Short Interest in Motorola Solutions, Inc. (NYSE:MSI) Declines By 22.9%

Motorola Solutions, Inc. (NYSE:MSIGet Rating) was the recipient of a large decline in short interest in the month of March. As of March 31st, there was short interest totalling 1,580,000 shares, a decline of 22.9% from the March 15th total of 2,050,000 shares. Based on an average daily volume of 984,500 shares, the short-interest ratio is currently 1.6 days. Currently, 1.0% of the shares of the company are sold short.

Shares of MSI stock traded down $2.87 during trading hours on Monday, reaching $230.32. 3,531 shares of the stock traded hands, compared to its average volume of 946,865. The business has a fifty day moving average price of $227.29 and a 200 day moving average price of $241.92. Motorola Solutions has a 1-year low of $184.54 and a 1-year high of $273.65. The firm has a market capitalization of $38.57 billion, a PE ratio of 32.57, a PEG ratio of 2.86 and a beta of 0.88.

Motorola Solutions (NYSE:MSIGet Rating) last announced its quarterly earnings data on Wednesday, February 9th. The communications equipment provider reported $2.66 EPS for the quarter, beating the Zacks’ consensus estimate of $2.56 by $0.10. Motorola Solutions had a net margin of 15.24% and a negative return on equity of 542.03%. The firm had revenue of $2.32 billion for the quarter, compared to the consensus estimate of $2.33 billion. During the same period in the previous year, the firm posted $2.73 earnings per share. As a group, analysts forecast that Motorola Solutions will post 9.07 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 14th. Investors of record on Tuesday, March 15th were given a dividend of $0.79 per share. This represents a $3.16 dividend on an annualized basis and a yield of 1.37%. The ex-dividend date was Monday, March 14th. Motorola Solutions’s payout ratio is presently 44.13%.

In other Motorola Solutions news, CEO Gregory Q. Brown sold 81,731 shares of the business’s stock in a transaction dated Thursday, March 3rd. The shares were sold at an average price of $221.92, for a total transaction of $18,137,743.52. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Gregory Q. Brown sold 100,000 shares of the business’s stock in a transaction dated Monday, March 7th. The stock was sold at an average price of $218.02, for a total transaction of $21,802,000.00. The disclosure for this sale can be found here. Insiders own 1.85% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. BlackRock Inc. grew its position in Motorola Solutions by 4.5% during the fourth quarter. BlackRock Inc. now owns 14,324,480 shares of the communications equipment provider’s stock valued at $3,891,960,000 after purchasing an additional 616,253 shares in the last quarter. Capital World Investors grew its position in Motorola Solutions by 2.7% in the fourth quarter. Capital World Investors now owns 10,153,849 shares of the communications equipment provider’s stock worth $2,758,801,000 after acquiring an additional 268,934 shares in the last quarter. State Street Corp grew its position in Motorola Solutions by 3.3% in the fourth quarter. State Street Corp now owns 7,436,180 shares of the communications equipment provider’s stock worth $2,026,120,000 after acquiring an additional 234,410 shares in the last quarter. Geode Capital Management LLC grew its position in Motorola Solutions by 4.0% in the fourth quarter. Geode Capital Management LLC now owns 3,117,405 shares of the communications equipment provider’s stock worth $844,840,000 after acquiring an additional 120,091 shares in the last quarter. Finally, Alliancebernstein L.P. grew its position in Motorola Solutions by 8.1% in the fourth quarter. Alliancebernstein L.P. now owns 2,947,725 shares of the communications equipment provider’s stock worth $800,897,000 after acquiring an additional 220,885 shares in the last quarter. 85.48% of the stock is currently owned by hedge funds and other institutional investors.

MSI has been the topic of a number of research reports. StockNews.com initiated coverage on shares of Motorola Solutions in a report on Thursday, March 31st. They issued a “hold” rating on the stock. Credit Suisse Group dropped their target price on shares of Motorola Solutions from $306.00 to $288.00 and set an “outperform” rating on the stock in a report on Thursday, February 10th. Morgan Stanley dropped their target price on shares of Motorola Solutions from $265.00 to $250.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 25th. Citigroup boosted their target price on shares of Motorola Solutions from $260.00 to $275.00 in a report on Thursday, February 10th. Finally, Barclays boosted their target price on shares of Motorola Solutions from $280.00 to $300.00 and gave the stock an “overweight” rating in a report on Thursday, February 10th. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $269.18.

About Motorola Solutions (Get Rating)

Motorola Solutions, Inc provides mission critical communications and analytics in the United States, the United Kingdom, Canada, and internationally. The company operates in two segments, Products and Systems Integration, and Software and Services. The Products and Systems Integration segment offers a portfolio of infrastructure, devices, accessories, and video security devices and infrastructure, as well as the implementation, and integration of systems, devices, software, and applications for government, public safety, and commercial customers who operate private communications networks and video security solutions, as well as manage a mobile workforce.

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