Lazard Asset Management buys $420,339,075 stake in Motorola Solutions Inc (MSI)

Motorola Solutions Inc (MSI) : Lazard Asset Management scooped up 5,107,143 additional shares in Motorola Solutions Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Nov 14, 2016. The investment management firm now holds a total of 5,215,125 shares of Motorola Solutions Inc which is valued at $420,339,075.Motorola Solutions Inc makes up approximately 0.97% of Lazard Asset Management’s portfolio.

Other Hedge Funds, Including , Qcm Cayman Ltd. added MSI to its portfolio by purchasing 4,148 company shares during the most recent quarter which is valued at $334,329. Motorola Solutions Inc makes up approx 0.72% of Qcm Cayman Ltd.’s portfolio.Daiwa Securities Group boosted its stake in MSI in the latest quarter, The investment management firm added 250 additional shares and now holds a total of 6,013 shares of Motorola Solutions Inc which is valued at $456,387.Neuberger Berman Group reduced its stake in MSI by selling 400,024 shares or 6.62% in the most recent quarter. The Hedge Fund company now holds 5,643,667 shares of MSI which is valued at $403,917,247. Motorola Solutions Inc makes up approx 0.57% of Neuberger Berman Group’s portfolio. Miller Howard Investments Inc Ny added MSI to its portfolio by purchasing 38,528 company shares during the most recent quarter which is valued at $2,857,236. Motorola Solutions Inc makes up approx 0.05% of Miller Howard Investments Inc Ny’s portfolio.Conning reduced its stake in MSI by selling 220 shares or 3.46% in the most recent quarter. The Hedge Fund company now holds 6,139 shares of MSI which is valued at $455,268. Motorola Solutions Inc makes up approx 0.02% of Conning’s portfolio.

Motorola Solutions Inc closed down -0.37 points or -0.46% at $79.98 with 7,24,772 shares getting traded on Monday. Post opening the session at $80.6, the shares hit an intraday low of $79.88 and an intraday high of $80.6 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, Motorola Solutions Inc reported $1.37 EPS for the quarter, beating the analyst consensus estimate by $ 0.17 according to the earnings call on Nov 3, 2016. Analyst had a consensus of $1.20. The company had revenue of $1532.00 million for the quarter, compared to analysts expectations of $1515.83 million. The company’s revenue was up 7.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.82 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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