46% or 0.35 points. The heightened volatility saw the trading volume jump to 7,95,650 shares. Company has a market cap of $12,728 M.

On the company’s financial health, Motorola Solutions Inc reported $1.03 EPS for the quarter, beating the analyst consensus estimate by $ 0.16 according to the earnings call on Aug 4, 2016. Analyst had a consensus of $0.87. The company had revenue of $1430.00 million for the quarter, compared to analysts expectations of $1397.99 million. The company’s revenue was up 4.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.68 EPS.

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