Valueact Holdings Lowers stake in Motorola Solutions Inc (MSI)

Motorola Solutions Inc (MSI) : Valueact Holdings reduced its stake in Motorola Solutions Inc by 53.3% during the most recent quarter end. The investment management company now holds a total of 8,213,576 shares of Motorola Solutions Inc which is valued at $612,239,955 after selling 9,375,000 shares in Motorola Solutions Inc , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.Motorola Solutions Inc makes up approximately 5.90% of Valueact Holdings’s portfolio.

Other Hedge Funds, Including , Legg Mason Asset Management (japan) Ltd. added MSI to its portfolio by purchasing 8,300 company shares during the most recent quarter which is valued at $618,682. Motorola Solutions Inc makes up approx 0.63% of Legg Mason Asset Management (japan) Ltd.’s portfolio.Frontier Wealth Management boosted its stake in MSI in the latest quarter, The investment management firm added 5,493 additional shares and now holds a total of 18,275 shares of Motorola Solutions Inc which is valued at $1,362,219. Motorola Solutions Inc makes up approx 0.19% of Frontier Wealth Management’s portfolio. Massmutual Trust Co Fsbadv sold out all of its stake in MSI during the most recent quarter. The investment firm sold 107 shares of MSI which is valued $7,976.Ropes Wealth Advisors boosted its stake in MSI in the latest quarter, The investment management firm added 220 additional shares and now holds a total of 224 shares of Motorola Solutions Inc which is valued at $16,916. Motorola Solutions Inc makes up approx 0.01% of Ropes Wealth Advisors’s portfolio.Spc Financial reduced its stake in MSI by selling 430 shares or 0.92% in the most recent quarter. The Hedge Fund company now holds 46,220 shares of MSI which is valued at $3,154,515. Motorola Solutions Inc makes up approx 1.10% of Spc Financial’s portfolio.

Motorola Solutions Inc closed down -0.19 points or -0.25% at $76.8 with 15,62,726 shares getting traded on Thursday. Post opening the session at $76.96, the shares hit an intraday low of $76.05 and an intraday high of $77.02 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

On the company’s financial health, Motorola Solutions Inc reported $1.03 EPS for the quarter, beating the analyst consensus estimate by $ 0.16 according to the earnings call on Aug 4, 2016. Analyst had a consensus of $0.87. The company had revenue of $1430.00 million for the quarter, compared to analysts expectations of $1397.99 million. The company’s revenue was up 4.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.68 EPS.

Investors should note that on Aug 18, 2016, Motorola Solutions Inc announced a cash dividend of $0.4100. The company’s management has announced Sep 13, 2016 as the ex-dividend date and fixed the record date on Sep 15, 2016. The payable date has been fixed on Oct 14, 2016.

Many Wall Street Analysts have commented on Motorola Solutions Inc. Motorola Solutions Inc was Initiated by Citigroup to “Neutral” on Jun 20, 2016.

Motorola Solutions Inc. provides communication infrastructure devices accessories software and services. The Company operates business in two segments: Products and Services. The Products segment offers a portfolio of infrastructure devices accessories and software. The primary customers of the Products segment are Government public safety and first-responder agencies municipalities and commercial and industrial customers. The Products segment has two principal product lines: devices and systems. The Services segment provides a set of service offerings for Government public safety and commercial communication networks. The Services segment has the following principal product lines: Integration services Lifecycle Support services Managed services Smart Public Safety Solutions and Integrated Digital Enhanced Network (iDEN) services. The Company serves customers in more than 100 countries.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *