Great West Life Assurance Co. Can Sells 804 Shares of Motorola Solutions Inc (MSI)

Great West Life Assurance Co. Can Sells 804 Shares of Motorola Solutions Inc (MSI)

Great West Life Assurance Co. Can reduced its stake in shares of Motorola Solutions Inc (NYSE:MSI) by 0.4% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 213,610 shares of the communications equipment provider’s stock after selling 804 shares during the period. Great West Life Assurance Co. Can owned 0.13% of Motorola Solutions worth $18,401,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its position in shares of Motorola Solutions by 2.2% in the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 46,130 shares of the communications equipment provider’s stock valued at $3,977,000 after buying an additional 977 shares in the last quarter. Advisor Partners LLC boosted its position in shares of Motorola Solutions by 11.6% in the first quarter. Advisor Partners LLC now owns 3,892 shares of the communications equipment provider’s stock valued at $336,000 after buying an additional 405 shares in the last quarter. Oregon Public Employees Retirement Fund boosted its position in shares of Motorola Solutions by 5.4% in the first quarter. Oregon Public Employees Retirement Fund now owns 17,421 shares of the communications equipment provider’s stock valued at $1,502,000 after buying an additional 900 shares in the last quarter. Sumitomo Mitsui Asset Management Company LTD boosted its position in shares of Motorola Solutions by 9.6% in the first quarter. Sumitomo Mitsui Asset Management Company LTD now owns 12,687 shares of the communications equipment provider’s stock valued at $1,093,000 after buying an additional 1,113 shares in the last quarter. Finally, DUPONT CAPITAL MANAGEMENT Corp acquired a new position in shares of Motorola Solutions during the first quarter valued at approximately $1,905,000. 84.59% of the stock is owned by institutional investors.

Motorola Solutions Inc (NYSE:MSI) traded down 1.93% during midday trading on Friday, hitting $84.44. 2,176,666 shares of the stock traded hands. Motorola Solutions Inc has a one year low of $62.76 and a one year high of $87.69. The company has a market cap of $13.91 billion, a PE ratio of 26.06 and a beta of 0.45. The company’s 50-day moving average is $84.41 and its 200-day moving average is $81.31.

Motorola Solutions (NYSE:MSI) last released its quarterly earnings results on Thursday, May 4th. The communications equipment provider reported $0.64 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.50 by $0.14. The business earned $1.28 billion during the quarter, compared to analyst estimates of $1.25 billion. Motorola Solutions had a net margin of 9.26% and a negative return on equity of 134.65%. The business’s revenue was up 7.4% on a year-over-year basis. During the same period last year, the business earned $0.52 EPS. Equities research analysts expect that Motorola Solutions Inc will post $5.18 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, April 14th. Investors of record on Wednesday, March 15th were issued a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a yield of 2.23%. The ex-dividend date of this dividend was Monday, March 13th. Motorola Solutions’s payout ratio is 57.49%.

Several brokerages have commented on MSI. Credit Suisse Group AG reissued an “outperform” rating and issued a $95.00 price target (up previously from $90.00) on shares of Motorola Solutions in a research report on Friday. Cowen and Company reissued a “market perform” rating and issued a $75.00 price target (down previously from $77.00) on shares of Motorola Solutions in a research report on Friday. Citigroup Inc reissued a “buy” rating and issued a $102.00 price target (up previously from $93.00) on shares of Motorola Solutions in a research report on Friday. Jefferies Group LLC raised shares of Motorola Solutions from a “hold” rating to a “buy” rating and raised their price target for the company from $75.00 to $100.00 in a research report on Tuesday, March 21st. Finally, BMO Capital Markets reissued a “buy” rating and issued a $95.00 price target on shares of Motorola Solutions in a research report on Tuesday, March 21st. Five investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $87.64.

Motorola Solutions Company Profile

Motorola Solutions, Inc is a provider of communication infrastructure, devices, accessories, software and services. The Company operates through two segments: Products and Services. The Company’s Products segment offers a portfolio of infrastructure, devices, accessories and software. The Products segment has two product lines: Devices and Systems.

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