First Quadrant L P CA reduced its stake in shares of Motorola Solutions, Inc. (NYSE:MSI) by 29.1% during the second quarter, according to its most recent filing with the SEC. The firm owned 29,526 shares of the communications equipment provider’s stock after selling 12,100 shares during the period. First Quadrant L P CA’s holdings in Motorola Solutions were worth $2,561,000 at the end of the most recent quarter.
Several other institutional investors have also recently bought and sold shares of the company. Iat Reinsurance Co. LTD. bought a new stake in shares of Motorola Solutions during the first quarter valued at about $123,000. Mckinley Capital Management LLC Delaware bought a new stake in shares of Motorola Solutions during the first quarter valued at about $135,000. Exane Derivatives raised its stake in shares of Motorola Solutions by 163.6% in the second quarter. Exane Derivatives now owns 1,613 shares of the communications equipment provider’s stock valued at $140,000 after buying an additional 1,001 shares during the last quarter. Ropes Wealth Advisors LLC raised its stake in shares of Motorola Solutions by 30.8% in the first quarter. Ropes Wealth Advisors LLC now owns 2,130 shares of the communications equipment provider’s stock valued at $184,000 after buying an additional 502 shares during the last quarter. Finally, Private Advisor Group LLC bought a new stake in shares of Motorola Solutions during the first quarter valued at about $202,000. 87.62% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Motorola Solutions, Inc. (MSI) traded up 0.28% on Friday, hitting $87.37. 1,185,294 shares of the stock traded hands. The stock has a market cap of $14.21 billion, a P/E ratio of 23.04 and a beta of 0.32. Motorola Solutions, Inc. has a 52-week low of $71.24 and a 52-week high of $93.75. The stock’s 50 day moving average price is $88.91 and its 200 day moving average price is $84.75.
Motorola Solutions (NYSE:MSI) last announced its earnings results on Thursday, August 3rd. The communications equipment provider reported $1.06 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.99 by $0.07. Motorola Solutions had a negative return on equity of 93.44% and a net margin of 10.38%. The company had revenue of $1.50 billion for the quarter, compared to analyst estimates of $1.46 billion. During the same period in the prior year, the company posted $1.03 EPS. Motorola Solutions’s quarterly revenue was up 4.7% on a year-over-year basis. On average, equities analysts expect that Motorola Solutions, Inc. will post $5.29 EPS for the current fiscal year.
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MSI has been the subject of a number of research analyst reports. Gabelli raised shares of Motorola Solutions from a “hold” rating to a “buy” rating in a report on Monday, May 8th. Raymond James Financial, Inc. raised shares of Motorola Solutions from a “market perform” rating to an “outperform” rating and lifted their price objective for the stock from $62.76 to $95.00 in a report on Monday, May 22nd. They noted that the move was a valuation call. Citigroup Inc. reissued a “buy” rating and issued a $102.00 price target (up from $93.00) on shares of Motorola Solutions in a research note on Friday, May 5th. Cowen and Company lowered their price target on shares of Motorola Solutions from $77.00 to $75.00 and set a “market perform” rating for the company in a research note on Monday, May 15th. Finally, BMO Capital Markets reissued a “buy” rating on shares of Motorola Solutions in a research note on Friday, June 23rd. Four equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $94.33.
In other news, EVP Eduardo F. Conrado sold 6,998 shares of the business’s stock in a transaction that occurred on Tuesday, August 8th. The stock was sold at an average price of $89.13, for a total value of $623,731.74. Following the completion of the sale, the executive vice president now directly owns 22,858 shares in the company, valued at approximately $2,037,333.54. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Bruce W. Brda sold 25,299 shares of the business’s stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $89.11, for a total value of $2,254,393.89. Following the completion of the sale, the executive vice president now owns 23,829 shares of the company’s stock, valued at $2,123,402.19. The disclosure for this sale can be found here. Corporate insiders own 2.50% of the company’s stock.
Motorola Solutions Company Profile
Motorola Solutions, Inc is a provider of communication infrastructure, devices, accessories, software and services. The Company operates through two segments: Products and Services. The Company’s Products segment offers a portfolio of infrastructure, devices, accessories and software. The Products segment has two product lines: Devices and Systems.
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