Bp Plc boosted its holdings in shares of Motorola Solutions Inc (NYSE:MSI) by 45.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 67,000 shares of the communications equipment provider’s stock after buying an additional 21,000 shares during the quarter. Bp Plc’s holdings in Motorola Solutions were worth $7,705,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Exane Asset Management purchased a new position in Motorola Solutions in the fourth quarter valued at approximately $35,000. Oregon Public Employees Retirement Fund increased its stake in Motorola Solutions by 10,544.5% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 4,378,307 shares of the communications equipment provider’s stock valued at $38,000 after purchasing an additional 4,337,175 shares during the last quarter. Parkside Financial Bank & Trust increased its stake in Motorola Solutions by 36.7% in the fourth quarter. Parkside Financial Bank & Trust now owns 365 shares of the communications equipment provider’s stock valued at $42,000 after purchasing an additional 98 shares during the last quarter. G&S Capital LLC purchased a new position in Motorola Solutions in the fourth quarter valued at approximately $61,000. Finally, Cohen & Steers Inc. increased its stake in Motorola Solutions by 32.3% in the third quarter. Cohen & Steers Inc. now owns 611 shares of the communications equipment provider’s stock valued at $80,000 after purchasing an additional 149 shares during the last quarter. Institutional investors own 88.29% of the company’s stock.
MSI stock opened at $137.64 on Thursday. The company has a market capitalization of $22.09 billion, a PE ratio of 20.15, a PEG ratio of 1.89 and a beta of 0.53. Motorola Solutions Inc has a twelve month low of $101.30 and a twelve month high of $138.32.
Motorola Solutions (NYSE:MSI) last posted its quarterly earnings data on Thursday, February 7th. The communications equipment provider reported $2.63 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.41 by $0.22. The business had revenue of $2.25 billion during the quarter, compared to the consensus estimate of $2.22 billion. Motorola Solutions had a negative return on equity of 82.33% and a net margin of 13.17%. The company’s revenue was up 15.2% compared to the same quarter last year. During the same period in the prior year, the company earned $2.10 earnings per share. Sell-side analysts predict that Motorola Solutions Inc will post 7.29 EPS for the current fiscal year.
In other news, SVP Rajan Naik sold 14,606 shares of the stock in a transaction that occurred on Monday, November 26th. The stock was sold at an average price of $127.00, for a total value of $1,854,962.00. Following the completion of the sale, the senior vice president now directly owns 10,544 shares of the company’s stock, valued at $1,339,088. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.20% of the stock is currently owned by corporate insiders.
Several equities analysts have commented on MSI shares. Deutsche Bank increased their price target on shares of Motorola Solutions from $135.00 to $140.00 and gave the company a “buy” rating in a research note on Monday, November 5th. Citigroup dropped their price target on shares of Motorola Solutions from $146.00 to $145.00 and set a “buy” rating on the stock in a research note on Friday, November 2nd. Zacks Investment Research upgraded shares of Motorola Solutions from a “hold” rating to a “buy” rating and set a $150.00 price target on the stock in a research note on Wednesday, December 5th. Raymond James set a $136.00 price target on shares of Motorola Solutions and gave the company a “buy” rating in a research note on Monday, December 3rd. Finally, Credit Suisse Group reiterated a “buy” rating and issued a $137.00 price target on shares of Motorola Solutions in a research note on Thursday, December 20th. One research analyst has rated the stock with a sell rating, two have given a hold rating and twelve have assigned a buy rating to the company. Motorola Solutions currently has an average rating of “Buy” and a consensus target price of $131.50.
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Motorola Solutions Company Profile
Motorola Solutions, Inc, together with its subsidiaries, provides mission-critical communication infrastructure, devices, accessories, software, and services in the United States, the United Kingdom, and internationally. The company operates in two segments, Products and Services. The Products segment offers a portfolio of infrastructure, devices, accessories, and software for government, public safety and first-responder agencies, municipalities, and commercial and industrial customers.
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