Intellectus Partners LLC Decreases Holdings in Motorola Solutions, Inc. (MSI)

Intellectus Partners LLC reduced its stake in Motorola Solutions, Inc. (NYSE:MSI) by 21.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,289 shares of the communications equipment provider’s stock after selling 900 shares during the period. Intellectus Partners LLC’s holdings in Motorola Solutions were worth $287,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the business. Bank of Nova Scotia increased its holdings in shares of Motorola Solutions by 121.8% in the second quarter. Bank of Nova Scotia now owns 83,777 shares of the communications equipment provider’s stock valued at $7,267,000 after purchasing an additional 46,009 shares during the last quarter. Raymond James Financial Services Advisors Inc. increased its holdings in shares of Motorola Solutions by 88.9% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 8,465 shares of the communications equipment provider’s stock valued at $734,000 after purchasing an additional 3,984 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in shares of Motorola Solutions by 29.8% in the second quarter. Arrowstreet Capital Limited Partnership now owns 394,361 shares of the communications equipment provider’s stock valued at $34,207,000 after purchasing an additional 90,561 shares during the last quarter. Gyroscope Capital Management Group LLC increased its holdings in shares of Motorola Solutions by 1.0% in the second quarter. Gyroscope Capital Management Group LLC now owns 3,347 shares of the communications equipment provider’s stock valued at $290,000 after purchasing an additional 32 shares during the last quarter. Finally, Caxton Associates LP acquired a new position in shares of Motorola Solutions in the second quarter valued at $599,000. Hedge funds and other institutional investors own 87.40% of the company’s stock.

Motorola Solutions, Inc. (MSI) traded down 0.08% during midday trading on Friday, reaching $89.73. 121,171 shares of the company traded hands. Motorola Solutions, Inc. has a one year low of $71.24 and a one year high of $93.75. The firm has a 50-day moving average price of $86.32 and a 200-day moving average price of $86.24. The firm has a market capitalization of $14.59 billion, a price-to-earnings ratio of 23.66 and a beta of 0.31.

Motorola Solutions (NYSE:MSI) last issued its quarterly earnings results on Thursday, August 3rd. The communications equipment provider reported $1.06 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.99 by $0.07. The firm had revenue of $1.50 billion during the quarter, compared to the consensus estimate of $1.46 billion. Motorola Solutions had a negative return on equity of 93.44% and a net margin of 10.38%. The company’s revenue for the quarter was up 4.7% on a year-over-year basis. During the same quarter last year, the company posted $1.03 EPS. Equities analysts predict that Motorola Solutions, Inc. will post $5.29 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 13th. Stockholders of record on Friday, September 15th will be given a dividend of $0.47 per share. The ex-dividend date is Thursday, September 14th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.09%. Motorola Solutions’s dividend payout ratio (DPR) is presently 49.60%.

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Several equities analysts have commented on MSI shares. Jefferies Group LLC reiterated a “buy” rating and issued a $105.00 price objective on shares of Motorola Solutions in a report on Tuesday, August 22nd. Credit Suisse Group set a $95.00 price objective on shares of Motorola Solutions and gave the company a “buy” rating in a report on Thursday, July 27th. Zacks Investment Research upgraded shares of Motorola Solutions from a “hold” rating to a “buy” rating and set a $102.00 price objective on the stock in a report on Thursday, July 27th. BidaskClub upgraded shares of Motorola Solutions from a “hold” rating to a “buy” rating in a report on Tuesday, June 27th. Finally, BMO Capital Markets reiterated a “buy” rating on shares of Motorola Solutions in a report on Friday, June 23rd. Five investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $94.08.

In related news, EVP Bruce W. Brda sold 25,299 shares of the business’s stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $89.11, for a total value of $2,254,393.89. Following the completion of the sale, the executive vice president now owns 23,829 shares in the company, valued at approximately $2,123,402.19. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Eduardo F. Conrado sold 6,998 shares of the business’s stock in a transaction that occurred on Tuesday, August 8th. The stock was sold at an average price of $89.13, for a total value of $623,731.74. Following the completion of the sale, the executive vice president now owns 22,858 shares of the company’s stock, valued at approximately $2,037,333.54. The disclosure for this sale can be found here. Company insiders own 2.50% of the company’s stock.

About Motorola Solutions

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.

Institutional Ownership by Quarter for Motorola Solutions (NYSE:MSI)

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