Motorola Solutions (NYSE:MSI) Sets New 52-Week High at $179.17

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Motorola Solutions Inc (NYSE:MSI)’s stock price hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $179.17 and last traded at $179.08, with a volume of 40819 shares changing hands. The stock had previously closed at $175.39.

A number of research analysts have recently weighed in on the stock. Jefferies Financial Group set a $200.00 price target on shares of Motorola Solutions and gave the company a “buy” rating in a report on Wednesday. Raymond James boosted their price objective on shares of Motorola Solutions from $160.00 to $182.00 and gave the stock an “outperform” rating in a report on Friday, August 2nd. Citigroup lifted their target price on shares of Motorola Solutions from $170.00 to $190.00 and gave the company a “buy” rating in a research report on Friday, August 2nd. Barclays started coverage on shares of Motorola Solutions in a research report on Wednesday, August 7th. They issued an “overweight” rating and a $195.00 price target on the stock. Finally, Argus boosted their price target on shares of Motorola Solutions from $165.00 to $190.00 and gave the company a “buy” rating in a research report on Wednesday, July 17th. One research analyst has rated the stock with a sell rating, five have given a hold rating and ten have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $161.93.

The firm has a market cap of $29.04 billion, a P/E ratio of 26.17, a price-to-earnings-growth ratio of 3.12 and a beta of 0.56. The stock’s 50 day simple moving average is $171.79 and its 200 day simple moving average is $152.62.

Motorola Solutions (NYSE:MSI) last issued its quarterly earnings results on Thursday, August 1st. The communications equipment provider reported $1.69 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.52 by $0.17. The company had revenue of $1.86 billion for the quarter, compared to the consensus estimate of $1.84 billion. Motorola Solutions had a net margin of 13.47% and a negative return on equity of 105.22%. The firm’s quarterly revenue was up 5.7% on a year-over-year basis. During the same period in the previous year, the firm earned $1.46 EPS. Analysts expect that Motorola Solutions Inc will post 7.35 earnings per share for the current fiscal year.

In related news, SVP Rajan Naik sold 9,408 shares of the firm’s stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $171.55, for a total value of $1,613,942.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Kelly S. Mark sold 48,500 shares of the firm’s stock in a transaction on Wednesday, August 7th. The stock was sold at an average price of $171.47, for a total value of $8,316,295.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 702,584 shares of company stock worth $120,467,861. 2.99% of the stock is owned by company insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Municipal Employees Retirement System of Michigan increased its holdings in Motorola Solutions by 2.7% in the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 2,270 shares of the communications equipment provider’s stock worth $378,000 after buying an additional 60 shares in the last quarter. Captrust Financial Advisors raised its stake in Motorola Solutions by 5.6% during the 2nd quarter. Captrust Financial Advisors now owns 1,150 shares of the communications equipment provider’s stock valued at $192,000 after purchasing an additional 61 shares during the period. Profund Advisors LLC raised its stake in Motorola Solutions by 1.1% during the 2nd quarter. Profund Advisors LLC now owns 6,833 shares of the communications equipment provider’s stock valued at $1,139,000 after purchasing an additional 73 shares during the period. Point72 Asset Management L.P. raised its stake in Motorola Solutions by 17.9% during the 2nd quarter. Point72 Asset Management L.P. now owns 500 shares of the communications equipment provider’s stock valued at $83,000 after purchasing an additional 76 shares during the period. Finally, Hanseatic Management Services Inc. increased its stake in Motorola Solutions by 1.3% in the 2nd quarter. Hanseatic Management Services Inc. now owns 6,039 shares of the communications equipment provider’s stock worth $1,007,000 after acquiring an additional 79 shares during the last quarter. Institutional investors and hedge funds own 85.77% of the company’s stock.

About Motorola Solutions (NYSE:MSI)

Motorola Solutions, Inc provides mission-critical communication solutions the United States, the United Kingdom, Canada, and internationally. The company operates in two segments, Products and Systems Integration, and Services and Software. The Products and Systems Integration segment offers a portfolio of infrastructure, devices, accessories, and video solutions, as well as the implementation, optimization, and integration of networks, devices, software, and applications for government, public safety and first-responder agencies, municipalities, and commercial and industrial customers.

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