State Board of Administration of Florida Retirement System boosted its stake in Motorola Solutions Inc (NYSE:MSI) by 1.4% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 241,641 shares of the communications equipment provider’s stock after purchasing an additional 3,396 shares during the period. State Board of Administration of Florida Retirement System owned about 0.15% of Motorola Solutions worth $28,120,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of MSI. Summit Trail Advisors LLC increased its holdings in Motorola Solutions by 3,656.8% in the first quarter. Summit Trail Advisors LLC now owns 105,303 shares of the communications equipment provider’s stock valued at $105,000 after purchasing an additional 102,500 shares during the period. Migdal Insurance & Financial Holdings Ltd. increased its holdings in Motorola Solutions by 17,920.0% in the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 901 shares of the communications equipment provider’s stock valued at $105,000 after purchasing an additional 896 shares during the period. Bronfman E.L. Rothschild L.P. increased its holdings in Motorola Solutions by 85.7% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 2,189 shares of the communications equipment provider’s stock valued at $146,000 after purchasing an additional 1,010 shares during the period. Massey Quick Simon & CO. LLC increased its holdings in Motorola Solutions by 78.9% in the first quarter. Massey Quick Simon & CO. LLC now owns 1,700 shares of the communications equipment provider’s stock valued at $179,000 after purchasing an additional 750 shares during the period. Finally, Zeke Capital Advisors LLC acquired a new stake in Motorola Solutions in the first quarter valued at $201,000. Institutional investors and hedge funds own 85.71% of the company’s stock.

A number of analysts recently weighed in on the company. Zacks Investment Research downgraded Motorola Solutions from a “buy” rating to a “hold” rating in a report on Wednesday, August 8th. Argus upped their price target on shares of Motorola Solutions to $140.00 and gave the company a “buy” rating in a research report on Tuesday, August 7th. Northcoast Research set a $128.00 price target on shares of Motorola Solutions and gave the company a “buy” rating in a research report on Monday, August 6th. JPMorgan Chase & Co. cut shares of Motorola Solutions from a “neutral” rating to an “underweight” rating in a research report on Friday, August 3rd. Finally, Jefferies Financial Group upped their price target on shares of Motorola Solutions to $140.00 and gave the company a “buy” rating in a research report on Monday, July 23rd. One analyst has rated the stock with a sell rating, two have issued a hold rating and twelve have assigned a buy rating to the stock. Motorola Solutions presently has a consensus rating of “Buy” and an average target price of $129.23.

Shares of MSI opened at $121.31 on Friday. The company has a current ratio of 1.23, a quick ratio of 1.09 and a debt-to-equity ratio of -3.55. The firm has a market cap of $19.64 billion, a price-to-earnings ratio of 23.33, a PEG ratio of 1.92 and a beta of 0.39. Motorola Solutions Inc has a 12 month low of $82.86 and a 12 month high of $125.31.

Motorola Solutions (NYSE:MSI) last issued its quarterly earnings results on Thursday, August 2nd. The communications equipment provider reported $1.46 EPS for the quarter, beating the Zacks’ consensus estimate of $1.37 by $0.09. The business had revenue of $1.76 billion for the quarter, compared to analysts’ expectations of $1.72 billion. Motorola Solutions had a negative net margin of 0.97% and a negative return on equity of 70.84%. The business’s quarterly revenue was up 17.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.12 earnings per share. sell-side analysts predict that Motorola Solutions Inc will post 6.57 EPS for the current year.

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

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