Russell Investments Group Ltd. increased its stake in shares of Motorola Solutions, Inc. (NYSE:MSI) by 9.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 244,613 shares of the communications equipment provider’s stock after buying an additional 21,535 shares during the period. Russell Investments Group Ltd. owned 0.15% of Motorola Solutions worth $21,217,000 at the end of the most recent reporting period.
Several other institutional investors have also bought and sold shares of the company. Cleararc Capital Inc. raised its position in Motorola Solutions by 0.5% in the first quarter. Cleararc Capital Inc. now owns 4,046 shares of the communications equipment provider’s stock worth $349,000 after buying an additional 22 shares during the last quarter. Signaturefd LLC raised its position in Motorola Solutions by 1.3% in the first quarter. Signaturefd LLC now owns 3,317 shares of the communications equipment provider’s stock worth $286,000 after buying an additional 42 shares during the last quarter. Capital Investment Advisors LLC raised its position in Motorola Solutions by 1.5% in the second quarter. Capital Investment Advisors LLC now owns 3,091 shares of the communications equipment provider’s stock worth $268,000 after buying an additional 46 shares during the last quarter. Mason Street Advisors LLC raised its position in Motorola Solutions by 0.3% in the first quarter. Mason Street Advisors LLC now owns 22,766 shares of the communications equipment provider’s stock worth $1,963,000 after buying an additional 63 shares during the last quarter. Finally, Keybank National Association OH raised its position in Motorola Solutions by 1.5% in the first quarter. Keybank National Association OH now owns 5,403 shares of the communications equipment provider’s stock worth $466,000 after buying an additional 81 shares during the last quarter. Institutional investors and hedge funds own 87.62% of the company’s stock.
Motorola Solutions, Inc. (NYSE:MSI) opened at 87.13 on Friday. The company has a market cap of $14.17 billion, a PE ratio of 22.98 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 company has a 50-day moving average of $88.90 and a 200 day moving average of $84.71.
Motorola Solutions (NYSE:MSI) last issued its quarterly earnings results on Thursday, August 3rd. The communications equipment provider reported $1.06 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.99 by $0.07. The company had revenue of $1.50 billion during the quarter, compared to analyst estimates of $1.46 billion. Motorola Solutions had a net margin of 10.38% and a negative return on equity of 93.44%. Motorola Solutions’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same period last year, the business earned $1.03 EPS. Equities research analysts predict that Motorola Solutions, Inc. will post $5.29 EPS for the current year.
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MSI has been the topic of a number of recent research reports. BMO Capital Markets lifted their target price on Motorola Solutions from $95.00 to $102.00 and gave the stock an “outperform” rating in a research report on Friday, August 4th. BidaskClub raised Motorola Solutions from a “hold” rating to a “buy” rating in a research report on Tuesday, June 27th. Zacks Investment Research downgraded Motorola Solutions from a “buy” rating to a “sell” rating in a research report on Tuesday, August 1st. Cowen and Company decreased their price objective on Motorola Solutions from $77.00 to $75.00 and set a “market perform” rating on the stock in a report on Friday, May 5th. Finally, Credit Suisse Group lifted their price objective on Motorola Solutions from $90.00 to $95.00 and gave the company an “outperform” rating in a report on Monday, May 15th. Four investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $94.33.
In other Motorola Solutions news, EVP Eduardo F. Conrado sold 6,998 shares of the firm’s stock in a transaction dated Tuesday, August 8th. The shares were sold at an average price of $89.13, for a total transaction 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 transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Bruce W. Brda sold 25,299 shares of the firm’s stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $89.11, for a total transaction of $2,254,393.89. Following 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. 2.50% of the stock is currently owned by company insiders.
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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