Motorola Solutions Inc (NYSE:MSI) EVP Mark S. Hacker sold 19,700 shares of the business’s stock in a transaction on Tuesday, January 9th. The shares were sold at an average price of $93.00, for a total transaction of $1,832,100.00. Following the completion of the sale, the executive vice president now owns 28,685 shares in the company, valued at approximately $2,667,705. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.
Shares of Motorola Solutions Inc (NYSE:MSI) traded up $1.17 during midday trading on Friday, reaching $93.55. 812,000 shares of the company traded hands, compared to its average volume of 907,263. The firm has a market cap of $15,550.00, a P/E ratio of 23.93, a price-to-earnings-growth ratio of 3.88 and a beta of 0.35. The company has a current ratio of 1.30, a quick ratio of 1.16 and a debt-to-equity ratio of -5.41. Motorola Solutions Inc has a 1-year low of $76.92 and a 1-year high of $95.30.
Motorola Solutions (NYSE:MSI) last issued its quarterly earnings results on Thursday, November 2nd. The communications equipment provider reported $1.53 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.40 by $0.13. The business had revenue of $1.65 billion for the quarter, compared to the consensus estimate of $1.58 billion. Motorola Solutions had a net margin of 10.51% and a negative return on equity of 92.09%. The firm’s quarterly revenue was up 7.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.37 EPS. research analysts predict that Motorola Solutions Inc will post 5.13 earnings per share for the current year.
Several equities research analysts have recently commented on the stock. Deutsche Bank upgraded shares of Motorola Solutions from a “hold” rating to a “buy” rating and set a $78.00 target price on the stock in a research note on Friday. Zacks Investment Research upgraded shares of Motorola Solutions from a “hold” rating to a “buy” rating and set a $103.00 price target on the stock in a research report on Thursday, November 9th. Jefferies Group upped their price target on shares of Motorola Solutions from $105.00 to $110.00 and gave the stock a “buy” rating in a research report on Friday, November 3rd. ValuEngine downgraded shares of Motorola Solutions from a “buy” rating to a “hold” rating in a research report on Wednesday, November 15th. Finally, Cleveland Research upgraded shares of Motorola Solutions from a “neutral” rating to a “buy” rating in a research report on Friday, October 6th. Four equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $95.08.
Large investors have recently made changes to their positions in the business. Sun Life Financial INC raised its holdings in Motorola Solutions by 14,800.0% during the 2nd quarter. Sun Life Financial INC now owns 1,192 shares of the communications equipment provider’s stock worth $103,000 after purchasing an additional 1,184 shares during the last quarter. Acrospire Investment Management LLC raised its holdings in Motorola Solutions by 33.3% during the 2nd quarter. Acrospire Investment Management LLC now owns 1,200 shares of the communications equipment provider’s stock worth $104,000 after purchasing an additional 300 shares during the last quarter. Grove Bank & Trust raised its holdings in Motorola Solutions by 731.0% during the 3rd quarter. Grove Bank & Trust now owns 1,205 shares of the communications equipment provider’s stock worth $102,000 after purchasing an additional 1,060 shares during the last quarter. Fuller & Thaler Asset Management Inc. bought a new stake in Motorola Solutions during the 3rd quarter worth about $187,000. Finally, Williams Jones & Associates LLC bought a new stake in Motorola Solutions during the 2nd quarter worth about $201,000. 87.78% of the stock is owned by hedge funds and other institutional investors.
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About Motorola Solutions
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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