AMG Funds LLC Has $2.115 Million Stake in Motorola Solutions Inc (MSI)

AMG Funds LLC decreased its stake in Motorola Solutions Inc (NYSE:MSI) by 21.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 24,536 shares of the communications equipment provider’s stock after selling 6,771 shares during the period. Motorola Solutions comprises 1.1% of AMG Funds LLC’s holdings, making the stock its 28th largest position. AMG Funds LLC’s holdings in Motorola Solutions were worth $2,115,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Essex Financial Services Inc. increased its position in shares of Motorola Solutions by 0.5% in the fourth quarter. Essex Financial Services Inc. now owns 8,742 shares of the communications equipment provider’s stock valued at $725,000 after buying an additional 42 shares in the last quarter. HighPoint Advisor Group LLC increased its position in shares of Motorola Solutions by 0.5% in the fourth quarter. HighPoint Advisor Group LLC now owns 10,898 shares of the communications equipment provider’s stock valued at $872,000 after buying an additional 50 shares in the last quarter. Silvercrest Asset Management Group LLC increased its position in shares of Motorola Solutions by 0.9% in the fourth quarter. Silvercrest Asset Management Group LLC now owns 6,961 shares of the communications equipment provider’s stock valued at $577,000 after buying an additional 62 shares in the last quarter. Mn Services Vermogensbeheer B.V. increased its position in shares of Motorola Solutions by 2.5% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 3,983 shares of the communications equipment provider’s stock valued at $321,000 after buying an additional 99 shares in the last quarter. Finally, Wetherby Asset Management Inc. increased its position in shares of Motorola Solutions by 2.9% in the fourth quarter. Wetherby Asset Management Inc. now owns 3,719 shares of the communications equipment provider’s stock valued at $309,000 after buying an additional 104 shares in the last quarter. 84.59% of the stock is currently owned by institutional investors and hedge funds.

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

Motorola Solutions Inc (NYSE:MSI) remained flat at $80.83 during trading on Friday. 1,571,938 shares of the stock were exchanged. The company has a market cap of $13.21 billion, a P/E ratio of 22.35 and a beta of 0.45. Motorola Solutions Inc has a 12 month low of $62.76 and a 12 month high of $87.69. The stock’s 50-day moving average price is $84.37 and its 200-day moving average price is $81.98.

Motorola Solutions (NYSE:MSI) last posted its quarterly earnings results on Thursday, May 4th. The communications equipment provider reported $0.64 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.50 by $0.14. Motorola Solutions had a net margin of 9.26% and a negative return on equity of 134.65%. The firm had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.25 billion. During the same period in the prior year, the firm posted $0.52 earnings per share. The company’s quarterly revenue was up 7.4% compared to the same quarter last year. On average, analysts expect that Motorola Solutions Inc will post $5.19 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 14th. Stockholders of record on Thursday, June 15th will be given a $0.47 dividend. This represents a $1.88 annualized dividend and a dividend yield of 2.33%. The ex-dividend date of this dividend is Tuesday, June 13th. Motorola Solutions’s payout ratio is presently 57.49%.

WARNING: “AMG Funds LLC Has $2.115 Million Stake in Motorola Solutions Inc (MSI)” was originally published by Chaffey Breeze and is the sole property of of Chaffey Breeze. If you are reading this report on another publication, it was copied illegally and republished in violation of United States and international trademark and copyright laws. The legal version of this report can be viewed at https://www.chaffeybreeze.com/2017/05/19/motorola-solutions-inc-msi-shares-sold-by-amg-funds-llc-updated.html.

MSI has been the subject of several research reports. BMO Capital Markets lifted their price objective on Motorola Solutions to $95.00 in a research report on Friday, February 3rd. Citigroup Inc upgraded Motorola Solutions from a “neutral” rating to a “buy” rating and set a $93.00 price target for the company in a report on Monday, January 23rd. Goldman Sachs Group Inc boosted their price target on Motorola Solutions from $89.00 to $94.00 and gave the company a “buy” rating in a report on Friday, February 3rd. Jefferies Group LLC upgraded Motorola Solutions from a “hold” rating to a “buy” rating and boosted their price target for the company from $75.00 to $100.00 in a report on Tuesday, March 21st. Finally, Zacks Investment Research upgraded Motorola Solutions from a “hold” rating to a “buy” rating and set a $92.00 price target for the company in a report on Wednesday, February 8th. Four analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $88.82.

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.

5 Day Chart for NYSE:MSI

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

Latest News

Leave a Reply