Nippon Life Insurance Co. Has $1.35 Million Position in Motorola Solutions, Inc. (MSI)
Nippon Life Insurance Co. reduced its position in shares of Motorola Solutions, Inc. (NYSE:MSI) by 2.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 15,511 shares of the communications equipment provider’s stock after selling 460 shares during the period. Nippon Life Insurance Co.’s holdings in Motorola Solutions were worth $1,345,000 at the end of the most recent reporting period.
Several other institutional investors have also recently bought and sold shares of MSI. Iat Reinsurance Co. LTD. purchased a new position in Motorola Solutions during the first quarter worth $123,000. Mckinley Capital Management LLC Delaware bought a new stake in Motorola Solutions during the first quarter worth about $135,000. Exane Derivatives increased its stake in Motorola Solutions by 163.6% in the second quarter. Exane Derivatives now owns 1,613 shares of the communications equipment provider’s stock worth $140,000 after buying an additional 1,001 shares during the last quarter. Smithfield Trust Co. increased its stake in Motorola Solutions by 2.7% in the second quarter. Smithfield Trust Co. now owns 2,003 shares of the communications equipment provider’s stock worth $173,000 after buying an additional 53 shares during the last quarter. Finally, Ropes Wealth Advisors LLC increased its stake in Motorola Solutions by 30.8% in the first quarter. Ropes Wealth Advisors LLC now owns 2,130 shares of the communications equipment provider’s stock worth $184,000 after buying an additional 502 shares during the last quarter. 87.62% of the stock is owned by institutional investors and hedge funds.
Shares of Motorola Solutions, Inc. (MSI) opened at 87.37 on Monday. The firm’s 50-day moving average is $88.91 and its 200 day moving average is $84.75. Motorola Solutions, Inc. has a 1-year low of $71.24 and a 1-year high of $93.75. The stock has a market capitalization of $14.21 billion, a P/E ratio of 23.04 and a beta of 0.32.
Motorola Solutions (NYSE:MSI) last announced its quarterly earnings results on Thursday, August 3rd. The communications equipment provider reported $1.06 EPS for the quarter, beating the consensus estimate of $0.99 by $0.07. Motorola Solutions had a negative return on equity of 93.44% and a net margin of 10.38%. The company had revenue of $1.50 billion for the quarter, compared to the consensus estimate of $1.46 billion. During the same quarter last year, the company posted $1.03 earnings per share. The company’s revenue for the quarter was up 4.7% compared to the same quarter last year. On average, analysts expect that Motorola Solutions, Inc. will post $5.29 EPS for the current fiscal year.
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A number of research firms recently issued reports on MSI. UBS AG upgraded shares of Motorola Solutions from a “market perform” rating to an “outperform” rating in a report on Monday, May 22nd. Cowen and Company restated a “market perform” rating and issued a $83.00 target price (up from $75.00) on shares of Motorola Solutions in a report on Wednesday, August 9th. Jefferies Group LLC restated a “buy” rating and issued a $105.00 target price (up from $100.00) on shares of Motorola Solutions in a report on Wednesday, August 9th. BMO Capital Markets boosted their target price on shares of Motorola Solutions from $95.00 to $102.00 and gave the company an “outperform” rating in a report on Friday, August 4th. Finally, Zacks Investment Research upgraded shares of Motorola Solutions from a “sell” rating to a “hold” rating and set a $99.00 target price for the company in a report on Tuesday, August 8th. Four equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Motorola Solutions has a consensus rating of “Buy” and a consensus target price of $94.33.
In other Motorola Solutions news, EVP Bruce W. Brda sold 25,299 shares of the stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $89.11, for a total transaction of $2,254,393.89. Following the transaction, the executive vice president now owns 23,829 shares in the company, valued at $2,123,402.19. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Eduardo F. Conrado sold 6,998 shares of the stock in a transaction that occurred on Tuesday, August 8th. The shares were sold at an average price of $89.13, for a total value of $623,731.74. Following the transaction, the executive vice president now owns 22,858 shares in the company, valued at approximately $2,037,333.54. The disclosure for this sale can be found here. Company insiders own 2.50% of the company’s stock.
About Motorola Solutions
Motorola Solutions, Inc is a provider of communication infrastructure, devices, accessories, software and services. The Company operates through two segments: Products and Services. The Company’s Products segment offers a portfolio of infrastructure, devices, accessories and software. The Products segment has two product lines: Devices and Systems.
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