Cacti Asset Management buys $33,095,787 stake in Motorola Solutions Inc (MSI)

Motorola Solutions Inc (MSI) : Cacti Asset Management scooped up 3,300 additional shares in Motorola Solutions Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 3, 2016. The investment management firm now holds a total of 445,135 shares of Motorola Solutions Inc which is valued at $33,095,787.Motorola Solutions Inc makes up approximately 3.37% of Cacti Asset Management’s portfolio.

Motorola Solutions Inc closed down -0.83 points or -1.10% at $74.42 with 9,78,526 shares getting traded on Tuesday. Post opening the session at $75.13, the shares hit an intraday low of $74.01 and an intraday high of $75.6 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

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.

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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