Rafferty Asset Management LLC has recently decreased its stake in Motorola Solutions, Inc. by 9.7% in the third quarter, according to a recent disclosure with the Securities and Exchange Commission (SEC). The company now owns 43,787 shares of the communications equipment provider’s stock after selling 4,681 shares during the quarter. The value of Rafferty Asset Management LLC’s holdings in Motorola Solutions is estimated to be worth $11,921,000.
In addition to Rafferty Asset Management, other institutional investors and hedge funds have also made changes to their positions in Motorola Solutions. Prudential PLC increased its holdings in the company by 13.6% during the third quarter, while Kestra Advisory Services LLC boosted its holdings by 12.5%. Johnson Investment Counsel Inc. and DekaBank Deutsche Girozentrale also modified their holdings, with the former seeing a 0.5% increase and the latter seeing a 1.7% increase. SPC Financial Inc. rounded out the list of institutional investors with a 0.4% increase in their holdings.
While the decrease in Rafferty Asset Management’s position may raise some eyebrows, it is important to consider the overall performance of Motorola Solutions. The company recently beat analysts’ expectations by reporting an EPS of $3.90 for the quarter, surpassing the consensus estimate of $3.63. Additionally, the company’s revenue was up 5.2% compared to the same quarter last year.
Although the stock is currently trading down 1.1%, it is worth noting that several equities analysts have issued buy ratings for Motorola Solutions. StockNews.com upgraded the stock from a “hold” to a “buy” rating, while Barclays increased their target price from $333.00 to $352.00. William Blair also reiterated their “outperform” rating on the stock. With a consensus rating of “Moderate Buy” and an average price target of $328.29, it seems that analysts are optimistic about Motorola Solutions’ future prospects.
In conclusion, while Rafferty Asset Management has reduced its position in Motorola Solutions, the company’s strong quarterly performance and positive ratings from analysts indicate that there may be continued growth potential for the stock.
FAQ
Q: Who recently decreased its stake in Motorola Solutions?
A: Rafferty Asset Management LLC.
Q: By how much did Rafferty Asset Management LLC decrease its stake in Motorola Solutions?
A: Rafferty Asset Management LLC decreased its stake by 9.7% in the third quarter.
Q: How many shares of Motorola Solutions’ stock does Rafferty Asset Management LLC now own?
A: Rafferty Asset Management LLC currently owns 43,787 shares of Motorola Solutions’ stock.
Q: What is the estimated value of Rafferty Asset Management LLC’s holdings in Motorola Solutions?
A: The estimated value of Rafferty Asset Management LLC’s holdings in Motorola Solutions is $11,921,000.
Q: Which other institutional investors and hedge funds made changes to their positions in Motorola Solutions?
A: Prudential PLC, Kestra Advisory Services LLC, Johnson Investment Counsel Inc., DekaBank Deutsche Girozentrale, and SPC Financial Inc.
Q: By how much did Prudential PLC increase its holdings in Motorola Solutions?
A: Prudential PLC increased its holdings by 13.6% during the third quarter.
Q: By how much did Kestra Advisory Services LLC boost its holdings in Motorola Solutions?
A: Kestra Advisory Services LLC boosted its holdings by 12.5%.
Q: How did Johnson Investment Counsel Inc. modify its holdings in Motorola Solutions?
A: Johnson Investment Counsel Inc. increased its holdings by 0.5%.
Q: How did DekaBank Deutsche Girozentrale modify its holdings in Motorola Solutions?
A: DekaBank Deutsche Girozentrale increased its holdings by 1.7%.
Q: How did SPC Financial Inc. modify its holdings in Motorola Solutions?
A: SPC Financial Inc. increased its holdings by 0.4%.
Q: What was the company’s EPS for the quarter?
A: The company reported an EPS of $3.90 for the quarter.
Q: What was the consensus estimate for the company’s EPS?
A: The consensus estimate for the company’s EPS was $3.63.
Q: How did the company’s revenue compare to the same quarter last year?
A: The company’s revenue was up 5.2% compared to the same quarter last year.
Q: What is the current trading status of Motorola Solutions’ stock?
A: The stock is currently trading down 1.1%.
Q: What ratings have equities analysts issued for Motorola Solutions?
A: Several equities analysts have issued buy ratings for Motorola Solutions.
Q: Which entity upgraded the stock rating from “hold” to “buy”?
A: StockNews.com upgraded the stock from a “hold” to a “buy” rating.
Q: What is Barclays’ target price for Motorola Solutions?
A: Barclays increased their target price from $333.00 to $352.00.
Q: What rating did William Blair give to the stock?
A: William Blair reiterated their “outperform” rating on the stock.
Q: What is the consensus rating for Motorola Solutions?
A: The consensus rating is “Moderate Buy”.
Q: What is the average price target for Motorola Solutions?
A: The average price target is $328.29.
Definitions
– Rafferty Asset Management LLC: An investment management company that recently decreased its stake in Motorola Solutions.
– Motorola Solutions, Inc.: A communications equipment provider.
– SEC (Securities and Exchange Commission): A government agency responsible for protecting investors, maintaining fair and efficient markets, and facilitating capital formation.
– EPS (Earnings Per Share): A financial metric that represents a company’s earnings divided by the number of outstanding shares.
– Institutional investors: Organizations that pool money to invest in diversified portfolios on behalf of others.
– Hedge funds: Investment funds that use alternative strategies to seek high returns.
– Prudential PLC: An international financial services organization.
– Kestra Advisory Services LLC: A wealth management firm.
– Johnson Investment Counsel Inc.: An investment advisory firm.
– DekaBank Deutsche Girozentrale: A German bank.
– SPC Financial Inc.: An investment management firm.
– Consensus estimate: The average forecast or prediction based on a collection of opinions or estimates.
– Equities analysts: Professionals who analyze and evaluate stocks and financial markets.
– StockNews.com: A website providing news and analysis on stocks and financial markets.
– Barclays: A multinational investment bank and financial services company.
– William Blair: A global investment banking and asset management firm.
Suggested Related Links
– Motorola Solutions
– Securities and Exchange Commission
The source of the article is from the blog coletivometranca.com.br