Motorola Solutions Inc (MSI) EVP Eduardo F. Conrado Sells 75,830 Shares
Motorola Solutions Inc (NYSE:MSI) EVP Eduardo F. Conrado sold 75,830 shares of the firm’s stock in a transaction that occurred on Tuesday, December 5th. The stock was sold at an average price of $93.12, for a total transaction of $7,061,289.60. Following the completion of the transaction, the executive vice president now directly owns 51,346 shares in the company, valued at approximately $4,781,339.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
Shares of Motorola Solutions Inc (NYSE MSI) traded up $0.63 during trading hours on Wednesday, reaching $91.29. 743,666 shares of the company’s stock traded hands, compared to its average volume of 1,067,307. The company has a debt-to-equity ratio of -5.41, a current ratio of 1.30 and a quick ratio of 1.16. Motorola Solutions Inc has a twelve month low of $76.92 and a twelve month high of $94.96. The stock has a market capitalization of $15,168.04, a P/E ratio of 18.22, a P/E/G ratio of 4.17 and a beta of 0.35.
Motorola Solutions (NYSE:MSI) last issued its quarterly earnings results on Thursday, November 2nd. The communications equipment provider reported $1.53 earnings per share for the quarter, beating the consensus estimate of $1.40 by $0.13. The business had revenue of $1.65 billion for the quarter, compared to the consensus estimate of $1.58 billion. Motorola Solutions had a net margin of 10.51% and a negative return on equity of 92.09%. The company’s revenue for the quarter was up 7.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.37 earnings per share. research analysts expect that Motorola Solutions Inc will post 5.14 EPS for the current year.
Several institutional investors have recently added to or reduced their stakes in MSI. ING Groep NV bought a new stake in shares of Motorola Solutions during the second quarter valued at approximately $255,000. NGAM Advisors L.P. increased its position in Motorola Solutions by 7.6% in the second quarter. NGAM Advisors L.P. now owns 38,050 shares of the communications equipment provider’s stock worth $3,300,000 after purchasing an additional 2,678 shares during the last quarter. Janney Montgomery Scott LLC increased its position in Motorola Solutions by 0.3% in the second quarter. Janney Montgomery Scott LLC now owns 10,408 shares of the communications equipment provider’s stock worth $903,000 after purchasing an additional 34 shares during the last quarter. Bbva Compass Bancshares Inc. bought a new stake in Motorola Solutions in the second quarter worth $350,000. Finally, Rothschild Asset Management Inc. increased its position in Motorola Solutions by 0.8% in the second quarter. Rothschild Asset Management Inc. now owns 6,597 shares of the communications equipment provider’s stock worth $572,000 after purchasing an additional 51 shares during the last quarter. Hedge funds and other institutional investors own 87.86% of the company’s stock.
A number of equities analysts recently issued reports on the stock. Cowen reissued a “market perform” rating and issued a $83.00 price objective (up previously from $75.00) on shares of Motorola Solutions in a report on Wednesday, August 9th. Zacks Investment Research raised shares of Motorola Solutions from a “hold” rating to a “buy” rating and set a $96.00 price objective on the stock in a report on Wednesday, September 20th. Jefferies Group reissued a “buy” rating and issued a $105.00 price objective (up previously from $100.00) on shares of Motorola Solutions in a report on Wednesday, August 9th. Finally, ValuEngine downgraded shares of Motorola Solutions from a “buy” rating to a “hold” rating in a report on Wednesday, November 15th. Four investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $95.08.
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.
Receive News & Ratings for Motorola Solutions Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Motorola Solutions Inc and related companies with MarketBeat.com's FREE daily email newsletter.