Motorola Solutions Inc (MSI) Chairman Gregory Q. Brown Sells 50,000 Shares
Motorola Solutions Inc (NYSE:MSI) Chairman Gregory Q. Brown sold 50,000 shares of Motorola Solutions stock in a transaction dated Wednesday, November 29th. The shares were sold at an average price of $94.32, for a total value of $4,716,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.
Shares of Motorola Solutions Inc (MSI) traded down $1.08 during trading hours on Friday, hitting $93.03. The stock had a trading volume of 1,004,356 shares, compared to its average volume of 767,398. Motorola Solutions Inc has a 12 month low of $76.92 and a 12 month high of $94.96. The company has a market capitalization of $15,242.56, a PE ratio of 18.31, a PEG ratio of 4.19 and a beta of 0.35. The company has a current ratio of 1.30, a quick ratio of 1.16 and a debt-to-equity ratio of -5.41.
Motorola Solutions (NYSE:MSI) last issued its quarterly earnings results on Thursday, November 2nd. The communications equipment provider reported $1.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.40 by $0.13. The business had revenue of $1.65 billion during the quarter, compared to analysts’ expectations of $1.58 billion. Motorola Solutions had a negative return on equity of 92.09% and a net margin of 10.51%. The firm’s revenue for the quarter was up 7.4% compared to the same quarter last year. During the same period in the previous year, the company posted $1.37 earnings per share. analysts forecast that Motorola Solutions Inc will post 5.14 earnings per share for the current year.
MSI has been the topic of several recent research reports. Jefferies Group reissued a “buy” rating and issued a $105.00 price target on shares of Motorola Solutions in a research note on Tuesday, August 22nd. Zacks Investment Research raised Motorola Solutions from a “hold” rating to a “buy” rating and set a $97.00 target price on the stock in a research report on Tuesday, August 29th. Finally, Cleveland Research raised Motorola Solutions from a “neutral” rating to a “buy” rating in a research report on Friday, October 6th. Four analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $95.08.
Hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. raised its position in Motorola Solutions by 1.6% during the second quarter. Vanguard Group Inc. now owns 16,290,817 shares of the communications equipment provider’s stock valued at $1,413,066,000 after purchasing an additional 254,399 shares in the last quarter. Lazard Asset Management LLC raised its position in Motorola Solutions by 6.7% during the second quarter. Lazard Asset Management LLC now owns 9,589,218 shares of the communications equipment provider’s stock valued at $831,768,000 after purchasing an additional 600,229 shares in the last quarter. State Street Corp raised its position in Motorola Solutions by 1.8% during the second quarter. State Street Corp now owns 7,734,797 shares of the communications equipment provider’s stock valued at $670,905,000 after purchasing an additional 135,926 shares in the last quarter. Parnassus Investments CA raised its position in Motorola Solutions by 0.7% during the third quarter. Parnassus Investments CA now owns 5,649,582 shares of the communications equipment provider’s stock valued at $479,480,000 after purchasing an additional 41,541 shares in the last quarter. Finally, Neuberger Berman Group LLC raised its position in Motorola Solutions by 2.1% during the second quarter. Neuberger Berman Group LLC now owns 5,458,346 shares of the communications equipment provider’s stock valued at $473,457,000 after purchasing an additional 110,330 shares in the last quarter. Institutional investors and hedge funds own 87.84% of the company’s stock.
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Motorola Solutions Company Profile
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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