Meeder Asset Management Inc. reduced its stake in shares of Motorola Solutions Inc (NYSE:MSI) by 21.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,646 shares of the communications equipment provider’s stock after selling 3,371 shares during the period. Meeder Asset Management Inc.’s holdings in Motorola Solutions were worth $2,107,000 as of its most recent SEC filing.
Other hedge funds also recently made changes to their positions in the company. Reilly Financial Advisors LLC lifted its holdings in shares of Motorola Solutions by 386.0% during the 1st quarter. Reilly Financial Advisors LLC now owns 418 shares of the communications equipment provider’s stock worth $28,000 after acquiring an additional 332 shares during the period. Institutional & Family Asset Management LLC increased its position in Motorola Solutions by 100.0% during the 1st quarter. Institutional & Family Asset Management LLC now owns 200 shares of the communications equipment provider’s stock worth $28,000 after purchasing an additional 100 shares in the last quarter. Hexavest Inc. acquired a new stake in Motorola Solutions during the 2nd quarter worth approximately $30,000. Icon Wealth Partners LLC acquired a new stake in Motorola Solutions during the 1st quarter worth approximately $36,000. Finally, Berman Capital Advisors LLC increased its position in Motorola Solutions by 60.2% during the 1st quarter. Berman Capital Advisors LLC now owns 274 shares of the communications equipment provider’s stock worth $38,000 after purchasing an additional 103 shares in the last quarter. Institutional investors and hedge funds own 85.77% of the company’s stock.
In other news, CFO Gino A. Bonanotte sold 49,554 shares of the firm’s stock in a transaction that occurred on Tuesday, June 4th. The shares were sold at an average price of $156.86, for a total transaction of $7,773,040.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Rajan Naik sold 1,708 shares of the firm’s stock in a transaction that occurred on Thursday, May 23rd. The stock was sold at an average price of $150.83, for a total transaction of $257,617.64. The disclosure for this sale can be found here. Insiders sold 704,292 shares of company stock valued at $120,725,479 in the last ninety days. 2.99% of the stock is owned by corporate insiders.
NYSE:MSI traded down $0.60 during trading hours on Tuesday, hitting $176.27. The stock had a trading volume of 5,904 shares, compared to its average volume of 947,009. Motorola Solutions Inc has a 1-year low of $108.25 and a 1-year high of $179.14. The business has a 50 day simple moving average of $171.23 and a two-hundred day simple moving average of $151.72. The company has a market cap of $28.69 billion, a PE ratio of 25.84, a price-to-earnings-growth ratio of 3.08 and a beta of 0.56.
Motorola Solutions (NYSE:MSI) last issued its quarterly earnings data on Thursday, August 1st. The communications equipment provider reported $1.69 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.52 by $0.17. Motorola Solutions had a net margin of 13.47% and a negative return on equity of 105.22%. The company had revenue of $1.86 billion during the quarter, compared to the consensus estimate of $1.84 billion. During the same quarter last year, the company earned $1.46 earnings per share. Motorola Solutions’s revenue for the quarter was up 5.7% on a year-over-year basis. As a group, equities research analysts expect that Motorola Solutions Inc will post 7.35 earnings per share for the current fiscal year.
A number of analysts recently issued reports on the stock. JPMorgan Chase & Co. increased their target price on shares of Motorola Solutions from $136.00 to $150.00 and gave the stock an “underweight” rating in a research report on Wednesday, July 24th. Raymond James increased their target price on shares of Motorola Solutions from $160.00 to $182.00 and gave the stock an “outperform” rating in a research report on Friday, August 2nd. Northcoast Research downgraded shares of Motorola Solutions from a “buy” rating to a “neutral” rating and set a $171.53 target price for the company. in a research report on Wednesday, July 17th. Citigroup increased their target price on shares of Motorola Solutions from $170.00 to $190.00 and gave the stock a “buy” rating in a research report on Friday, August 2nd. Finally, Barclays assumed coverage on shares of Motorola Solutions in a research report on Wednesday, August 7th. They set an “overweight” rating and a $195.00 target price for the company. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and ten have assigned a buy rating to the company. Motorola Solutions presently has an average rating of “Buy” and a consensus target price of $158.00.
Motorola Solutions Company Profile
Motorola Solutions, Inc provides mission-critical communication solutions the United States, the United Kingdom, Canada, and internationally. The company operates in two segments, Products and Systems Integration, and Services and Software. The Products and Systems Integration segment offers a portfolio of infrastructure, devices, accessories, and video solutions, as well as the implementation, optimization, and integration of networks, devices, software, and applications for government, public safety and first-responder agencies, municipalities, and commercial and industrial customers.
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