Lester Murray Antman dba SimplyRich acquired a new stake in shares of Motorola Solutions Inc (NYSE:MSI) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 4,869 shares of the communications equipment provider’s stock, valued at approximately $812,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Neuberger Berman Group LLC raised its stake in Motorola Solutions by 2.4% during the 1st quarter. Neuberger Berman Group LLC now owns 5,713,647 shares of the communications equipment provider’s stock valued at $802,310,000 after acquiring an additional 134,923 shares during the last quarter. OppenheimerFunds Inc. grew its holdings in shares of Motorola Solutions by 1.2% in the 1st quarter. OppenheimerFunds Inc. now owns 4,465,388 shares of the communications equipment provider’s stock worth $627,029,000 after acquiring an additional 52,720 shares during the period. Geode Capital Management LLC grew its holdings in Motorola Solutions by 12.3% during the 4th quarter. Geode Capital Management LLC now owns 2,456,130 shares of the communications equipment provider’s stock valued at $282,258,000 after buying an additional 269,031 shares during the last quarter. FMR LLC grew its holdings in Motorola Solutions by 39.3% during the 1st quarter. FMR LLC now owns 1,847,513 shares of the communications equipment provider’s stock valued at $259,427,000 after buying an additional 521,509 shares during the last quarter. Finally, Artisan Partners Limited Partnership grew its holdings in Motorola Solutions by 1.2% during the 1st quarter. Artisan Partners Limited Partnership now owns 1,761,413 shares of the communications equipment provider’s stock valued at $247,338,000 after buying an additional 21,540 shares during the last quarter. 85.77% of the stock is owned by hedge funds and other institutional investors.

Shares of Motorola Solutions stock traded down $0.77 during trading hours on Tuesday, reaching $176.10. 7,896 shares of the company’s stock were exchanged, compared to its average volume of 947,009. Motorola Solutions Inc has a 52-week low of $108.25 and a 52-week high of $179.14. The firm has a market capitalization of $28.69 billion, a price-to-earnings ratio of 25.75, a price-to-earnings-growth ratio of 3.08 and a beta of 0.56. The company has a fifty day moving average of $171.23 and a 200-day moving average of $151.72.

Motorola Solutions (NYSE:MSI) last issued its quarterly earnings results on Thursday, August 1st. The communications equipment provider reported $1.69 earnings per share for the quarter, topping analysts’ consensus estimates of $1.52 by $0.17. Motorola Solutions had a negative return on equity of 105.22% and a net margin of 13.47%. The company had revenue of $1.86 billion for the quarter, compared to analyst estimates of $1.84 billion. During the same quarter in the prior year, the company posted $1.46 EPS. The business’s revenue for the quarter was up 5.7% compared to the same quarter last year. As a group, equities analysts forecast that Motorola Solutions Inc will post 7.35 EPS for the current year.

MSI has been the topic of a number of analyst reports. Barclays initiated coverage on Motorola Solutions in a report on Wednesday, August 7th. They set an “overweight” rating and a $195.00 target price on the stock. Raymond James increased their target price on Motorola Solutions from $160.00 to $182.00 and gave the company an “outperform” rating in a report on Friday, August 2nd. Zacks Investment Research cut Motorola Solutions from a “buy” rating to a “hold” rating and set a $177.00 target price on the stock. in a report on Wednesday, July 3rd. Northcoast Research cut Motorola Solutions from a “buy” rating to a “neutral” rating and set a $171.53 target price on the stock. in a report on Wednesday, July 17th. Finally, JPMorgan Chase & Co. increased their target price on Motorola Solutions from $136.00 to $150.00 and gave the company an “underweight” rating in a report on Wednesday, July 24th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and ten have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $158.00.

In related news, SVP Rajan Naik sold 1,708 shares of the stock in a transaction on Thursday, May 23rd. The stock was sold at an average price of $150.83, for a total value of $257,617.64. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Kelly S. Mark sold 48,500 shares of the stock in a transaction on Wednesday, August 7th. The stock was sold at an average price of $171.47, for a total value of $8,316,295.00. The disclosure for this sale can be found here. Insiders sold a total of 704,292 shares of company stock worth $120,725,479 over the last ninety days. Corporate insiders own 2.99% of the company’s stock.

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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