LGT Group Foundation reduced its position in shares of Motorola Solutions, Inc. (NYSE:MSI - Free Report) by 20.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,536 shares of the communications equipment provider's stock after selling 1,393 shares during the quarter. LGT Group Foundation's holdings in Motorola Solutions were worth $2,424,000 as of its most recent SEC filing.
Several other hedge funds have also modified their holdings of the company. Revolve Wealth Partners LLC acquired a new position in Motorola Solutions during the fourth quarter worth $208,000. Rockefeller Capital Management L.P. boosted its stake in Motorola Solutions by 56.6% during the fourth quarter. Rockefeller Capital Management L.P. now owns 21,489 shares of the communications equipment provider's stock worth $9,931,000 after buying an additional 7,765 shares during the last quarter. Townsquare Capital LLC boosted its holdings in Motorola Solutions by 15.1% in the 4th quarter. Townsquare Capital LLC now owns 5,437 shares of the communications equipment provider's stock valued at $2,513,000 after purchasing an additional 713 shares during the last quarter. Advisors Capital Management LLC purchased a new stake in shares of Motorola Solutions in the 4th quarter valued at approximately $1,027,000. Finally, Savvy Advisors Inc. increased its holdings in shares of Motorola Solutions by 6.0% during the 4th quarter. Savvy Advisors Inc. now owns 896 shares of the communications equipment provider's stock worth $414,000 after buying an additional 51 shares during the last quarter. 84.17% of the stock is owned by hedge funds and other institutional investors.
Insider Buying and Selling at Motorola Solutions
In related news, CAO Katherine A. Maher sold 1,073 shares of Motorola Solutions stock in a transaction on Thursday, May 29th. The shares were sold at an average price of $418.68, for a total transaction of $449,243.64. Following the sale, the chief accounting officer directly owned 804 shares in the company, valued at $336,618.72. This trade represents a 57.17% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 1.44% of the company's stock.
Wall Street Analysts Forecast Growth
A number of research firms recently commented on MSI. Wall Street Zen cut Motorola Solutions from a "buy" rating to a "hold" rating in a report on Thursday, May 22nd. JPMorgan Chase & Co. decreased their price target on Motorola Solutions from $570.00 to $515.00 and set an "overweight" rating on the stock in a research note on Thursday, April 17th. Barclays set a $509.00 price objective on Motorola Solutions and gave the stock an "overweight" rating in a research report on Friday, August 8th. Wolfe Research started coverage on shares of Motorola Solutions in a research report on Monday, July 7th. They issued a "peer perform" rating on the stock. Finally, William Blair reiterated an "outperform" rating on shares of Motorola Solutions in a research report on Wednesday, May 28th. Three analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, Motorola Solutions presently has an average rating of "Moderate Buy" and a consensus target price of $512.67.
Read Our Latest Stock Analysis on MSI
Motorola Solutions Stock Down 0.3%
Shares of MSI traded down $1.20 during mid-day trading on Friday, hitting $460.41. 1,274,699 shares of the company's stock were exchanged, compared to its average volume of 915,375. The stock's 50-day moving average is $425.02 and its 200-day moving average is $427.72. The company has a debt-to-equity ratio of 3.86, a quick ratio of 1.54 and a current ratio of 1.73. Motorola Solutions, Inc. has a fifty-two week low of $388.90 and a fifty-two week high of $507.82. The company has a market cap of $76.70 billion, a price-to-earnings ratio of 37.07, a P/E/G ratio of 3.82 and a beta of 0.97.
Motorola Solutions (NYSE:MSI - Get Free Report) last released its quarterly earnings data on Thursday, August 7th. The communications equipment provider reported $3.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.36 by $0.21. Motorola Solutions had a net margin of 19.08% and a return on equity of 134.30%. The business had revenue of $2.77 billion during the quarter, compared to analysts' expectations of $2.74 billion. During the same period in the previous year, the company earned $3.24 EPS. The company's revenue for the quarter was up 5.2% on a year-over-year basis. On average, sell-side analysts anticipate that Motorola Solutions, Inc. will post 13.55 earnings per share for the current fiscal year.
Motorola Solutions Profile
(
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.
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