Motorola Solutions Inc (NYSE:MSI) CAO Daniel G. Pekofske sold 3,132 shares of the firm’s stock in a transaction that occurred on Monday, November 5th. The stock was sold at an average price of $123.12, for a total transaction of $385,611.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
MSI opened at $129.65 on Friday. Motorola Solutions Inc has a 1-year low of $89.18 and a 1-year high of $131.48. The company has a market capitalization of $20.59 billion, a price-to-earnings ratio of 24.93, a price-to-earnings-growth ratio of 1.97 and a beta of 0.46.
Motorola Solutions (NYSE:MSI) last released its quarterly earnings results on Thursday, November 1st. The communications equipment provider reported $1.94 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.72 by $0.22. Motorola Solutions had a negative net margin of 0.44% and a negative return on equity of 68.88%. The business had revenue of $1.86 billion for the quarter, compared to the consensus estimate of $1.87 billion. During the same period last year, the firm earned $1.53 earnings per share. The company’s quarterly revenue was up 13.2% on a year-over-year basis. On average, sell-side analysts predict that Motorola Solutions Inc will post 6.66 EPS for the current fiscal year.
Several equities research analysts recently issued reports on MSI shares. Zacks Investment Research upgraded shares of Motorola Solutions from a “hold” rating to a “buy” rating and set a $137.00 target price on the stock in a report on Tuesday, July 24th. Jefferies Financial Group raised their target price on shares of Motorola Solutions to $140.00 and gave the stock a “buy” rating in a report on Monday, July 23rd. Credit Suisse Group set a $129.00 target price on shares of Motorola Solutions and gave the stock a “buy” rating in a report on Tuesday, July 17th. Argus raised their target price on shares of Motorola Solutions to $140.00 and gave the stock a “buy” rating in a report on Tuesday, August 7th. Finally, Northcoast Research set a $128.00 target price on shares of Motorola Solutions and gave the stock a “buy” rating in a report on Monday, August 6th. One analyst has rated the stock with a sell rating, four have issued a hold rating and ten have given a buy rating to the company’s stock. Motorola Solutions presently has an average rating of “Buy” and a consensus target price of $134.54.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in MSI. BlackRock Inc. raised its position in Motorola Solutions by 13.1% in the second quarter. BlackRock Inc. now owns 17,760,318 shares of the communications equipment provider’s stock worth $2,066,771,000 after acquiring an additional 2,060,565 shares during the period. Voya Investment Management LLC raised its position in Motorola Solutions by 171.3% in the second quarter. Voya Investment Management LLC now owns 2,509,657 shares of the communications equipment provider’s stock worth $292,049,000 after acquiring an additional 1,584,672 shares during the period. Unigestion Holding SA bought a new position in Motorola Solutions in the second quarter worth approximately $81,578,000. OppenheimerFunds Inc. raised its position in Motorola Solutions by 16.4% in the second quarter. OppenheimerFunds Inc. now owns 4,231,955 shares of the communications equipment provider’s stock worth $492,472,000 after acquiring an additional 596,941 shares during the period. Finally, Wells Fargo & Company MN raised its position in Motorola Solutions by 32.6% in the second quarter. Wells Fargo & Company MN now owns 2,365,975 shares of the communications equipment provider’s stock worth $275,329,000 after acquiring an additional 581,645 shares during the period. Institutional investors and hedge funds own 86.55% of the company’s stock.
About Motorola Solutions
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.
Featured Article: Determine Your Level of Risk Tolerance
Receive News & Ratings for Motorola Solutions Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Motorola Solutions and related companies with MarketBeat.com's FREE daily email newsletter.