Motorola Solutions Inc (NYSE:MSI) SVP Rajan Naik sold 1,708 shares of the company’s stock in a transaction dated Thursday, May 23rd. The stock was sold at an average price of $150.83, for a total value of $257,617.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Shares of NYSE MSI opened at $166.54 on Thursday. Motorola Solutions Inc has a 52-week low of $108.25 and a 52-week high of $166.85. The company has a market cap of $27.00 billion, a price-to-earnings ratio of 24.38, a PEG ratio of 2.89 and a beta of 0.52.
Motorola Solutions (NYSE:MSI) last announced its quarterly earnings data on Thursday, May 2nd. The communications equipment provider reported $1.28 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.08 by $0.20. Motorola Solutions had a negative return on equity of 91.61% and a net margin of 13.29%. The firm had revenue of $1.66 billion for the quarter, compared to analysts’ expectations of $1.62 billion. During the same quarter in the prior year, the firm posted $1.10 earnings per share. Motorola Solutions’s revenue for the quarter was up 12.9% compared to the same quarter last year. Equities research analysts expect that Motorola Solutions Inc will post 7.41 EPS for the current fiscal year.
Several research analysts recently commented on the company. Zacks Investment Research upgraded Motorola Solutions from a “hold” rating to a “buy” rating and set a $160.00 price target on the stock in a research note on Friday, May 10th. Raymond James set a $160.00 price target on Motorola Solutions and gave the stock a “buy” rating in a research note on Friday, May 3rd. MKM Partners boosted their price target on Motorola Solutions to $143.00 and gave the stock a “neutral” rating in a research note on Monday, May 6th. BTIG Research boosted their price target on Motorola Solutions from $137.00 to $170.00 and gave the stock a “buy” rating in a research note on Tuesday, April 2nd. Finally, TheStreet upgraded Motorola Solutions from a “c+” rating to a “b-” rating in a research note on Tuesday, February 26th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and twelve have assigned a buy rating to the company. Motorola Solutions has an average rating of “Buy” and a consensus price target of $139.39.
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. BlackRock Inc. raised its stake in Motorola Solutions by 0.5% during the fourth quarter. BlackRock Inc. now owns 18,635,987 shares of the communications equipment provider’s stock valued at $2,143,884,000 after buying an additional 95,399 shares in the last quarter. Vanguard Group Inc raised its position in shares of Motorola Solutions by 1.7% during the 3rd quarter. Vanguard Group Inc now owns 17,158,918 shares of the communications equipment provider’s stock worth $2,233,062,000 after purchasing an additional 280,698 shares during the period. Neuberger Berman Group LLC raised its position in shares of Motorola Solutions by 2.4% during the 1st quarter. Neuberger Berman Group LLC now owns 5,713,647 shares of the communications equipment provider’s stock worth $802,310,000 after purchasing an additional 134,923 shares during the period. OppenheimerFunds Inc. raised its position in shares of Motorola Solutions by 1.2% during the 1st quarter. OppenheimerFunds Inc. now owns 4,465,388 shares of the communications equipment provider’s stock worth $627,029,000 after purchasing an additional 52,720 shares during the period. Finally, Oregon Public Employees Retirement Fund raised its position in shares of Motorola Solutions by 10,544.5% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 4,378,307 shares of the communications equipment provider’s stock worth $38,000 after purchasing an additional 4,337,175 shares during the period. Hedge funds and other institutional investors own 85.83% of the company’s stock.
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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