Motorola Solutions Inc (NYSE:MSI) CEO Cynthia Yazdi sold 735 shares of the firm’s stock in a transaction dated Tuesday, November 6th. The shares were sold at an average price of $124.70, for a total value of $91,654.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.
MSI traded down $0.15 during midday trading on Friday, reaching $129.44. 26,127 shares of the company were exchanged, compared to its average volume of 987,907. Motorola Solutions Inc has a one year low of $89.18 and a one year high of $131.48. The stock has a market cap of $20.59 billion, a P/E ratio of 24.87, a price-to-earnings-growth ratio of 1.97 and a beta of 0.46.
Motorola Solutions (NYSE:MSI) last issued its earnings results on Thursday, November 1st. The communications equipment provider reported $1.94 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.72 by $0.22. Motorola Solutions had a negative return on equity of 68.88% and a negative net margin of 0.44%. The firm had revenue of $1.86 billion for the quarter, compared to analysts’ expectations of $1.87 billion. During the same quarter last year, the business earned $1.53 earnings per share. The company’s revenue was up 13.2% compared to the same quarter last year. Equities analysts expect that Motorola Solutions Inc will post 6.66 earnings per share for the current fiscal year.
Several research firms recently issued reports on MSI. Deutsche Bank raised their price target on Motorola Solutions from $135.00 to $140.00 and gave the company a “buy” rating in a report on Monday. Gabelli cut Motorola Solutions from a “buy” rating to a “hold” rating in a report on Monday. They noted that the move was a valuation call. Citigroup decreased their price target on Motorola Solutions from $146.00 to $145.00 and set a “buy” rating on the stock in a report on Friday, November 2nd. BMO Capital Markets raised their price target on Motorola Solutions from $134.00 to $135.00 and gave the company an “outperform” rating in a report on Friday, November 2nd. Finally, JPMorgan Chase & Co. decreased their price target on Motorola Solutions from $130.00 to $126.00 and set a “sell” rating on the stock in a report on Friday, November 2nd. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and ten have given a buy rating to the stock. Motorola Solutions has an average rating of “Buy” and a consensus price target of $134.54.
Institutional investors and hedge funds have recently modified their holdings of the business. Bank of America Corp DE boosted its holdings in Motorola Solutions by 7.3% during the second quarter. Bank of America Corp DE now owns 753,500 shares of the communications equipment provider’s stock worth $87,684,000 after buying an additional 50,949 shares during the last quarter. Tower Research Capital LLC TRC boosted its holdings in Motorola Solutions by 415.4% during the second quarter. Tower Research Capital LLC TRC now owns 4,886 shares of the communications equipment provider’s stock worth $568,000 after buying an additional 3,938 shares during the last quarter. Fort L.P. bought a new position in Motorola Solutions during the second quarter worth about $123,000. Citizens Financial Group Inc RI raised its position in shares of Motorola Solutions by 2,298.6% during the second quarter. Citizens Financial Group Inc RI now owns 55,983 shares of the communications equipment provider’s stock worth $6,515,000 after purchasing an additional 53,649 shares during the period. Finally, BlackRock Inc. raised its position in shares of Motorola Solutions by 13.1% during the second quarter. BlackRock Inc. now owns 17,760,318 shares of the communications equipment provider’s stock worth $2,066,771,000 after purchasing an additional 2,060,565 shares during the period. Hedge funds and other institutional investors own 86.55% of the company’s stock.
Motorola Solutions Company Profile
Motorola Solutions, Inc, together with its subsidiaries, provides mission-critical communication infrastructure, devices, accessories, software, and services in the United States, the United Kingdom, and internationally. The company operates in two segments, Products and Services. The Products segment offers a portfolio of infrastructure, devices, accessories, and software for government, public safety and first-responder agencies, municipalities, and commercial and industrial customers.
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