Blue Trust Inc. reduced its stake in Motorola Solutions, Inc. (NYSE:MSI - Free Report) by 41.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,525 shares of the communications equipment provider's stock after selling 1,795 shares during the period. Blue Trust Inc.'s holdings in Motorola Solutions were worth $1,167,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently bought and sold shares of MSI. International Assets Investment Management LLC boosted its stake in Motorola Solutions by 59,189.5% in the third quarter. International Assets Investment Management LLC now owns 967,604 shares of the communications equipment provider's stock valued at $435,064,000 after acquiring an additional 965,972 shares during the period. Mizuho Securities USA LLC boosted its stake in Motorola Solutions by 4,447.9% in the third quarter. Mizuho Securities USA LLC now owns 584,901 shares of the communications equipment provider's stock valued at $262,989,000 after acquiring an additional 572,040 shares during the period. Assenagon Asset Management S.A. boosted its stake in Motorola Solutions by 477.9% in the third quarter. Assenagon Asset Management S.A. now owns 311,659 shares of the communications equipment provider's stock valued at $140,131,000 after acquiring an additional 257,727 shares during the period. State Street Corp boosted its stake in Motorola Solutions by 2.7% in the third quarter. State Street Corp now owns 7,454,643 shares of the communications equipment provider's stock valued at $3,358,848,000 after acquiring an additional 198,183 shares during the period. Finally, Barclays PLC boosted its position in shares of Motorola Solutions by 29.6% during the third quarter. Barclays PLC now owns 723,835 shares of the communications equipment provider's stock worth $325,455,000 after buying an additional 165,353 shares during the period. 84.17% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
MSI has been the subject of several analyst reports. Barclays reduced their price objective on Motorola Solutions from $529.00 to $527.00 and set an "overweight" rating for the company in a research report on Friday, February 14th. Morgan Stanley boosted their price objective on Motorola Solutions from $495.00 to $505.00 and gave the stock an "equal weight" rating in a research report on Friday, February 14th. Raymond James boosted their price objective on Motorola Solutions from $425.00 to $515.00 and gave the stock an "outperform" rating in a research report on Friday, November 8th. Deutsche Bank Aktiengesellschaft boosted their price objective on Motorola Solutions from $440.00 to $530.00 and gave the stock a "buy" rating in a research report on Tuesday, November 26th. Finally, Bank of America boosted their price objective on Motorola Solutions from $440.00 to $520.00 and gave the stock a "buy" rating in a research report on Wednesday, October 23rd. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $505.88.
View Our Latest Research Report on Motorola Solutions
Motorola Solutions Price Performance
NYSE:MSI traded up $12.50 during midday trading on Wednesday, hitting $438.48. 1,387,755 shares of the stock were exchanged, compared to its average volume of 800,726. Motorola Solutions, Inc. has a one year low of $318.20 and a one year high of $507.82. The company has a market capitalization of $73.28 billion, a price-to-earnings ratio of 47.56, a P/E/G ratio of 3.22 and a beta of 1.02. The business has a 50-day moving average price of $465.48 and a two-hundred day moving average price of $459.79. The company has a current ratio of 1.28, a quick ratio of 1.13 and a debt-to-equity ratio of 3.30.
Motorola Solutions (NYSE:MSI - Get Free Report) last posted its quarterly earnings results on Thursday, February 13th. The communications equipment provider reported $3.75 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.85 by ($0.10). The company had revenue of $3.01 billion during the quarter, compared to the consensus estimate of $3 billion. Motorola Solutions had a net margin of 14.58% and a return on equity of 197.59%. Sell-side analysts predict that Motorola Solutions, Inc. will post 13.46 EPS for the current year.
About Motorola Solutions
(
Free Report)
Motorola Solutions, Inc provides public safety and enterprise security solutions in the United States, the United Kingdom, Canada, and internationally. The company operates in two segments, Products and Systems Integration, and Software and Services. The Products and Systems Integration segment offers a portfolio of infrastructure, devices, accessories, and video security devices and infrastructure, as well as the implementation and integration of systems, devices, software, and applications for government, public safety, and commercial customers who operate private communications networks and video security solutions, as well as manage a mobile workforce.
See Also
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