Omega Advisors Lowers stake in Motorola Solutions Inc (MSI)

Motorola Solutions Inc (MSI) : Omega Advisors reduced its stake in Motorola Solutions Inc by 18.53% during the most recent quarter end. The investment management company now holds a total of 1,027,210 shares of Motorola Solutions Inc which is valued at $82,793,126 after selling 233,680 shares in Motorola Solutions Inc , the firm said in a disclosure report filed with the SEC on Nov 14, 2016.Motorola Solutions Inc makes up approximately 2.55% of Omega Advisors’s portfolio.

Other Hedge Funds, Including , Wfg Advisors Lp boosted its stake in MSI in the latest quarter, The investment management firm added 1 additional shares and now holds a total of 47 shares of Motorola Solutions Inc which is valued at $3,788.Lord Abbett reduced its stake in MSI by selling 300,703 shares or 26.37% in the most recent quarter. The Hedge Fund company now holds 839,723 shares of MSI which is valued at $66,497,664. Motorola Solutions Inc makes up approx 0.21% of Lord Abbett’s portfolio.Global X Management Co boosted its stake in MSI in the latest quarter, The investment management firm added 1,537 additional shares and now holds a total of 3,626 shares of Motorola Solutions Inc which is valued at $275,213. Motorola Solutions Inc makes up approx 0.01% of Global X Management Co’s portfolio.Tarbox Group boosted its stake in MSI in the latest quarter, The investment management firm added 6 additional shares and now holds a total of 73 shares of Motorola Solutions Inc which is valued at $5,298.

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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