Comgest Global Investors S.A.S. Takes Position in Motorola Solutions, Inc. $MSI

Comgest Global Investors S.A.S. purchased a new position in shares of Motorola Solutions, Inc. (NYSE:MSI) in the 3rd quarter, Holdings Channel reports. The fund purchased 19,226 shares of the communications equipment provider’s stock, valued at approximately $8,792,000.

Several other hedge funds have also recently bought and sold shares of the company. Orion Capital Management LLC acquired a new stake in shares of Motorola Solutions in the third quarter valued at approximately $25,000. United Community Bank grew its holdings in Motorola Solutions by 81.3% in the 3rd quarter. United Community Bank now owns 58 shares of the communications equipment provider’s stock worth $27,000 after buying an additional 26 shares in the last quarter. Whipplewood Advisors LLC increased its position in Motorola Solutions by 289.5% in the 2nd quarter. Whipplewood Advisors LLC now owns 74 shares of the communications equipment provider’s stock valued at $31,000 after acquiring an additional 55 shares during the period. Halbert Hargrove Global Advisors LLC bought a new stake in Motorola Solutions during the 3rd quarter valued at $33,000. Finally, Field & Main Bank bought a new stake in Motorola Solutions during the 3rd quarter valued at $35,000. 84.17% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

MSI has been the subject of several recent analyst reports. Barclays increased their price target on Motorola Solutions from $495.00 to $506.00 and gave the stock an “overweight” rating in a research note on Thursday, February 12th. Piper Sandler reaffirmed an “overweight” rating and issued a $499.00 price objective (up previously from $443.00) on shares of Motorola Solutions in a report on Thursday, February 12th. JPMorgan Chase & Co. raised their target price on shares of Motorola Solutions from $515.00 to $520.00 and gave the company an “overweight” rating in a research note on Thursday, February 12th. Morgan Stanley restated an “overweight” rating and set a $470.00 price target on shares of Motorola Solutions in a research report on Thursday, February 12th. Finally, Weiss Ratings cut shares of Motorola Solutions from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, February 11th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $497.14.

Motorola Solutions Price Performance

Shares of NYSE:MSI opened at $451.28 on Thursday. The company has a debt-to-equity ratio of 3.47, a quick ratio of 0.87 and a current ratio of 1.04. Motorola Solutions, Inc. has a one year low of $359.36 and a one year high of $492.22. The company has a market capitalization of $74.76 billion, a PE ratio of 35.37, a price-to-earnings-growth ratio of 3.43 and a beta of 1.00. The stock has a fifty day moving average of $397.20 and a 200-day moving average of $421.66.

Motorola Solutions (NYSE:MSI) last issued its quarterly earnings results on Wednesday, February 11th. The communications equipment provider reported $4.59 earnings per share for the quarter, topping analysts’ consensus estimates of $4.35 by $0.24. Motorola Solutions had a return on equity of 110.75% and a net margin of 18.44%.The firm had revenue of $3.38 billion for the quarter, compared to analysts’ expectations of $3.34 billion. During the same quarter last year, the business posted $4.04 EPS. Motorola Solutions’s revenue was up 12.3% on a year-over-year basis. As a group, equities analysts anticipate that Motorola Solutions, Inc. will post 13.55 EPS for the current fiscal year.

About Motorola Solutions

Motorola Solutions, Inc is a provider of mission-critical communications and analytics solutions for public safety and commercial customers. The company designs, manufactures and supports a range of communications equipment and software aimed at enabling first responders, government agencies and enterprises to coordinate and operate reliably in high-pressure environments. Its offerings emphasize secure, resilient connectivity and situational awareness for organizations that require dependable voice, data and video communications.

Product lines include land mobile radio (LMR) systems and handheld and vehicle-mounted radios used by police, fire and emergency medical services; broadband push-to-talk and LTE-based solutions; command-and-control center software for incident management and records; and video security and analytics systems.