Today: Ancora Inverness LLC decides to keep it stake in Motorola Solutions Inc. (MSI) to the level of $307,000

Today: Ancora Inverness LLC decides to keep it stake in Motorola Solutions Inc. (MSI) to the level of $307,000

Ancora Inverness LLC maintained its position in Motorola Solutions Inc. (NYSE:MSI) during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 4,024 shares of the company’s stock at the end of the third quarter. Ancora Inverness LLC’s holdings in Motorola Solutions were worth $307,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the stock. American Century Companies Inc. raised its position in Motorola Solutions by 84.2% in the second quarter. American Century Companies Inc. now owns 52,951 shares of the company’s stock valued at $3,493,000 after buying an additional 24,209 shares in the last quarter. Vanguard Group Inc. raised its position in Motorola Solutions by 26.3% in the second quarter. Vanguard Group Inc. now owns 12,381,540 shares of the company’s stock valued at $816,811,000 after buying an additional 2,580,735 shares in the last quarter. Nordea Investment Management AB raised its position in Motorola Solutions by 4.9% in the second quarter. Nordea Investment Management AB now owns 5,261 shares of the company’s stock valued at $347,000 after buying an additional 248 shares in the last quarter. Sadoff Investment Management LLC raised its position in Motorola Solutions by 0.5% in the third quarter. Sadoff Investment Management LLC now owns 418,546 shares of the company’s stock valued at $31,927,000 after buying an additional 2,175 shares in the last quarter. Finally, Chevy Chase Trust Holdings Inc. raised its position in Motorola Solutions by 2.5% in the third quarter. Chevy Chase Trust Holdings Inc. now owns 139,754 shares of the company’s stock valued at $10,660,000 after buying an additional 3,396 shares in the last quarter. 84.05% of the stock is currently owned by institutional investors.

Motorola Solutions Inc. (NYSE:MSI) traded down 0.16% during midday trading on Monday, hitting $80.85. 125,250 shares of the stock traded hands. Motorola Solutions Inc. has a 52-week low of $59.13 and a 52-week high of $82.20. The firm’s 50-day moving average is $76.07 and its 200-day moving average is $72.58. The company has a market cap of $13.42 billion, a price-to-earnings ratio of 23.86 and a beta of 0.40.

Motorola Solutions (NYSE:MSI) last announced its quarterly earnings results on Thursday, November 3rd. The company reported $1.37 earnings per share for the quarter, topping the consensus estimate of $1.20 by $0.17. Motorola Solutions had a net margin of 10.19% and a negative return on equity of 190.73%. The company had revenue of $1.53 billion for the quarter, compared to analysts’ expectations of $1.52 billion. During the same quarter in the previous year, the business posted $0.82 earnings per share. Motorola Solutions’s quarterly revenue was up 7.7% on a year-over-year basis. Analysts predict that Motorola Solutions Inc. will post $4.77 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 13th. Investors of record on Thursday, December 15th will be given a $0.47 dividend. This represents a $1.88 annualized dividend and a yield of 2.32%. The ex-dividend date is Tuesday, December 13th. This is a boost from Motorola Solutions’s previous quarterly dividend of $0.41. Motorola Solutions’s payout ratio is currently 48.09%.

Several equities analysts recently commented on MSI shares. Zacks Investment Research raised shares of Motorola Solutions from a “hold” rating to a “buy” rating and set a $87.00 target price on the stock in a report on Tuesday, November 8th. BMO Capital Markets raised shares of Motorola Solutions from a “market perform” rating to an “outperform” rating and increased their target price for the company from $72.00 to $84.00 in a report on Wednesday, October 12th. Jefferies Group reaffirmed a “hold” rating on shares of Motorola Solutions in a report on Friday, September 2nd. Credit Suisse Group AG reaffirmed a “buy” rating and set a $80.00 target price on shares of Motorola Solutions in a report on Friday, November 4th. Finally, Deutsche Bank AG set a $68.00 target price on shares of Motorola Solutions and gave the company a “hold” rating in a report on Friday, August 5th. Nine investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $75.21.

In related news, EVP Bruce W. Brda sold 10,416 shares of the business’s stock in a transaction on Tuesday, September 6th. The shares were sold at an average price of $77.99, for a total value of $812,343.84. Following the sale, the executive vice president now owns 25,703 shares in the company, valued at $2,004,576.97. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 2.55% of the stock is currently owned by corporate insiders.

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. Its Products segment offers a portfolio of infrastructure, devices, accessories and software. The Products segment has two product lines, including Devices and Systems.

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