New Mexico Educational Retirement Board lessened its stake in shares of Motorola Solutions Inc (NYSE:MSI) by 1.5% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 13,453 shares of the communications equipment provider’s stock after selling 200 shares during the period. New Mexico Educational Retirement Board’s holdings in Motorola Solutions were worth $2,243,000 at the end of the most recent reporting period.

Several other institutional investors also recently added to or reduced their stakes in MSI. Reilly Financial Advisors LLC lifted its position in shares of Motorola Solutions by 386.0% during the 1st quarter. Reilly Financial Advisors LLC now owns 418 shares of the communications equipment provider’s stock valued at $28,000 after acquiring an additional 332 shares during the period. Institutional & Family Asset Management LLC raised its holdings in Motorola Solutions by 100.0% during the first quarter. Institutional & Family Asset Management LLC now owns 200 shares of the communications equipment provider’s stock worth $28,000 after buying an additional 100 shares during the last quarter. Hexavest Inc. acquired a new position in Motorola Solutions during the second quarter worth $30,000. Ruggie Capital Group acquired a new position in Motorola Solutions during the second quarter worth $35,000. Finally, Icon Wealth Partners LLC acquired a new position in Motorola Solutions during the first quarter worth $36,000. Institutional investors own 85.77% of the company’s stock.

Several research analysts have weighed in on the stock. Zacks Investment Research downgraded shares of Motorola Solutions from a “buy” rating to a “hold” rating and set a $177.00 price objective on the stock. in a report on Wednesday, July 3rd. Barclays assumed coverage on shares of Motorola Solutions in a report on Wednesday, August 7th. They set an “overweight” rating and a $195.00 price objective on the stock. Citigroup upped their price objective on shares of Motorola Solutions from $170.00 to $190.00 and gave the stock a “buy” rating in a report on Friday, August 2nd. Raymond James upped 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. Finally, Jefferies Financial Group set a $200.00 price objective on shares of Motorola Solutions and gave the stock a “buy” rating in a report on Wednesday. One research analyst has rated the stock with a sell rating, five have issued a hold rating and ten have given a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $161.93.

Shares of MSI stock traded down $1.73 on Friday, hitting $177.00. The stock had a trading volume of 88,733 shares, compared to its average volume of 954,150. The business has a 50 day moving average of $171.79 and a 200 day moving average of $152.62. The stock has a market cap of $29.04 billion, a price-to-earnings ratio of 25.92, a price-to-earnings-growth ratio of 3.12 and a beta of 0.56. Motorola Solutions Inc has a 12-month low of $108.25 and a 12-month high of $179.54.

Motorola Solutions (NYSE:MSI) last announced its earnings results on Thursday, August 1st. The communications equipment provider reported $1.69 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.52 by $0.17. The company had revenue of $1.86 billion during 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 revenue for the quarter was up 5.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.46 earnings per share. As a group, equities analysts forecast that Motorola Solutions Inc will post 7.35 earnings per share for the current year.

In other news, CFO Gino A. Bonanotte sold 49,554 shares of the stock in a transaction dated Tuesday, June 4th. The shares were sold at an average price of $156.86, for a total value of $7,773,040.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP John P. Molloy sold 165,852 shares of the stock in a transaction dated Monday, June 10th. The shares were sold at an average price of $162.06, for a total transaction of $26,877,975.12. The disclosure for this sale can be found here. In the last quarter, insiders sold 702,584 shares of company stock valued at $120,467,861. 2.99% of the stock is currently owned by corporate insiders.

Motorola Solutions Profile

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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Institutional Ownership by Quarter for Motorola Solutions (NYSE:MSI)

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