Dai Ichi Life Insurance Company Ltd Sells 5,712 Shares of Motorola Solutions, Inc. (MSI)

Dai Ichi Life Insurance Company Ltd lessened its holdings in shares of Motorola Solutions, Inc. (NYSE:MSI) by 52.9% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 5,076 shares of the communications equipment provider’s stock after selling 5,712 shares during the period. Dai Ichi Life Insurance Company Ltd’s holdings in Motorola Solutions were worth $440,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of MSI. Iat Reinsurance Co. LTD. acquired a new position in shares of Motorola Solutions during the first quarter worth $123,000. Mckinley Capital Management LLC Delaware acquired a new position in shares of Motorola Solutions during the first quarter worth $135,000. Exane Derivatives lifted its holdings in shares of Motorola Solutions by 163.6% during the second quarter. Exane Derivatives now owns 1,613 shares of the communications equipment provider’s stock worth $140,000 after purchasing an additional 1,001 shares during the period. Smithfield Trust Co. lifted its holdings in shares of Motorola Solutions by 2.7% during the second quarter. Smithfield Trust Co. now owns 2,003 shares of the communications equipment provider’s stock worth $173,000 after purchasing an additional 53 shares during the period. Finally, Private Advisor Group LLC acquired a new position in shares of Motorola Solutions during the first quarter worth $202,000. Institutional investors own 87.70% of the company’s stock.

Motorola Solutions, Inc. (NYSE MSI) opened at 85.48 on Friday. Motorola Solutions, Inc. has a 12-month low of $71.24 and a 12-month high of $93.75. The firm has a market cap of $13.90 billion, a price-to-earnings ratio of 22.54 and a beta of 0.33. The company has a 50-day moving average of $87.73 and a 200 day moving average of $85.72.

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

The company also recently declared a quarterly dividend, which will be paid on Friday, October 13th. Shareholders of record on Friday, September 15th will be given a dividend of $0.47 per share. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $1.88 annualized dividend and a yield of 2.20%. Motorola Solutions’s payout ratio is currently 49.60%.

A number of equities analysts have recently commented on the stock. Zacks Investment Research upgraded shares of Motorola Solutions from a “hold” rating to a “buy” rating and set a $96.00 price target on the stock in a report on Thursday. Jefferies Group LLC reiterated a “buy” rating on shares of Motorola Solutions in a report on Thursday, August 31st. ValuEngine lowered shares of Motorola Solutions from a “buy” rating to a “hold” rating in a report on Tuesday, August 22nd. Finally, Cowen and Company reiterated a “market perform” rating and set a $83.00 price target (up previously from $75.00) on shares of Motorola Solutions in a report on Wednesday, August 9th. Four analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $94.08.

In other Motorola Solutions news, EVP Eduardo F. Conrado sold 6,998 shares of the stock in a transaction on Tuesday, August 8th. The shares were sold at an average price of $89.13, for a total transaction 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Bruce W. Brda sold 25,299 shares of the stock in a transaction on Monday, August 7th. The shares were sold at an average price of $89.11, for a total transaction of $2,254,393.89. Following the sale, the executive vice president now directly owns 23,829 shares of the company’s stock, valued at approximately $2,123,402.19. The disclosure for this sale can be found here. Corporate insiders own 2.50% of the company’s stock.

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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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