Motorola Solutions Inc (MSI) EVP Mark S. Hacker Sells 19,700 Shares

Motorola Solutions Inc (NYSE:MSI) EVP Mark S. Hacker sold 19,700 shares of the business’s stock in a transaction that occurred on Tuesday, January 9th. The stock was sold at an average price of $93.00, for a total value of $1,832,100.00. Following the completion of the sale, the executive vice president now owns 28,685 shares of the company’s stock, valued at approximately $2,667,705. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Shares of Motorola Solutions Inc (NYSE:MSI) traded up $1.17 during mid-day trading on Thursday, reaching $93.55. The company’s stock had a trading volume of 812,028 shares, compared to its average volume of 1,030,000. The company has a quick ratio of 1.16, a current ratio of 1.30 and a debt-to-equity ratio of -5.41. Motorola Solutions Inc has a 12-month low of $76.92 and a 12-month high of $95.30. The company has a market capitalization of $15,160.00, a P/E ratio of 23.93, a P/E/G ratio of 3.88 and a beta of 0.35.

Motorola Solutions (NYSE:MSI) last announced its quarterly earnings data on Thursday, November 2nd. The communications equipment provider reported $1.53 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.40 by $0.13. Motorola Solutions had a negative return on equity of 92.09% and a net margin of 10.51%. The firm had revenue of $1.65 billion during the quarter, compared to the consensus estimate of $1.58 billion. During the same quarter in the previous year, the company posted $1.37 earnings per share. The business’s revenue was up 7.4% on a year-over-year basis. equities analysts forecast that Motorola Solutions Inc will post 5.13 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 12th. Shareholders of record on Friday, December 15th will be given a $0.52 dividend. The ex-dividend date of this dividend is Thursday, December 14th. This represents a $2.08 annualized dividend and a yield of 2.22%. This is an increase from Motorola Solutions’s previous quarterly dividend of $0.47. Motorola Solutions’s payout ratio is presently 53.20%.

A number of hedge funds have recently made changes to their positions in MSI. Pacer Advisors Inc. lifted its position in Motorola Solutions by 8.1% in the second quarter. Pacer Advisors Inc. now owns 3,473 shares of the communications equipment provider’s stock valued at $301,000 after purchasing an additional 261 shares during the last quarter. Oppenheimer & Co. Inc. lifted its position in Motorola Solutions by 1.6% in the second quarter. Oppenheimer & Co. Inc. now owns 4,569 shares of the communications equipment provider’s stock valued at $396,000 after purchasing an additional 73 shares during the last quarter. JPMorgan Chase & Co. lifted its position in Motorola Solutions by 111.3% in the second quarter. JPMorgan Chase & Co. now owns 686,510 shares of the communications equipment provider’s stock valued at $59,548,000 after purchasing an additional 361,621 shares during the last quarter. Schroder Investment Management Group lifted its position in Motorola Solutions by 50.2% in the second quarter. Schroder Investment Management Group now owns 37,620 shares of the communications equipment provider’s stock valued at $3,265,000 after purchasing an additional 12,566 shares during the last quarter. Finally, CIBC World Markets Inc. increased its stake in shares of Motorola Solutions by 33.0% during the second quarter. CIBC World Markets Inc. now owns 8,880 shares of the communications equipment provider’s stock valued at $770,000 after buying an additional 2,204 shares during the period. Hedge funds and other institutional investors own 87.78% of the company’s stock.

A number of research firms recently weighed in on MSI. Zacks Investment Research downgraded Motorola Solutions from a “buy” rating to a “hold” rating in a research report on Monday. ValuEngine downgraded Motorola Solutions from a “buy” rating to a “hold” rating in a research report on Wednesday, November 15th. Jefferies Group boosted their target price on Motorola Solutions from $105.00 to $110.00 and gave the stock a “buy” rating in a research report on Friday, November 3rd. Finally, Cleveland Research upgraded Motorola Solutions from a “neutral” rating to a “buy” rating in a research report on Friday, October 6th. Five investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Motorola Solutions currently has a consensus rating of “Buy” and an average target price of $95.08.

COPYRIGHT VIOLATION NOTICE: “Motorola Solutions Inc (MSI) EVP Mark S. Hacker Sells 19,700 Shares” was originally reported by Community Financial News and is the property of of Community Financial News. If you are viewing this article on another publication, it was copied illegally and republished in violation of U.S. and international copyright and trademark legislation. The legal version of this article can be viewed at https://www.com-unik.info/2018/01/11/motorola-solutions-inc-msi-evp-mark-s-hacker-sells-19700-shares.html.

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.

Insider Buying and Selling by Quarter for Motorola Solutions (NYSE:MSI)

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