Zurcher Kantonalbank Zurich Cantonalbank Grows Position in Motorola Solutions Inc (MSI)

Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Motorola Solutions Inc (NYSE:MSI) by 11.3% during the fourth quarter, Holdings Channel reports. The institutional investor owned 39,942 shares of the communications equipment provider’s stock after buying an additional 4,070 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Motorola Solutions were worth $3,608,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in the stock. Thrivent Financial For Lutherans grew its stake in Motorola Solutions by 2.3% during the 2nd quarter. Thrivent Financial For Lutherans now owns 6,290 shares of the communications equipment provider’s stock worth $545,000 after buying an additional 140 shares during the last quarter. First Manhattan Co. grew its stake in Motorola Solutions by 2.2% during the 4th quarter. First Manhattan Co. now owns 25,890 shares of the communications equipment provider’s stock worth $2,338,000 after buying an additional 564 shares during the last quarter. Cibc Bank USA grew its stake in Motorola Solutions by 9.1% during the 4th quarter. Cibc Bank USA now owns 7,612 shares of the communications equipment provider’s stock worth $688,000 after buying an additional 637 shares during the last quarter. Global X MANAGEMENT CO LLC grew its stake in Motorola Solutions by 10.7% during the 3rd quarter. Global X MANAGEMENT CO LLC now owns 9,209 shares of the communications equipment provider’s stock worth $782,000 after buying an additional 892 shares during the last quarter. Finally, AMP Capital Investors Ltd grew its stake in Motorola Solutions by 2.0% during the 3rd quarter. AMP Capital Investors Ltd now owns 45,287 shares of the communications equipment provider’s stock worth $3,842,000 after buying an additional 900 shares during the last quarter. Hedge funds and other institutional investors own 87.89% of the company’s stock.

Motorola Solutions Inc (NYSE MSI) opened at $98.74 on Friday. Motorola Solutions Inc has a 12 month low of $77.23 and a 12 month high of $107.78. The firm has a market capitalization of $16,626.04, a P/E ratio of -91.43, a price-to-earnings-growth ratio of 2.03 and a beta of 0.40. The company has a quick ratio of 1.24, a current ratio of 1.35 and a debt-to-equity ratio of -2.56.

Motorola Solutions (NYSE:MSI) last announced its earnings results on Thursday, February 1st. The communications equipment provider reported $2.10 earnings per share for the quarter, beating the consensus estimate of $2.04 by $0.06. Motorola Solutions had a negative return on equity of 75.81% and a negative net margin of 2.43%. The company had revenue of $1.96 billion for the quarter, compared to the consensus estimate of $1.94 billion. During the same period last year, the business posted $2.03 EPS. The company’s revenue was up 3.9% on a year-over-year basis. equities research analysts predict that Motorola Solutions Inc will post 6.31 earnings per share for the current fiscal year.

In related news, CEO Gregory Q. Brown sold 100,000 shares of Motorola Solutions stock in a transaction that occurred on Monday, November 20th. The stock was sold at an average price of $92.57, for a total value of $9,257,000.00. Following the sale, the chief executive officer now directly owns 99,015 shares in the company, valued at $9,165,818.55. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, major shareholder Motorola Solutions, Inc. sold 949,779 shares of Motorola Solutions stock in a transaction that occurred on Wednesday, January 10th. The shares were sold at an average price of $15.00, for a total value of $14,246,685.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,375,837 shares of company stock worth $54,195,434. Company insiders own 2.50% of the company’s stock.

MSI has been the topic of a number of research reports. Zacks Investment Research upgraded Motorola Solutions from a “hold” rating to a “buy” rating and set a $100.00 price target on the stock in a research note on Friday, October 20th. Citigroup raised their price target on Motorola Solutions from $112.00 to $120.00 and gave the stock a “buy” rating in a research note on Monday. Jefferies Group raised their price target on Motorola Solutions from $105.00 to $110.00 and gave the stock a “buy” rating in a research note on Friday, November 3rd. Deutsche Bank upgraded Motorola Solutions from a “hold” rating to a “buy” rating and set a $78.00 price target on the stock in a research note on Friday, January 12th. Finally, ValuEngine downgraded Motorola Solutions from a “buy” rating to a “hold” rating in a research note on Wednesday, November 15th. Four equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $102.10.

ILLEGAL ACTIVITY NOTICE: “Zurcher Kantonalbank Zurich Cantonalbank Grows Position in Motorola Solutions Inc (MSI)” was first reported by Community Financial News and is the property of of Community Financial News. If you are viewing this piece of content on another domain, it was illegally copied and republished in violation of United States and international copyright and trademark legislation. The correct version of this piece of content can be accessed at https://www.com-unik.info/2018/02/09/zurcher-kantonalbank-zurich-cantonalbank-grows-position-in-motorola-solutions-inc-msi.html.

Motorola Solutions 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.

Want to see what other hedge funds are holding MSI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Motorola Solutions Inc (NYSE:MSI).

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

Receive News & Ratings for Motorola Solutions Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Motorola Solutions and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit