S Bank Fund Management Ltd Buys Shares of 4,273 Motorola Solutions, Inc. (NYSE:MSI)

Key Points

• S Bank Fund Management Ltd has invested approximately $1.87 million in Motorola Solutions, acquiring 4,273 shares during the first quarter.
• Research analysts maintain a positive outlook on Motorola Solutions, with nine analysts issuing a buy rating and a consensus price target of $512.67.
• Motorola Solutions reported a quarterly EPS of $3.57, surpassing analyst expectations, with a 5.2% increase in revenue year-over-year.

S Bank Fund Management Ltd purchased a new stake in Motorola Solutions, Inc. (NYSE:MSI - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 4,273 shares of the communications equipment provider's stock, valued at approximately $1,871,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. ORG Wealth Partners LLC increased its stake in shares of Motorola Solutions by 346.2% in the 1st quarter. ORG Wealth Partners LLC now owns 58 shares of the communications equipment provider's stock valued at $25,000 after purchasing an additional 45 shares in the last quarter. Fourth Dimension Wealth LLC purchased a new position in shares of Motorola Solutions in the 4th quarter valued at about $34,000. Community Bank N.A. purchased a new position in shares of Motorola Solutions in the 1st quarter valued at about $32,000. Fort Vancouver Investment Management LLC purchased a new position in shares of Motorola Solutions in the 1st quarter valued at about $37,000. Finally, Alpine Bank Wealth Management purchased a new position in shares of Motorola Solutions in the 1st quarter valued at about $40,000. Hedge funds and other institutional investors own 84.17% of the company's stock.

Insider Buying and Selling

In related news, CAO Katherine A. Maher sold 1,073 shares of the company's stock in a transaction that occurred on Thursday, May 29th. The stock was sold at an average price of $418.68, for a total value of $449,243.64. Following the transaction, the chief accounting officer directly owned 804 shares in the company, valued at approximately $336,618.72. This represents a 57.17% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 1.44% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have commented on MSI shares. Barclays cut their price objective on Motorola Solutions from $511.00 to $509.00 and set an "overweight" rating for the company in a research note on Friday, August 8th. Wall Street Zen lowered Motorola Solutions from a "buy" rating to a "hold" rating in a research note on Thursday, May 22nd. William Blair reiterated an "outperform" rating on shares of Motorola Solutions in a research note on Wednesday, May 28th. Wolfe Research started coverage on Motorola Solutions in a research note on Monday, July 7th. They set a "peer perform" rating for the company. Finally, UBS Group boosted their price objective on Motorola Solutions from $490.00 to $510.00 and gave the stock a "buy" rating in a research note on Friday, August 8th. Three analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $512.67.

Motorola Solutions Price Performance

Shares of Motorola Solutions stock traded down $1.20 on Friday, hitting $460.41. 1,274,699 shares of the company were exchanged, compared to its average volume of 999,855. The stock has a market capitalization of $76.70 billion, a price-to-earnings ratio of 37.07, a price-to-earnings-growth ratio of 3.74 and a beta of 0.97. The company has a 50-day moving average price of $425.87 and a 200 day moving average price of $427.43. Motorola Solutions, Inc. has a 1-year low of $388.90 and a 1-year high of $507.82. The company has a quick ratio of 1.54, a current ratio of 1.73 and a debt-to-equity ratio of 3.86.

Motorola Solutions (NYSE:MSI - Get Free Report) last issued its earnings results on Thursday, August 7th. The communications equipment provider reported $3.57 earnings per share for the quarter, topping the consensus estimate of $3.36 by $0.21. Motorola Solutions had a return on equity of 134.30% and a net margin of 19.08%. The business had revenue of $2.77 billion for the quarter, compared to analysts' expectations of $2.74 billion. During the same period in the previous year, the firm posted $3.24 EPS. The business's revenue for the quarter was up 5.2% compared to the same quarter last year. As a group, sell-side analysts predict that Motorola Solutions, Inc. will post 13.55 earnings per share for the current fiscal year.

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.