Westpac Banking Corp decreased its stake in Motorola Solutions Inc (NYSE:MSI) by 15.0% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 113,184 shares of the communications equipment provider’s stock after selling 19,942 shares during the period. Westpac Banking Corp’s holdings in Motorola Solutions were worth $18,871,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Hexavest Inc. acquired a new stake in Motorola Solutions in the 2nd quarter valued at about $30,000. Truvestments Capital LLC acquired a new stake in Motorola Solutions in the 1st quarter valued at about $28,000. Institutional & Family Asset Management LLC lifted its stake in Motorola Solutions by 100.0% in the 1st quarter. Institutional & Family Asset Management LLC now owns 200 shares of the communications equipment provider’s stock valued at $28,000 after purchasing an additional 100 shares during the last quarter. Icon Wealth Partners LLC acquired a new stake in Motorola Solutions in the 1st quarter valued at about $36,000. Finally, Berman Capital Advisors LLC lifted its stake in Motorola Solutions by 60.2% in the 1st quarter. Berman Capital Advisors LLC now owns 274 shares of the communications equipment provider’s stock valued at $38,000 after purchasing an additional 103 shares during the last quarter. Institutional investors and hedge funds own 85.18% of the company’s stock.

MSI stock traded up $1.10 during mid-day trading on Tuesday, hitting $176.64. 22,807 shares of the company were exchanged, compared to its average volume of 876,314. The business has a 50 day simple moving average of $169.95. The firm has a market cap of $29.19 billion, a PE ratio of 25.85, a PEG ratio of 3.14 and a beta of 0.56. Motorola Solutions Inc has a 1-year low of $108.25 and a 1-year high of $179.14.

Motorola Solutions (NYSE:MSI) last issued its quarterly earnings data on Thursday, August 1st. The communications equipment provider reported $1.69 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.52 by $0.17. The firm 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 business’s revenue for the quarter was up 5.7% compared to the same quarter last year. During the same period last year, the business posted $1.46 earnings per share. As a group, equities analysts forecast that Motorola Solutions Inc will post 7.35 EPS for the current year.

In other news, CFO Gino A. Bonanotte sold 49,554 shares of Motorola Solutions stock in a transaction that occurred on Tuesday, June 4th. The shares were sold at an average price of $156.86, for a total value of $7,773,040.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Rajan Naik sold 1,708 shares of Motorola Solutions stock in a transaction that occurred on Thursday, May 23rd. The shares were sold at an average price of $150.83, for a total transaction of $257,617.64. The disclosure for this sale can be found here. Insiders have sold 704,292 shares of company stock valued at $120,725,479 over the last 90 days. Company insiders own 2.99% of the company’s stock.

Several equities research analysts recently issued reports on the stock. Zacks Investment Research downgraded shares of Motorola Solutions from a “buy” rating to a “hold” rating and set a $177.00 target price for the company. in a research note on Wednesday, July 3rd. Raymond James raised their target price on shares of Motorola Solutions from $160.00 to $182.00 and gave the company an “outperform” rating in a research note on Friday, August 2nd. Citigroup raised their target price on shares of Motorola Solutions from $170.00 to $190.00 and gave the company a “buy” rating in a research note on Friday, August 2nd. Northcoast Research downgraded shares of Motorola Solutions from a “buy” rating to a “neutral” rating and set a $171.53 target price for the company. in a research note on Wednesday, July 17th. Finally, JPMorgan Chase & Co. raised their target price on shares of Motorola Solutions from $136.00 to $150.00 and gave the company an “underweight” rating in a research note on Wednesday, July 24th. One analyst has rated the stock with a sell rating, five have issued a hold rating and ten have issued a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $158.00.

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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