Motorola Solutions Inc (NYSE:MSI) EVP Mark S. Hacker sold 19,700 shares of the business’s stock in a transaction that occurred on Tuesday, January 9th. The stock was sold at an average price of $93.00, for a total value of $1,832,100.00. Following the completion of the sale, the executive vice president now owns 28,685 shares of the company’s stock, valued at approximately $2,667,705. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.
Shares of Motorola Solutions Inc (NYSE:MSI) traded up $1.17 during mid-day trading on Thursday, reaching $93.55. The company’s stock had a trading volume of 812,028 shares, compared to its average volume of 1,030,000. The company has a quick ratio of 1.16, a current ratio of 1.30 and a debt-to-equity ratio of -5.41. Motorola Solutions Inc has a 12-month low of $76.92 and a 12-month high of $95.30. The company has a market capitalization of $15,160.00, a P/E ratio of 23.93, a P/E/G ratio of 3.88 and a beta of 0.35.
Motorola Solutions (NYSE:MSI) last announced its quarterly earnings data on Thursday, November 2nd. The communications equipment provider reported $1.53 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.40 by $0.13. Motorola Solutions had a negative return on equity of 92.09% and a net margin of 10.51%. The firm had revenue of $1.65 billion during the quarter, compared to the consensus estimate of $1.58 billion. During the same quarter in the previous year, the company posted $1.37 earnings per share. The business’s revenue was up 7.4% on a year-over-year basis. equities analysts forecast that Motorola Solutions Inc will post 5.13 EPS for the current year.
A number of hedge funds have recently made changes to their positions in MSI. Pacer Advisors Inc. lifted its position in Motorola Solutions by 8.1% in the second quarter. Pacer Advisors Inc. now owns 3,473 shares of the communications equipment provider’s stock valued at $301,000 after purchasing an additional 261 shares during the last quarter. Oppenheimer & Co. Inc. lifted its position in Motorola Solutions by 1.6% in the second quarter. Oppenheimer & Co. Inc. now owns 4,569 shares of the communications equipment provider’s stock valued at $396,000 after purchasing an additional 73 shares during the last quarter. JPMorgan Chase & Co. lifted its position in Motorola Solutions by 111.3% in the second quarter. JPMorgan Chase & Co. now owns 686,510 shares of the communications equipment provider’s stock valued at $59,548,000 after purchasing an additional 361,621 shares during the last quarter. Schroder Investment Management Group lifted its position in Motorola Solutions by 50.2% in the second quarter. Schroder Investment Management Group now owns 37,620 shares of the communications equipment provider’s stock valued at $3,265,000 after purchasing an additional 12,566 shares during the last quarter. Finally, CIBC World Markets Inc. increased its stake in shares of Motorola Solutions by 33.0% during the second quarter. CIBC World Markets Inc. now owns 8,880 shares of the communications equipment provider’s stock valued at $770,000 after buying an additional 2,204 shares during the period. Hedge funds and other institutional investors own 87.78% of the company’s stock.
A number of research firms recently weighed in on MSI. Zacks Investment Research downgraded Motorola Solutions from a “buy” rating to a “hold” rating in a research report on Monday. ValuEngine downgraded Motorola Solutions from a “buy” rating to a “hold” rating in a research report on Wednesday, November 15th. Jefferies Group boosted their target price on Motorola Solutions from $105.00 to $110.00 and gave the stock a “buy” rating in a research report on Friday, November 3rd. Finally, Cleveland Research upgraded Motorola Solutions from a “neutral” rating to a “buy” rating in a research report on Friday, October 6th. Five investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Motorola Solutions currently has a consensus rating of “Buy” and an average target price of $95.08.
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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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