Parnassus Investments Ca buys $450,316,132 stake in Motorola Solutions Inc (MSI)

Motorola Solutions Inc (MSI) : Parnassus Investments Ca scooped up 209,447 additional shares in Motorola Solutions Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 9, 2016. The investment management firm now holds a total of 6,091,115 shares of Motorola Solutions Inc which is valued at $450,316,132.Motorola Solutions Inc makes up approximately 2.64% of Parnassus Investments Ca’s portfolio.

Other Hedge Funds, Including , Blue Bell Private Wealth Management reduced its stake in MSI by selling 85 shares or 20.99% in the most recent quarter. The Hedge Fund company now holds 320 shares of MSI which is valued at $22,202. Motorola Solutions Inc makes up approx 0.01% of Blue Bell Private Wealth Management’s portfolio.High Point Bank Trust Co boosted its stake in MSI in the latest quarter, The investment management firm added 700 additional shares and now holds a total of 842 shares of Motorola Solutions Inc which is valued at $58,317. Motorola Solutions Inc makes up approx 0.02% of High Point Bank Trust Co’s portfolio.New Century Investment Management Inc reduced its stake in MSI by selling 1,600 shares or 14.81% in the most recent quarter. The Hedge Fund company now holds 9,200 shares of MSI which is valued at $627,900. Motorola Solutions Inc makes up approx 0.32% of New Century Investment Management Inc’s portfolio.Ferguson Wellman Capital Management Inc reduced its stake in MSI by selling 614 shares or 15.28% in the most recent quarter. The Hedge Fund company now holds 3,404 shares of MSI which is valued at $229,940. Motorola Solutions Inc makes up approx 0.01% of Ferguson Wellman Capital Management Inc’s portfolio.

Motorola Solutions Inc opened for trading at $75.41 and hit $75.81 on the upside on Wednesday, eventually ending the session at $75.68, with a gain of 0.13% or 0.1 points. The heightened volatility saw the trading volume jump to 21,59,197 shares. Company has a market cap of $12,618 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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