Motorola Solutions (NYSE:MSI) had its price target hoisted by equities research analysts at BMO Capital Markets from $102.00 to $116.00 in a research note issued on Friday. The firm currently has an “outperform” rating on the communications equipment provider’s stock. BMO Capital Markets’ price target would indicate a potential upside of 11.68% from the stock’s current price.
A number of other equities analysts also recently commented on the stock. Jefferies Group upped their price objective on shares of Motorola Solutions from $105.00 to $110.00 and gave the stock a “buy” rating in a research report on Friday, November 3rd. Cleveland Research upgraded shares of Motorola Solutions from a “neutral” rating to a “buy” rating in a research report on Friday, October 6th. Zacks Investment Research downgraded shares of Motorola Solutions from a “buy” rating to a “hold” rating in a research report on Monday, October 23rd. Deutsche Bank upgraded shares of Motorola Solutions from a “hold” rating to a “buy” rating and set a $78.00 price objective for the company in a research report on Friday, January 12th. Finally, ValuEngine downgraded shares of Motorola Solutions from a “buy” rating to a “hold” rating in a research report on Wednesday, November 15th. Three research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $97.50.
Shares of Motorola Solutions (MSI) traded up $4.75 during trading on Friday, reaching $103.87. 4,454,753 shares of the company’s stock were exchanged, compared to its average volume of 974,495. The stock has a market cap of $16,830.00, a P/E ratio of -97.07, a P/E/G ratio of 4.00 and a beta of 0.40. The company has a debt-to-equity ratio of -5.41, a quick ratio of 1.16 and a current ratio of 1.30. Motorola Solutions has a 52 week low of $76.92 and a 52 week high of $107.78.
In other news, EVP Bruce W. Brda sold 5,916 shares of the stock in a transaction dated Monday, November 6th. The shares were sold at an average price of $92.41, for a total value of $546,697.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Motorola Solutions, Inc. sold 949,779 shares of the stock in a transaction dated Wednesday, January 10th. The shares were sold at an average price of $15.00, for a total transaction of $14,246,685.00. The disclosure for this sale can be found here. Insiders sold a total of 1,336,176 shares of company stock valued at $49,961,105 in the last quarter. Insiders own 2.50% of the company’s stock.
Institutional investors and hedge funds have recently made changes to their positions in the company. WINTON GROUP Ltd increased its holdings in Motorola Solutions by 51.9% during the 2nd quarter. WINTON GROUP Ltd now owns 164,129 shares of the communications equipment provider’s stock valued at $14,237,000 after acquiring an additional 56,105 shares in the last quarter. Cubist Systematic Strategies LLC increased its holdings in Motorola Solutions by 60.5% during the 3rd quarter. Cubist Systematic Strategies LLC now owns 11,919 shares of the communications equipment provider’s stock valued at $1,012,000 after acquiring an additional 4,495 shares in the last quarter. Swiss National Bank increased its holdings in Motorola Solutions by 0.3% during the 3rd quarter. Swiss National Bank now owns 809,178 shares of the communications equipment provider’s stock valued at $68,675,000 after acquiring an additional 2,600 shares in the last quarter. Handelsbanken Fonder AB purchased a new position in Motorola Solutions during the 3rd quarter valued at about $424,000. Finally, State of Wisconsin Investment Board increased its holdings in Motorola Solutions by 135.8% during the 3rd quarter. State of Wisconsin Investment Board now owns 63,201 shares of the communications equipment provider’s stock valued at $5,364,000 after acquiring an additional 36,400 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.
