CIBC Asset Management Inc Sells 30,251 Shares of Motorola Solutions, Inc. (NYSE:MSI)

CIBC Asset Management Inc cut its stake in shares of Motorola Solutions, Inc. (NYSE:MSI - Free Report) by 21.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 107,854 shares of the communications equipment provider's stock after selling 30,251 shares during the quarter. CIBC Asset Management Inc owned 0.06% of Motorola Solutions worth $49,782,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Synergy Asset Management LLC bought a new stake in shares of Motorola Solutions during the 4th quarter valued at approximately $25,000. Crews Bank & Trust bought a new stake in Motorola Solutions during the 4th quarter worth approximately $26,000. FSA Wealth Management LLC bought a new stake in Motorola Solutions during the 3rd quarter worth approximately $29,000. E Fund Management Hong Kong Co. Ltd. bought a new stake in Motorola Solutions during the 3rd quarter worth approximately $31,000. Finally, Planning Capital Management Corp bought a new stake in Motorola Solutions during the 3rd quarter worth approximately $32,000. 84.17% of the stock is owned by institutional investors.

Motorola Solutions Stock Down 1.0 %

Shares of Motorola Solutions stock traded down $4.55 during trading on Thursday, reaching $434.53. 988,400 shares of the company traded hands, compared to its average volume of 806,712. The company has a debt-to-equity ratio of 3.30, a current ratio of 1.28 and a quick ratio of 1.13. Motorola Solutions, Inc. has a 1-year low of $321.99 and a 1-year high of $507.82. The company has a 50 day moving average price of $464.68 and a 200-day moving average price of $459.64. The firm has a market capitalization of $72.54 billion, a PE ratio of 47.13, a P/E/G ratio of 3.41 and a beta of 1.02.

Motorola Solutions (NYSE:MSI - Get Free Report) last released its earnings results on Thursday, February 13th. The communications equipment provider reported $3.75 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $3.85 by ($0.10). Motorola Solutions had a net margin of 14.58% and a return on equity of 197.59%. The company had revenue of $3.01 billion for the quarter, compared to analyst estimates of $3 billion. As a group, equities research analysts expect that Motorola Solutions, Inc. will post 13.46 earnings per share for the current fiscal year.

Analyst Ratings Changes

MSI has been the topic of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Motorola Solutions from $440.00 to $530.00 and gave the stock a "buy" rating in a research report on Tuesday, November 26th. Bank of America boosted their price target on shares of Motorola Solutions from $440.00 to $520.00 and gave the stock a "buy" rating in a research report on Wednesday, October 23rd. Raymond James boosted their price target on shares of Motorola Solutions from $425.00 to $515.00 and gave the stock an "outperform" rating in a research report on Friday, November 8th. Barclays dropped their price target on shares of Motorola Solutions from $529.00 to $527.00 and set an "overweight" rating on the stock in a research report on Friday, February 14th. Finally, StockNews.com upgraded shares of Motorola Solutions from a "hold" rating to a "buy" rating in a research report on Tuesday. One investment analyst has rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, Motorola Solutions has a consensus rating of "Moderate Buy" and an average target price of $505.88.

Motorola Solutions Company Profile

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.